Page:United States Statutes at Large Volume 40 Part 1.djvu/457

 SIXTY-FIFTH CONGRESS. Sess. II. Cir. 19. 1918. 439 erson shall be aid seventy-five per centum of the amount so Sully °‘°-· “ °m°“”‘ getermined, and shall be entitled to sue the United States to recover lmsammml such further sum as added to such seventy-Eve per centum will make such an amount as will be just compensation for the property ${j{°;6d*g;~1m lm or interest therein so taken, in the manner provided by section ’ ' twenty-four, paragraph twenty, and section one hundred and forty-five of the Judicial Code. I _ That whenever the said United States Shipping Board Emergency ,i.,‘;’.:}‘;$;£f,.,g;,‘;S,i§: Fleet Corporation shall requisition any property or rights, or upon mdthe filing of a petition for condemnation hereunder, immediate possession ma be taken by it of such land, houses, or other property, rights, am; facilities, to the extent of the interests to be ac uired therein, and the same ma be immediately occupied and used and 6§$S§§§l§%§§Y°“°l°* the provisions of section three hundred and Hg-Eve of the Revised R· Se ¤°°· 355· P- 60- Statutes, providing that no public money sh be expended upon such land until the written opinion of the Attorney General sha be had in favor of the validity of the title nor until the consent of the legislature of the State in which the land is located has been given, shall be, and the same are hereby, suspended~ as to all land acquired heglnderi b h 1 Powers to cease on e power to ac uire roperty y purc ase, ease, uisition, or u,,,,,,,,,,u,,,,,,,w,,,_ condemnation, or go conlstruct houses, or other builliiidiililgs, and to make loans, or otherwise extend aid as herein granted shall cease with the termination of the present war with Germany. The date of the conclusion of the war s all be declared by proclamation of the President. The word " erson" used herein shall include a trustee, firm, or T°"“°°““'°°°· corporation. The word "shipyard" shall include any factory, workshop, warehouse, engine works, buildings, or grounds used for manufac, assembling; construction, or other process in shipyards and doc§%ards and ch terminals, and other facilities conn§1ct}e)di1 erewith, now or hereafter used in connection with s u g. _ 'lzhat for the purpose of carrying out the provisions of this Act the  °“"`°”` expenditure of $50,000,000 is hereby authorized, and in executing Pg»¢, p- M1- the authority granted by this Act, the said United States Shi ping Lmmmm Board Emergency Fleet Corporation shall not expend or obggate the United States to expend more than the said sum, nor shall any contract for construction be entered into which provides that the compensation of the contractor shall be the cost of construction plus a percentage thereof for profit, unless such contract shall also Ex the reasonable cost of such construction as determined by the United States Shipping Board Emergency Fleet Corporation and tpirovide that upon any increase in cost above the reasonable cost so ed by such board, the percentage of rofit shall decrease as the cost increases in accordance with a rate to be fixed by said board and expressed in the contract. No contract shall be let without the approval of the _ United States Shipping Board Emergency Fleet Corporation: Pro- §§§$'g,S em ,0,. vided, however, That nothing herein contained shall be construed to www ¢¤>¤¤x$1¤¤·>i prevent said board from contracting for the payment of premiums or bonuses for the speedy completion of the work contracted for: Repmmc Provided further, That the United States Shipping Board Emer— ' gency Fleet Corporation shall report to Coaplgress on the first Monday m_ December of each ear the names of persons or corporations with whom it has madly-: contracts and of such subcontractors as may _ be employed in furtherance of this Act, including a statement of the ,,uD§°“1§'§§l§,t§§°“i§°§§l purposes and amounts thereof, together with a detailed statement ¢¤S¤§);1°·°°°· of all_ expenditures by contract or otherwise for land, buildings, material, labor, salaries, commissions, demurrage, or other charges m excess of $10,000. Approved, March 1, 1918.