FIFTY-EIGHTH CONGRESS. Sess. III. CHS. 298, 299, 453, 1905. 689 the purposes of organization and_ the transaction of such business as shal be incident thereto at such t1me and place as may be convenient. Sec. 7. That Congress reserves the right to alter, amend, or repeal MWL this Act at pleasure. Approved, February 4, 1905. · CHAP. 299.—An Act To amend section five hundmd and nity-two of the Code of February 4, 1905 Laws for the District of Columbia, relating to incorporations. [H- R·18“85-] _ _ [ u , . . Be at enacted by the Senate and House ofRq>resentatzves of the United Pub c No 42] Egéttes ofdnmeinicg Oongnjss assemiged, That sectign five hundred and Dismcrcétggnnnbm y-two o the e o ws for e District of olumbia is hereb "` ’ nlmended by eaiddsilng thereto theh following: In addition to the fee5s execs for wwrdinz. erein requir , l corporations ereafter incorporated in the District v 1, gi, , me of Columbia shall pay to the recorder of deeds at the time of the filing ““‘?““°‘*· p of the certificate of incorporation fortty cents on each thousand dollars of the amount of the capital stock of e corporation as set forth in its said certificate: Hwided, however, That the ee so paid shall not be less Q,j’,'{';f’“u,u_ shin twlentydive itilollars: Anl-dl p1·0videdfm·t/ter, t the recorder of Restriction. e s s all not le or reco any certificate of organization of any inco ration until it has been roved to his satisfaction that all the ."l’° . P . . . capital stock nfl said company has neon subscribed for in iced faith, and not less t n ten per cent of the ar value of the stoc has been actually paid in cash, and the money derived therefrom is then in the possession of the persons named as the first board of trustees. Approved, February 4, 1905. CHAP. 453.-An Act To amend an Act approved July first, nineteen hundred and Fsgwx two, entitled *‘An Act temporarily to lprovide for the administration of the affairs of civil government in the Philippine Is ands, and for other purposes," and to amend [Public, No. 4s.] an Act approved March eifght , nineteen hundred and two, entitled "An Act temdporarilynl to prnpide revenenp pr thlnPh1l1plp1ne glandnhglncn fpir otll1e:·hpn;p:sets,;l’ an {Aw 81 l’0V -81*0 S€COD,D1D€6I1 TG RI`} l`,DI€ I1 hl:-Italo esihblishaggtandard of cyague alnd to proxgde focr alcoinage nystexn in nie Phil- ' i I l ds," d t ·i o the more e cien a minis ra ion o civi verniiignltein ih; Philiprping lsldhdsii anld for other purposes. go Be it enacted by the Senate and Ibuae of Representatives of the United States of America in Cbngress assembled, That all bonds issued by the Gg;};ll}l\r;i_>;¤;¤; °l{¤¤¤¤¤. government of the Philippine Islands, or by its anthority, shall be gm exempt {mm exempt from taxation bly the Government of the United_States, or by · the government of the hilippine Islands or ofbany political or munici l subdivision thereof or b any Ntate or y any county municipidlitv, or other municiptd subchvisiiog cif any State or Territory of the lnited States or by the District o o um ia. i Sec. 2. Theit for the purpose of providing funds to construct port P£°,;f tlggfjeégg and harbor works, bridges, roads, buildings for provincial and munic- cummuedi ipal schools, court—h0uses, penal institutions, and other public improvements for the development of the Philippine Islands by the general government thereof, the said government is niuthorized fnpm lnnne to t'm to i cur i debtedness, borrow money an to issue an se erefhriat nbt les; than r value in gold coinaof the United States) registered or coupon bon£a of such denominations and payable at such time or times, not later than forty years after the date of the approval of this Act, as may be determined by said government, with intcrest)thereon t not to exceed four and one—half per centum per annum: ] romded, HP""’“°‘_ · mam That the entire indebtedness of said government created by the dujm authority conferred by this section shall not exceed at any one time vox. xxxm, rr 1--14
