Franchise for Bagatayam Electric Co. in Cebu

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Republic Act No. 458: Franchise for Bagatayam Electric Co. in Cebu

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Title Source: Supreme Court: Franchise for Bagatayam Electric Co. in Cebu

Law: Republic Act No. 458

Decision Date: Jun 8, 1950

Republic Act No. 458 grants Bagatayam Electric Co. a 25-year franchise to operate an electric plant in Sogod and Catmon, Cebu Province, with the requirement to start operations within 1.5 years or risk revocation, and the obligation to surrender the franchise and equipment to the government if taken over.

Compliance with Existing Laws and Constitutional Provisions

The grant is subject to compliance with Act No. 3636 and its amendments by Commonwealth Act No. 132.
The grant must also adhere to relevant provisions of the Constitution.

Government’s Right to Take Over the Plant

The Government reserves the right to operate the plant and enterprise itself.
In such event, the Bagatayam Electric Co. must surrender the franchise.
The company is required to turn over all serviceable equipment to the government at its cost.

Effectivity of the Act

The Act takes effect immediately upon its approval on June 8, 1950.

END