Powers and General Functions of the Authority.
Section 2
SEC. 2. Powers and General Functions of the Authority.—The powers, functions and activities of the Cavite Electricity Distributing Authority shall be the following: To have the continuous succession under its corporate name until otherwise provided by law; To prescribe its by-laws; To adopt and use a seal and alter it at pleasure; To sue and be sued in court; To construct, maintain, and operate distribution lines for the purpose of supplying electric light, heat and/or power to the inhabitants of its zone, both for domestic and other purposes; regulate the control and use, and prevent the wastage and pilferage of electricity; to fix electric rates and provide for the collection of fees therefor; To acquire, purchase, hold, transfer, sell, lease, rent, mortgage, encumber, and otherwise dispose of real and personal property, including rights and franchises, within its jurisdiction, as authorized by the purposes for which the Authority was created and reasonably and necessarily required for the transaction of the lawful business of the same, unless otherwise provided in this Act; To underwrite, purchase, own, sell, mortgage or otherwise dispose of stocks, bonds, debentures, securities and other evidences of indebtedness issued for and in connection with its functions; To construct works across, or otherwise, any stream, watercourse, canal, ditch, flume, street, avenue, highway, or railway, as the location of said works may require: Provided, That such works be constructed in such manner as to afford security for life and property: And, provided, further, That the stream, watercourse, canal, ditch, flume, street, avenue, highway, or railway so crossed or intersected be restored to their former state as near as may be, or in a manner not to impair unnecessarily their usefulness. Every person or entity whose right of way is crossed or intersected by said works shall not obstruct the forming of such crossing or intersection and shall grant the Authority the proper authority, upon payment of just compensation, for the execution of such work. The Authority is hereby given the right of way to locate, construct and maintain such works over and through any of the lands which are now or may be the property of the Government of the Republic of the Philippines or any of its branches and political subdivisions; To exercise the right of eminent domain for the purpose for which the Authority was created, in the manner provided by law for condemnation proceedings by the national, provincial, and municipal governments; When essential to the proper administration of its corporate affairs or when necessary for the proper transaction of its business or for carrying out the purposes for which it was organized, to contract indebtedness and issue bonds, subject to the approval of the Provincial Governor of Cavite and the Secretary of Finance. The bonded indebtedness of the Authority, of all classes, shall not at any time exceed ten million pesos, and the issue thereof shall be subject to the conditions set forth in section five of this Act; To issue such regulations as may be necessary for the proper distribution of electric light, heat and/or power, and for the protection of its distribution systems, as soon as established, any violation of which shall be punished by a fine of not more than five hundred pesos or by imprisonment for not more than six months, or both such fine and imprisonment in .the discretion of the court; and To transact the business for which it was organized and do such things as may be reasonably necessary to carry out the purposes for which it was established.