The beginning of this important decree from about 300 BC is lost. Over a long period the stone was built in the cemetery of Ulamış. The decree deals with various privileges granted to a group of new citizens. It remains obscure who these new citizens were. They were probably members of a small community in the nearer location of Teos. The Teians obviously incorporated this community into their state body. Such an incorporation is known from another decree for the settlement Kyrbissos.
The first lines refer to exemptions from public services like defraying of the cost of the public choruses or of torch-races or the provision of ploughing oxen for public work. The main part deals with taxes imposed on animals, slaves, natural and agricultural products as well as on occupational activities. The new citizens were free from all these taxes for a long period of ten years. There was no escape from the tax on doctors (iatrikon). Here we learn that the Teians employed a public doctor who took medical care for the citizens. His salary was paid from taxes levied from the citizens.
…of which there is for the other Teians, namely a four year reprieve from taxes; and let them be exempt from choregia, –ochia, boegia, lampadarchia and the inscribing of their ploughing oxen, as many as belong to them, and also all their stock oxen. Let their work oxen be exempt from all the work that the city undertakes. And let them also have exemption for all their draught animals and slaves and waged workers and animals which transport wood and any other that they use or sell, as many as work in selling wood. And let it be permitted for any that wants to […] sheep and to raise as many pigs as the appointed number of sheep and let these be exempt from all other taxes except the medical tax. And as many of the slaves who sell charcoal or anything else, as many as work in charcoal retail, let these be exempt from tax for those. And let those who make coats or […] whatever else from Milesian wool either coarse or soft […] be exempt from taxes on those, whether they sell them locally or export them. And however much they import to the coat workshops […] for purple-dyeing, let them be exempt to the taxes on those. […] and gardens and apiaries, let them be exempt on the taxes for those. […] of all, if they want to export […] let them be exempt from taxes for ten years. And let the start of the exemptions begin in the month of Leukatheon in the prytany of Aristippos.