Section 1
SECTION 1. Subject to the provisions of the Constitution, and the provisions of Act Numbered Three thousand eight hundred and forty-six, entitled "An Act providing for the regulation of radio stations and radio communications in the Philippine Islands, and for other purposes"; Commonwealth Act Numbered One hundred forty-six, known as the Public Service Act, and their respective amendments, and other applicable laws, there is hereby granted to Bicol Telephone and Telegraph Incorporated, hereinafter referred to as the "grantee" a franchise to establish, install, operate and maintain in the provinces of Albay and Sorsogon, public telephone system for domestic services with the authority to receive and transmit messages, impressions, by means of electricity, electromagnet waves or any other kind of energy force, variations or impulses howsoever conveyed, transmitted or radiated through other medium and to communicate from within the grantee's station or stations which right and privileges shall continue to be in force during the time that the Government has not established similar services at the places selected by the grantee, but shall not exceed twenty-five years from the date of the approval of this Act and for such purposes and to charge and to receive compensation therefor by tolls, and charges.