Question & AnswerQ&A (Republic Act No. 1975)
The purpose of Republic Act No. 1975 is to grant Amador Dayola and R. Mulet (partners) a franchise to construct, maintain, and operate an electric light, heat, and power system for generating and distributing electricity within the Municipality of Panabo, Province of Davao.
The grantees of the franchise under Republic Act No. 1975 are Amador Dayola and R. Mulet, acting as partners.
The franchise is granted for a period of twenty-five years from the approval of the Act.
The grantees are granted the right, privilege, and authority to construct, maintain, and operate an electric light, heat, and power plant for generating and distributing electric light, heat, and/or power for sale within the limits of the Municipality of Panabo.
The franchise must comply with the terms and conditions established in Act Numbered 3636, as amended by Commonwealth Act Numbered 132, and the provisions of the Philippine Constitution.
If the grantees purchase electric heat and power from the NPC, the NPC is authorized to negotiate and transact on behalf of the public consumers concerning the rates.
Section 3 provides that if the government desires to operate the plant and enterprise itself, the grantees shall surrender their franchise and turn over all serviceable equipment to the government at cost, less reasonable depreciation.
Republic Act Numbered Six hundred nineteen (RA 619) is expressly repealed by this Act.
The Act took effect upon its approval on June 22, 1957.
The approval date marks the start of the twenty-five-year franchise period granted to the grantees to operate the electric light, heat, and power system.