AN ACT TO AMEND SECTION EIGHT OF ACT NUMBERED THIRTY-FOUR HUNDRED AND NINETY-NINE, ENTITLED '"AN ACT GRANTING TO THE VISAYAN ELECTRIC COMPANY, S.A., A FRANCHISE TO INSTALL, OPERATE AND MAINTAIN AN ELECTRIC LIGHT, HEAT, AND POWER SYSTEM IN THE MUNICIPALITIES OF CEBU, TALISAY, MINGLANILLA, NAGA, SAN FERNANDO, MANDAWE, CONSOLACION, LILOAN, AND COMPOSTELA, ALL IN THE PROVINCE OF CEBU.

AN ACT AUTHORIZING THE SALE, TRANSFER AND CONVEYANCE TO THE VISAYAN ELECTRIC CO., INC., OF THE FRANCHISE AND ALL THE PROPERTIES AND RIGHTS ACQUIRED THEREUNDER OF THE VISAYAN ELECTRIC CO., S.A., GRANTED UNDER ACT NUMBERED THIRTY-FOUR HUNDRED NINETY-NINE, TO OPERATE, AND MAINTAIN AN ELECTRIC LIGHT, HEAT AND POWER SYSTEM IN THE CITY OF CEBU AND IN THE MUNICIPALITIES OF TALISAY, MINGLANILLA, NAGA, SAN FERNANDO, MANDAWE, CONSOLACION, LILOAN AND COMPOSTELA, ALL IN THE PROVINCE OF CEBU.