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“...at Washington, November 18, 1903.
The United States of America and the Republic of Panama
being desirous to insure the construction of a ship canal across
the Isthmus of Panama to connect the Atlantic and Pacific Oceans,
and the Congress of the United States of America having passed
an Act approved June 28, 1902, in furtherance of that object,
by which the President of the United States is authorised to
acquire within a reasonable time the control of the necessary
territory of the Republic of Colombia, and the sovereignty of such
territory being actually vested in the Republic of Panama, the
high contracting parties have resolved for that purpose to conclude
a convention and have accordingly appointed as their pleni-
potentiaries—
The President of the United States of America, John Hay,
Secretary of State; and
The Government of the Republic of Panama, Philippe Bunau-
Varilla, Envoy Extraordinary and Minister Plenipotentiary of
the Republic of Panama, thereunto specially empowered by said...”
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“...are granted to the United
States for the maintenance of public order in the cities of Panama
and Colon and the territories and harbours adjacent thereto in
case the Republic of Panama should not be, in the judgment of
the United States, able to maintain such order.
Article VIII.
The Republic of Panama grants to the United States all
rights which it now has or hereafter may acquire to the property
of the New Panama Canal Company as a result of the transfer
of sovereignty from the Republic of Colombia to the Republic
of Panama over the Isthmus of Panama, and authorises the New
Panama Canal Company to sell and transfer to the United States
its rights, privileges, properties, and concessions as well as the
Panama Railroad and all the shares or part of the shares of that
company; but the public lands situated outside of the zone
described in Article II. of this treaty now included in the
concessions to both said enterprises, and not required in the
construction or operation of the canal shall...”
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