REPUBLIC ACT NO. 256, June 14, 1948

[ REPUBLIC ACT NO. 256, June 14, 1948 ]

AN ACT GRANTING FELIX MARONILLA, JR., A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN LIBON, ALBAY.

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, there is granted to Felix Maronilla, Jr., for a period of twenty-five years from the approval of this Act, the right, privilege, and authority to construct, maintain, and operate an electric light, heat and/or power for sale within the limits of the municipality of Libon, Province of Albay.

SEC. 2. It is expressly provided that in the event the Government should desire to maintain and operate for itself the plant and enterprise herein authorized, the grantee shall surrender its franchise and will turn over to the Government all serviceable equipments therein, at cost.

SEC. 3. This Act shall take effect upon its approval.

Approved, June 14, 1948.