Tax Exemption.
Section 17
SEC. 17. Tax Exemption.—The Company shall be exempt from all national, provincial, municipal and city taxes and assessments now enforced or hereinafter established. The exemption authorized in the preceding paragraph of this Section shall apply to all properties of the Company, to the resources, receipts, expenditures, profits and income of the Company, as well as to all contracts, deeds, documents and transactions related to the conduet of the business of the Company; Provided, however, That said exemptions shall apply only to such taxes and assessment for which the Company would otherwise be liable and shall not apply to taxes and assessments payable by persons or other entities doing business with the Company.