Section 1
SECTION 1. Section one of Republic Act Numbered Twenty-three hundred eighty-four is hereby amended to read as follows: "SECTION 1. Subject to the terms and conditions established in this Act there is granted to Dancar EIectric and Ice Company, hereinafter called the grantee, for a period of forty-five years from the approval of this Act, the right, privilege and authority to construct, maintain and operate an electric light, heat and power system for the purpose of generating and distributing electric light, heat, and/or power for sale within the Municipalities of Danao, Carmen and Catmon, all in the Province of Cebu, and to construct, operate and maintain an ice plant in the Municipality of Danao, for the purpose of manufacturing and distributing ice in the Cities of Cebu and Toledo and in the whole Province of Cebu, except the municipalities comprised in the Fourth Representative District of Cebu, and to construct, operate and maintain cold storage in the Municipality of Danao, in the Cities of Cebu and Toledo, and in the other municipalities in the Province of Cebu, except the municipalities comprised in the Fourth Representative District of Cebu, for the purpose of supplying cold storage therein and to charge and collect a schedule of prices and rates for the ice and cold storage so furnished, which schedule of prices and rates shall at all times be subject to regulation by the Public Service Commission."