Section 9
SEC. 9. The grantee shall be required by the Public Service Commission, for each certificate of public necessity and convenience obtained by its subsequent to the date of this Act, to make within such period as the said Commission, shall fix a deposit of not less than ten thousand pesos, Philippine currency or negotiable bonds of the Government of the Philippines, or other securities approved by the Public Service Commission, shall and terminate the necessary work and shall be provided with all the equipment necessary to commence furnishing telephone service in the corresponding city, and/or municipal district. The Public Service Commission shall order the return of the deposit hereby required to the grantee upon the termination of the work for the furnishing of telephone service in accordance with the terms and conditions of the certificate obtained. The Treasurer of the Philippines shall return said deposit immediately upon presentation to him of a certified copy of the order of the Public Service Commission.