Page:United States Statutes at Large Volume 41 Part 1.djvu/1029

 1008 SIXTY—SIXTH CONGRESS. Sess. II. Cns. 250, 251. 1920. t§;§§§jd§§§,g'§§jc§{ Sec. 37. That when used in this Act, unless the context otherwise requires, the terms "person," "vessel," "documented under the _ laws of the United States," and "citizen of the United States" shall V°‘· 39· pP· '28* m have the meaning assigned to them by sections 1 and 2 of the “Shipping Act, 1916," as amended by this Act; the term "b0ard" means the United States Shipping Board; and the term "alien" means ang person not a citizen of the United States. _ £,}T°*·39»P·’2°»¤m¢¤d· (pc. 3f8.uThat section 2 of the Shipping Act, 1916, is amended to rea as o ows: C°¤°’°'“¥*€ i¤*¤*°¤’° "Sr:0. 2. (a) That within the meanin of this Act no co oration iii»°3i•-P¤•?i?1m¤iiiméi°nt§2riii gartnershilp, or association shall be dee§1ed a citizen of tllig United tates un ess the controlling interest therein is owned by citizens of the United States, and, in the case of a corporation, unless its president and managing directors are citizens o the United States and the corporation itself is organized under the laws of the United States or o a. State, Territory, District, or possession thereof, but in the case of a corporation, association, or partnership operating °°”“'i$° "’*‘*°· any vessel in the coastwise trade the amount of interest required to be owned by citizens of the United States shall be 75 per centum. mf{°§;;g§g€0;*§£*g’g’; " (b) The controlling interest in_ a corporation shall not be deemed cigxggensést m d to be owned by citizens of the United States (a)_1f the title to a mar S Sw ° ‘ jority of the stock thereof is not vested m such citizens free from any trust or fiduciary obligation in favor of any person not a citizen of the United States; or (b) if the majority of the voting power in such corporation is not vested in citizens of the United States; or (c) if through any contract or understanding it is so arranged that the majority of the voting power may be exercised, directly or indirectly, in behalf of any rson who is not a citizen of the United States; or (d) if by any otliidr means whatsoever control of the corporation is conferred upon or permitted to be exercised by any person who is not a citizen of the United States. mggrggggrggjegggggg " (c) Seventy-five per centum of the interest in a corporation shall owned bymaens. not be deemed to be owned by citizens of the United States (a) if the I“*°’°s‘“*’°°'°°"· title to 75 per centum of its stock is not vested in such citizens free from any trust or fiduciary obligation in favor of any person not a citizen of the United States; or (b) if 75 per eentum of the voti power in such corporation is not vested in citizens of the Unitgd r tates; or (c) if, through any contract or understanding it is so arranged that more than 25 (per centum of the voting wer in such corporation may be exercise, direct} or indirectly, inllgehalf of any person who is not a citizen of the Uyiiited States; or (d) if by any other means whatsoever control of any interest in the corporation in excess of 25 per centum is conferred upon or rmitted to be exercised by any person who is not a citizen of the fignited States. Receivers ams trus· " (d) The provisions of this Act shall apply to receivers and °°°““°'“"°d‘ trustees of all g)€l`S%DS to whom the Act applies, and to the successors or assignees o suc persons. rms. A Sec. 33. That this Act may be cited as the Merchant Marine - ct, 192. Approved, June 5, 1920. Ju¤e5,1920· cia?. 251.-An Act To amend the Act entitled "An Act to exclude and expel som the runes sms ahem who are members of the tenement me amine ¢1¤se¤,*· ‘P“‘”"°*°‘°· 2**** approved october ie, 1918. _ _ Be it enacted by the Sevuzte and Home 3'Rc esentatives of the United {§";§}*ug'§7‘g§{°‘§, 3,,,,,, States of America in Congress assemble, Tgt section 1 of the Act ¤¤=¤<¤¤¤¤¤¤»¤¤¤· entitle “An Act to exclude and expel from the United States aliens