"Section 1. There is hereby granted to the Mindanao Colleges, hereinafter referred to as the 'grantee', a temporary permit to construct, maintain and operate in the Philippines at such places as the said grantee may select, subject to the approval of the Secretary of Public Works and Communications, radio broadcasting stations for commercial and educational purposes."

"Sec. 2. This temporary permit shall continue to be in force during the time that the Government has not established similar services at the places selected by the grantee, and is made upon the express condition that the same shall be avoid unless the construction of said stations be begun within one and a half years from the approval of this amendatory Act."