142 
WAREHOUSES TN FOREIGN COUNTRIES. 
debt at par, shall be held by the Government, to be returned to the concession 
aires as provided by the law of March 19, 1897. 
Art. 21. Debts due the federal treasury for responsibilities of any sort of the 
company which exploits the warehouses shall have the preference mentioned 
in article 106 of the general law governing institutions of credit for the debts 
due on account of contribution taxes on credits of whatever sort, real or per 
sonal, which the company may have. 
CONCESSION OF THE MEXICO AND VERACRUZ WAREHOUSES. 
Following is a translation of the concession under which the Mexico 
and Veracruz Warehouses (Incorporated) is acting: 
Article 1. The Mexican Bank, the Mercantile Bank of Veracruz, and the 
Anglo-Mexican Banking Company (Incorporated), in conformity with the law of 
February 16, 1900, are authorized: 
I. To establish in this capital and in the port of Veracruz general bonded 
warehouses to receive foreign merchandise on which the import and addi 
tional duties or port dues have not been paid. 
II. To establish in said points and in any others which may be deemed conven 
ient, within a radius of 50 kilometers of the City of Mexico, general commercial 
warehouses to receive national merchandise or foreign merchandise on which 
the customs and other dues have been paid. 
III. To set aside in its buildings suitable places for the display of samples, 
in storage, on which the duties have not been paid and which may be reexported. 
Art. 2. The general warehouses established in accordance with this conces 
sion shall be subject to the provisions of the laws on the subject and to the 
following bases : 
A. The name of the company shall be “ Almacenes Generales de Deposito de 
México y Veracruz, S. A. (Mexico and Veracruz General Storage Warehouses, 
Incorporated). 
B. The capital stock shall be 2,000,000 pesos ($2,000,000), with the privilege 
of increasing it with the previous authorization of the treasury department. 
C. The principal domicile of the company shall be the City of Mexico. 
D. To guarantee the establishment of the general bonded warehouses the 
company shall deposit in the general treasury of the nation the sum of 200,000 
pesos ($200,000) in bonds of the 3 per cent consolidated debt, or 150,000 pesos 
($150,000) in 5 per cent bonds of the interior amortizable debt. 
E. Of this deposit the Government will retain 100,000 pesos ($100,000) of 
the bonds of the 3 per cent, or 75,000 pesos ($75.000) of the 5 per cent debt, in 
conformity with article 20 of the law of February 16, 1900, and the rest of the 
bonds shall be returned to the company as soon as it has commenced its 
operations. 
During the entire time of the deposit the company shall have the right to 
collect the coupons of interest due. 
F. The transfer of the concession shall be null unless expressly approved by 
the treasury department, with the exception of that authorized by article 10 of 
the general law of institutions of credit of March 19, 1897. 
G. To compensate the Government for the amount of the expenses of super 
vision the company shall pay into the general treasury of the nation, in quar 
terly installments, the sum of 3,000 pesos ($3,000) per annum. 
The company is further obligated to pay the salaries of the employees who, in 
conformity with the regulations and dispositions relative thereto, are named by 
the Government for the inspection, vigilance, and guarding of the merchandise 
which may be received in its warehouses. 
H. The company shall enjoy for twenty-five years, counted from March 1& 
1897, the franchises and exemptions from taxes authorized in section 6 of the 
law of said date relative to institutions of credit, and further, until January 1> 
1905, the exemptions conceded by article 15 of the law of February 16, 1900. 
I. The term of this concession is forty years, counted from March 19, 1897. 
J. All controversies which may arise with the Government relative to this 
concession shall be submitted to the courts of the Republic, with the exception 
of those which should be decided administratively, in conformity with the laws. 
Art. 3. The company may make use of the right conceded in article 16 of the 
law of February 16, 1900, to construct in Veracruz tracks connecting its ware 
houses with the docks and railroads constructed, or which may be constructed >» 
the future, referring to the department of communications and public works ¡ n