Section 1. Subject to the conditions established in this Act and the provisions of Commonwealth Act Numbered One hundred and forty-six, as amended, and of the Constitution applicable thereto, there is hereby granted to Alfredo Angeles, hereinafter called the grantee, his successors or assigns, for a period of fifty years from the approval of this Act the right and privilege to construct, maintain, and operate in the Municipality of Pagadian, Province of Zamboanga del Sur, a telephone system to carry on the business of the electrical transmission of conversations and signals in said municipality. For this purpose, the grantee is hereby authorized to use all streets and public thoroughfares of the municipality for the construction, maintenance and operation of all apparatus, conductors, and appliances necessary for the electrical transmission of conversations and signals, to erect poles, string wires, build conduits, lay cables, and to construct, maintain and use such other approved and generally accepted means of electrical conduction in, on, over, or under the public roads, highways, lands, bridges, streets, lanes and sidewalks of said municipality, and overhead or underground lines or on the surface of the ground as may be necessary and best adapted to said transmission.