John M. Hay, Secretary of State, and Tomas Herran, Ambassador from Colombia, sign the 1903 Treaty of Washington, ceding a ten-mile strip of land across the Colombian enclave of Panama, for the construction of a canal between the Pacific Ocean and the Caribbean Sea. In return for perpetual sovereignty, the United states agrees to pay Colombia a one-time fee of 25,000,000 Dollars (lawful Money) and annual payments of 250,000 Dollars.
[restored 5/29/2022]
Subsequent Events:
Authority:
Article II, Section 2 [Clause 2]
ccc-2point0.com/constitution-for-the-united-states
References:
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 262.
Hay-Herrán Treaty – Wikipedia
en.wikipedia.org/wiki/Hay%E2%80%93Herr%C3%A1n_Treaty
Current U.s. National Debt:
