Page:United States Statutes at Large Volume 36 Part 1.djvu/859

 SIXTY·FIRST CONGRESS. Sess. II. Crrs.406, 407. 1910. 835 Sec. 4. That the Secretary of the Interior shall prescribe such R°8“l¤*i°¤¤- rules and regulations as will be necessary to the carrying out of the foregoing provisions. Approved, June 25, 1910. CHAP. 407.—An Act To authorize advances to the "reclamation fund/’ and for June 25, 1910. the issue and disposal of certificates of indebtedness in reimbursement therefor, and [H- **18398-1 for other purposes. [rebut, No. zag.] Be it enacted by the Senate and House of Representatives of the United States.o;{;1Amer1ba in Congress assembled, That to enable the Secretary gjglggegggl Q;¤(§]h of the terior to complete government reclamation projects hereto- Treasury authorized fore beggp, the Secretarylof the Treasury is authorized, upon request ‘°' "’°’°°"‘ of the retary of the terior, to transfer from time to time to the credit of the reclamation fund created by the Act entitled "A.n Act appropriating the receipts from the sale and disposal of public lands in certain States and Territories to the construction of irrigation works for the reclamation of arid lands/’ approved June seventeenth, nineteen hundred and two, such sum or sums, not exceedin in the Ass¤8¤¤¤· aggregate twenty million dollars, as the Secretary of the Tnterior ma deem necessary to complete the said reclamation projects, and such extensions thereof as he may deem proper and necessary to the successful and profitable operation and maintenance thereof or to protect water rights pertaimng thereto claimed by the United States, rovided the same s all be approved by the President of the United States; and such sum or sums as may be required to comply with Ar>r>r¤r>¤¤¢i¤¤- the foregoing authority are hereby appropriated out of any money in the Treasury not otherwise appropriated: Provided, That the sums f,‘;,"‘$,°,,°,kpe,._ hereby authorized to be transferred to the reclamation fund shall be formed. so transferred only as such sums shall be actually needed to meet payments for work performed under existing law: And provided R°‘m*"‘”°“"’“*~ {tinker, That all sums so transferred shall be reimbursed to the _ ti d reasu from the reclamation fund, as hereinafter provided: And ¤p}i,i$`»iiiui»r°iimieI$¤ further, That no part of this appropriation shall be ex- ’°‘1““'°d· pended upon any existing préoject until it s all have been examined and reported upon by a ard of engineer officers of the Army, designated by the President of the United States, and until it shall be approved by the President as feasrbleand practicable and worthy of such expenditure; nor shall any portion o this appropriation be _ ex ended u on any new project. Sec. 2. 'Illiat for the piupose of providing the Treasury with funds O,I§?;egfeg;*;;g¢:*§§ for such advances to the reclamation fund, the Secretary of the Treas- memes. ury is authorized to issue certificates of indebtedness of the United States in such form as he may prescribe and in denominations of fifty dollars, or multiples of that sum; said certificates to be redeemable at the option of the United States at any time after three years from the date of their issue and to be payable five years after such date, and to bear interest, payable semiannually, at not exceeding three per centum per annum; the principal and interest to be ayable in gold coin of the United States. The certificates of indebtedness herein D*SP°*¤1 °*· authorized may be disposed of by the Secretary of the Treasury at not less than par, under such rules and regulations as he may prescribe, giving all citizens of the United States an equal o portunity to subscribe therefor, but no commission shall be allowedp and the ag egate ¤‘·88*°8°'°“m**°d· issue of such certificates shall not exceed the amount of all adgdances made to said reclamation fund, and in no event shall the same exceed the sum of twenty million dollars. The certificates of indebtedness m§,¤°mP° "°’¤ ’°”‘ herein authorized shall be exempt from taxes or duties of the United ` States as well as from taxation in any form b or under state, munici— A to mmm for pal, or local authority; and a sum not exceeding one—tenth of one per pregaiiinlg, em.