TWENTY-NIKTH CONGRESS, 1845-47. 



from the accruing interest and not from the principal of the said fund. 

 And be it further 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 here- 

 by are, pledged to refund to the Treasury of the United States the sums 

 hereby' appropriated. ^ ?> ^ ^ ^ ^ ins tf tutio n 



shaU 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 Smith- 

 r Institution," with perpetual succession, and the usual powers, duties, 

 ^HhnHes incident to corporations. And the said board of managers 

 "hall be composed of the Vke-President of the United States the Chief 

 Justice of 52 United States, and the mayor of the city of Washington, 

 '!* the time for which they shall hold their respective offices, three 

 members of 1^ Senate, and three members of the House of Representatives 

 Either w ith six other persons, other than members of Congress two of 

 Ihom sU be Timbers of the National Institute in the city of Washing- 

 ion Tnd relidenUn the said city ; and the other four thereof shall be m- 

 MMtants of Sta es! and no two of them of the same State. And the man- 

 lrs to be Delected as aforesaid, shall be appointed immediately after the 

 Sre of thi act-the members of the Senate by the President thereof ; 

 Thf numbers of the House by the Speaker thereof; and the six other per- 

 the members ^ y ^ f Represe ntatives ; and 



theme^ber o7 the House so appointed shall serve until the fourth Wed- 



