1358
Establishment as a
free port.
Approval of plans
and estimates.
55 Stat. 31 .
22 U. 8. C., Snpp.
III, t§ 411-419.
Ante, p. 222.
INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [58 STAT.
AmTCLE 3
The Government of the Republic of Liberia agrees to the estab-
lishment of the port as a free port, or foreign trade zone, to be op-
erated for the mutual benefit of the United States of America and
the Republic of Liberia and all nations with which the United States
of America and the Republic of Liberia maintain friendly relations,
under such conditions and by such means as may be henceforth pro-
vided. The Government of the Republic of Liberia undertakes to make
available, without cost, to the operating company provided for in
Article 5 such land and rights in land as may be necessary for the
construction of the free port and such land and rights in land con-
tiguous to the port site as may be necessary for the efficient operation,
maintenance and protection of the free port.
ARTCLE 4
Upon approval of the plans and estimates, as prescribed in Article
2, the contracting company shall, with the assent of the administrative
agency of the Government of the United States of America which
is or may be authorized and empowered to administer the provisions
of the Act of the Congress of the United States of America approved
March 11, 1941, proceed with the construction of the port and port
works and access roads as soon as practicable, under the direction of
American engineers.
ArTICLE 5
Contract for opera-
Prior to the construction of the port and port works and access
tion of port during pe-
riod of amortization
roads, a contract shall be entered into between the Government of
the Republic of Liberia and an American company, duly incorporated
in the United States of America or in the Republic of Liberia and
approved by the Government of the United States of America, for
the operation of the port during the full period of amortization, as
shall be hereinafter provided, commencing from the date of com-
pletion of the port and port works and access roads or from such
earlier date as the port is able to begin receiving ships and cargo.
RBoarreP"sentactons on The said contract shall provide for adequate and equitable representa-
Port Authority.
tion by the Government of the Republic of Liberia on any Board of
Directors or Port Authority which may be set up for the operation
of the port.
amortingtiontspan-
Provision shall be made in the aforesaid contract for the payment,
ments.
from revenues of the port, of the administrative and other costs of
operating the port and for annual payments in amortization of the
funds made available by the Government of the United States of
America for the construction of the port and port works and access
roads, excluding any installations which may be constructed under
POp..
Article 7 of this Agreement. Such annual payments shall be paid
by the operating company to the Government of the Republic of
Liberia for transmission to the Government of the United States of
America and shall be computed on the basis of such agreed per-
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