Section 20
SEC. 20. The grantee shall execute a bond of two thousand pesos in favor of the Philippine Government, in a form and with sureties satisfactory to the Secretary of Public Works and Communications, conditioned upon the establishment and operation of any of the lines to Zamboanga, Oriental Misamis and Davao which the grantee may decide to operate within one year from the acceptance of this franchise. If the grantee shall fail to execute such bond and commence operation on any of said lines within the term mentioned, the franchise shall be ipso facto cancelled as regards the line abandoned. After a year of satisfactory operation of a bonded line, the bond therefor shall be cancelled by the Secretary of Public Works and Communications.