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Republic Act
Approved June 14, 1956

Republic Act No. 1464

An act granting a.s. diaz electric service a franchise to install, operate, and maintain an electric light, heat, and power system in the city of bacolod and its suburbs

An Act Granting A.S. Diaz Electric Service a Franchise to Install, Operate, and Maintain an Electric Light, Heat, and Power System in the City of Bacolod and its Suburbs

In plain language

The act grants a 50-year franchise to A.S. Diaz Electric Service to construct, maintain, and operate an electric light, heat, and power system in Bacolod, authorizes the National Power Corporation to negotiate rates for the public, and imposes a franchise tax equal to 2% of gross earnings from electric current sold under the franchise.

  • 50-year franchise to A.S. Diaz Electric Service
  • Authorization of NPC to negotiate rates
  • Franchise tax of 2% of gross earnings
franchise
electricity
Bacolod

REPUBLIC ACT No. 1464

An Act Amending Item One, Subparagraph I, Under Provincial Capitols, Paragraph Four, Section One of Republic Act Numbered Twelve Hundred

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Item one, subparagraph i, paragraph four, section one of Republic Act Numbered Twelve hundred, is amended to read as follows:

| "1. Nueva Vizcaya Provincial Capitol(1) Construction of Annex to Office of Provincial Governor | ₱5,000.00." |

Section 2

Insert the following item as Item seven, subparagraph am, paragraph four, section one of Republic Act Numbered Twelve hundred to compensate for the deletion in the preceding section:

| "(7) Diffun Municipal Town HallConstruction | ₱10,000.00." |

Section 3

This Act shall take effect upon its approval.

Approved: June 14, 1956.

For information and research only, and not legal advice. This text may not reflect later amendments. For certified copies, refer to the Official Gazette or the issuing agency.