AN ACT GRANTING ISLAND TRANSPORT COMPANY, INCORPORATED, A FRANCHISE TO ESTABLISH, MAINTAIN AND OPERATE A FERRY SERVICE FOR PASSENGERS AND FREIGHT VEHICLES BETWEEN THE BARRIOS OF PAJO, LAPU-LAPU CITY, AND BANTAYAN SA HARI, BARRIO OF LO-OC, MUNICIPALITY OF MANDAWE, PROVINCE OF CEBU, AND BETWEEN OTHER VISAYAN FOCAL POINTS OF TRADE AND TRANSHIPMENT.