Question & AnswerQ&A (Republic Act No. 4611)
The purpose is to grant Arsenio Garcia, Mateo Teves, and Ignacio Montenegro a franchise to construct, maintain, and operate an ice plant and cold storage in the Municipality of Bais, Province of Oriental Negros, and to sell ice and supply cold storage in the whole Province of Oriental Negros.
The franchise is granted for a period of twenty-five years from the approval of the Act.
The rates to be charged for ice and cold storage are subject to regulation by the Public Service Commission or its legal successor.
The grantees must manufacture and supply ice up to the limit of the capacity of their plant as determined by the Public Service Commission.
They must be modern, safe, and first class in every respect, and the grantees must change or alter any of them at their own expense if the Public Service Commission determines that public interest reasonably requires it.
The franchise becomes null and void unless the delay was due to an act of God or force majeure, martial law, riot, civil commotion, usurpation by military power, or other causes beyond the grantees' control.
Yes, the franchise is granted with the condition that it may be amended, altered, or repealed by the Congress of the Philippines when public interest so requires.
Yes, they must submit quarterly reports in duplicate showing gross receipts to the Auditor General or his authorized representatives.
Yes, the books, records, and accounts shall always be open to inspection by the Auditor General or his authorized representatives.
The more favorable terms in the competing franchise will ipso facto become a part of this franchise and operate equally in favor of the grantees.