ChanRobles Virtual law Library
PHILIPPINE LAWS, STATUTES & CODES
A collection of Philippine laws, statutes and codes not included or cited in the main indices of the Chan Robles Virtual Law Library.
Republic Acts :
REPUBLIC ACTS
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REPUBLIC ACT NO. 1225 - AN
ACT TO GRANT TO THE LA UNION ELECTRIC CO., INC., A FRANCHISE FOR AN
ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF SAN
FERNANDO, BAUANG AND SAN JUAN, PROVINCE OF LA UNION |
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 the La Union
Electric Co., Inc., for a period of fifty 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 municipalities of San Fernando, Bauang and San
Juan, Province of La Union.cralaw
Sec. 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. Sec. 3. 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.cralaw
Sec. 4. This Act shall take effect upon its
approval.cralaw Approved: May 23, 1955 |