Grant of Franchise to Basilio R. Tangco (Electric Light, Heat and Power System)
Act No. 4262, approved on November 7, 1935, grants Basilio R. Tangco a 25-year franchise to install, operate, and maintain an electric light, heat, and power system in Victorias, Occidental Negros. The franchise allows for the generation and distribution of electricity for sale within the municipality. It is subject to the rules of a prior act and cannot be transferred without the Philippine Legislature's approval. The Act takes effect upon its approval.
Law Information
- Reference Number
- Act No. 4262
- Date Enacted
- Category
- Statutes
- Subcategory
- Acts
- Jurisdiction
- Philippines
- Enacting Body
- Congress of the Philippines
Full Law Text
November 7, 1935
ACT NO. 4262
AN ACT GRANTING TO BASILIO R. TANGCO A FRANCHISE TO INSTALL, OPERATE, AND MAINTAIN AN ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITY OF VICTORIAS, PROVINCE OF OCCIDENTAL NEGROS, PHILIPPINE ISLANDS
SECTION 1. Subject to the rules and conditions established in Act Numbered Thirty-six hundred and thirty-six, there is hereby granted to Basilio R. Tangco, 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 power, for sale within the limits of the municipality of Victorias, Province of Occidental Negros, Philippine Islands. This franchise shall not be transferable except with the approval of the Philippine Legislature.
SECTION 2. This Act shall take effect on its approval.
Approved, November 7, 1935.
Cite This Law
Grant of Franchise to Basilio R. Tangco (Electric Light, Heat and Power System), Act No. 4262, Nov 7, 1935 (Philippines)
Grant of Franchise to Basilio R. Tangco (Electric Light, Heat and Power System), Act No. 4262 (Phil. 1935)
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