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