REPUBLIC ACT NO. 3121 - AN ACT GRANTING THE MUNICIPALITIES OF SILAGO, CABALIAN, SOGOD, MALITBOG, SAN FRANCISCO, LILOAN, AND BONTOC, ALL IN THE PROVINCE OF SOUTHERN LEYTE, A FRANCHISE EACH TO INSTALL, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM.

[ REPUBLIC ACT NO. 3121, June 17, 1961 ]

AN ACT GRANTING THE MUNICIPALITIES OF SILAGO, CABALIAN, SOGOD, MALITBOG, SAN FRANCISCO, LILOAN, AND BONTOC, ALL IN THE PROVINCE OF SOUTHERN LEYTE, A FRANCHISE EACH TO INSTALL, OPERATE AND MAINTAIN 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 terms and conditions established in Act Numbered Thirty-sixty 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 municipalities of Silago, Cabalian, Sogod, Malitbog, San Francisco, Liloan and Bontoc, all in the Province of Southern Leyte, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to construct, operate and maintain an electric light, heat and power system each for the purpose of generating and distributing electric light, heat and/or power for sale within their territorial jurisdiction.

SEC. 2. In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation 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.

Approved, June 17, 1961.