AN ACT AUTHORIZING THE SALE, TRANSFER AND CONVEYANCE TO THE ORMOC ELECTRIC COMPANY, INC., OF THE FRANCHISE, AND ALL THE PROPERTIES AND RIGHTS ACQUIRED THEREUNDER, OF THE ORMOC ELECTRIC COMPANY, GRANTED UNDER REPUBLIC ACT NUMBERED SEVEN HUNDRED SIXTY-NINE, AND FIXING THE FRANCHISE TAX TO BE PAID BY THE TRANSFEREE.