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16 U.S.C. § 212Endowment fund; protection and preservation

submitted 110 years ago by ch. 247 to r/title-16-CONSERVATION · 242 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law accepts a $50,000 endowment fund for the Lincoln birthplace site. The fund came from the Lincoln Farm Association's 1916 gift to the United States. The U.S. must keep the site a free public park and preserve it forever.

This section is a single, undivided rule. The United States accepts title to a $50,000 endowment fund. That fund was part of an assignment and transfer executed on April 11, 1916 by the Lincoln Farm Association — a corporation — and that was in the possession of the Secretary of War as of July 17, 1916. Through that transfer, the Lincoln Farm Association gave the United States all its right, title, and interest in the endowment fund, which had previously been invested in stocks, bonds, and securities the Association held and owned. Exactly which stocks, bonds, and securities are identified in the assignment and transfer document itself, not in this section. The United States accepts the fund on the terms and conditions stated in that assignment and transfer. Those terms require the United States to: - Forever keep the described tract of land, along with its buildings and appurtenances, dedicated to use as a national park or reservation. - Never charge or ask the public for any fee to enter the park or reservation. - Forever protect, preserve, and maintain the land, buildings, and appurtenances — especially the log cabin where Abraham Lincoln was born and the memorial hall enclosing it — from damage, destruction, and further deterioration, so that they may be preserved, as far as possible, for all time as a national park or reservation.
the actual law source: uscode.house.gov ↗public domain

The United States of America also accepts title to the endowment fund of $50,000 mentioned in the assignment and transfer, in the possession of the Secretary of War, on July 17, 1916, which assignment and transfer was executed on the 11th day of April, 1916, by the Lincoln Farm Association, a corporation, to the United States of America, transferring and turning over all its right, title, and interest in and to said endowment fund, heretofore invested in certain stocks, bonds, and securities held and owned by the Lincoln Farm Association, and more particularly identified and described in said assignment and transfer. The title to said endowment fund is accepted upon the terms and conditions stated in said assignment and transfer, namely, that the United States of America shall forever keep the said tract of land described in said deed, together with the buildings and appurtenances thereunto belonging, dedicated to the purpose of a national park or reservation, and that there shall never be any charge or fee made to or asked from the public for admission to the said park or reservation; and further, shall forever protect, preserve, and maintain said land, buildings, and appurtenances, and especially the log cabin in which Abraham Lincoln was born and the memorial hall inclosing the same, from spoliation, destruction, and further disintegration, to the end that they may be preserved for all time, as far as may be, as a national park or reservation.

Source credit: (July 17, 1916, ch. 247, § 2, 39 Stat. 385; July 26, 1947, ch. 343, title II, § 205(a), 61 Stat. 501.)

history & why it existsrecord from the source credit
  • 1916Enacted · Act of July 17, 1916, ch. 247 · 39 Stat. 385
  • 1947Amended · Act of July 26, 1947, ch. 343 · 61 Stat. 501

A history note hasn’t been published yet. The record shows enactment by ch. 247 on 1916-07-17.

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