Acceptance and Compliance.
Section 7
SEC. 7. Acceptance and Compliance. - Acceptance of this franchise shall be given in writing to the Secretary of Transportation and Communications with a copy furnished to the Chairman of the National Telecommunications Commission within sixty (60) days after approval of this Act. The grantee shall construct, complete, and operate a television or radio station within two (2) years from the date of its acceptance in writing of this franchise, Refusal or failure to accept the franchise or to operate within the prescribed periods shall render the franchise void.