REPUBLIC ACT NO. 764 - AN ACT GRANTING DIOSDADO EBARLE A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF MEDINA, ORIENTAL MISAMIS.

[ REPUBLIC ACT NO. 764, June 20, 1952 ]

AN ACT GRANTING DIOSDADO EBARLE A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITY OF MEDINA, ORIENTAL MISAMIS.

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

SECTION 1. Subject to the terms and condition established in Act Numbered Thirty-six hundred and thirty-six, is amended by Commonwealth Act Numbered One hundred thirty-two, and to the provisions of the Constitution, there is granted to Diosdado Ebarle, 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 power system for the purpose of generating and distributing electric light, heat, and/or power for sale within the Municipality of Medina, Province of Oriental Misamis.

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 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 20, 1952.