An Act Granting Benjamin Cuaresma a Franchise to Install, Maintain and Operate an Electric Light, Heat and Power System in the Municipality of Bambang, in the Province of Nueva Vizcaya

REPUBLIC ACT No. 4022

An Act Granting Benjamin Cuaresma a Franchise to Install, Maintain and Operate an Electric Light, Heat and Power System in the Municipality of Bambang, in the Province of Nueva Vizcaya

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 and Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two, and to the provisions of the Constitution, there is granted to Benjamin Cuaresma 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 within the Municipality of Bambang, Province of Nueva Vizcaya.

Section 2. In the event that the grantee shall purchase and secure electric 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. This Act shall take effect upon its approval.

Approved: June 18, 1964.