Section 29
SEC. 29. In case the construction of the railroad lines mentioned in section one of this Act is not begun within two years from the acceptance of this franchise, or in case, if such construction is begun within said period, it is not completed within five years from the date of said acceptance, this franchise shall be annulled, unless the grantee has been prevented by the act of God, disturbance of the order or force majeure, usurped or military power, martial law, riot, or civil commotion; but the annulment in case the construction has been begun within said period of two years, but not completed within the five years mentioned, shall affect only the part of said lines not constructed, so that this franchise shall continue in full force and effect with respect to the part of the said lines the construction whereof has been completed within said period of five years. In case of the annulment of this franchise with respect to any part of said lines, as herein before set forth, the deposit prescribed in section twenty-six of this Act shall be forfeited to the Government of the Philippine Islands, in proportion to the uncompleted part of the railroads, as provided in this section. The Secretary of Commerce and Communications, upon recommendation by the Public Utility Commission, made after hearing the grantee, his successors, or assigns, shall be empowered to declare, with the approval of the Governor-General, the annulment of this franchise and the forfeiture of the deposit, in accordance with the provisions of this section, and upon this declaration, the grantee, his successors or assigns shall be entitled to appeal to any court of competent jurisdiction for such remedy as they may see fit; but if they should fail to do so within two months from the date on which such declaration was made with the approval of the Governor-General, they shall be deemed to have waived said right and the annulment and forfeiture so declared shall thereupon become final.