Section 1
Section 1. The transfer to the "Philippine Airlines, Incorporated," of the franchise of the "Philippine Aerial Taxi Company, Incorporated," granted under Act Numbered Forty-two hundred seventy-one, to operate an aerial transportation service in the Philippines, is authorized. ℒαwρhi৷ The "Philippine Airlines, Incorporated" shall therefore be subject to the provisions of said Act and its amendments, under section one thereof, insofar as the franchise is concerned.