Section 1
Section 1. Subject to the terms and conditions prescribed in section fifteen of Act Numbered Thirty-six hundred and sixty-one, Mariano R. Lamson is hereby authorized to sell, lease, grant, convey, assign, give in usufruct, or transfer his franchise and all property and rights acquired thereunder in favor of the San Antonio Electric Company, Inc., a corporation regularly organized under the laws of the Philippine Islands and duly authorized to operate and maintain electric light, heat and power system. 1aшphi1