Newspaper Articles Relating to the Credit Foncier Company
Newspaper Articles Relating to the Credit Foncier Company
Albert Kimsey Owen
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The land for the city site, including twenty-nine square miles and a large tract of adjoining lands, were purchased by the railroad company from Dr. Benjamin R. Carman, of Mazatlan, and Senor Don Bias Ybarra, and this prop- erty the Mexican government has no claim to. Its ownership is distinctly acknowledged in the contract between the Mexican government and the Railroad and Telegraph Company. The settlement at Topolobampo is mentioned in this contract as "Pacific Colony. " Article 15 of the co...ntract is as follows: Article 15. As a compensation, for the service, by the com- pany in establishing the above referred to colonies the following concessions^re hereby granted : 1. Introduction, free of duties, for a term of ten years, of machinery for all manufactories, etc. , and of agricultural imple- ments. 2. Exemption from all taxes (with the exception of muni- cipal imposts); and free exportation of all the products of the colonies, for the same term of ten years. 8. Introduction, free of duties only once of all personal effects brought by the colonists at the time of their arrival.
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