Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-07-12

all vessels owned by said states or citi
zens thereof.
Isthmian Canal Commission.
Sec. I. That to enable the Presi-
| dent to construct the canal and works
appurtenant thereto as provided ~ this
| act. there Is hereby created the 18TH
milan Canal Commission the same to
be composed of seven members. who
shall be nominated and appointed by
| the President, by and with the advice
and consent OF the Senate. and who
shall serve until the completion of the
canal, unless removed by the President.
OF the seven members of said commits
sion, at least four of them shall be per-
sons learned and skilled in the science
of engineering, and at least one shall
! be an officer of the United States Ar
my, and one other shall be an officer OF
the United States Navy, the said officers
respectively being either upon the sC-
! tive or retired list of the army or of
I the navy. Said commissioners shall ro-
ceive as their compensation such sum
as shall be prescribed by the President
until otherwise fixed by Congress. and
such additional allowance for expenses
| as may be allowed by the President In
/ his discretion. In addition to the mem
/ bers of said Isthmian Canal Commits.
sion the President Is hereby authorized
to employ in said service any of tue
| engineers of the United States Army,
at his discretion, and likewise to en-
I ploy any engineers in civil life, at his
discretion. and any other persons neces-
sary for the proper and expeditions
prosecution of said work. and 10 fix tho
compensation of any and ali Of such
4 engineers and other persons. Said
+ commission shall in all matters be sub
! jeCt to the direction and control of the
I President, and shall make to the Presi-
dent annually and at such other periods
as may be required, either by Law or
| by the order of the President, full and
complete reports of all their lctirEs
/ and doings in the construction of said
work and in the performance of thciI
duties in connection Herewith. which
said reports shall be by the President
transmitted to Congress. And the said
commission shall furthermore give to
Congress, or either house of Congress,
such information as may at any time
he required either by act OF Congress
or by the order of either house of Con-
gress.
Gold Bond Issue.
/ Sec. s. That the Secretary of the
Treasury is hereby authorized to Dor
! row on the credit of the United States,
from time to time, as the proceeds may
be required to defray expenditures au-
thOriZed by this act (such proceeds
when received to be used only for the
purpose of meeting such eXpenditures)
the sum of s130.OOO,O0O, or SO much
thereof as may be necessary, and to
prepare and issue therefor coupon or
registered bonds of the United States
in such form as he may prescribe. and
in denominations of 500. or some multi
pie of that sum. redeemable in gold
coin at the pleasure of the United
States, after ten years from the date
of their issue, and payable twenty
years from such date, bearing interest
payable quarterly in gold coin at the
rate of per Centum per 9unum, and
the bonds herein authorized snail be
exempt from all taxes or duties nj the
United States, as well as from taxation
, in any form by or under State munich
pal or local authority: Provided. Tina
said bonds may be disposed CT by tn,
Secretary OF the Treasury at not lest
than par. under such regulations as b,
may prescribe, giving to all citizens U
the United States an equal opporunlt!
to subscribe therefor, but no commits
! sions shall he allowed or paid thereon
and a sum not exceeding One-tenth of
. per Centum Of the amount OF 5hc bond
, herein authorized is hereby apprOpriat
ed, out of any money in the Treasury
not otherwise appropriated, 20 pay tn
, expense of preparing, advertising. an
A issuing the same: And, provided f'Ir
=, Their, That none of the said bonds shall
. be sold to pay the sums appropriate
= in sections one and two of this act, o
to pay the sum of s1O,0OO,O0O appro
!, priated in section five of this act.