Republic Act No. 3215

Section 1

Subject to the provisions of the Constitution and to the terms and conditions established in Act Numbered Thirty-six hundred and thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two, there is granted to the spouses Jose S. Recto and Bernardita Domingo, for a period of fifty years from the approval of this Act, the right, privilege and authority to establish, operate and maintain an electric light, heat and power system for the purpose of generating and distributing electric light, heat and/or power for sale within the municipalities of Bayambang and Bautista, Province of Pangasinan.

Section 2

In the event that the grantee shall purchase and secure from the National Power Corporation electric heat and power, the National Power Corporation is hereby authorized to negotiate and transact for the benefit and in behalf of the public consumers with reference to rates.

Section 3

It is expressly provided that in the event the Government should desire to operate and maintain for itself the system and enterprise herein authorized, the grantee shall surrender this franchise and will turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.

Section 4

This Act shall take effect upon its approval.

Approved: June 17, 1961