Section 1
SECTION 1. Subject to the conditions established in this Act and the provisions of Act Numbered Twenty-three hundred and seven and amendments thereof, applicable thereto, there is hereby granted to the municipality of Guinobatan, Province of Albay, authority to acquire, construct, maintain, and operate on all the streets, public thoroughfares, and public places within the limits of the municipality mentioned, machinery, poles, wires, and all necessary appurtenances for the transmission of currents for electric power, heat, and light within said municipality of Guinobatan, Albay, for municipal, domestic, or industrial uses and for any other use to which electricity may be put, and to charge and collect a schedule of prices for the use of the same: Provided, That said prices shall be subject to rules provided by Act of the Philippine Legislature or by entities or authorities authorized by law, and shall in no case exceed thirty centavos per kilowatt: Provided, further, That this authority shall not take effect until the Municipality of Guinobatan shall have obtained from the Public Utility Commission or any other authority acting in its stead, a certificate showing- the public necessity and convenience of the same, in accordance with the purpose of section twenty-three of Act Numbered Twenty-three hundred and seven : And provided, further, That if the municipality of Guinobatan does not file the proper application with the Public Utility Commission within two years from the date of the approval of this Act, this authority shall become null and void.