SECTION 1. Section one of Republic Act Numbered Forty-four hundred thirty-seven is hereby amended to read as follows:
"SECTION 1. Subject to the provisions of the Constitution as well as of Act Numbered Thirty-eight hundred and forty-six, entitled "An Act providing for the regulation of stations and radio communications in the Philippine Islands, and for other purposes;" Act Numbered Thirty-hundred and ninety-seven, known as the Radio Broadcasting Law; Commonwealth Act Numbered One hundred and forty-six, known as the Public Service Act, and their amendments and other applicable laws, Batac Consolidated Facoma, Inc. is hereby granted a permit to construct, maintain, and operate, for commercial purposes and in the public interest, to cover Northern Luzon areas a radio-television station in the Municipality of Batac, Province of Ilocos Norte: Provided, That this permit shall be void unless the construction of said radio-television station is begun within two years from approval of this amendatory Act: Provided, further, That the grantee shall provide adequate public service time to enable the Government, through the station herein authorized, to reach the population on important issues; shall assist in the functions of public information and education; shall conform to the ethics of honest enterprise ; and shall not use such said station for broadcasting, dissemination of deliberately false information or willful misrepresentation, or to the detriment of the public health, or to incite, encourage or assist in subversive or treasonable acts."