An Act Approving Any Assignment, Sale and Transfer of the Franchise Granted to Jose Catolico by Republic Act Numbered Four Hundred and Sixty-Six in Favor of "Jose Catolico Electric Light and Power Co., Inc."
Year:
1954
Category:
Other
Date Approved:
June 15, 1954
Summary
Plain-language AI-assisted summary — not the official text. As of July 1, 2026. Read the full text below or on the official source.
This Act approves the assignment, sale, and transfer of the franchise granted to Jose Catolico under a previous Republic Act. It allows for the transfer of all property and equipment associated with the franchise to the Jose Catolico Electric Light and Power Plant Co., Inc.Full Text
REPUBLIC ACT No. 1118
An Act Approving Any Assignment, Sale and Transfer of the Franchise Granted to Jose Catolico by Republic Act Numbered Four Hundred and Sixty-Six in Favor of "Jose Catolico Electric Light and Power Co., Inc."
Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:
Section 1. Subject to the provisions of Republic Act Numbered Four hundred and sixty-six, entitled "An Act granting Jose Catolico a franchise for an electric light, heat and power system in the municipality of Buayan, Province of Cotabato," approval is hereby given to any assignment, sale and transfer of the franchise granted to Jose Catolico under the said Act, together with all the property and equipment acquired thereunder, in favor of "Jose Catolico Electric Light and Power Plant Co., Inc."
Section 2. This Act shall take effect upon its approval.
Approved: June 15, 1954.
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Republic Acts are laws passed by the Congress of the Philippines. This content is sourced from LawPhil (lawphil.net) for reference purposes. For official and authoritative texts, please refer to the Official Gazette.