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Republic Act
Approved June 17, 1956

Republic Act No. 1610

An act to amend certain sections of republic act numbered one thousand one hundred sixty-two

AN ACT TO AMEND CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED ONE THOUSAND ONE HUNDRED SIXTY-TWO

In plain language

Republic Act No. 1599 amends specific provisions of RA 1162 to authorize and regulate the expropriation of landed estates or haciendas in Manila that have been leased to tenants for at least ten years. It provides for subdivision into small lots, sale at cost with interest, lease options, suspension of ejectment proceedings, and caps the expropriation funding at fifteen million pesos.

  • Authorization of expropriation for lands leased to tenants for at least ten years.
  • Subdivision of expropriated lands into lots not exceeding 150 square meters.
  • Sale of lots at cost plus 6% annual interest over 25 years.
  • Lease options for tenants unable to purchase, with rent capped at 8% of assessed value.
  • Suspension of ejectment proceedings for two years under specified conditions.
  • Funding for expropriation capped at fifteen million pesos from RA 1400.
expropriation
land reform
Manila
RA 1599

REPUBLIC ACT No. 1610

An Act Granting the Negros Electric Power Corporation a Franchise to Develop, Construct, Maintain and Operate a Hydroelectric Power Plant in Bago River, Province of Negros Occidental

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

Section 1

Subject to the provisions of the Constitution and to the terms and conditions established in Act Numbered Thirty-six hundred and thirty-six, as amended, and insofar as the latter law is applicable to, and not inconsistent with this Act, there is hereby granted to the Negros Electric Power Corporation, hereinafter known as the grantee, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to develop, construct, maintain and operate a hydroelectric power plant at a suitable place along the Bago River, for the purpose of generating and distributing electric light, heat, and power for sale within the Province of Negros Occidental. The grantee shall complete the building of the hydroelectric power plant herein authorized within five years from the approval of this Act and charge and collect a schedule of prices and rates for the use of electric current, which schedule of prices and rates shall at all times be subject to regulation by the Public Service Commission.

Section 2

Said grantee shall be exempt from payment of all internal revenue taxes directly payable by it.

Section 3

It is expressly provided that, in the event the Government should desire to maintain and operate for itself the hydroelectric power plant herein authorized, the grantee shall surrender its franchise and will turn over to the Government all installations and serviceable equipment therein, at cost, less reasonable depreciation.

Section 4

This Act shall take effect upon its approval.

Approved: August 23, 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.