Page:United States Statutes at Large Volume 41 Part 1.djvu/380

 SIXTY·SIXTH CONGRESS. Sess. I. Crrs. 115, 116. 1919. 359 entitled "An Act to regulate the con truction of brid es over vi- °¤¤=¤¤•>**·>¤· gable waters," approved March 23, 1906. g Da V°l‘°°’ **8* Sec. 2. That the right to alter, amend, or repeal this Act is hereby ·*¤¤°¤d¤°¤*· expressly reserved. Approved, November 19, 1919. m(i§AP. 1;.6.--An Aft 510 provide forttharggmgmgntgf the United States for Nwei§P§§1li?ll919· OIVB W ,C8I'B,8·H O CI UIIDEII l' *"‘”‘*"*`;‘ pertatioiiounder Federal controel? aiid for dther purgioses. oa S an systems of trans- [P°bu°’ N°‘8°‘] Be it enacted by the Senate and Houeleggf Representatives of the United States o?f America jm Congress assemb, That in order to make pro- t,,5?d°'°’ “"’°°°°°“' vision or the reimbursement of the United States for the sums 8dI$§:gg;*g§g;,eg advanced to provide motive power, cars, and other equipment farmouvp pgweccers. ordered by the President for the railroads and systems of transpor- °°°"’ °“’“‘g‘ tation now under Federal control, herein called ‘ car·riers," pursuant Vo, ,0 P ,55 to the authority conferred by the second paragraph of section 6 of ' ° ` the Act of March 21, 1918, the President may, upon such terms as Mm Mpaymm he shall deem advisable, receive in reimbursement cash, or oblige; ` tions of any carrier, or part cash and part such obligations, or in ' discretion he may accept for such motive power, cars, or other equip- m;*n°§°,§,f,%s§””‘{!;§,g{g· ment, cash or the shares of stock or obligations, secured or unsecured, we ’ of any corporation not a carrier organized for the purpose of owning equipment or equ§pment obligations, or part cash and part suc mln mamma shares of stock an obligations, and he may transfer to such corpo- ' ration any obligations of carriers received on account of motive power, cars, or other equipment, and he may execute any instruments necessary and proper to carry out the intent of the second paragraph of section 6 o said Act of March 21, 1918, to the end that ti e to the motive power, cars, and other equipment so ordered by the President as aforesaid for the carriers may rest in them or their trustees or nominees. D dm, m In addition to the powers herein and heretofore conferred, the ocarr1en." President is further authorized to dispose, in the manner and for the consideration aforesaid, of motive power, cars, and other equipment if any, provided by him in accordance with any other provisions of said section, and of any obligations of carriers that may be received in reimbursement of the cost thereof. · mmm M ws Sec. 2. That any contract for the sale of any motive power,_cars, ac., my provide ni or other equipment ordered or provided under any of the provrsrpns   '"" of section 6 of said Act of March 21, 1918, may provide that title thereto, notwithstanding delivery of possession, shall not vest_ in the carrier imtil the purchase price, which may be payable in installments during any  not exceeding fifteen years, shall be fully Comm mum paid and the con itions of purchase fully erformed. Any suc ,,,.,,,_ contract shall be in writing, and acknow edged or  before some person authorized to administer oaths and ed with the Interstate Commerce Commission within sixty days after the delivery thereof, and shall be valid and enforceable as against all persons whomsoever. 1,,,,,, huh Sec. 3. That nothing herein contained shall be_ deemed to_abro-· wmwga ° gate or limit the powers conferred upon the Presdent by said Act Sec. 4. That the President mayhexecutedany of the powers herein ers granted through such agencies as e ma etermm_ e. ~ dnhd Sec. 5. That this Act is emergency, enacted to meet E'°°‘°'°’ conditions growing out of war and to effectuate said Act·of March 21, 1918. · *· Approved, November 19, 1919.