Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. Subject to the provisions of Republic Act Numbered Eighteen hundred forty, entitled "An Act to grant to Feliciana S. Bermudez a franchise for an electric light, heat and power system in the Municipality of Tupi, Province of Cotabato," approval is hereby given to any assignment, sale and transfer of the franchise granted to Feliciana S. Bermudez under the said Act, together with all the property and equipment acquired thereunder, in favor of Juan R. Alcasid.

SEC. 2. This Act shall take effect upon its approval.

Approved, June 19, 1965.