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Doc. No. 75. 



lilationsj so that the same be not in conflict with the provisions of this 

 convention. 



6. It shall provide that said company may not only build and construct, 

 but also alter, enlarge, repair, and reconstruct the said works as they may 

 think proper; and that they may manage and govern the same^, and man- 

 age and control the financial alfairs of the corporation. 



T. It shall provide that sajd company shall make annual reports to the 

 executive governments of the United States and the State of Nicaragua, 

 setting forth their receipts and expenditures^ and the condition, operations^ 

 and affairs of the said company. 



8. It shall provide that the managementof the affairs of said company shall 

 be vested and lodged in nine managers , five of whom shall be appointed by 

 the company for the period of time and in a manner to be regulated by the 

 said charter; and in like manner two of the said maijagers shall be ap- 

 pointed by the President of the United States, and two by the executive 

 chief of the State of Nicaragua^ and that said managers shall appoint their 

 own president. 



9. It shall provide that the government of either of the contracting 

 parties may, through their committees, freely examine and investigate 

 the affairs, business operations, and condition, financial and otherwise, 

 of the said company; and for such purpose such committees may examine 

 the books and papers of the company, and examine the officers thereof 

 and other witnesses on oath, and make reports thereon to their respective 

 governments. 



10. It shall provide that said company shall have the sole and exclu- 

 sive right and privilege of conveying persons and passengers, and of con- 

 veying all steamers J ships, and vessels of all kinds, by tOAvage or other- 

 wise, and of transporting in the vessels of others, or of their own, all 

 property, goods, wares, and merchandise, over, through, and upon said 

 navigable waters, canal or canals, road or roads, which shall be im- 

 proved, made, or constructed by them, at such rates, charges, duties, 

 and tolls as the said company may think proper to establish, except, how- 

 ever, that the said charter shall further provide that all the vessels of war, 

 and all other public vessels of every description belonging to the govern- 

 ments of the two contracting parties, as well as all other vessels which 

 may be engaged in the permanent or temporary employment of the said 

 governments to transport their troops, munitions of war, their public 

 property of all kinds, and to convey their public agents, consuls, minis- 

 ters, and all their officers, civil and military, shall be permitted to have 

 the free and unrestricted use of the said canal, or canals, and navigable 

 waters, and shall, if necessary and required, be conveyed through the 

 same by the said company free of all cost and charge. Said charter shall 

 further provide, also, that the public mails of the contracting parties shall 

 be conveyed and transported along and over the said works by the said 

 company, in their own vessels or vehicles, tree of cost or charge; and the 

 contracting parties agree and stipulate, with all solemnity, that the afore- 

 said rights and privileges shall be enjoyed by each other perpetually, and 

 that said charter shall provide accordingly. Said charter shall also further 

 provide that the citizens of the two parties shall enjoy and possess the 

 right and privilege, with their vessels, goods, merchandise, and property, 

 and persons, to pass and be conveyed through, upon, and over the said 



