Section 12
SEC. 12. The grantee shall not require any previous censorship of any speech, play, or other matter to be broadcast from its station; but if any such speech, play, or other matter should constitute a violation of the law or infringement of a private right, the grantee shall be free from any liability, civil or criminal, for such speech, play, or other matter; Provided, That the, grantee, during any broadcast, may cut off from the air the speech, play, or other matter being broadcast if the tendency thereof is to propose and/or incite treason, rebellion or sedition, or the language used therein or the theme thereof is indecent or immoral, and willful failure to do so shall constitute valid cause for the cancellation of this franchise.