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, there is hereby granted to Malindang Broadcasting Network Corporation, hereunder referred to as the grantee, its successors or assignees, a franchise to construct, install, establish, operate, and maintain for commercial purposes and in the public interest, radio and/or television broadcasting stations in Mindanao, where frequencies and/or channels are still available for radio and/or television broadcasting, including the use of any new technology in television and radio systems, with the corresponding technological auxiliaries and facilities, special braodcast and other program and distribution services and relay stations.