Section 1Sec./Art. 1

Subject to the provisions of the Constitution, Act Numbered Thirty-eight hundred and forty-six, entitled "An Act Providing for the Regulation of Radio Stations and Communications in the Philippine Islands, and for Other Purposes," Act Numbered Thirty-nine hundred and ninety-seven known as the Radio Broadcasting Law, and Commonwealth Act Numbered One hundred and forty-six known as the Public Service Act, and their amendments, the Golden Broadcast Professional, Inc., hereinafter referred to as the "grantee," is hereby granted a franchise for a period of twenty-five (25) years from the approval of this Act, to construct, maintain and operate for commercial purposes and in the public interest, a station for FM radio and television broadcasting in the island of Mindanao, Republic of the Philippines, at such place as the grantee may select and the National Telecommunications Commission may approve.