Section 1
SECTION 1. Subject to the conditions imposed by this Act, there is granted to Rufino B. Carreon, hereinafter referred to as the grantee, a franchise to construct, operate and maintain an ice plant and cold storage in Barrio Talipapa, Novaliches Road, Quezon City, for the purpose of manufacturing and distributing ice and supplying cold storage therein and collect a schedule of prices and rates for the ice so furnished and storage service offered, which schedule of prices and rates shall at all times be subject to regulation by the Public Service Commission.