[ REPUBLIC ACT NO. 6120, August 04, 1969 ]
AN ACT GRANTING PANGI SANGKI A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM AND AN ICE PLANT AND COLD STORAGE IN THE MUNICIPALITY OF AMPATUAN, PROVINCE OF COTABATO
Be it enacted by the Senate avid House of Representatives of the Philippines in Congress assembled:
Section 1. Subject to the terms and conditions established in this Act and in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred forty-six, as amended, and to the provisions of the Constitution, there is hereby granted to Pangi Sangki, hereinafter called the grantee, his successors or assigns, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to install, operate and maintain an electric light, heat and power system and a twenty-ton ice plant and cold storage in the Municipality of Ampatuan, Province of Cotabato, for the purpose of generating and distributing electric light, heat and power and ice for sale in the said municipality and to charge and collect a schedule of prices and rates for the ice and cold storage so furnished, which schedule of prices and rates shall at all times be subject to regulation by the Public Service Commission.
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. Said grantee shall manufacture and supply ice up to the limit of the capacity of his plant, said limit to be determined by the Public Service Commission.
Section 3. All the apparatus and appurtenances to be used by the grantee shall be modern, safe and first class in every respect, and the grantee shall, whenever the Public Service Commission shall determine that public interest reasonably requires it, change or alter any of the apparatus and appurtenances at grantee's expense.
Section 4. It is expressly provided that, in the event that the Government decides to maintain and operate for itself the systems and enterprises herein authorized, the grantee shall surrender his franchise and turn over to the Government all serviceable equipment therein, at cost, less reasonable depreciation.
Section 5. If the grantee shall not commence the manufacture and distribution of ice in said town and surrounding towns within five years from the approval of this Act, unless prevented by an act of God or force majeure, martial law, riot, civil commotion, usurpation by a military power or any other cause beyond the grantee's control, this franchise shall become null and void.
Section 6. This franchise is granted subject to the provisions of Commonwealth Act Numbered One hundred forty-six, as amended and with the understanding and upon condition that it shall be subject to amendment, alteration, or repeal by the Congress of the Philippines when the public interest so requires.
Section 7. The books, records and accounts of the grantee shall always be open to the inspection by the Auditor General or his authorized representatives, and it shall be the duty of the grantee to submit to the Auditor General quarterly reports in duplicate showing the gross receipts for the quarter past.
Section 8. In consideration of this franchise the grantee shall pay a tax equivalent to five per cent of his gross income.1a⍵⍴h!1
Section 9. This Act shall take effect upon its approval.
Enacted without Executive approval, August 4, 1969.
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