The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1853-03-08

nnrposss above mentioned ts property OF private ndi
aw icing PAD to the owners of tho land so taken
to take fs second part h. ss s
Lie domain, whatever material may be necessary for the
construction OF the road or its appurtenance or for
Article 7. The material mentioned in the foregoing
article may also be taken from the property of private
individuals by the said parties Of the second part but
they shall to the owners OF the same the indemnity
prescribed by law.
Article s. During the time that their contract shall be
in force the parties of the second part shall enjoy the
exclusive right of transportation the route Of com
municaton and may, In consequence exact toll duties
for transit and storage and other duties for
freghts of or costs OF transit in conformity
with the tariff that be approved Of by the govern
ment. The latter shall be able to exact imP0st
contribution of any kind neither the transit of
chandise on passengers the capital laid out
by the said parties of the second part but it doe,
itself the right which it BY virtue Of article 81
of the concocato, or summons The said article is
follows The government binds itself to impose
contribution or tax upon the road, merchandise
passengers passing the same upon the
invested in the same but 1t may impose additional
duty upon merchandise and passengers quota which
it shall not exceed by one rial the product Of the same
being applied in . WHOLE
Article o. The parties of the second part shall be able
70 import free OF duty the materials and tools
Tor the construction and preservation of the and its
appurtenanees, permit being first obtained from the
government, by means OF the Government ms oector
with list of the articles whose importation is contem
plated They the said partes) shall also DO free in
troduce under the same conditions, the articles which
are not to be obtained the Ithmus and VIII Oh may
be necessary for the maintenance and clothing of the
workmen and Others employed on the said road
Article IT, The liberty conceded TO the parties Of the
second part for the nsporaton OF shall
be subjected to the regulations provided by the
authorized open the sale thereof at
Article II. The supreme government shall open the
ports that be for the better service OF
road the only being that of Vera Cruz in the
Gulf of Mexico, and that of la yentosa in the Pacific
THIS latter port h be solely for the reciprocal transit
OF passengers and merchandise
Article ~ The privileges conceded by the government
shall be valid and for the exclusive benefit the parties
tract.
Article ls The government shall with all its power,
the work.
Article ID. security, satisfactory to the supreme
government for the fulfmen of this contract shall
given In the sum of three hundred thousand dollars
in ready money to be paid by the the
company such and on such terms as may be
provided BY the said supreme and
fifty THOUSAND dollars ESQ 000) to be paid monthly until
the completion of the total of six hundred
collars tO0OCO) The last mentioned three hundred
thousand dollars will carry interest be computed
at the the rate of six cent per bat this shall
not apply to the first three hundred thousand they
are to be paid without interest security tor the
present contract But both of the said Gums with the
three hundred thousand from the date of their respec
tive payments to the final extnguishment of the ca pta
and interest thereon, shall be paid the company
one half the first proceeds to which the spau
be entitled there being given to the said rpany for
its security BY the general treasury, certificates ooud
documents necessary for the said sum OF six hundred
thousand dollars (SeO0 OOO The stipuatons IN articles
fourteen anc fifteen of the corocdtora shall be
uAsy extended by the government in shpwreck
or other unavoidable accident
The articles above mentioned are to the following
tenor -
Article IA. guarantee satisfactory to tho government
shall be given the fuflment of the terms of the con
tract the amount of the same to be fixed at not
less than two hundred thousand dollars This shall
be insured by the depo ut of the money approved
iues OF Of mortgages other lawful security. The pacty
undertaking the work shall incur the penalty by the loss
Of the expenses already made of the materials and mps
ents introduced into the territory OF the republic and Of
the privileges conferred upon by the contract should
he not commence and complete the carriageway and
mence the railroad within the stipulated periods
Article Is. When the railroad shall have CON-
menced the deposit shall be returned 10 the emprsar
(party undertaking the work. or the obligation into
VIII ch he may have entered for the penalty liked upon
shall be cancelled but after having commenced he shall
not complete the same within the limited periods he will
incur the penalties expressed with the exception the
fBe and he shall only be entitled to be considered Is
partner or associate to the amount Of the value Of the
Iais trains cars, and other materials imported from
abroad provided always the original cost of the
with the expenses thereon exceed the of
thousand dollars for should it be less it viii also be
cluded ia the penalty
Article Is The parties of the second part engage to
convey to any point the line of the road
the correspondence which is to 60 the said road,
receiving and delivering the with the accustomed
formaltes. They shall likewise convey all goois aud
effects belonging 10 the government for oneourth part
charge Whatsoever. both going and coming the officers
troops employees or agents Of the general government
Of the States The metals and agricultural indus.
twenty five per cent less than the tariff prices.
Article le During period OF fifty years. commence
from the day on which the tariff mentioned in article
eight shall be put into execution tho goveroment Of
Mexico shall receive twenty of the proceeds
Of tho road during the whole Of this period all the pr
yeges contained In this contract shall be VI lid and ex
elusive and there shall be alteration made the same
by mutual consent At the close of period aore
said the government shall enter into full and absolute
possession Of the road with all its trains he latter
abe to at least Eve hundred passengers and thou
sand arods 25 lbs per day. with all the appurteuAnses
and the road 10 be delivered in perfectly good and
serviceabe condition. the rails, cars machines and
utensils to be at least Of half their original value without
including herein the vessels and steamers In order
to render the delivery of the road and
pressed in e foregoing clause nusatory the company
the completion Of the perioi Of the said Nifty years. ten
per cent Of the net proceeds belonging to it, which
government shall have received to its satisfaction every
thing contained in the foregoing clauses
Article H. It being matter Of primary importance
oation that there be lighthouse the extremties
Of the same and also At the Banoo de los acraaes and
another at the port Of Acapulco and it being also
sary the deyeopement OF the or the repub
lie and for the construction Of vessels that
the bar Of be removed and the bed said
river deepened there shall annually be laid aside by the
company for the furtheance Of these provemen by
such plans As government may approve Of, two and
half por cent of the ret proceeds Of the road until the
said improvements be completed As the light
houses ha be completed they shah belong exclusively
to the government
Article 49, The government and the company each one
for themselves shall be allowed to appoint inspectors
proportion TO the interest which they may respectively
represent, in order that they may watch inspect and
verify the accounts Of the road during the dua Of
the period Of this contract As the supreme
only represents oneffth part Of the total product its
will be fixed in accordance with the Oath
clause Of the co1ocdtorid. which provides that 1.-The
government shall be considered stockholder in the
proportion Of least third part Of the total Of the
stock Of the company"
Article 10. The company obges itself to the oh erva.
ton Of the restrictions hereinafter mentioned TO Wit
Firstly the company sha not be allowed Greet for
tIesses the sthIu to organize military forces Of
any kind, shall it grant passage TO any force
national foreign, without express authority that
effect from the government. secondly The company
shall admit within the grounds occupied BY it. for
the purposes mentioned in article persons than
sha be ssary for the transaction OF the business in
all ia branches Thirdly, The company shall immediate
ly discharge from s service any Of its employees who
may carry protect smuggling, commit any other
oence and sh Al, assist the government in apprehendng