Grant of Franchise to Antonio Macias (Electric Light, Heat and Power System)

June 16, 1956

REPUBLIC ACT NO. 1549

AN ACT GRANTING ANTONIO MACIAS OF LILOY, ZAMBOANGA DEL NORTE, A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF LILOY, PROVINCE OF ZAMBOANGA DEL NORTE

SECTION 1. Subject to the terms and conditions established in Act Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two, and to the provisions of the Constitution, there is granted to Antonio Macias of Liloy, Zamboanga del Norte, for a period of twenty-five 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 within the Municipality of Liloy, Province of Zamboanga del Norte. aisa dc

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. aisa dc

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 it approval.

Approved: June 16, 1956 acd

Published in the Official Gazette, Vol. 52, No. 10, p. 4524 on August 31, 1956