954 CONGEESSIONAL PEOCEEDINGS. 



States board of management clothed with full and adequate powers to 

 perform any and all acts essential to the proper and necessary manage- 

 ment of the affairs of the said World's Industrial and Cotton Centen- 

 nial Exposition in the manner and form prescribed by said act, and 

 duly authorized by the sanction of the Government of the United 

 States to raise the capital necessary to carry into effect the provisions 

 of said act of February 10, 1883; and 



Whereas the President of the United States, in compliance with the 

 terms and requirements of said act, has extended, in the name of the 

 United States, a respectful and cordial invitation to the governments 

 of other nations to be represented and take part in the said interna- 

 tional exposition; and 



Whereas the preparations designed by the World's Industrial and 

 Cotton Centennial Exposition and in part executed by the board of 

 management are in accordance with the spirit of the act of Congress 

 relating thereto, and are on a scale creditable to the Government and 

 the people of the United States: Therefore, 



Be it enacted, etc., That the sum of $1,000,000 be, and the same 

 is hereby, appropriated, out of any money in the public Treasury 

 not otherwise appropriated, as a loan to the World's Industrial and 

 Cotton Centennial Exposition, to be used and employed by the board 

 of management thereof to augment and enhance the success of the 

 World's Industrial and Cotton Centennial Exposition in such man- 

 ner as said board of management may determine and in accordance 

 with the provisions of this act: Provided, That the said sum shall be 

 paid by the Secretary of the Treasury of the United States on the 

 drafts of the president and secretary of the board of management of 

 the World's Industrial and Cotton Centennial Exposition authorized 

 by order of said board, one-third of the amount immediately after the 

 passage of this act upon being satisfied that $500,000 has been contrib- 

 uted and paid in to the said board for the purposes of the exposition 

 by the contributors to and shareholders of the World's Industrial and 

 Cotton Centennial Exposition, and the remainder in four monthly pay- 

 ments thereafter upon being satisfied that each of the prior payments 

 has been faithfully applied as required by this act, and for this purpose 

 he shall have free access to the accounts and all transactions of said 

 board: Provided further, That no greater amount shall be expended 

 or liability or indebtedness of any kind incurred upon buildings, 

 grounds, and preparations than the aggregate sum that may be paid 

 in by the subscribers to the capital stock and by donations and the 

 amount of the loan provided herein: And provided further, That in 

 the distribution of the amounts that may remain in the treasury of the 

 board of management after the payments of the current expenses of 

 administration the amount of the appropriation hereinbefore made 

 shall be paid in full into the Treasury of the United States before any 



