Commonwealth Act No. 488

 

 

AN ACT

AUTHORIZING ROMAN BALUYUT TO SELL, CONVEY, ASSIGN, OR OTHERWISE TRANSFER HIS FRANCHISE AND ALL PROPERTY AND RIGHTS ACQUIRED UNDER ACT NUMBERED THIRTY-EIGHT HUNDRED AND EIGHTY, IN FAVOR OF THE RIVERSIDE ELECTRIC COMPANY, INCORPORATED


Be it enacted by the National Assembly of the Philippines:

 

SECTION 1.  Subject to the terms and conditions presented in section fifteen of Act Numbered Thirty-six hundred and thirty-Six, as amended by Commonwealth Act Numbered One hundred and-thirty-two, and to the provisions of the Constitution, Roman Baluyut is authorized to sell, lease, convey, grant, assign, or otherwise transfer his franchise and all property and rights acquired under Act Numbered Thirty-eight hundred and eighty, in favor of the Riverside Electric Company, Incorporated, a domestic corporation duly organized and existing under and by virtue of the laws of the Philippines.

 

SEC. 2.  It is expressly provided that in the event the government should desire to maintain and operate for itself the plant and the enterprise herein authorized, the grantee shall surrender its franchise and will turn over to the government all-serviceable equipments, at cost.

 

SEC. 3.  This Act shall take effect on its approval.

 

Enacted, without Executive approval, June 18, 1939

 

What do you want to do now?

 

Go back to the Top; Go back to art’s home page; Laugh or Be Entertained; Destroy Cartels and Monopolies; Invest or Find a Job; Check Software or a Computer; Check out the latest News; Look for a School; Greet a Friend; Dip Into Black Gold and be Electrified; Express Yourself; Relive the Past; Get Involved in the Law. Government & Politics; Read Some Classics; Consult the laws of the Philippine Energy Sector; Philosophize; or Search.

 

This page is best viewed using Microsoft Internet Explorer 11.0.

 

Last revised:  February 07, 2016 10:53 PM.

 

Caveat EmptorOwners of the sites included herein do not explicitly endorse this page.

 

Comments, suggestions, objections, or violent reactions?

 

Let me know.