REPUBLIC ACT NO. 4395 - AN ACT GRANTING ANGEL R. CABATINGAN A FRANCHISE TO MAINTAIN AND OPERATE A FERRY SERVICE BETWEEN THE MUNICIPALITY OF SANTA FE, PROVINCE OF CEBU, AND THE BARRIO OF HAGNAYA IN THE MUNICIPALITY OF SAN REMIGIO, SAME PROVINCE.
Be it enacted by the Senate and House of Representatives, of the Philippines in Congress assembled:
SECTION 1. Subject to the provisions of Commonwealth Act Numbered One hundred and forty-six, as amended, and to the provisions of the Constitution, there is granted to Angel R. Cabatingan for a period of twenty-five years from the approval of this Act, the right, privilege and authority to maintain and operate a ferry service between the Municipality of Santa Fe in the Province of Cebu and the barrio of Hagnaya in the Municipality of San Remigio, same province.
SEC. 2. It is expressly provided that in the event the Government should desire to maintain and operate for itself the service and enterprise herein authorized, the grantee shall surrender his franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.
SEC. 3. This Act shall take effect upon its approval.
Approved, June. 19, 1965.
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