Republic Acts1 min read
Section 4Sec./Art. 4
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The grantee is hereby given the option to assign or transfer this franchise to a wholly owned subsidiary for purposes of complying with the enabling law that may hereafter be enacted requiring public ownership in accordance with the constitutional mandate of broadening the base of ownership of public utilities. In such a case, the subsidiary shall be entitled to the franchise as if the same was originally granted to it.
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