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AN ACT GRANTING JOSEFINA B. RAMOS A FRANCHISE TO CONSTRUCT, OPERATE AND MAINTAIN AN ICE PLANT AND COLD STORAGE IN THE MUNICIPALITY OF GUIGUINTO, PROVINCE OF BULACAN AND TO SELL ICE IN THE PROVINCE OF BULACAN.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Subject to the terms and conditions established in this Act and in Commonwealth Act Numbered One hundred forty-six, as amended, and to the provisions of the Constitution, there is granted to Josefina B. Ramos, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to construct, operate and maintain an ice plant and cold storage in the Municipality of Guiguinto, Province of Bulacan, subject to the approval of the Public Service Commission, for the purpose of manufacturing ice for distribution and sale, and for supplying cold storage in the Province of Bulacan and to charge and collect a schedule of prices and rates therefor which schedule shall at all times be subject to the regulation by the Public Service Commission or its legal successor.SEC. 2. The grantee shall manufacture and supply ice up to the limit of the capacity of the plant, said limit to be determined by the Public Service Commission.SEC. 3. All the apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect. The grantee, whenever the Public Service Commission determines that public interest reasonably requires it, shall change or alter any of her apparatus and appurtenances at grantee's expense.SEC. 4. If the grantee shall not commence the construction within two years from the approval of this Act, unless prevented by an act of God or force majeure, martial law, riot, civil commotion, usurpation by a military power or any other cause beyond the grantee's control, this franchise shall become null and void.SEC. 5. This franchise is granted with the understanding and upon the condition that it shall be subject to amendment, alteration, or repeal by the Congress of the Philippines when the public interest so requires.SEC. 6. The books, records and accounts of the grantee shall always be open to the inspection of the Auditor General or his authorized representatives. It shall be the duty of the grantee to submit to the Auditor General quarterly reports in duplicate showing the gross receipts for the quarter past.SEC. 7. In consideration of this franchise the grantee shall pay a tax equivalent to five per cent of her gross income.SEC. 8. This Act shall take effect upon its approval.Enacted without Executive approval, August 4, 1969.
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