Section 10
SEC. 10. The grantee may assign, transfer, or sell this franchise only after the approval of the Governor-General in writing has. Wen obtained: Provided, however, That in the case of the assignment, transfer, or sale to a railroad corporation as provided in this Act. such approval shall not be necessary. In any event, the limitation' assignment, transfer or sale shall be made only to a corporation organized under the laws of the Philippine Islands or of any State of the Knifed States of America.