Page:United States Statutes at Large Volume 41 Part 1.djvu/1012

 SIXTY-SIXTH CONGRESS. Sess. H. Ch. 250. 1920. 991 erty which he is not forced to sell. All Sales made under the authority ,,£¤9;*s"*“° "`°d° li"` of this Act shall be subject to the limitations and restrictions of section Pm, it 994. 9 of the "Shipping Act, 1916," as amended. mmjssm was to Sec. 6. That the board is authorized and empowered to sell to aliens. aliens, at such prices and on such terms and conditions as it may determine, not mconsistent with the provisions of section 5 (except that completion of the payment of the purchase price and interest shall not e deferred more than ten years after the making of the contract of sale), such vessels as it shall, after careful investgation, deem imnecessary to the promotion and maintenance of an e cient Amer- _ _ ican merchant marine; but no such sale shall be made unless the C‘“’d”""" °l”‘ board, after diligent effort, has been unable to sell, in accordance with the terms and conditions of section 5, such vessels to persons citizens of the United States, and has, upon an affirmative vote of not less than live of its members, spread upon the minutes of the board, determined to make such sale; and it shall make as a part of its masse on meme records a full statement of its reasons for making such sale. De- P*’Ym°¤*S· ferred payments of purchase price of vessels under this section shall bear interest at the rate of not less than 5% per centum per annum, pagable semiannuallyi) I vestmm to nc. 7. That the ard is authorized and directed to investigate :¤;I2si?biishm’§'sie°£i¤i! and determine as promptly as possible after the enactment of this §§Qgg§,‘”§SH_§°c§§§,‘};‘§St§ Act and from time to time thereafter what steamshipllines should be trade. swestablished and Big: in operation from ports in the nited States or any Territory, trict, or ossession thereof to such world and domestic markets as in its judigment are desirable for the promotion, development, expansion, and maintenance of the fore` and coast- ’1‘rp¤.etc..¤rve¤s>1s wise trade of the United States and an adequate post§n service, and to determine the type, size, speed, and other requirements of the vessels to be employed upon suc lines and the frequency and regularity of their sailings, with a view to furnishing adequate, regular, certain, Disposal ol acquired and Stpermanent service. The board is authorized to sell, and if a iigsigiiiaté) igliihxi sati actory sale can not be made, to charter such of the vessels Sm umreferred to in section 4 of this Act or otherwise acquired by the board, as will meet these requirements to responsible ersons who are citizens of the United States who agree to establisli and maintain such lines upon such terms of payment and other conditions as the board may deem just and necessary to secure and maintain the service Temporary operadesired; and if any such steamship line is deemed desirable and §;°,§,‘ ,}fa,';°g'f,° necessary, and if no such citizen can be secured to suppl such ` service by the {purchase or charter of vessels on terms satisfiictory to the board, the board shall opxerate vessels on such line until the business is developed so that suc vessels may be sold on satisfactory terms and the service maintained, or unless it shall appear within a Rum ,0,. com mu _ reasonable time that such line can not be made self-sustaining. The ssr\yi;>¤§6¤11¤w¤<§,- Postmaster General is authorized, notwithstanding the Act entitled °' ’°’83" "An Act to provide for ocean mail service between the United States and foreign ports, and to promote commerce," approved March 3, 1891, to contract for the carrying of the mails over such lines at such rice as may be agreed upon by the board and the Postmaster ,,,0,,,% general? Provided, That preference in the sale or assignment of Prererencelsirl sales, vessels for operation on such steamship lines shall be given to per- °t°"°"°s$° °” °° sons who are citizens of the United States who have the support, financial and otherwise, of the domestic communities primarily interested in such lines if the board is satisfied of the ability of such_ persons to maintain the service desired and pro sed to be mamtamed, or to persons who are citizens of the United giiates who may then be maintaining a. service from the port of the United States to or in the general direction of the world market port to which the board has determined that such service should be established: Pmmded further,