Section 1Sec./Art. 1

Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, there is hereby granted to the Beacon Communications Systems, Inc., its successors or assigns, hereunder referred to as the grantee, a franchise to construct, install, establish, operate and maintain for commercial purposes and in the public interest, radio broadcasting stations in the Philippines with the corresponding technological auxiliaries or facilities, special broadcast and other broadcast program and distribution services and relay stations, and to install radio communication facilities for the grantee's private use in its broadcast services.