[ Act No. 2750, February 23, 1918 ]
AN ACT TO AMEND ACT NUMBERED TWENTY-SEVEN HUNDRED, ENTITLED "AN ACT GRANTING TO J. V. HOUSE A FRANCHISE TO INSTALL, OPERATE, AND MAINTAIN AN ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITY OF TACLOBAN, PROVINCE OF LEYTE, PHILIPPINE ISLANDS," EXTENDING THE TIME LIMITS SPECIFIED THEREIN.
Be it enacted by the Senate and House of Representatives of the Philippines in
Legislature assembled and by the authority of the same:
Section 1. Section eight of Act Numbered Twenty-seven hundred is hereby amended to read as follows:
"Section 8. Said grantee shall file his written acceptance of the conditions of this franchise with the Secretary of Commerce and Communications within ninety days after obtaining the certificate of the public necessity and convenience of this franchise hereinafter required of him, and shall commence work within twelve months' time from and after the date of filing such acceptance, unless prevented by act of God or force majeure, usurped or military power, martial law, riot, or civil commotion or other inevitable, cause and shall complete the system and have the same in operation within eighteen months from the date of such acceptance, and shall thereafter maintain a first-class electric light, heat, and power service; and in consideration of the franchise hereby granted the grantee shall allow the municipality a rebate of ten per centum on all current consumed and shall bind himself, further, to install all electric connections and wires for the lighting of the streets, markets, and all public places of said municipality, except the globes, which shall be furnished by the municipality, and shall pay quarterly into the treasury of Tacloban one-half of one per centum of the gross earnings of the enterprise during the first twenty years, and one and one-half per centum during the remaining thirty years of the life of this franchise: Provided, That this franchise shall not take effect until the grantee shall have obtained from the Public Utility Commission a certificate showing the public necessity and convenience of the same, in accordance with the purpose of section twenty-three of Act Numbered Twenty-three hundred and seven, as amended, and shall have filed such certificate with the Secretary of Commerce and Communications upon accepting this franchise: And provided, further, That if the grantee does not file the proper application for the certificate mentioned with the Public Utility Commission within three months' time, from and after February twenty-eighth, nineteen hundred and eighteen, this franchise shall become null and void.ℒαwρhi৷"
Section 2. This Act shall take effect on its approval.
Approved, February 23, 1918.
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