Grant of Franchise to Mrs. Rhode E. Yonzon (Electric Light, Heat and Power System)

June 20, 1953

REPUBLIC ACT NO. 941

AN ACT GRANTING MRS. RHODE E. YONZON A FRANCHISE TO CONSTRUCT, MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF CALATRAVA, NEGROS OCCIDENTAL

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 the provisions of the Constitution, there is granted to Mrs. Rhode E. Yonzon, 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 light, heat, and/or power for sale within the municipality of Calatrava, Province of Negros Occidental.

SECTION 2. 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 her 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, 1953

Published in the Official Gazette, Vol. 49, No. 8, p. 3295 in August 1953