Sale and franchise tax of Ormoc Electric Co.

Ask AI

Republic Act No. 3485: Sale and franchise tax of Ormoc Electric Co.

Getting related questions...
What do you want to know about the law?
Your conversations and searches stay on your device. We do not store or track your activity on our servers. To know more about our privacy commitment see jur.ph/privacy Ask AI provides quick answers grounded in full case texts to avoid mistakes. Always verify with the original text.

Ask AI

Title Supreme Court: Sale and franchise tax of Ormoc Electric Co.

Law: Republic Act No. 3485

Decision Date: Jun 16, 1962

Republic Act No. 3485 authorizes the transfer of franchise, properties, and rights from Ormoc Electric Company to Ormoc Electric Company, Inc., allowing the latter to operate and maintain an electric system in the City of Ormoc, subject to the payment of a franchise tax.

franchise

transfer of rights

electric system

END