Section 26
SEC. 26. Within one hundred and twenty days from the date of the acceptance of the privilege granted by this Act, the grantee shall deposit in the office of the Insular Treasurer at Manila a sum equal to fifty pesos, Philippine currency per kilometer of the concession. This deposit shall be returned in proportion as the work is completed in sections of not less than twenty kilometers. The grantee shall forfeit said deposit if two years elapse without the work on the railroad having been begun, or over five after such work has begun, without its being completed. The forfeiture of this bond shall not take place if the beginning or completion of the work has been hindered totally or partially by act of God or force majeure, disturbance of the order, usurped or military power, martial law, riot or civil commotion. The Secretary of Commerce and Communications, upon the recommendation of the Public Utility Commission made after hearing the grantee, its successors or asigns, shall be empowered, with the approval of the Governor-General, to declare this franchise annulled and the deposit made under this section forfeited, and against this declaration the grantee, its 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, they shall be deemed to have waived said right and the annulment and forfeiture so declared shall thereupon become final.