Section 1
SECTION 1. Subject to the Provisions of the Constitution, the Allied Broadcasting Center is hereby granted a permit, which shall continue in force during the time that the Government has not established similar service at the places selected by the grantee, to construct, maintain and operate, a commercial purposes and in the public interest, radio broadcasting stations in the Philippines: Provided, That the permit shall be void unless the construction of at least one radio broadcasting station be begun within two years from the date of approval of this Act, and be completed within four years from said date. Provided, further, That the grantee shall provide adequate public service time to enable the Government through the said radio broadcasting stations to reach the population in important public issues; shall assist on the function of public information and education; shall conform to the ethics of honest enterprise and shall not use its station for the broadcasting of obscene or indecent language or speech, or for the dissemination of deliberately false information or willful misrepresentation or to the detriment of the public health or to incite, encourage or assist in subversion or treasonable acts.