TWENTY-NINTH CONGKESS, 1845-1847. 327 



The amendment agreed to by your committee, and which they 

 recommend for adoption to the House, is to strike out all after the 

 preamble, and insert the following substitute: 



Be it enacted, etc., That so much of the property of the said James Smithson as 

 has been received in money and paid into the Treasury of the United States, being 

 the sum of $515,169, be lent to the United States Treasury, at six per cent per annum 

 interest, from September 1, 1838, 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 $242,129, or so much thereof as shall by 

 the board of managers of the Institution established by this act be deemed necessary, 

 be, and the same is hereby, appropriated for the erection of suitable buildings, the 

 enclosing and preparing of suitable grounds, and for other current incidental expenses 

 of the said Institution; and that six per cent interest on the said trust fund, it being 

 the said amount of $515,169, received into the United States Treasury on the first of 

 September, 1838, payable, in half-yearly payments, on the first of January and July in 

 each year, be, and the same is hereby, appropriated 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. And be it fur- 

 ther enacted, 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 fund 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. 2. And be it further enacted, That the business of the said institution shall be 

 conducted by a board of managers who shall be, and hereby are, constituted a body 

 politic and corporate by the style and title of the "Smithsonian Institution," with 

 perpetual succession, and the usual powers, duties, and liabilities incident to corpo- 

 rations. And the said board of managers shall be composed of the Vice-President of 

 the United States, the Chief Justice 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 Representatives, 

 together with six other persons other than members of Congress, two of whom shall 

 be members of the 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 managers, to be selected as aforesaid, shall be 

 appointed immediately 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 this act; and then, and biennially 

 thereafter, on every alternate fourth Wednesday of December, a like number shall 

 be appointed in the same manner, to serve until the fourth Wednesday in December, 

 the second succeeding their appointment; and the Senators so appointed shall serve 

 during the term for which they shall hold, without reelection, their office as Senators. 

 And vacancies occasioned by death, resignation, or otherwise, shall be filled as vacan- 

 cies in committees are filled; and the other six members aforesaid shall serve, two 

 for two years, two for four years, and two for six years; the terms of service in the 

 first place to be determined by lot; but after the first term then their regular term of 

 service shall be six years; and new elections thereof shall be made by joint resolution 

 of Congress; and vacancies occasioned by death, resignation, or otherwise, may be 

 filled in like manner by joint resolution of Congress. And the said managers shall 

 meet and organize by the choice of a president in the city of Washington on the first 

 Monday in September next after the passage of this act, and they shall then fix on 



