Page:United States Statutes at Large Volume 40 Part 1.djvu/478

 460 SIXTY-FIFTH CONGRESS. Sess. II. C11. 28. 1918. "’°”‘*"i’· Hmm. deem it necessary for the national security and defense: Provided = on That if such property can not be procured by purchase, then the; President is authorized and empowered to take over for the United P°Y***°**“°*· States the immediate possession and title thereof. If any such property shall be taken hlverfas afegesgid, the E1ln_[itedhSt3a,.tes shall _ e just compensation there or to e etermine y the resident. .”*`**‘° ’° "°S* *******°· Upon the taking over of said property by the President, as aforesaid, d1ately._ _, _ _ phygggvgicucn mt ¤p· the title to all such property so taken over shall immediately vest R_S_,m,35»;,p_60_ 111 the United States: Provided further, That section three hundred and fifty-five of the Revised Statutes of the United States shall not apply to any expenditures herein or hereafter authorized in connection with the property acquired. §’:§°*;Y4;_f  The fourth paragraph of section twelve of the "Trading with the ea. ` ’ enemy Act," applroged Opltobeg Hsixth, nineteen hundred and seventeen, is amen e to rea as o ows: ` °¤s°°<****¤***=d°**’**** "The alien propert custodian shall be vested with all of the tee oi all property other { , tummmy. powers of a common- aw trustee in respect of all property other than money, which has been or shall be, or which has been dr shall be_requ1red to be, conveyed, transferred, assigned, delivered, or pgild over to him m pursuance of the provisions of this Act, and, in vested with aww- a ition thereto, acting under the supervision and direction of the ,,,,,,,,,,,,mg,,,,,,,,,,,,,,c_Pres1dent, and rmder such rules and regulations as the President shall prescribe, shall have polwer tp manpkge such diproperty apd do any act or tlnngg m res ct thereo or m e an position thereo or of any part thereof, KQ? sale or otherwise, andr exercise any rights or powers which may be or become appurtenant thereto or to the ownership thereof  like manner as though he were the absolute §’,'§g"'f,’,;,,,,d,°,,,,- owner thereof: Provided, That any property sold under this Act, gga ***&¤¤S¢ *>id¤¤*· except when sold to the United States, shall be sold onl to American ` citizens, at public sale to the highest bidder, after pulsilic advertisement_of time and place of sale which shall be where the property or a major oprtion thereof is situated, unless the President stating the _ _ _ reasons therefor, in the public interest shall otherwise determine: b,§§"’°t‘°“ t° '°*°°t Provided further, That when sold at public sale, the alien property custodian upon the order_ of the resident stating the reasons therefor, shall have the right to_reject all bids and resell such property at public sale or otherwise as the President may direct. biggglshgrgrgsggr fer- Any person purchasing praoiperty from the alien property custodian P for an updisclosed prrncip, or for re—sale to a person not a citizen of tho hinted States, or for the benefit of a_person not a citizen of the Lnrted States, shall be gurltg] of a rmsdemeanor, and, upon conviction, shall be subject to a e of not more than $10,000, or _ imprisonment for not more than ten years, or both, and the property ,,,€€,Z,°§,§’,§,§‘Q,§’,‘§;$§;? shall be forfeited to the United States. It shall be the duty of every ` unmcorporatec association or company or trustee or trustees within the United States issuing shares cir certificated re resentin . . . P. g beneficial interests to transfer such shares or certificates upon its, his, or their books into the name of the alien property custodian DVM { as upgn demand, accompanied by the presentation of the certificates °·=’  ¥’*’°°E° · w ch represent suc shares or beneficial interests. The alien property custodian shall forthwith deposit in the Treasury of the 'nrted States, as hereinbefore provided, the proceeds of any such property or rights so sold by him." B“"““°fEm““"‘°F· BUREAU OF EFFICIENCY. _g&§jg§}{3S§j_,°,§y*}**’°S*i· _ To enable the Bureau of Efiiciencv, authorized by the urgent deii· Vol. 39. p·15. ciency appropriation Act approved February twenty-eighth, nineteen hundred and sixteen, to establish and maintain a. system of efficiency ratings, toinvestrgate administrative needs of the service relating to personnel in the several executive departments and independent es-
 * S<;<z£1r;¤Y¤¤m¤¤¤¤¤ corporation iricorporated within the United States and every