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-108-<br />

"(A) 7o plant, produce, farm, cultivate, and to raise any<br />

crops, grains, rubber, cocoa, palm oil, trees, fruits,<br />

coffee, fertilizers, or any products of any kind or<br />

character, and to buy and sell the same and to process,<br />

condition, refine, market and manufacture,<br />

(B) 7o engage in the:timber, tree and lumber business, and<br />

to plant, cut, saw, process, and to do all and every act<br />

in connection therewith and to buy and sell the same,<br />

and to market, process, condition and manufacture the<br />

same or any products thereof, in conformity with<br />

presently existing laws relating to lumbering,<br />

(C) To engage in religious, philaniropic, educational, and<br />

Scientific work, including all phases of missionary work,<br />

and all things necessary in connection therewith as are<br />

appropriate and proper under the Constitution and Laws<br />

of the Republic of Liberia,<br />

(D) To prospect for, mine, melt, refine, produce, buy and sell<br />

any and all ores and minerals, and to manufacture and<br />

market products therefrom, including but not limited<br />

to the smelting of iron ore within Liberia and doing<br />

all things necessary for the processing, refining,<br />

fabricating and manufacturing of products made from iron..<br />

(E) To acquire, by purchase, lease, concession or in any other<br />

manner, and to mortgage, lease, sell or otherwise dispose<br />

of mines, mining lands, mineral properties or any<br />

interest therein, water courses, water and other rights,<br />

power plants, transmission rights, communication systems<br />

and franchises or concessions therefor (45),<br />

It also had the right to ''construct, purchase., lease or<br />

otherwise acquire, maintain and operate" within and without<br />

its premises thansporation networks, communication systems,<br />

power installations, or other infrastructural facilities<br />

including hotels, refineries, trading companies and selling<br />

agencies in order to carry out its "LeTourneau Liberian<br />

Program" - provided however that upon request of the<br />

Government of Liberia the general public was allowed to make<br />

use of any of these facilities, installations or buildings<br />

(46). In fact, LeTourneau was to construct a whole new town<br />

in the concession area, the Town of Tournata (47).<br />

To be entitled .to enjoy its concession rights (though the mining<br />

rights granted required special agreements to be concluded between<br />

LeTourneau and the Liberian Government) the company's only<br />

obligation was the payment of a yearly rental for a minimum of<br />

50,000 acres at the rate of 6 cents per acre.<br />

Among the other privileges which the concessionaire were granted<br />

v/ere exemption from import and export duties (for an unnamed<br />

number of years) though the duty exemption would not apply to<br />

semi-refined metals or minerals nor to finished precious metals<br />

exported by the company which promised to endeavour not to export<br />

raw materials from Liberia. It further became exempt from any

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