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

passed, except for slight verbal changes
is as follows:
To Acquire Panama Rights.
Section 1. That the President of the
| United States is hereby authorized to
acquire, for and on behalf of the United
States, at a cost not exceeding $40. 000,-
900. all OF the rights, privileges, fran
chises, concessions, grants of land,
right of way unfinished work, plants
and other property, real, personal, and
mixed, of every name and nature, own
ed by the New Panama Canal Company
of France, on the lsthmus of Panama,
and all its maps, plans, drawings,
records on the Isthmus of Panama, and
in Paris, including all tn ecapital stock.
not less. however, than 6S,S63 shares OF
the Panama Railroad Company, owned
| by or held for the use of said canal
company, provided a satisfactory title
to all of said property can be obtained.
Negotiations With Colombia.
Sec. 2. That the President is here
by authorized to acquire from the re-
public of Colombia for and on behalf of
the United States, upon such terms as
he may deem reasonable, exclusive and
perpetual control OF a strip of land. the
territory of the republic of Colombia,
not less than six miles in width, ex-
tending from the Caribbean Sea to the
Pacific Ocean, and the right to use
and dispose OF the waters thereon, and
to eXcavate, construct. and perpetually
maintain, operate and protect thereon
canal, of such depth and capacity as
will afford convenient passage of ships
of the greatest tonnage and draft now
( in use, from the Caribbean Sea to the
! Pacific Ocean. which control shall in
clude the right to perpetually maintain
and operate the Panama Railroad, T.
, the ownership thereof, or a controlling
interest therein, shall have been aCquir-
ed by the United States, and also juris-
diction over said strip and the ports at
the ends thereof to make such police
and sanitary rules and regulations as
shall be necessary to preserve order
and preserve the public health thereon.
and to establish such judicial tribunals
/
such rules and regulations
The President may acquire such add.
tional territory and rights from Colon
bia as in his judgment will facilitate
the general purpose hereof.
Payment for Rights.
Sec. 3. That when the President shall
have arranged to secure a satisfactory
title to the property of the New Pana-
ma Canal Company, as provided in Sec
ton l hereof, and shall have obtained
tory from the republic of Colombia. as
provided in section hereof, he Is au.
thorized to pay for the property Of
the New Panama Canal Company forty
millions of dollars, and to the republic
of Colombia such sum as shall have
been agreed upon, and sum sufilCien
for both said purposes is hereby appro
priated, out of any money in the Treas
ury not otherwise appropriated, to b,
paid on warrant or warrants drawn by
the President.
The President shall then. through tn,
lsthmian Canal Commission, hereinaf
ter authorized, cause to be excavated
constructed and completed, utilizing t,
that end as far as practicable, the worl
heretofore done by the New Panama
Canal Company of France, and its pre-
decessor company ship canal from
the Caribbean Sea to the Pacific Ocean
Such canal shall be of sufficient capa
city and depth as shall afford convent
ent passage for vessels OF the larges
tonnage and greatest draft now in use
or such as may be reasonably antici
pated, and shall be supplied with al
necessary locks and other appliances t.
meet the necessities OF vessels passin
through the same from ocean to ocean
and he shall also cause to be construct
ed such safe and commodious harbor