Section 1
Section 1. Authority is hereby granted for the construction, maintenance, and operation of an electric light, heat, and power supply system in the city of Baguio, Philippine Islands, and the Governor-General is hereby authorized on behalf of the Government of the Philippine Islands to offer for public bidding the franchise set forth in this Act and to grant said franchise to the best bidder upon such terms as to percentage of gross earnings to be paid in lieu of taxes on the franchise or earnings thereof and the rates to be charged by the grantee of said franchise for his services to subscribers, and under, such conditions as to time of advertisement and manner of bidding as he may deem fit.