Republic Act No. 4443

An Act Granting Jose Dyogi a Franchise to Install, Operate and Maintain an Electric Light, Heat and Power System, and an Ice Plant in the Municipality of Kabasalan, Province of Zamboanga del Sur

Be it enacted by the Senate and House of Representatives of the Philippine Congress Assembled:

Section 1

Subject to the provisions of the Constitution and 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 Jose Dyogi, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to construct, operate and maintain an electric light, heat and power system, and an ice plant for the purpose of generating and distributing electric light, heat and/or power, and for manufacturing ice for sale within the Municipality of Kabasalan, Province of Zamboanga del Sur.

Section 2

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

Section 3

In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to five per centum of the gross earnings under this franchise, three per centum of which shall accrue to the National Government and two per centum to the municipality where the franchise is being operated.

Section 4

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

Section 5

This Act shall take effect upon its approval.

Approved: June 19, 1965.