Section 1Sec./Art. 1

Section 1 of Republic Act Numbered Seventy-three hundred and three is hereby amended to read as follows:

"Section 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 Kalayaan Broadcasting System, Incorporated, hereunder referred to as the grantee, its successors or assigns, a franchise to construct, install, operate and maintain for commercial purposes and in the public interest radio broadcasting and television stations in the island of Mindanao with the corresponding technological auxiliaries or facilities, special broadcast and other program and distribution services and relay stations, and to install radio communication and television facilities for the grantee's private use in its broadcast activities."