Republic Act No. 3234: An act authorizing the sale, transfer and conveyance to the visayan electric co., inc. of the franchise and all the properties and rights acquired thereunder of the visayan electric co., s.a., granted under act numbered thirty-four hundred ninety-nine, to operate, and maintain an electric light, heat and power system in the city of cebu and in the municipalities of talisay, minglanilla, naga, san fernando, mandawe, consolacion, liloan and compostela, all in the province of cebu

Republic Act No. 3234

An act authorizing the sale, transfer and conveyance to the visayan electric co., inc. of the franchise and all the properties and rights acquired thereunder of the visayan electric co., s.a., granted under act numbered thirty-four hundred ninety-nine, to operate, and maintain an electric light, heat and power system in the city of cebu and in the municipalities of talisay, minglanilla, naga, san fernando, mandawe, consolacion, liloan and compostela, all in the province of cebu

An Act Authorizing the Sale, Transfer and Conveyance to the Visayan Electric Co., Inc. of the Franchise and All the Properties and Rights Acquired Thereunder of the Visayan Electric Co., S.A., Granted Under Act Numbered Thirty-Four Hundred Ninety-Nine, to Operate, and Maintain an Electric Light, Heat and Power System in the City of Cebu and in the Municipalities of Talisay, Minglanilla, Naga, San Fernando, Mandawe, Consolacion, Liloan and Compostela, All in the Province of Cebu

In plain language

The Republic Act authorizes the sale, transfer, and conveyance of the franchise and all related properties and rights from Visayan Electric Co., S.A. to Visayan Electric Co., Inc., allowing the latter to operate and maintain an electric light, heat, and power system in Cebu City and specified municipalities.

Sale, transfer, and conveyance of franchise and related properties authorized

Transfer subject to provisions of Act 349

Act takes effect upon approval

Electricity

Franchise

Cebu

REPUBLIC ACT No. 3234

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

Section 1

The sale, transfer and conveyance to the Visayan Electric Co., Inc., of the franchise and all the properties and rights acquired thereunder of the Visayan Electric Co., S.A., granted under Act Numbered Thirty-four hundred ninety-nine, to operate and maintain an electric light, heat and power system in the City of Cebu and in the municipalities of Talisay, Minglanilla, Naga, San Fernando, Mandawe, Consolacion, Liloan, and Compostela, all in the Province of Cebu, is hereby authorized and approved. The Visayan Electric Co., Inc., shall, therefore, be subject to the provisions of said Act Numbered Thirty-four hundred ninety-nine.

Section 2

This Act shall take effect upon its approval.

Approved: June 17, 1961.

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.