The New York herald., 1871-01-08
THE TENJANTEpIC SHIP CANAL.
Synopsis Of the Concession by the Mexican
Government for Ship Canal Across
the Isthmus Of Tehuantepic.
Cry OF MEXICO, Dec. 20. 1870.

The following is an epitome OF the ship canal con-
cession, which passed the Mexican Congress on the
18th OF December and has now become a laws
ARTICLE l. Authorizes tie Tehuantepec Railway
Company to construct ship canal and It's appurte-
nances. In addition to It's railway, across the
Isthmus OF Tehuantepec to connect the waters OF
the Gulf OF Mexico with the Pacific Ocean. The
canal is to be Of o aepth sufficient to pass skips
drawing nineteen feet of water, and the concession
is for nlnety-ninc years; the Mexican government
to protect the execution preservation anf securty
Of the work
ART. 3 Explorations and surveys to be completed
within three years. and plans and profiles TO be sub.
mitted 60 the President OF Mexico for approval.
work on the canal 10 be commenced within one
year alter the plans are approved.
AIT. 9. Requires bond from the company in the
sum oI $4,000 that plans snail be presented within
three years
ART. 4. The obligations OF the company to do the
work required may be suspended by fortuitous
Provision Is made for the proper notices to be
given the government Of the removal OF the mpedi-
nents ana the recommencement OF the WORKS.
ART. 5. Right OF WY free ana one-half OF the pub
lie lands within i've miles on each side or the canal
In ana OF it construction.
ART. &. May take private lands for use OF company
whenever necessary by indemuuylng the owners
according 10 law. blt my Lake public lands and
material GRATIS.
ART. Z. during the construction OF the canal the
company may import on tie isthmus the materials,
machinery, tools, coal, carriages and other useful
arcles duty free, ana alter Che canal Is completed
the company may import, duty free, for ninety-nine
years the machinery and hard Goals that it may
quire.
Arr. 8. For ninety.nne years the Mexican gov
'ernment wll exact no contribution for transit
through the canal, nor on tie capital invested
therein; after thai time the works become The
property OF the government.
Arr. 8. Aher twenty years the government win
be entitled to twenty per cent OF the net profits
when dividends are paid to stockholders.
Arr. 10. Tariff and regulations governing the
OF the canal ard othef works to be made by the
company and submitted to the President OF MEXICO
for his approval.
ART. ii. The company to build two lighthouses
one on each coast, which are to become the prop.
erty OF the government.
AkI. IL. The transit through the canal shall be
free 10 all the innabrants OF the globe. All nations
may nse It In time OF peace Tor transportation Of
their troops, munitions ana vessels OF war but its
entrance shall be vigorously closed to troops. NUM-
tcns and vessels Of war belonging TO nations which
may be at war with one another or with others.
The canal shall be neutral and open to all nations
at eace with the Republic Of Mexico; but the tran
SIT and other dues shall be increased twenty-five per
cent on vessels ana merchandise belonging to ma
uons having no treaty OF neutrality with Mexico
with respect to the transit by the canal.
ART i3. the direction and management OF the
canal shall belong 10 the company, bur the govern
ment reserves the right to appoint onefourth OF the
NUMBER OF directors, who shall have the same pre-
negatives as those elected by the stockholders.
: The company SHAH make an annual report to the
President OF Mexico.
ART. IA. The company, though formed abroad,
Shall be deemed exclusively Mexican, and, If it
THINKS proper may form separate companies for the
carrying out OF It's several operations, ana may
game SAID companies either in the republic Of Mex
leo IN the United States under general special
laws OF the place where formed.
ART. Is. All persons now and hereafter engaged
in the enterprise are to be regarded as naturazed
MeXicans
AgT I8 The restrictions OF the previous articles
shall rot affect differences arising between aliens
and stockholders outsii Of the republic. nor shall
the decisions OF foreign tribunals Affect the pro.
Visions OF this law Mexican interests
ART II. The company cannot transfer. ALLEVIATE
or mortgage the concession nor the canal and lis
accessories, without the consent OF The Mexican
government and 1n no case can 1t be doom TO Q
foreign government, nor can a foreign government
or state become partner In the enterprise. The
company may issue and sell bonds ana other Obll-
cations without the approval OF the government in
such amounts and at such prices as 1T may see fit;
and may mortgage the canal and its accessory
works 10 private individuals or associations.
ART. ls. The grant shall become null and void:
FfrSt-lf The surveys and plans OF the canal are
not made within three years.
Second-for not commencing the works within
one year atier the plans are approved by the Piesi
dent OF Mexico.
Thtroi-If 81 900 900 are not expended in the first
year after The works have been commenced, and
S3,000,oo0 per annum thereafter until the works
are completed. except in case OF force noJeure duly
proved.
Fouyth-For violating any OF the expressed provi-
sions Of this Law as enumerated.
FVut-In case OF forfeiture OF the railway conces.
sion.
Strtn-m case OF negleciing for 365 consecutive
days to keep the canal open lor use.
ART. 10. In case OF forfeiture or grant the COM
pany shall lose the concession, but VIII retain as
It's own properly, until the expiration OF ninety
nine years the works when 1t sEall have con-
structed; but The successors OF this company snail
have the nght to take the same at an appralse
meut.
ART. 90 All doubts and controversy as to the In
depreciation or execution OF this law WIN be decided
10y the comtetent federal Tribunals OF the Mexican
republic.
Arr. 2i The company shall appoint representa-
tive to reside IN the Ciy of MEXICO, who shan have
power ana Instructions 10 treat WIN the federal
government and other authorizes upon all matters
included In the present concession
The Texas STATE Gazette announces the death OF
Mr.. Maj Raymond, editor OF the IioU Bog. Mr..
Raymond died very suddenly on the I'D ult. while