H. No. 15078 / 65 OG No. 24, 6104 (June 16, 1969)

[ REPUBLIC ACT NO. 5332, June 15, 1968 ]

AN ACT GRANTING THE JARO LIBERTY ELECTRIC COMPANY, INC. A FRANCHISE TO INSTALL, MAINTAIN AND OPERATE ELECTRIC LIGHT, HEAT, POWER SYSTEM AND ICE PLANT IN THE MUNICIPALITY OF JARO, PROVINCE OF LEYTE, AND TO EXTEND ITS ELECTRIC LIGHT, HEAT AND POWER SYSTEM AND DISTRIBUTION OF ICE FOR SALE TO THE MUNICIPALITIES OF TUÑGA, ALANGALANG, SANTA FE AND PASTRANA, THAT PROVINCE.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION L. Subject to the terms and conditions imposed by this Act and 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 hereby granted to the Jaro Liberty Electric Company, Inc., for a period of twenty-five years from the approval of this Act, the right, privilege and authority to install, maintain and operate electric light, heat, power system and ice plant in the Municipality of Jaro, Province of Leyte,  and to extend its electric light, heat, power system and distribution of ice for sale to the municipalities of Tuñga, Alangalang, Santa Fe and Pastrana, that province, for the purpose of generating and distributing electric light, heat and/or power and ice for sale in said municipalities.SEC. 2. For the purpose of this Act, the grantee have the  right to harness and develop the Cabayuñgan  River in the Municipality of Jaro, Province of Leyte, for hydroelectric power.   The grantee shall further have right and privilege  to  install,   lay and  maintain on streets, public thoroughfares,  bridges  and   public places with   said   units,   poles, wires,   transformers,  capacity overhead protective devices, and pole line hardware, and other equipment necessary for the  safe  distribution of electric current to the public.  Furthermore, the grant shall have  the  right  and privilege   to  buy and  import  spare parts, vehicles  and machinery  solely for the use  and operation maintenance of the company and/or corporation: Provided, however, That the grantee may not  sell   or   dispose   of  any  vehicle   or  machinery  imported under this  Act  within five  years  from the  date of its purchase without the vendee paying the corresponding tax for the said machinery or vehicle.SEC. 3. The grantee shall manufacture and supply ice up to the limit of the capacity of its plant, said limit to be determined by the Public Service Commission.SEC. 4. The books, records and accounts of the grantee shall  always be  open  to the   inspection  of the Auditor General or his authorized representatives and 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. 5. In the event of any competing individual, association   of   persons   or   corporation   receiving  from Congress of  the  Republic   of the  Philippines a similar franchise in which there shall be any terms more favorable than those herein  granted  or tending to place herein grantee at any disadvantage, then such term or terms shall ipso facto become a part of the terms and shall operate equally in favor of the grantee as in  the   case  of  said  competing   individual,   association of  persons or corporation.SEC. 6.  In consideration  of  the franchise  and rights hereby granted,   the grantee  shall  pay a franchise  tax equal to five per centum of the gross earnings for electric current sold under this franchise of which the two per centum shall accrue to the National Government and the other three per centum to the municipality where the franchise is being operated.SEC. 7. This Act shall take effect upon its approval.Enacted without Executive approval, June 15, 1968.

Source: Supreme Court E-Library