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Public Utility
Approved June 19, 1959

Republic Act No. 2344

An act granting romeo firme a franchise for an electric light, heat and power system in the municipality of aurora, province of isabela

An Act Granting Romeo Firme a Franchise for an Electric Light, Heat and Power System in the Municipality of Aurora, Province of Isabela

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In plain language

Republic Act No. 2330 grants a 25‑year franchise to Romeo Firme to construct, maintain, and operate an electric light, heat, and power system in Aurora, Isabela, with provisions for procurement from the National Power Corporation, surrender of the franchise if the government takes over, and effective upon approval.

  • Grant of 25‑year franchise to Romeo Firme
  • Authority to construct, maintain, and operate electric system
  • Authorization of National Power Corporation to negotiate and transact electric heat and power
  • Requirement to surrender franchise and equipment if government takes over
  • Effective upon approval
franchise
electricity
public utility
municipality
Isabela

REPUBLIC ACT No. 2344

An Act to Further Amend the First Paragraph of Section One Hundred Eighty-Nine of the National Internal Revenue Code

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

Section 1

The first paragraph of section on hundred eighty-nine of Commonwealth Act Numbered Four hundred sixty-six, otherwise known as the National Internal Revenue Code, as amended, is further amended to read as follows:

Sec. 189. Percentage tax upon proprietors or operators of rope factories, sugar centrals, rice mills, coconut oil mills, corn mills, and desiccated coconut factories. -Proprietors or operators of rope factories, sugar centrals, rice mills, coconut oil mills, corn mills and desiccated coconut factories shall pay a tax equivalent to two per centum of the gross value in money of all the rope, sugar, rice, coconut oil, ground or milled corn, and desiccated coconut manufactured or milled by them, including the by-products of the raw materials from which the said articles are produced or manufactured, such tax to be based on the actual selling price or market value of these articles at the time they leave the factory or mill warehouse: Provided, However, That this tax shall not apply to ropes, coconut oil, and the by-products of copra from which it is produced or manufactured, and desiccated coconuts, if such ropes, oil, copra by products and desiccated coconuts shall be removed for exportation and are actually exported without returning to the Philippines, whether so exported in their original state, or as an ingredient or part of any manufactured article or product.

Section 2

This Act shall take effect upon its approval.

Approved: June 20, 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.