Nature and Scope of Franchise.
Section 1
SECTION 1. Nature and Scope of Franchise. – Subject to the provisions of the Philippine Constitution and applicable laws, rules and regulations, the franchise granted to Kalayaan Broadcasting System, Incorporated (KBSI), hereunder referred to as the grantee, its successors or assignees, under Republic Act No. 7303, as amended by Republic Act No. 8105, entitled "An Act Granting the Kalayaan Broadcasting System, Incorporated, a Franchise to Construct, Install, Operate and Maintain Radio Broadcasting Stations in the Island of Mindanao and for Other Purposes", to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, radio and/or television broadcasting stations, where frequencies and/or channels are still available for radio and/or television broadcasting, including digital television system, through microwave, satellite or whatever means, including the use of any new technologies in television and radio systems, with the corresponding technological auxiliaries and facilities, special broadcast and other program and distribution services and relay stations in the Island of Mindanao, is hereby renewed for another twenty-five (25) years from the effectivity of this Act.