Republic Act No. 797

Explanation: This section grants Felipe Pica the right to develop and operate an electric light, heat, and power system within Capalonga, Camarines Norte, for a specified duration.
Key Definitions:
- Franchise: The right or privilege granted to operate a utility service.
- Electric Light, Heat, and Power System: Infrastructure for generating and distributing electrical services.
Requirements:
- Felipe Pica must comply with the terms set out in Act No. 3636, as amended by Commonwealth Act No. 132.
Timeframe:
- The franchise is granted for a period of twenty-five years from the approval date of the Act, June 21, 1952.
Consequences: None directly stated.

Explanation: This section outlines the conditions under which Felipe Pica must relinquish his franchise if the government wishes to operate the electric system.
Key Definitions:
- Grantee: Felipe Pica, the individual granted the franchise.
- Serviceable Equipment: Assets that are still usable at the time of surrender.
Requirements:
- Upon government interest to operate the system, the grantee must surrender the franchise.
- The grantee is required to turn over all serviceable equipment to the government.
Timeframe: Not specified, but the action is contingent upon government desire.
Consequences:
- The turnover of equipment must occur at cost, minus reasonable depreciation.

Republic Act No. 797 grants Felipe Pica a 25-year franchise to operate an electric utility in Capalonga, Camarines Norte.
The operation is subject to compliance with existing laws (Act No. 3636 and Commonwealth Act No. 132).
If the government opts to take over the utility, Felipe Pica must surrender his franchise and any usable equipment at a depreciated cost.
The Act is effective as of its approval date, June 21, 1952.