2We have, in this declaration signed in our own hand, declared,
ruled and ordered; we declare, rule, order, desire and are
pleased by that which follows.
FIRST ARTICLE. All trade privileges, which have already been or
which shall be granted to individuals, either in their
name alone or in the names of both themselves and their
Company, for fixed and limited periods, shall be implemented
according to their form and their terms until the end of the
period fixed by the concessionary clauses of the same.
II. All the aforementioned privileges which have been or would
in future be indefinite and without a limited duration, shall
be and shall remain fixed and reduced to a duration of fifteen
years, to be counted from the date the concession was originally
granted, although privilege holders may still seek to have these
privileges prolonged if they have a reason to do so; however, we
do not intend to make any changes to concessions made by ourselves
which grant property rights, whether these be absolute, granted
as a fief, or in exchange for annual dues.
III. Privileges whose title deeds of concession are not limited,
and whose duration is fixed by the previous article to a period
of fifteen years, and which expire either in the fourteenth year
or in the fifteenth year of their duration on the day of the
present declaration, will be prolonged for a further three years,
counting from the day of the publication of this declaration,
although the privilege holder may seek a further prolongation if
he has a reason for doing so.
IV. The privilege holder may, during his lifetime, transfer the
exercise of his privilege to his children or to his grandchildren;
but he may not