Republic Act No. 5157

: The main purpose of Republic Act No. 5157 is to grant Ursula Albarillo a franchise to construct, maintain, and operate an ice plant and cold storage facility in the Municipality of Calasiao, Province of Pangasinan for manufacturing ice for distribution, sale, and supplying cold storage.
: The franchise is granted for a period of twenty-five years from the approval of the Act.
: The Public Service Commission or its legal successor regulates the schedule of prices and rates for ice and cold storage services.
: The grantee must change or alter any apparatus and appurtenances at her own expense if the Public Service Commission determines that public interest reasonably requires it.
: If construction does not commence within one year unless prevented by force majeure or other uncontrollable causes, the franchise shall become null and void.
: Yes, Congress can amend, alter, or repeal the franchise if the public interest so requires.
: Yes, the books, records, and accounts of the grantee are open to inspection by the Auditor General or authorized representatives.
: The grantee must submit quarterly reports in duplicate showing gross receipts for the past quarter to the Auditor General.
: Any more favorable terms granted to a competing franchise automatically become part of this franchise and operate equally in favor of the grantee.
: The Act took effect upon its approval on June 17, 1967, without the Executive's approval.