Note 121 — Chapter II
Clements R. (Clements Robert) Markham translation
Old Panama was founded in 1520, in 8° 57´ N. latitude and 79° 31´ W. longitude; on the shores of a bay discovered by Tello de Guzman, one of the companions of Columbus. In 1521 the city was granted a royal charter by Charles V, with the title of “Very noble and very loyal city of Panama.”