Republic Act No. 1840: An act authorizing the development, exploitation and utilization of the mineral deposits in the surigao reservation and, for the purpose, authorizing the president of the philippines to have the same undertaken either by the government itself, or jointly with private enterprise, or by engaging the services of independent contractor or contractors, to create an office or agency, and to contract loans and/or float bonds and for other purposes

Republic Act No. 1840

An act authorizing the development, exploitation and utilization of the mineral deposits in the surigao reservation and, for the purpose, authorizing the president of the philippines to have the same undertaken either by the government itself, or jointly with private enterprise, or by engaging the services of independent contractor or contractors, to create an office or agency, and to contract loans and/or float bonds and for other purposes

An Act Authorizing the Development, Exploitation and Utilization of the Mineral Deposits in the Surigao Reservation and, for the Purpose, Authorizing the President of the Philippines to Have the Same Undertaken Either by the Government Itself, or Jointly with Private Enterprise, or by Engaging the Services of Independent Contractor or Contractors, to Create an Office or Agency, and to Contract Loans and/Or Float Bonds and for Other Purposes

In plain language

This law authorizes the Philippine government, either alone, jointly with private enterprises, or through independent contractors, to develop, exploit, and utilize mineral deposits in the Surigao Mineral Reservation. It establishes the Surigao Mineral Reservation Board, outlines the President’s authority to contract loans or bonds, and sets conditions for ownership and operation of mining ventures.

Creation of the Surigao Mineral Reservation Board

Authorization of the President to contract loans and/or float bonds up to 200 million pesos

Allowed modes of operation: government alone, joint venture, or independent contractor

Requirement of at least 51% Filipino ownership in joint ventures

Conditions for contractor engagement and bidding process

mineral resources

government development

public-private partnership

Surigao

Republic Act

REPUBLIC ACT No. 1840

An Act to Grant to Feliciana S. Bermudez a Franchise for an Electric Light, Heat and Power System in the Municipality of Tupi, Province of Cotabato

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

Section 1

Subject to the terms and conditions 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 Feliciana S. Bermudez, for a period 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 plant for the purpose of generating and distributing electric light, heat and/or power for sale within the limits of the Municipality of Tupi, Province of Cotabato.

Section 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.

Section 3

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 her franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.

Section 4

This Act shall take effect upon its approval.

Approved: June 22, 1957.

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.