Question & AnswerQ&A (Republic Act No. 625)
The main purpose of Republic Act No. 625 is to grant Nicolas Limcaoco a franchise to construct, maintain, and operate an electric light, heat, and power system for generating and distributing electric light, heat, and/or power for sale to the public in certain barrios of Cabuyao, Laguna.
Nicolas Limcaoco of Cabuyao, Laguna is granted the franchise under this act.
The franchise covers the barrios of Marinig, Mamatid, Gulod, and Banlik in the municipality of Cabuyao, Province of Laguna.
The franchise is granted for a period of twenty-five years from the approval of the Act.
The franchise grants Nicolas Limcaoco the right, privilege, and authority to construct, maintain, and operate an electric light, heat, and power system for generating and distributing electric light, heat, and/or power for sale to the public within the specified barrios.
These Acts establish terms and conditions that govern the franchise granted under Republic Act No. 625, ensuring the franchisee complies with existing regulatory frameworks and constitutional provisions.
If the government desires to operate the plant itself, the franchisee must surrender his franchise and turn over all serviceable equipment at cost, less reasonable depreciation.
It entails that Nicolas Limcaoco will cease operation of the franchise and transfer physically all functional equipment to the government at the original cost minus reasonable depreciation.
The Act took effect upon its approval on June 5, 1951.
The franchise is granted subject to the provisions of the Constitution, indicating compliance with constitutional limits and safeguards regarding public utilities.