Section 1
SECTION 1. Section eight of Act Numbered Twenty-six hundred and forty-four is hereby amended to read as follows: "SEC. 8. Said grantee shall file his acceptance of this franchise with the Secretary of Commerce and Communications, within eighteen months after the passage of this Act and shall commence work within at least twenty-four months' time from and after the date of filing such acceptance, unless prevented from so doing by fortuitous cause or force majeure, usurped or military power, martial law, riot, civil commotion, or other inevitable cause, and have the same in operation within five years from the date of such acceptance and shall thereafter maintain a first-class electric light, heat, and power service: Provided, That in consideration of the franchise hereby granted, the grantee, his successors or assigns, shall pay quarterly into the treasury of Tabaco one per centum of the gross earnings of the enterprise during the first twenty years, and two per centum during the remaining thirty years of the life of this franchise."