Grant of Franchise to Diosdado Ebarle (Electric Light, Heat and Power System)

June 20, 1952

REPUBLIC ACT NO. 764

AN ACT GRANTING DIOSDADO EBARLE A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF MEDINA, ORIENTAL MISAMIS

SECTION 1. Subject to the terms and condition 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 Diosdado Ebarle, 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 Medina, Province of Oriental Misamis.

SECTION 2. It is expressly provided that in the event the Government should desire to maintain and operate for itself the plant 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 3. This Act shall take effect upon its approval.

Approved: June 20, 1952

Published in the Official Gazette, Vol. 48, No. 8, p. 3213 in August 1952