New national era. [volume] (Washington, D.C.) 1870-1874, 1873-01-30
TIE PRIVILEGES SECURED.


TIE PRIVILEGES SECURED.
The title to the convention entered into by
the parties is: "a convention between the
SANTANA Bay Company, of Santo Domingo.
and the Dominican Republic, by decree and
declaration; to he signed by the President
of the Dominican Republic and the commits
sioncrs of the company and ratified by the
Scnatus Consultum of Santo Domingo
The principal provisions OF this convention
are that the capitol Of the company shal! he
$50. 000. 600.
The company may issue bonds to be Sc
cured by mortgage on any property that it
now has, or that il may hereafter acquire.
The business of the company shall be man
aged 'y n board Of directors, who may be
either residents of Santo Domingo, the Uni
ted States, or elsewhere.
The company shall have full power to &C
qlirc by purchase or otherwise, and hold and
own property of any kind whatever, either
real or personal, on the island Of Sauto Do
min@o or elsewhere, either within or without
the limits of the Dominican Republic, sell the
same. or mortgage, lease, or rent the same
ii shall be empowered to carry on every kind
of trade, every kind of manufacture; engage
in mining, commercial insurance, mechanical,
building. or agricultural operations on the
island of SaEto Domingo.
For the purpose of securing population
which shall render efficient aid in developing
the resources OF the country and contributing
to increase its revenues, it is dccrecd that all
the rights. privileges, and immuntics Of every
kind which by the treaty with the United
States Government for the lease Of the bay
and peninsula of SANTANA, dated March 90,
1869, was cedcd to the United States Gov
eminent, arc transferred by this convention
to the said SamaIa Bay Company in per-
pctuity; the company to have and hold all
the public lands in the peninsula of SANTANA,
the waters Of SANTANA bay, and the islcts and
reefs therein, with full power to sell and dis
pose of the same.
The company shall have the exclusive right
to construct wharycs in the waters of the bay
and of the isles therein, and to grant the right
to others, and to collect for their own use all
port dues, wharfage, and other charges, du-
ties or taxes, whether Of import or export or
both, and for such direct tax or assessment
upon real or personal estate rs may be levied.
All residents, cm.rants. or visitors to any
part of the bay or peninsula of SANTANA, and
in and upon any Of the island lands or pro-
pcrties of this company, or any company or
ganZcd by or under authority OF this conf
pany, and in or possessed by them in fee or
otherwise, shall be exempt from military.
bv the individuals concerned.
The company may appoint its necessary Of
iicers maintain police and other forces and
tribunals as may be in its opinion necessary
or proper to collect dues and charges and to
preserve order.
The company may build, purchase, or char
ter steamships or Othor vessels and transfer
the same.
said vessels NAV sail under ity (the CON-
panv's) flag or under such other Dag as the
company may have authority to adopt. and
no discrimination shall be Iu1lds against any
such vessels by any future Laws.
These vessels may be otscerea aid Menned
by any nationality that the company may
employ.
The company may establish bank fol
emission. deposit. or discount, with branches
at any other place.
The company may construct Cago.-roads
railroads, telegraph lines, slack-Watsr nayi
cation, canals, or other internal improve
mcnts for twenty years.
The company, its franchises, privileges
property, and enterprises to BE- under the
joint protection of the Dopipican Republic
and the United States OF America, and the
company may at any time or from time Il
| time solicit the Intervention OF either or both
| If any misunderstanding arise betYeaa tbs
Dominican Government and the company, i
shall be referred either to arbitration or Il
some European power to determine the ques
/ ton at.issue.
The company may iAsus special railroad
| telegraph or canal bonds, secured BY spccia
mortgage on the work itself.
The company shall have tho right Of way
all over the island, TO construct its improve
mcnts everywhere, and all lands SO granite,
shall be sole and absolute property Of th'
company and its assigns forever.
The company to pay to the Dominican
Government $4,000 yearly in gold.