Grant of Franchise to Ruperto A. Villareal (Electric Light, Heat and Power System)

June 22, 1941

COMMONWEALTH ACT NO. 667

AN ACT TO GRANT TO RUPERTO A. VILLAREAL A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITY OF MAMBUSAO, PROVINCE OF CAPIZ

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 Ruperto A. Villareal, 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 plant for the purpose of generating and distributing electric light, heat and/or power for sale within the limits of the Municipality of Mambusao, Province of Capiz. HTcADC

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 its 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.

Enacted without Executive approval, June 22, 1941.