Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:

SECTION 1. The term of the franchise granted under Republic Act Numbered Four hundred sixty-six, and later transferred by authority of Republic Act Numbered One thousand one hundred and eighteen, is hereby extended for another twenty-five years from the date of the expiration of the said franchise.

SEC. 2. This Act shall take effect upon its approval.

Enacted without Executive approval, June 21, 1969.