AN ACT EXTENDING FOR A PERIOD OF FIFTY YEARS THE DURATION OF THE FRANCHISE OF THE LEALDA ELECTRIC COMPANY, INCORPORATED, SUCCESSOR OF THE GRANTEE UNDER ACT NUMBERED TWENTY-FOUR HUNDRED SEVENTY-FIVE, ENTITLED "AN ACT GRANTING TO JULIAN M. LOCSIN ANSON A FRANCHISE TO INSTALL, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF ALBAY, INCLUDING ITS TWO DISTRICTS, DARAGA AND LEGASPI, IN THE PROVINCE OF ALBAY, PHILIPPINE ISLANDS."