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 Taxinet, Inc., hereunder referred to as the grantee, its successors or assigns, a franchise to construct, install, establish, maintain and operate for commercial purposes and in the public interest, a taxi communication monitoring system and use all the apparatus, conduits, appliances, receivers, transmitters, antennas, satellites and equipment necessary for the reception and transmission of telecommunications, conversations, messages, and signals with the corresponding technological auxiliaries, facilities, distribution or relay stations, throughout the Philippines.