The 1557 town charter Historical milestone · Villafranca de los Caballeros, La Mancha de Toledo, Toledo Image of Villafranca de los Caballeros, not of the place itself. Felipe II granted Villafranca the title of villa in 1557. The name came from earlier: franca for the six years of exemption from taxes with which settlers were attracted, and de los Caballeros for the annual assembly on pastures that was held at Saint Martin's. 1557 Photo: Malopez 21 (CC BY-SA 4.0) What to see and do in Villafranca de los Caballeros