Section 1
SECTION 1. Subject to the provisions of the Constitution and to the terms and conditions established in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred thirty-two, there is granted to the Hidalgo Enterprises, Inc., a corporation duly organized and existing under the laws of the Republic of the Philippines, for a period of fifty years from the date of approval of this Act, the right, privilege and authority to construct, maintain and operate an electric light, heat and power system for the purpose of generating and or distributing electric light, heat and/or power for Sale within the Municipalities of Daet, Talisay, Basud, Paracale, Jose Panganiban and Capalonga, all in the Province of Camarines Norte. The grantee shall further have the right and privilege to install, lay and maintain all streets, public thoroughfares, bridges and public Places within said limits, poles, wires, transformers, capacitors, overhead protective devices, and pole line, hardware, and other equipment necessary for the safe distribution of electric current to the public.