Section 19
SEC. 19. If the grantee hereunder, or his successors or assigns, fail to accept this franchise, or pay therefor the sum of one hundred thousand pesos, or make a deposit of fifty thousand pesos, as herein provided, or to construct and put in operation the gas system herein specified within the time required by this Act, the Governor-General, after a hearing duly had, is hereby authorized to declare all the rights in this franchise of the grantee, his successors or assigns, at an end and thereafter to offer for sale to the highest and best bidder a franchise containing substantially the terms and conditions hereof. At least three months' public notice of such sale shall be given and the right shall be reserved to reject any and all bids.