[ REPUBLIC ACT NO. 6517, July 22, 1972 ]
AN ACT GRANTING THE ESTATE OF ALFREDO R. DISINI OF THE MUNICIPALITY OF NARVACAN, PROVINCE OF ILOCOS SUR, A FRANCHISE TO INSTALL, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN SAID MUNICIPALITY AND TO SELL AND DISTRIBUTE ELECTRIC LIGHT, HEAT AND POWER THEREIN.
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 thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, and to the provisions of the Constitution, there is granted to the Estate of Alfredo R. Disini of the Municipality of Narvacan, Province of Ilocos Sur, for period of twenty-five years from the approval of this Act, the right, privilege and authority to install, operate and maintain electric light, heat and power system, for the purpose of generating and distributing electric light, heat and/or power in the Municipality of Narvacan, Province of Ilocos Sur.
SEC. 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power and/or enter into any business agreement with the Rural Electrification Administration, the National Power Corporation and the Rural Electrification Administration, respectively, are hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.
SEC. 3. All apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect, and the grantee shall, whenever the Public Service Commission or its legal successor shall determine that public interest reasonably requires it, change or alter any of its apparatus and appurtenances at grantee's expense.
SEC. 4. If the grantee shall not commence the generation of electricity and the distribution of electricity in the Municipality of Narvacan, Province of Ilocos Sur, within five 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 be null and void.
SEC. 5. This franchise is granted subject to the provisions of the Constitution and Commonwealth Act Numbered One hundred forty-six, as amended, and with the understanding and upon the condition that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines when public interest so requires.
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 under this franchise, three per centum shall accrue to the National Government and two per centum to the municipality where the franchise is being operated.
SEC. 7. 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 this franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation
SEC. 8. This Act shall take effect upon its approval.
Approved, July 22, 1972.
SECTION 1. Subject to the terms and conditions established in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, and to the provisions of the Constitution, there is granted to the Estate of Alfredo R. Disini of the Municipality of Narvacan, Province of Ilocos Sur, for period of twenty-five years from the approval of this Act, the right, privilege and authority to install, operate and maintain electric light, heat and power system, for the purpose of generating and distributing electric light, heat and/or power in the Municipality of Narvacan, Province of Ilocos Sur.
SEC. 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power and/or enter into any business agreement with the Rural Electrification Administration, the National Power Corporation and the Rural Electrification Administration, respectively, are hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.
SEC. 3. All apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect, and the grantee shall, whenever the Public Service Commission or its legal successor shall determine that public interest reasonably requires it, change or alter any of its apparatus and appurtenances at grantee's expense.
SEC. 4. If the grantee shall not commence the generation of electricity and the distribution of electricity in the Municipality of Narvacan, Province of Ilocos Sur, within five 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 be null and void.
SEC. 5. This franchise is granted subject to the provisions of the Constitution and Commonwealth Act Numbered One hundred forty-six, as amended, and with the understanding and upon the condition that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines when public interest so requires.
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 under this franchise, three per centum shall accrue to the National Government and two per centum to the municipality where the franchise is being operated.
SEC. 7. 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 this franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation
SEC. 8. This Act shall take effect upon its approval.
Approved, July 22, 1972.