Section 1
SECTION 1. Subject to the provisions of the Constitution and Act Numbered Three thousand eight hundred forty-six, as amended, the Rajah Broadcasting Network, Incorporated, is hereby granted a franchise, which shall continue in force for a period of twenty-five years from the approval of this Act, to construct, maintain and operate, for commercial purposes and in the public interest, radio broadcasting stations and stations for television in the Philippines, as well as radio stations for international and domestic communications of all types and services: Provided, That this franchise shall be void unless the construction of at least one radio broadcasting station or one television station or one radio station for international and domestic communications 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, stations for television and radio stations for international and domestic communications, to reach the population on important public issues; shall assist in the functions of public information and education; shall conform to the ethics of honest enterprise; and shall not use its stations for the broadcasting and/or telecasting of obscene or indecent language, speech, act or scene, 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 subversive or treasonable acts.