[ REPUBLIC ACT NO. 3826, June 22, 1963 ]
AN ACT GRANTING THE ALGER ELECTRIC, INC., A FRANCHISE FOR AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE MUNICIPALITIES OF STO. TOMAS, DAMORTIS AND ROSARIO, PROVINCE OF LA UNION, AND SISON, PROVINCE OF PANGASINAN.
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
SECTION .1. Subject to the provisions of the Constitution and to the terms and conditions established in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, there is granted to the Alger Electric, Inc., a corporation duly organized and existing under the laws of the Republic of the Philippines, for a period of fifty years from the date of approval of this Act, the right, privilege and authority to construct, maintain and operate an electric light, heat and power system for the purpose of generating and/or distributing electric light, heat and/or power for sale within the municipalities of Sto. Tomas, Damortis and Rosario, Province of La Union, and Sison, Province of Pangasinan. The grantee shall further have the right and privilege to install, lay and maintain on all streets, public thoroughfares, bridges and public places within said limits, poles, wires, transformers, capacitors, overhead protective devices, and pole line hardware, and other equipment necessary for the safe distribution of electric current to the public.
SEC. 2. In the event that the National Power Corporation shall have established its lines in the areas adjacent to or over the territory covered by this franchise, the National Power Corporation may make available its power and heat only after negotiation with and through the Alger Electric Inc., or with the authority and consent of the grantee.
SEC. 3. The rates for the sale of electric light, heat and/or power shall always be subject to regulation by the Public Service Commission.
SEC. 4. In consideration of the franchise and rights hereby granted, the grantee shall pay a franchise tax equal to two per centum of the gross earnings for electric current sold under this franchise: Provided, That the said franchise tax of two per centum of the gross earnings shall be in lieu of all taxes and assessments of whatever authority upon privileges, earnings, income, franchise, and poles, wires, transformers, and insulators of the grantee, from which taxes and assessments the grantee is hereby expressly exempted.
SEC. 5. Upon approval of this Act, the municipal franchise granted to Gerarda Tabora shall terminate and this franchise shall take its place.
SEC. 6. This Act shall take effect upon its approval.
Approved, June 22, 1963.