Nature and Scope of Franchise.
Section 1
SECTION 1. Nature and Scope of Franchise. - Subject to the provisions of the Constitution and applicable laws, rules and regulations, there is hereby granted to the Sorsogon Broadcasting Corporation, hereunder referred to as the grantee, its successors or assigns, a franchise to construct, install, operate and maintain for educational and commercial purposes and in the public interest radio and television broadcasting stations within the Bicol Region with the corresponding technological auxiliaries or facilities, special broadcast and other program, distribution services and relay stations.