Page:United States Statutes at Large Volume 41 Part 1.djvu/1021

 1000 SIXTY—SIXTH CONGRESS. Sess. II. Ch. 250. 1920. opinion that adequate shipping facilities by such vessels to such ports D€mtmS_ are afforded and shall so certi y to the commission. ,,ASSucmm,, Sec. 29. (a) That whenever used in this section- ` (1) The term ‘ ‘association" means any association, exchange, pool, Nuarm imumm combination, or other arrangement for concerted action; an companwsf (2) The term "marine insurance companies" means any persons, companies, or associations, authorized to write marine insurance or reinsurgice under the laws of lphe United States or of a State, Ter- . . rito, istrict, or ossession thereo . “““'““°° (iii Nothin ooniioinod in aio "antitrust inwon as designated in ,,,f§‘§,i,,,,§*}§§,?‘Q_ ““d‘" section 1 of 516 Act entitled "An Act to supplement existing laws V·>¤~ 3*% 1*-730- against unlawful restraints and monopolies, and for other purposes/’ approved October 15, 1914, shall be construed as declarin illegal an _ association entered into by marine insurance companies gm the fol- ,.,,‘,§§}’,§}Q‘}°“’“°“° °f lowing purposes: To transact a marine insurance and reinsurance business in the United States and in foreign countries and to reinsure or otherwise apportion among its membership the risks undertaken by such association or any of the component members. mgchip Mortgage Act, Sec. 30. Subsection A. That this section may be cited as the "Ship ' Mortgage Act, 1920." noeniuons. nrzrmrrions. Subsection B. When used in this section- “D<>c¤me¤t·" li (1) The term "document" includes registry and enrollment and cense; "D°°“m°¤°°d·" (2) The term "documented" means registered or enrolled or licensed under the laws of the United States, whether permanently or temporarily; m;§,’,‘j§E °‘ d°°“m°"‘ (3) The term "port of documentation" means the port at which _ the vessel is documented, in accordance with law; L·;,)€§§§;s_,'?‘ ‘h° (4) The term "vessel of the United States" means any vessel documented under the laws of the United States and such vessel shall be held to continue to be so documented until its documents are sur— I __ rendered with the approval of the board; and °M°'°g°g°°· (5) The term "mortgagee," in the case of a mortgage involving a trust deed and a bond issue thereunder, means the trustee designated in such deed. c,,§§§§§‘},§.i_ M §“,'fi{ RECORDING OF saws, coxvnrnxcns, AND Morsronoms or VESSELS OF §trr;i;f§t;gEt9:irSc;€;plS THE UNITED STATES. Cclicctor of customs . . to record mu of sitio, Subsection C. (a) No sale, conveyance, or mortg o which, at the ‘*“" time such sale, conveyance, or mortgage is made, inhludes a vessel of the United States, or any portion thereof, as the whole or any part of the property sold, conveyed, or mortglaged shall be valid, in respect to such vessel, against any person other than the grantor or mort— gagor, his heir or devisee, and a person having actual notice thereof, until such bill of sale, conveyance, or mortgage is recorded in the office of the collector of customs of the port of documentation of such vessel, as provided in subdivision (b) of this subsection. R°°°"1 b°°k‘ (b) Such collector of customs shall record bills of sale, conveyances, Comm and mortvages, delivered to him, in the order of their reception, in ' books to be kept for that purpose and indexed to show- (1) The name of the vessel; (2) The names of the parties to the sale, conveyance, or mortgage; (3) The time and date of reception of the instrument; (4) The interest in the vessel so sold, conveyed, or mortgaged; and Mmwges Ofming (5) The amount and date of maturity of the mortgage. sooifinimons io Subsection D. (a) A valid mortgage which, at the time it is made %§§¤‘§f,‘i§'§€§_ Sims" includes the whole of any vessel of the United States of 200 gross tons and upwards, shall in addition have, in respect to such vessel and as