Franchise for Ice Storage in Mandaluyong, Rizal

The grantee has the discretion to produce additional ice and cold storage services according to the capacity it deems necessary to install.

All equipment and facilities must be modern, safe, and of first-class quality.
The grantee must comply with any directives from the Public Service Commission to change or alter apparatus if deemed necessary in the public interest.
Such changes are at the expense of the grantee.

The franchise is valid for 25 years from the date of approval.
Construction of additional ice and cold storage plants must commence within four years and be completed within six years from the date of approval.
Failure to adhere to these timelines results in the inability to operate the additional plants under this franchise.
Exceptions to these requirements include force majeure events such as acts of God, martial law, civil disturbances, or other causes beyond the grantee's control.

The grantee's books, records, and accounts must be open to inspection by the Provincial Treasurer of Rizal or authorized representatives.
The grantee must submit quarterly reports showing gross receipts to the Provincial Treasurer.
One copy of each report is forwarded to the Auditor General for filing.

The franchise is subject to Commonwealth Act No. 146, as amended, regarding rate fixing by the Public Service Commission.
The Congress of the Philippines retains the right to amend, alter, or repeal this franchise when public interest demands.

A franchise tax of five percent of the gross earnings under this franchise is payable by the grantee.
Three percent of the tax accrues to the National Government.
Two percent accrues to the municipality where the franchise operations are conducted.