Section 8
SEC. 8. If the grantee does not file the proper application for a certificate or certificates of public necessity and convenience with the Public Service Commission or its legal successor, within ninety days from the date of approval of this Act, this franchise shall become null and void. The grantee shall not exercise any rights or privileges under this franchise nor commence any construction thereunder unless and until the grantee shall first file with the Public Service Commission, or its legal successor, within one hundred and twenty days from the date of issuance by the Public Service Commission of the said first certificate or certificates of public necessity and convenience: (1) Its written acceptance of the terms and provisions of this Act; together with (2) Its written acceptance of the term and conditions of the first certificate or certificates of necessity and convenience issued by the Public Service Commission, or its legal successor, of the form and character provided for in Act Numbered Three thousand one hundred and eight, as amended, specially authorizing said construction; together with (3) A document or documents evidencing receipt of the deposit or deposits required by section nine of this Act by the Insular Treasurer. The Public Service Commission or its legal successor shall have power to issue certificates of public necessity and convenience whenever it shall, after due hearing, determine that such construction or the exercise of the rights or privileges under this franchise is necessary and proper for the public convenience and properly conserves the public interest, and the Commission or its legal successor shall have the power in so acting to impose all such conditions as to construction, equipment, maintenance or operation of the service as the public convenience and interest may reasonably require. If the grantee shall not commence the furnishing of electric current in any municipality or municipalities referred to in any certificate or certificates of public necessity and convenience obtained and filed as herein provided within such period as the Public Service Commission or its legal successor have fixed, unless prevented by act of God or force majeure, usurped or military power, martial law, riot, civil commotion, or other cause beyond its control, said Commission or its legal successor may in its discretion declare such certificate or certificates to be null and void, and the deposit or deposits made by the grantee as hereinafter provided in section nine forfeited to such municipality as liquidated damages and not as a penalty.