Section 1
SECTION 1. Subject to the terms and conditions established in this Act and in Commonwealth Act Numbered One hundred forty-six, as amended, and to the provisions of the Constitution, there is granted to Ernesto Malferrari for a period of twenty-five years from the approval of this Act, the right, privilege and authority to construct, maintain and operate an ice plant and cold storage in the City of Cagayan de Oro, for the purpose of manufacturing ice for distribution and sale, for supplying cold storage in the City of Cagayan de Oro and in the municipalities of Villanneva, Claveria, Jasaan, Molugan, Tagoloan, El Salvador and Alubijid, all in the Province of Misamis Oriental and to charge and collect a schedule of prices and rates therefor which schedule shall at all times be subject to regulation by the Public Service Commission or its legal successor.