The Arkansas banner., 1846-10-21

dred and fifteen thonSand one hundred aud sixty-nine dollars, rereiyed into the Uniied States Treasury on the first of September, one shsusand eight hundred and thirty eight, payable, in hali-yearly payments. on the firss of January aud July n each year, he. and the same is hereby, appropriated fo, the per- pe!ual maintenance and support of said in- stitation; and all exWnditares and appropria- tions to he made, fruR tune to tune, 10 the purposes of the inslliutioa aforesaid, shall be exclusively from the accruing interest, and not from the principal of the said fund. .9Rd Dc II fpfter enacted, That all the moneys and stocks hich have been, or may hereafter be, received into the Treasury of the United States on account of the fund be- quealhed by James SmilhsOn, be, and the same hereby are, pledged to refund to the Treasury of the Uuited States the suns here by appropriated.
 Sec. 5. find De l further eaaetfd, That the business of the said institution shall be conducted al the city of Washington by board of regents by lhe name of the Regents of the .sSn,ithsouian institutions" to be com posed of the Vice President of the United States, and the Mayor of the city of Wasll-
 ingion, during the une for which they shall hold their respective offices; three members of the Senate. and three members of the House cf Representatives, together with six other persons. other than members oi Con- gress. two ol whom shall be members of the National institute in the city oi Washing ton, and resident in the said city; sud the other four thereof shall be inhabitants of States. and no two of them of the same State. And the regents to be selected as aforesaid. shall be appointed immediately ai- ter the passage of this aet--tIle members of the Senate by the President thereof, the mem- bers of the House by the Speaker thereof, and the six other persons by joint resolution of the Senate aud House of Representatives; and the members of the House so appointed shall serve until the fourth Wednesday in December, the second next after the passage of this act; and then, biennially thereafter. on every alternate fourth Wednesday in De- cember, like number shall be appointed in the same manner, to serve until the fourth "Wednesday in Decelnbes, the second suc- ceeding their appointment. And the Sena- tors so appointed sliaii serve during she term for which they shall hold, wiihou. le-elec- ton, their office as Senators. And vacan- cies, occasioned by death, resignation, or otherwise, shalt be 6iled as vacancies in committees are filled-and the other six members aforesaid, shall serve, two for two years, two for four years, and two for six years; terms of service, in the first place, to be determined by lot; butafter the first tenn, then their regular term oi service shall be six years; and new elections thereof shall be made by joint resolutions of Congress; and vacancies occasioned by death, resignation, or otherwise, may be filled i'll like manner, by joint resolution of Congress. And the said regents shall meet in the city of Wash ington on the first Monday inaSeptember next after the passage of this act, and or- ganize by the election of one Of their nrn,- Der as chaucellor, who shall be the presiding officer of said beard of regents, hy then name of the Chancsllpr of the ssSmiii,soninn in- s,itution. and . snitable person 6 t6fstaFy of said institution, who shall nIso a tllel secretary 0f said board of regents; saisl board shall also elect thres af lheir own h0lly as an executive commiites, aud said fseentsl shall thea fix on the time for me <<xulnr meetings of sad board; and oIi 1b|;f4iion of any three of the regenis s0 s|.e skefetary of the said institution, it shall be lIis duty to appoint special meeting Of the beard Of re- gents, of which he shall give notice by let ter 10 each of the members; and al any meet ing of said board, iive-shall constitute qao- rum Co do business. And each member oi said beard shall be paid his necessary travel ling and other actual expenses in attending meetings of the board, which shall he audi ted by the exerutivc committee, and recorded ny the secretary !or said board; but his ser vice as regent shall be gratui,ous. And when ever money is required for the payment of the dehlS or performance of the contracts of the institution. incurred or entered into in conformity with the provisions ot this act. or for making the purchases and executing the objects authorized by this act. the board of regents, or the executive committee there of, may certify 10 the chancellor and secre- tary of the board, that such sum of money is required; whereupon they shall examine the same, and, if they shall approve thereof, shall certify the same to the proper office! of the Treasury for payment. And the said board shall submit io Congress, al each ses- sion thereof, repor, of the operations. ex- pendilures, and the condition of the msttu- lion.
 Sec. i find bc u further enncfed, That. after the board of regents shall have met and become organized, It shall be their duty forthwith to proceed to select suitable site for such building as may be necessary for the institution, which ground may be taken and appropriated out of that part of lhe pub lie ground in the city of Washington lying between the Patent Office and Seventh street: Prorided, The President of the United States, the Secretary of State. the Secretary of the Treasury, the Secretary of War, ihe Secretary of the Navy, and lhe Commission CT of the Patent Office, shall consent ,o lhs same; but, if the persons last named shall not consent, then such location may be made upon any other of the public grounds with in the city of Washington, belonging to the