Republic Act No. 3214, approved on June 17, 1961, grants Jose Baga a franchise to construct, maintain, and operate an electric light, heat, and power system in Kabacan, Cotabato, for fifty years. The Act stipulates that the National Power Corporation may negotiate rates on behalf of public consumers if Baga purchases power from them. Additionally, it includes a provision for the government to take over the system if desired, requiring Baga to surrender his franchise and transfer equipment at cost, minus reasonable depreciation. The law took effect upon its approval and was published in the Official Gazette on February 5, 1962.
June 17, 1961
REPUBLIC ACT NO. 3214
AN ACT GRANTING JOSE BAGA A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF KABACAN, PROVINCE OF COTABATO
SECTION 1. Subject to the terms and conditions established in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, and to the provisions of the Constitution, there is granted to Jose Baga, for a period of fifty years from the approval of this Act, the right, privilege and authority to construct, maintain and operate an electric light, heat and power system for the purpose of generating and distributing electric light, heat and/or power for sale in the Municipality of Kabacan, Province of Cotabato.
SECTION 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.
SECTION 3. It is expressly provided that in the event the Government should desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender his franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.
SECTION 4. This Act shall take effect upon its approval.
Approved: June 17, 1961
Published in the Official Gazette, Vol. 58, No. 6, p. 1074 on February 5, 1962