D. 1898,--said right,
privilege, and exemption being subject to the terms and conditions set
forth in said Indenture;
And whereas among said terms and conditions it is declared and agreed by
said Indenture that the party of the second part within two years from
the approval (within eighteen months from the date of said contract) of
an act by the Congress of the United States authorizing the party of the
second part to construct and operate a submarine cable line between the
United States and the Hawaiian Islands shall construct, lay in proper
working order, and establish a submarine telegraph cable from a point or
points on the Pacific coast of the United States to a landing place or
places in the Hawaiian Islands with terminus at Honolulu, Island of
Oahu, according to the specifications of said Indenture, and further,
within three years from the approval of such act by the Congress of the
United States, shall in like manner construct, lay in proper working
order, and establish a submarine telegraph cable from a point or points
at or near said Honolulu to Japan;
And whereas it is provided by said Indenture that the contract therein
made and set forth shall not take effect, if at any time within six
months from the date thereof, to wit, the 2d day of July, A.
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