THE SMITHSONIAN lNSTlTtJTIOx"«r. US' 



known, and have perpetual succession, with the powers, limitations,- 

 and restrictions, hereinafter contained, and no other. 



Sec. 2. And he it further enacted, That so much of the property of 

 the said James iSmithson as has been received in money, and paid into 

 the Treasury of the United States, being the sum of five hundred and 

 fifteen thousand one hundred and sixty-nine dollars, be lent to the 

 United States Treasury, at six per cent, per annum interest from the 

 first day of September, in the year one thousand eight hundred and 

 thirty-eight, when the same was received into the said treasury ; and 

 that so much of the interest as may have accrued on said sum on the 

 first day of July next, which will amount to the sum of two hundred 

 and forty-two thousand one hundred and twenty-nine dollars, or so 

 much thereof as shall, by the Board of Regents of the Institution, es- 

 tablished bj'this act, be deemed necessary, be, and the same is hereby, 

 appropriated for the erection of suitable buildings, and for other current 

 incidental expenses of said Institution ; and that six per cent, interest 

 on the said trust fimd — it being tlie said amount of" five hundred and 

 fifteen thousand one hundred and sixty-nine dollars received into the 

 United States Treasury on the first of September, one thousand eight 

 hundred and thirty-eight, paj-able, in half-yearly payments, on the first 

 of January and July in each 3^ear — be, and the same is li^reby, appro- 

 priated for the perpetual maintenance and support of said Institution; 

 and all expenditures and appropriations to be made, from time to time, 

 to the purposes of the Institution aforesaid, shall be exclusively from 

 the accruing interest, and not from the principal of the said fund. A?id 

 be it further cJiacted, That all the moneys and stocks which have been, 

 or may hereafter be, received into the Treasury of the United States 

 on account of the fimd bequeathed by James Smithson, be, and the 

 same hereby are, pledged to refund to the Treasury of the United 

 States the sums hereby appropriated. 



Sec. 3. Atid be it further enacted, That the business of the said Insti- 

 tution shall be conducted at the city of Washington by a Board of Re- 

 gents by the name of the Regents of the " Smithsonian Institution," to 

 be composed of the V'ice-Prcsident of the United States, the Chief Jus- 

 tice of the United States, and the Mayor of" the city of Washington,, 

 during the time for which they shall hold their respective offices ; three- 

 members of the Senate, and three members of the House of Representa- 

 tives ; together with six other persons, other than members of Congress, 

 two of whom shall be members of tlie National Institute in the city of 

 Washington, and resident in the said city ; and 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 imme- 

 diately after the passage of this act— the members of the Senate by the 

 President thereof, the members of the House by the Speaker thereof, 

 and the six other persons by joint resolution of the Senate and 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 tliis act ; and then, and biennially thereafter, on every 

 alternate fourth Wcdnesda}' of December, a like number shall be ap- 

 pointed in the same manner, to serve until the fourth Wednesday in 

 December, the second succeeding their appointment. And the sena- 



