Full Title
AN ACT TO AMEND SECTION ONE OF COMMONWEALTH ACT NUMBERED ONE HUNDRED TWENTY FIXING THE PERIOD OF EXISTENCE OF THE NATIONAL POWER CORPORATION.
Senate Bill No.
S. No. 256
Date of Approval
June 13, 1958

Other Details

Issuance Category
Legislative Issuance Type
Bill Note
Major Topic
Amends Note
Commonwealth Act 120

Official Gazette

Official Gazette Source
Official Gazette vol. 54 no. 14 page 4221 (July 14, 1958)

Full Text of Issuance

S. No. 256 / 54 OG No. 14, 4221 (July 14, 1958)

[ REPUBLIC ACT NO. 2058, June 13, 1958 ]

AN ACT TO AMEND SECTION ONE OF COMMONWEALTH ACT NUMBERED ONE HUNDRED TWENTY FIXING THE PERIOD OF EXISTENCE OF THE NATIONAL POWER CORPORATION.

Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:SECTION 1. Section one of Commonwealth Act Numbered One hundred twenty is amended so as to read as follows:

"SECTION 1. For the purpose of undertaking the development of water for hydroelectric power and the production of power from other sources and for other purposes specified in this Act, there is hereby created a public Corporation which shall be known as the 'National Power Corporation', and which shall exist until December thirty-one, twenty hundred. Unless its corporate life is extended anew, the corporation shall continue thereafter as a corporate body for such time as may be necessary for the purpose of liquidation. The words 'Corporation' and 'Board' appearing in this Act shall respectively refer to the National Power Corporation and the National Board, hereinafter created."

SEC. 2. All laws or provisions of laws and executive orders contrary to this Act are hereby repealed.SEC. 3. This Act shall take effect upon its approval.Approved, June 13, 1958.

Source: Supreme Court E-Library