Republic Act No. 2319: An act granting the municipality of calubian, province of leyte, a franchise for an electric light, heat and power system

In plain language

An act that grants the Municipality of Calubian a 25‑year franchise to construct, maintain, and operate an electric light, heat, and power system.

Section 1: Grants the Municipality of Calubian a 25‑year franchise to construct, maintain, and operate an electric light, heat, and power system.

Section 2: Establishes rate regulation and profit limits, requiring Public Service Commission approval and imposing penalties for violations.

Section 3: Mandates the grantee to keep comprehensive records of assets, liabilities, revenues, and expenses.

Section 4: Requires monthly depreciation recording of depreciable property using straight‑line method.

Section 5: Defines terms such as cost, units of property, straight‑line depreciation, and rate base.

Electricity

Heat

Power

Franchise

Leyte

Municipality

Public Service Commission

REPUBLIC ACT No. 2319

An Act Granting the Municipality of Abuyog, Province of Leyte, a Franchise for an Electric Light, Heat and Power System

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 thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, and to the provisions of the Constitution, there is granted to the Municipality of Abuyog, Province of Leyte, 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 limits of said municipality.

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 system and enterprise herein authorized, the grantee shall surrender its 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 19, 1959.

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.