The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-01-18

quest OF the glorious destinies whicn are before
You. On your decision and that o. the people de-
ponds our fortunes to-day, and hope you VIII de-
eide with your accustomed wisdom s.,..o
have the honor to salute the honorable senate
WAN sentiments Oh inc h BGGENAvHNTU i BAEz
ExEcUTIyE RESIDENCE, ST. DOMINGO, Jan 2 1873.
To THE HONORABLE SENATE OF THE kEPUBLio'
Tho Treaty. i-fl
Between the government of the Dominican Re-
public represented by Senior Manuel Maria eau.
tier Secretary VI State the INTERIOR Police and
Agriculture, cha ged with Foreign Relations, It's
one part and, on the other. Messrs Samuel SAM
uels, T. Scott Stewart and Burton N. Harrison,
Commissioners OF the company to be henceiorward
entitled 'The. Company OF the Bay OF SANTANA OF
st. Domingo" the following is agreed upon and
AETioLH Tho Dominican Republic BY this
present DEGREES that, Tor the purpose of augment
ing the commerce Of the Republic, establishing by
direct trafc with all parts or tae world; TO de-
Yei0p the commerce OF the interior OF the country
by means OF railroads and other improvements OF
imnisrato1l, sI population which shall render
eficient assistance to the government OF
its territory possesses and that shall contribute to
increase the means OF access and for all the objects
reference shall be made-iOr ali these reasons
Messrs: Alden B: stockwell Samuel 9. Howe, Paul
n. Sponord, Frederick schuchardt, samuel L. M.
NJ Pullman, Q. K. Garrison, samuel samueIs JOHN
Stewart, Henry Clews. oliver Ames, Ii. W. Gray
ing cause are constituted into q political body as
one community, under the name OF the Company
OF the Bay OF SANTANA OF vt. Domingo and said COM
pany will have under this name o perpetual sue
cessi0n and one seal for all Its acts possessing all
the rights and privileges and powers usual to cor
United States The principal or capital Of said
company shall be $780, 900 In current money OF the
United states OF America diylded IN 5000 shares In
the aforementioned capital and the number or
shares can be augmented from time to time by a
~ lnu0 tvJu
tied capital existing at that time. That increase
will represent the value OF the estate real and
Of Ur @ Of the 1e ST
has the right, power and authority to fix the pro-
them BY the he emission Of bonds or Of
UNDERSTOOD that the first valuation Which shall I1b BE-
made alter the organization OF the company shall
not exceed twenty millions Of dollars Of capital and
ten millions Of dollars OF bonds.
No subscriber to the capital or holder Of bonds Of
the company shall be Individually responsible,
Of the company OF for any demand against It ior
more than the value at par OF the capital subscribed
By him Or Or the somn bonds which he may
holder or shareholders in the company shall be
prosecuted by reason OF any debt Of the company
q decree or judgment against 1t, and the decree Of
execution be returned without compliance In
70 the m No
for any debt or responsibility Of the company or
any demand against It.
pany shall be controlled by Council OF Direc-
tors. The number Of these directors shall be
or citizens Or subjects Of any nation ndscrimin
ately. They shall be shareholders In the company
and after the first year shall be elected by the
not take place on the day fixed by the statutes Of
not follow, nor shall II incur the loss OF any Of Its
rights, franchises or privileges, and II shall be
other ssy the laws Of the
shall provide from time to time, and all the acts
OF the existing directors shall be valid and obiga-
The persons mentioned in the first Of these
and shall be directors for the first year and, in
conjunction with whatever others they shall name
lbut so that the number shall not exceed
OF Directors until the election of their
successors. The shareholders will elect at
OF twenty-one directors which shall afterwards be
classified by lot into three classes, which shall be
respectively ss afTs second and
The seven OF the first class shall be directors for
the term OF three years, the seven Of the second
class for two years and those OF the third class for
At each one Of the subsequent annual meetings
OF the shareholders directors snail be elected
who shall succeed the members OF that class whose
term OF ONCE then expires These shall be directors
for three years.
The meetings Of the Council Of Directors and Of
the shareholders shah take place In SANTANA, in st.
Domingo in the United States OF America, or other
place, as the bylaws OF the company from time to
The time ior the FIRST annual meeting Of the share.
holders shall be the first Wednesday after the LIST
day of January, 1874. All elections shall be by bal
lot and each shareholder present in person Or power
OF attorney, and he shall nave the right to many
istered in his name In the books Of the company.
The persons who receive the greater number OF
votes shall be named directors.
In case OF a vacancy OF one OF more directors
whether by death, resignation or other cause, It
shall be filled as the bylaws Of the company shall
provide, and the term shall be for the balance OF
the time Tor which the original occupant was
elected
regulations not in contravention Of the articles of
this treaty as shall be convenient for the govern
ment OF the company and the regulation OF its
operations but they shall be subject to the restrio
lions which are laid down from time to time IN the
meeting OF the shareh0lders--in which there shall
be represented at least q majority OF the share
holders-which at the time OF the meeting may be
authorized, said shareholders being present and
ART a-The company have full power to acquire,
BY purchase or otherwise, property Of all classes:
America, the Dominican Republic, or wherever 1t
may be. to cede them partially or totally, to n.y.
pothecate, to benaze them here. rent or exchange
business In the United States OF America, In
SANTANA in the Dominican Republic or elsewere,
Wnen anu IN SUCH udnncr No ~ shoh JuuBo Coh-
venient.
The company may also issue bonds Of whatever
species In such quantities and values as 1t may
think best bearing interest which shall not exceed
eight per cent per annum; paying principal and in
terest IN SANTANA. San Domingo, In the United
States OF America or elsewhere as the company
may Judge proper, and can guarantee said bonds,
principal and interest, hypOthecating the whole or
whatever part Of the concessions and other proper
ties Of the company according TO the quantity OF
the bonds, except the especial authorization by
article
X.-The bonds existing in circulation atany time
not to exceed the authorized capital OF the COM
pany at the time.
The government OF the Dominican Republic has
the power OF inspecting and ordering an inspection
OF the books OF the company
ART. 4. The rights, privileges or immunities
which by the projected treaty with the united
convention for the lease Of the Bay aid PENN
sula OF SANTANA, dated the 10th OF November,