The King, because of his special favour towards John, earl of Buchan, Lord of Auchterhouse, has created the town and lands of Doune, lying above the sea shore in the barony of Glendowoquhy, shire of Banff, a free burgh in barony; and granted the inhabitants the authority to buy and to sell etc., and that they might be burgesses in the said burgh, and have the power to elect bailies yearly etc., to have a market cross and a market on a Saturday, and free fairs yearly on the feast of the Birth of St John the Baptist and for its octave

Rex, pro specialibus favoribus erga Iohannem com. Buchanie dom. de Ochtirhous, creauit uillam et terras de DOune, iacen. supra littus maris in baronia de Glendowoquhy, uic. Banf, --- liberum burgum in baronia; --- ac concessit inhabitatntibus facultatem emendi et uendendi etc., et ut essent in dicto burgo burgenses, et haberent potestatem eligendi annuatim balliuos etc., tenendi crucem fori et forum in die Sabbati, et liberas nundinas annuatim in festo Natiuitatis S. Iohannis Baptiste et per octauas eiusdem