Sec. 78.29  License period.

    Licenses for CARS stations will be issued for a period not to exceed 
five (5) years. On and after February 1, 1966, licenses for CARS 
stations ordinarily will be issued for a period expiring on February 1, 
1971, and, when regularly renewed, at 5-year intervals thereafter. When 
a license is granted subsequent to the last renewal date for CARS 
stations, the license will be issued only for the unexpired period of 
the current license term of such stations. The license renewal date 
applicable to CARS stations may be varied as necessary to permit the 
orderly processing of renewal applications, and individual station 
licenses may be granted or renwed for a shorter period of time than that 
generally prescribed for CARS stations, if the Commission finds that the 
public interest, convenience, and necessity would be served by such 
action.