AN ACT AMENDING AND REPEALING CERTAIN SECTIONS OF REPUBLIC ACT NUMBERED TWENTY-NINE HUNDRED EIGHTY-THREE, ENTITLED "AN ACT GRANTING MR. CONSTANTE IBAVIOSA A FRANCHISE TO CONSTRUCT, OPERATE AND MAINTAIN AN ICE PLANT AND COLD STORAGE IN THE CITY OF MANILA AND SUBURBS, AND TO SELL ICE AND TO SUPPLY COLD STORAGE THEREIN."

• Number: Republic Act No. 3264
• Sections: 5

Section 1

SECTION 1. Section two of Republic Act Numbered Twenty-nine hundred eighty-three is hereby amended to read as follows:

"SEC 2. The grantee shall manufacture and supply ice up to the limit of the capacity of his plant."

Section 2

SEC. 2. Section four of the same Act is hereby amended to read as follows:

"SEC. 4. This franchise shall continue for a period of fifty years from the date said plant and cold storage shall be placed in operation and/or shall commence the manufacture and distribution of ice in the City of, Manila and suburbs, and is made subject to the express condition that the same shall be null and void unless the construction of said plant and cold storage be begun within four years from the date of approval of this Act and completed within six years from said date, except when prevented by an act of God, or force majeure, martial law, riot, civil commotion, usurpation of military power or any other cause beyond the grantee's control."

Section 3

SEC. 3. Sections five, seven, and eight of the same Act are hereby repealed.

Section 4

SEC. 4. Section nine of the same Act is hereby amended to read as follows:

"SEC, 9. This franchise is granted subject to the provisions of Commonwealth Act Numbered One hundred forty-six, as amended, only with respect to the fixing of rates and with the understanding and upon the condition that it shall be subject to amendment, alteration or repeal by the Congress of the Philippines when public interests so requires."

Section 5

SEC 5. This Act shall take effect upon its approval.

Approved, June 17, 1961.