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 Franciscan Broadcasting Corporation hereunder referred to as the grantee, its successors or assigns, a franchise to construct install, establish, operate and maintain for educational, religious, cultural and commercial purposes and in the public interest, radio stations anywhere in the Philippines where frequencies and/or channels are still available for radio broadcasting, with the corresponding technological auxiliaries or facilities, special broadcast and other program and distribution services and relay stations.