Section 6
SEC. 6. The grantee, its successors or assigns, shall deposit with the Treasurer of the Philippines one thousand pesos, or negotiable bonds of the Government of the Philippines or other securities approved by the Secretary of Public Works and Communications of the face value of one thousand pesos, as an earnest of good faith in accepting this franchise and a guaranty that, within the period determined by the Public Service Commission, the grantee, its successors or assigns, shall commence construction, maintenance and installation of the telephone communication system under this franchise. If the deposit is made in money the same shall be deposited at interest in some interest-paying bank approved by the Secretary of Public Works and Communications, and all interest accruing and due on such deposit shall be payable to the grantee, its successors or assigns, on demand. The grantee shall furnish the Public Service Commission with necessary document evidencing the fact that the deposit herein required has been made. Should the said grantee, its successors or assigns, for any other cause than an act of God, public enemy, usurpation by military power, martial law, riot, civil commotion or other justifiable causes, fail, refuse or neglect to begin, within the period determined by the Public Service Commission, the operation of the telephone service under this franchise in the Municipality of Olongapo, Province of Zambales, then the deposit made under this section shall become the property of the National Government as liquidated damages caused to the Government by such failure, refusal or neglect, and thereafter no interest on said deposit shall be paid to the grantee, its successors or assigns; otherwise, the said deposit shall be returned by the National Government to the grantee, its successors or assigns, upon the recommendation of the Public Service Commission, as soon as the telephone service has been installed and readied for operation in accordance with the terms of this franchise: Provided, however, That all the time which the grantee, its successors or assigns, may be prevented from carrying out the terms and conditions of this franchise by any of the causes hereinabove mentioned shall be excluded in the counting of the period allowed by this franchise for compliance with its provisions.