Section 5
SEC. 5. After grantee's compliance with the requirements of the next preceding section, the Public Service Commission or its legal successor, by proper order or writ, shall authorize the construction of necessary work for the purposes of this franchise within a reasonable time be determined by the said Commission. Upon determination by the Public Service Commission or its legal successor, after a reasonable written notice to the grantee and a hearing, that the grantee has violated any of the provision of this section as to the commencement and/or completion of work authorized by the certificate of convenience and public necessity, the said Commission or its legal successor shall declare the bond or bonds forfeited not as a penalty but as liquidated damages to the National Government. The said Commission or its legal successor shall order return of the deposit as aforestated, together with any work authorized by its certificate of convenience and public necessity, in accordance with the terms and conditions of said certificate, and the Treasurer of the Philippines shall return said deposit to the grantee together with said interest and/or dividends immediately upon presentation to him of a certified copy of .such order of the Public Service Commission or its legal successor.