The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1895-01-21


from time TO time. By duly appointed in
speetvrs OF his own selection, but not
less offen than quarterly eaeh year. OF
as actual cost Of ts1e work dosse. art OF
the plant. material. and services sup
piled on said canal, including reasonable
costs OF administration during each quar-
ter. or since tire last preceding estimate.
ard upon the fling with the secretary
OF the treasury Of said estimate, duly
certified by the inspectors. the said Sec
retary OF the treasury shall deliver 10
said Maritime Canal Company. OF Mica
Taguz, the bonds OF said company, guar
anteed as aforesaid. 10 the amount sutss-
cfent 20 pay such cost and also for the
amount of ire interest TO become due
upon its outstanding bonds before the
nexf quarterly estimate. but the total
amount OF such bonds TO be delivered
shall not exceed the total cost OF said
canal and its quipment. and the pro-
ceeds Of all said bonds shall be wholly ap-
piled in payment OF cost CT the conStruc-
ton, equipment. maintenance, and oper-
alton or such canal and. OF the railroad.
telegraph, lire. and vessels used in the
construction Thereof. or incidental there
e. and reasoaaac expenses OF Admins
t..rion a Id the accrued interest Lp n
the outstanding bonds Of the company.
It'd such lords snail not be sold c. dis
posed OF TT le IS than ar. and Il siia.. be
satisfactorily shown To the secretary OF
the treasury. before delivering any in
staIluent OF bonds. as aforesaid, that
the proceeds of prior inssailnlents OF
bonds have been properly applied in the
payment Of the cost Of construction and
maintenance as aforesaid and interest on
the bonds of the company. sum or
sums necessary 10 Pay tire expense of
making the inspections and estimates pro-
yided for In this section is hereby appro-
priated, out OF any money In the treasury
not otherwise appropriated, but all ex-
pendisures 50 made by the United States
shall be refunded ana repaid by the said
company upon final accounting.
Sec -. That to secure TIE proper appli-
cation Of the aid TO be furnished by the
United States by this act, and for the
better and more economical execution of
the powers conferred by this act and the
act TO which it is an amendment, Sec
fion of the act approved February 20,
1883 entitled AN act TO incorporate the
Maritime Canal Company of Nicaragua"
be. and Is. so amended that ten OF the
fifteen directors of said company shall be
appointed by the president of the United
States. by and with the advice and con-
sent OF the senate. not more than five
OF whom shall be appointed from one po-
ltlcal party; and five OF whom shall hold
Office for one year. and five for two
years. as may be designated in their APP
pointments. and their successors shall
hold Office for two years. And all parts
of said act approved February 20. 1889.
inconsistent with this act are hereby re-
pealed.
reserved to congress by section of the
act to which this is an amendment are
hereby reserved, and shall apply also to
this act.
Sec. Is. That in order to make certain
of the feasibility. permanence. and cost
OF the said canal and its accessory work
board of three engineers is hereby con-
stituted. the members of which may be
selected by the president OF the United
States. one from the corps of engineers,
United States army, one from the en-
gineers of the navy, and one from civil
life, and If the president. in his discre-
tion, shall so direct, the said board of
engineers uHuer the direction or the sec
rotary of state. shall visit and care
fully inspect the route OF the said canal,
TO examine and consider the plans, pro-
files sections. pris ms, and specifications
for its various parts, and report there
upon to the president OF the United
States.
Sec. Is. That for the purpose OF pay
ing the necessary expenses of the board
Of engineers created by section Is Of this
act, IL the president OF the United States
shall appoint them and call them into SER
vice, the sum OF $4,000, or so much thereof
as may be necessary, is hereby apprcpri-
ated. out OF any money in the treasury
mot otherwise appropriated; Provided.
That the compensation of the members
of said board OF engineers from civil life
shall be fixed by the president; and the
secretary of state. with the approval of
the president Of the United States, shall
make all needfui regulations for carrying
this and section Is of act into execution.
And the secretary of the treasury. with the
approva, OF the president, shall make all
neeifni regulations for carrying into ef-
feet all other parts OF this act and the
act to which Ii is an amendment.