New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-11-06

ury. a sufficient number of certificates
| of stock to meet the requirements OF
this act; and any person found guilty Of
| counterfeiting, or attempting to counterfeit,
| or knowingly circulating false certificates
| of stock, herein authorized shall be sub
Ject to the same pains and penalties as are
or may be provided by law for counterfeit
| ing United States currency; but nothing
| in this act shall be so construed as to
create any liability of the United States,
| direct or indirect, for any debt or OBJ
! legation incurred, nor for any claim, by
| the centennial international exhibition,
| or the corporation hereby created, tor
aid or pecunlary assistance IRON Congress
or the treasury of the United States, IN
support or liquidation of any debts or OBJ
legations created by the corporation herein
authorized; aud provided, that nothing IN
this act shall be so construed as to override
or interfere with the laws Of any State and
all contracts made in any State for the pur-
poses of the centennial international eXhl-
bitiOn shall be subject to the laws thereof;
and provided further that no member OF
said centsnnial board of finance assumes
any personal liability for any debt or obi
CATION which may be created or incurred
by the corporation authorized by this act.
SEC. 10. That as soon as practicable after
the said exhibition shall have been closed,
it shall be the duty of said corporation to
convert its property into cash, and, after the
payment of all its liabilities, to divide its
remaining assets among it's stockholders,
pro rata, in full satisfaction and discharge
of it's capital stock. And it shall be the
duty of the United States centennial com
mission to supervise the clt sing up Of tie
affairs of said corporation, to audit its ac-
counts, and submit, in report to the Presi-
dent of the United States, the financial re
suits of the centennial exhibition.
II That +ba rpAaTGH nv
the act referred to in the preamble OF this
act is hereby made and constituted body
polite and corporate in law, with power to
do such acts, and enter into such obliga-
tons as may be prOmotive Of the purposes
for which such commission was established.
Its title shall be the United States Cen
tinnial Commission. 1t shall have com
mon and corporate SEAL and possess all the
rights incident to corporate existence.
SEC. H. That the alternate commits sion'
ers appointed pursuant 10 section four OF
the act approved March 3, 1871, referred to
in the preamble of this act shall have all
the powers of a commissioner when the COM
missioner is not present at any meeting.
When the commissioner is present the alter
nate may participate in the debates and
serve on committees, but shall have no vote
The appointment Of all commissioners and
alternate commissioners made since March
3, 1872, are hereby ratified. an6 confirmed;
and all vacancies now existing, or which
may hereafter exist. whether by death,
resignation, removal from the State or Ter
ritory, or otherwise, shall be filed at any
time hereafter, in like manner as is pro-
vided in said act of March 3, 1871, fer the
appointment of commissioners.
SEC. Is. That it shall be the duty OF tie
United States centennial commission to
make report, from time TO time, to the
President of the United States, of the pro-
gress of the work, and in a final report 1pre.
sent full exhibit of the result of the
United States Centennial Celebration and
Exhibition of 1876.