Section 8
SEC. 8. If the grantee does not file the proper application for a certificate 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 of public necessity and convenience: (1) His written acceptance of the terms and provisions of this Act; together with (2) His written acceptance of the terms and conditions of the first certificate of public 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 evidencing receipt of the deposit 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 construction, equipment, maintenance, or operation of the service as the public convenience and interests may reasonably require. If the grantee shall not commence the furnishing of electric current in the municipality referred to in any certificate of public necessity and convenience obtained and filed as herein provided within such period as the Public Service Commission or its legal successor shall have fixed, unless prevented by act of God or force majeure, usurped or military power, martial law, riot, civil commotion or other cause beyond his control, said Commission or its legal successor may in its discretion declare such certificate to be null and void, and the deposit made by the grantee as hereinafter provided in section nine forfeited to such municipality as liquidated damages and not as a penalty.