Section 1
SECTION 1. Subject to the terms and conditions established in this Act and in Act Numbered Thirty-six hundred thirty-six, as amended by Commonwealth Act Numbered One hundred and thirty-two and to the provisions of the Constitution, there is granted to Felireo Palafox and Julio Benemerito, for a period of twenty-five years from the approval of this Act, the right, privilege and authority to construct, operate and maintain an ice plant and cold storage in the Municipality of Pasuquin, Province of Ilocos Norte, and to sell and distribute ice and supply cold storage in the municipalities of Pasuquin , Bacarra and Vintar, Province of Ilocos Norte, and to charge and collect a schedule of prices and rates for the ice and cold storage so furnished which schedule of prices and rates shall at all times be subject to regulation by the Public Service Commission.