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 Seagull Marine Communication Network Corp., hereunder referred to as the grantee, its successors or assigns, a franchise to construct, install, establish, operate and maintain for commercial purposes and in the public interest, public radiotelephone coastal stations for the transmission and reception of radiotelephone communications with vessels at sea within and outside the Philippines.