Section 1
Sec. 1. Subject to the terns and conditions presented in section fifteen of Act Numbered Thirty-six hundred and thirty-Six, as amended-by "Commonwealth Act Numbered One hundred and-thirty-two, and to the provisions of the Constitution, Roman Baluyut is authorized to sell, lease, convey, grant, assign, or otherwise transfer his franchise and all property and rights acquired under Act Numbered Thirty-eight hundred and eighty, in favor of the Riverside Electric Company, In-corporated, a domestic corporation duly organized and existing under and by virtue of the. laws of the Philippines.