Page:Mexico under Carranza.djvu/259

Rh control of the Republic; but the Government shall purchase all the stations, warehouses, work shops, rolling stock, tools, furniture, and fixtures which the Company may have for the use and operation of the road, and shall pay in cash the prices of said stations, storehouses, workshops, rolling stock, tools, furniture, and fixtures, fixed by two experts, one named by each party, and a third previously appointed by those two to act in case of discord.

If the Government thereafter wishes to rent or sell the line the Company will be entitled to preference. . ..

Article 5. . ..

An engineer will be appointed by the Executive to accompany each party of surveying engineers. The salary of said engineer will be fixed by the Executive and paid by the Company, said salary not to exceed $4,000 per annum.

CHAPTER II. Basis of the Company.

Article 13. . . . Within six months from the date of this contract, a part of the Board, consisting of five directors, shall reside in Mexico. Of these, two shall be appointed by the Government, and three by the Company.

The Directors named by the Government may reside in Mexico or abroad.

The salaries of the Directors named by the Government shall be fixed by the Executive and paid by the Company, and shall not exceed $3,000 per annum.