SECTION 1. Section one of Republic Act Numbered Five hundred fourteen is amended to read as follows:
"SECTION 1. There is hereby granted to the Mindanao Colleges, hereinafter referred to as the 'grantee,' a temporary permit to construct, maintain and operate in the Philippines at such places as the said grantee may select, subject to the approval of the Secretary of Public Works and Communications, radio broadcasting stations for commercial and educational purposes."