REPUBLIC ACT NO. 5081 - AN ACT GRANTING THE MUNICIPALITY OF MABINAY, PROVINCE OF NEGROS ORIENTAL, A FRANCHISE TO INSTALL, MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM

[ REPUBLIC ACT NO. 5081, June 17, 1967 ]

AN ACT GRANTING THE MUNICIPALITY OF MABINAY, PROVINCE OF NEGROS ORIENTAL, A FRANCHISE TO INSTALL, MAINTAIN AND OPERATE AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Subject to the conditions and terms 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 the Municipality of Mabinay, Province of Negros Oriental, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to install, maintain and operate an electric light, heat and power system for the purpose of generating and distributing electric light, heat and/or power for the sale within the said municipality.

SEC. 2. In the event that the grantee shall purchase and secure electric light, heat and power from the National Power Corporation, the latter is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.

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

Enacted without Executive approval, June 17, 1967.