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Republic Act
Approved June 19, 1965

Republic Act No. 4598

An act granting the v-m-c rural electric service cooperative, inc. a franchise for an electric light, heat and power system in the municipalities of manapla, victorias and cadiz, all in the province of negros occidental

An Act Granting the V-M-C Rural Electric Service Cooperative, Inc. a Franchise for an Electric Light, Heat and Power System in the Municipalities of Manapla, Victorias and Cadiz, All in the Province of Negros Occidental

In plain language

The Act grants V-M-C Rural Electric Service Cooperative, Inc. a 25‑year franchise to install, maintain and operate an electric light, heat and power system in the municipalities of Manapla, Victorias and Cadiz, excluding their town proper areas, within Negros Occidental. It also authorizes the National Power Corporation to negotiate rates if the cooperative purchases power, and requires the cooperative to surrender its franchise if the government takes over the system.

  • Granting a 25‑year franchise to V-M-C Rural Electric Service Cooperative, Inc. for electric light, heat and power system in Manapla, Victorias and Cadiz.
  • Authorizes NPC to negotiate rates if power is purchased by the cooperative.
  • Provides surrender of franchise if the government takes over the system.
  • Effective immediately upon approval.
Electricity
Cooperative
Franchise
Negros Occidental
Republic Act

REPUBLIC ACT No. 4598

An Act Granting the V-M-C Rural Electric Service Cooperative, Inc. a Franchise for an Electric Light, Heat and Power System in the Municipalities of Manapla, Victorias and Cadiz, All in the Province of Negros Occidental

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 V-M-C Rural Electric Service Cooperative, Inc., for a period of twenty-five years from the approval of this Act the right, privilege and authority to install, 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 to the public in all the barrios and rural areas in the Municipality of Victorias excluding the poblacion or town proper; in the Municipality of Manapla; and in all the barrios and rural areas in the Municipality of Cadiz excluding the poblacion or town proper, all in the Province of Negros Occidental.

Section 2

In the event that the grantee shall purchase and secure electric light, heat and power from the National Power Corporation, the latter 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 should the Government desire to maintain and operate for itself the system and enterprise herein authorized, the grantee shall surrender its franchise and 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, 1965.

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.