The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1878-05-14
.h.r.. and whose nantes, aim is 10 take par, in

others. and whose manifest aim is TO take part in
ART. 1.-THE grantees Win have right. during the
ex silence OF their concession TO make use of the
ports situated at the two extremres OF the canal as
well tho intervening ones, Tor anchorage repairing
OF ship the embarkaton, storing ana dscharaing Of
mercnandise. The ports OF the canal shall be free.
tor the commerce OF all nations, ans imuors duty
introduced Tor the use OF the rest OF the Republic.
| The said ports shall In consequence be
open tor I'm, ortatlon from the beginning
oil the WORKS ana custom houses and such guards as
the governments may judge convenient Tor the coec-
ton OF duty objects destined for ports of
Republic and 10 prevent smuggling.
ART. 8.-rhe executive pawer shall lay do sn the
necessary rules to protect It's fiscal interests to pre-
!! the number Of mon It may deem neediui to perform
this service Ton OF the indispensable employees Tor
this service shall be paid by the company, aud their
salaries shall not exceed those paid TO men OF tho
same category In the Customs OF Barranquils. When
by The canal or the auxiliary railroad men destined
10 the service OF the Union aud the police, with
preservation OF public order should the company
not have ships or tow boats it must pay the passage
OF these men across the ishmus. Il win also be the
duty OF the company 10 pay the expenses occasoned
by maintaining the public force that may be judged
necessary for the security OF interoceanic transit
ART. The grantees shall have right to intro
ducs freely, without payment OF any import duty or
other Of any kind whatever. all the instruments ma
chimes, ironwork, tools, material, food, cloth
ing Tor the workmen, which they
need during all the time conceded TO them
tor tho construction and use OF the canal. Ships
bringing cargoes INTENDED for this enterprise
enter freely any OF the points which give an easy
cess to The ,ins Of tn. canal
ART. l0.--No Contribution national, municipal,
Of any kind, shall be laid the canal, the Ships
passing through it, ,owboas service ships Of
to grantees, their warehouses, workshops, manu-
factories OF whatever kind they may be,
ass which ana os Gnsf to- 10
them, and which needed for the service OF the
canal ana ITS dependenci.s during the time granted
for It's construction and operation. the grantees win
also have tho right to take from the unappropriaed
lands materials OF all kinds they may need without
paying any indemnity.
ART lL-Pussengers, money, precious metals mer-
chandise objects and effects OF ali classes passing
municipal, transit and other duties The
empton shall extend to all objects ana merchandise
which shall remain on deposit according 10 the con-
dltions agreed With tho company the ports and
warehouses which belong to II for exterior or internal
ART. 12-Ships about to pass through the canal
must present their papers IN port at the end where
papers prescribed by laws and pubic treaties
enable ship 10 navigate freely. ships which have
not the saa papers or refuse TO present them can 90
detained, aud VIII be proceeded against conormaby
to tho laws
ART lathe government permits the immigra-
ton free 10 the lands aud work shops of
the grantees OF all employees and workmen, whatever
their nationality, contracted Tor the work, or who
may come 10 occupy themselves in tho work Of
the canal, on condition that these employees and
workmen submit TO the existing laws and TO tho regu
lat. ons Of the company. The government assures
them support ana projection aud tho enjoyment OF
their rights and guarantees in conformity with the
constitution and the national laws during tho timo
they may remain in the Colombian territory.
ART. l4.-To indemnify the grantees Tor the ex-
pense OF constr uction main tenance and operation,
VIII ch at their expense. they will have during all
The time OF their concession the exclusive right
10 establish and collect for the passage of Inc
canal ana The harbors depending GU II, the tolls
lighthouse, anchorage, transit. navigation, piotage,
towing and storage according TO the tariff they
may establish and which they may modify At all
times, Under The following express conditions,
l. They Will collect these oils without my cxcep-
ton nor favor from ali ships IN identical conditions
2 The tariff shall be published IN the Diay1o OlciaI
Of The government TOUR months before they come uto
force as well as In the capitals and principal
cal ports OF countries interested.
Tue principal navigation toll shall not exceed the
sum of ten francs for each cubic yard resulting from
multiplication OF submerged part Of tue pass
ing snip length, width and deptbl.
4 The pr'ncpa. dimensions OF the passing ship;
that Is TO say the greatest exterior length
she water line as well as the greatest draught OF
water, shall be the dimensions inscribed the navi
CATION permits except notifications occurring Ia the
course Of the voyage. Ship captains and agents u
the company may require new measurements, which
shall DO made At the COST oil tie solicitor.
s. The same measure, that Is to say, the number OF
cubic yards contained IN the paralieopiped which the
submerged part OF the ship describes, snail
basis Tor the determination OF all accessory tolls.
G. The special navigation toll shall be diminish ed
In proportion excess. when the profits de.
rived from Il snail exceed twelve per cent OF the cap-
tai emplo III tho enterprise.
ART. 15.-As a compensation Tor the rights and
exemptions conceded TO the grantees by this contract
tho government OF the Republic w,l have right 10 q
participation equal 20 lvo per cent Of the gross
product oil what collected by the enterprise ia
tue OF the tariffs appointed by the company.
ART 16-ihe grantees are authorized TO comp.l
they may establish Nineteenth parts OF these tolls
may be required IN gold. and ny the remaining tenth
may DO paid Ia silver money OF twenty-five grains ard
oil 900 per cent OF hneness.
ART. 17.-ahips which commit attractions OF tho
reguat IONS established by the company viii be sub
jecled to the payment Of the ne that is fixed by Tue
satutes anu OF which notice shall be gwen the
time tho farms are puo'isnsa. should they refuse
be detained and they snail DO pro ceeded against
in conformity with the laws Tho proceeding Will DO
observed tor damages they may have caused.
Arr. ISL the opening OF tho canal should
be judged economically possible the grantees are au-
thorzed under the immediate sanction OF the Colom
ban government. 70 form a universal anony-
nous company within the time agreed upon,
winch shall undertake tho complexion OF tho
work, adopting TO this and all transitory
financial dispositions which may necessary. Hav-
ing an al an cs cbarac
ter It Is understood that it will be absolutely
from all political ipterfcrence The company shall
take tho name OF .Tne Universal COMPANY OF the
lntcroceanic Canai;" ITS residence shall be fixed
Bogota, New York, London PARIS, at the
choice OF the grantees; agencies can DO cstao-
trac,s, shares bonds, obligations and values which
beIone can never be subjected by the Colombian
COVER 20 any tax, whether OF registry, oms on
STAMP or otacr an lngous, the sale, the
sion OF aclions and obigaons upon the nierest
produced by these values.
ART. 19.-Thc company is authorised TO reserve
ten per cent OF the shares emitted to form share
fund for the benefit Of the founders aud aux
iiiariss OF the en'crprise From tho products
OF The enterprise the company shall take the first
place Nil the expenses OF conservation, operation ana
administration, and tho quota which belongs to the
government as well ~ ali sums necessary to assure
the interests and tho funding OF tho Obligations
ana possible the fixed interest OF the snaros what
ever remains shall form the net Deneace. OF which
eighty per ccnt ut least snail divided among the
Shareholders.
ART 20 The Colombian government will have tho
right TO appoint special delegate In tho council Of
tho company THIS delegate shall erjoy tho adj
vantaecs which are conceded to tho other
adm illustrators by the statutes OF the
pany. The grantees undertake to appoint AZ
B,gota near the national government, an agent duly
authorized to resolve the doubts and present the de-
m.nds 10 winch This contract may give r'so Reoi.
agent III the principal establishment oi the
company tho canal In oil cases difficulties that
may arise between the contracting parties shall DO
submitted to the decision OF tribunal oil arbitrators
composed OF four ndivldutls-two OF them selected
by tho executive power from the Supreme Federal
Court and the others named by the company. In
oil tie In the voting tue said arbItrators shall np-
shall be 1nai.
ART. 2L-rho grantees, or whoever In the future
may succeed to thor rights, may transmit them TO
other capitalists or financial societies. but u abso-
uteiy forbidden TO cede or hypothecatc them TO any
for