H. No. 6992 / 53 OG No. 18, 6045 (September 30, 1957

[ REPUBLIC ACT NO. 1871, June 22, 1957 ]

AN ACT GRANTING THE FACOMA OF CALINOG IN THE MUNICIPALITY OF CALINOG, PROVINCE OF ILOILO, A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM.

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 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, here is granted to the Facoma of Calinog in the Municipality of Calinog, Province of Iloilo, for a period of twenty-five years from the approval of this Act, the right, privilege, and authority to construct, maintain, and operate electric light, heat and power system for the purpose generating and distributing electric light, heat, and/or power for sale within the limits of the said municipality.SEC. 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat 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 system 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. SEC. 4. This Act shall take effect upon its approval.Approved, June 22, 1957.

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