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

SECTION 1. The second paragraph of Section one of Republic Act Numbered Thirty-one hundred and twelve is hereby amended to read as follows:

"Said grantee shall manufacture and supply ice not exceeding thirty tons daily."

SEC. 2. Section three of the same Act is amended to read as follows;

SEC. 3. This franchise is granted subject to the provisions of the Constitution, and of Commonwealth Act numbered One hundred forty-six, as amended, as far as rates are concerned: Provided, That after the Public Service Commission shall have authorized the rates that the grantee shall charge, the grantee shall be subject to inspection and supervision regarding the maintenance and operation of its plant by the Public Service Commission, which shall from time to time enforce its rules and regulations."

SEC. 3. Section five of the same Act is amended to read as follows:

"SEC. 5. The grantee, with the approval of the Congress of the Philippines first had, may sell, lease, grant, convey, assign, give in usufruct, or transfer this franchise an all property and rights acquired thereunder to any qualified individual, association or corporation competent to operate the business hereby authorized: Provided, That if Congress is not in session, proper application may also be made with the Public Service Commission, following the procedure and forms prescribed by the said Public Service Commission: Provided, further, That mortgages in favor of any government-owned or controlled financing institution or corporation may be made by the grantee without such express approval."

SEC. 4. The same Act is further amended by adding a new section thereto which shall read as follows:

"SEC. 6-a. The grantee, shall, within one hundred twenty days from the date of approval of this amendatory Act, file with Congress and the Public Service Commission its written acceptance of the terms and conditions of this Act."

Sec. 5. This Act shall take effect upon its approval.

Approved, June 22, 1963.