Page:United States Statutes at Large Volume 44 Part 2.djvu/741

 SIXTY-NINTH CONGRESS. Sass. I. Cu. 486. 1926. 701 Sno. 4. After ninety da from the date of the a roval of this N°“°°·“°¤ *° ¤°'· Act, and after the apprahlal of the lands hereinbeggre mentioned ;ia°°¤u°i»i1li.YiQ°¤nil.;iiI shall have been made and approycd by the Secretary of  NFN)', notification of the fact of such, appraisal shall bepgivcn by the Secretary of the Navy to the governor of the State in which each such tract is located as to such lands not to be turned over to any other executive department or Government establishment, aadisuc ,°‘¤;¤g;g_¤;e¢¤¢¤{;¤¤¤=¤• State, or the county in which such land is located, ior the municipality mm. ‘ ° " °° °°‘ in or nearest which such land is locatedshall, in the order nam _, have the option at any time within six months after such notilication to the governor to acquire the same or any part thereof which shall have been separately aplpgaised and approved upon payment within such period of six mont of the appraised value thereof: Provided, {,’:,g•;·,·m to bu however, That the conveyance of said tractof ;land to such State, mmm. °° ° county, or municipality shall be upon the condition andtlimitation that said property shall be limited to the retention and use for public purposes and upon cessation of such retention anduse shall revert to the ]United States without notice, demand, _or _ action Emmm Mmm kx brought: And provided further, That if the pro _ omcial or board P¤Y¤1¢ntby saunas. of any such State, county, O1 municipality shagctwithinsuch time limit notify the Secretary of the Navy that said State, county,. or municipality desires to exercise such option but has not the money availab e with which to make the payment, then said land or suc part thereof as may have been separately designated shall be held for sale to such State, county, or municipality for a period not to exceed two years from the date of such noti cation. DMN, B, mum, Sno. 5. Six months after the date of the notification of said 09¢ionnotaxerdaed. appraisal, if the option given in section 4 hereof shall not have been exercised in the manner herein specified or after receipt by the Secretar of the Navy of notice that the State, county,_and mumci- ality dh not desire to exercise the option herein granted, the Secretary of the Navy may sell or cause to be sold each of said properties at public sa e at not less than the appraised value thereof, after advertisement in such manner as he may irect. , Sno. 6. The expenses of a praisal, survey, advertising, and all ,1E,§,°f’”°° °'“*""“" expenses incident to the sale olf the property ereinbefore authorized for disposition shall be paid from the proceedsof the sale of any of the properties sold under this Act: Provided, That no auctioneer f${§’,;,,, M ,,m_ or rson acting in said capacity shall be paid a» fee. for the sale of i*•¤· saidiepropery in excess of $100 a day. ' S ‘ Sac. 7. A full report of all trans ers and sales made under the pro- Bewrt to Cowes- visions of this Act shall be submitted to Congress by the Secretary of the Nayy upon the consummation thereof. . Sac., 8. `he authority granted légcthis Act repeals all prior legis- ,,,};°,‘f,l,j,?‘g,,,d‘§°‘““*”°‘ lative authori? granted to the` retary of the Navy to sell or transfer  o the reservations herein designated. r Sno. 9. hat the netproceeds from the salevof the surplus Navy Department property, hereinbefore designated, shall be deposited in w¥{:{,g· €gg1;9·¥g¤ the Treasury to the credit of a fund to be known as the Naval Public 1:01. ` Works Construction Fund, to be and remain available until expended for permanent construction for the Naval Establishment in such amounts as may be authorized from time to time by the Congress: ·p,,,,,,,,_ Provided, That estimates of the money to be expended. from theysaid AI?,g*uj'=_§jg§<>,l*=1·;g¢ Naval Public Works Construction Fund, including a statement of pm ` the specific construction rojects embraced in suchpestimate »shall be su mitted annuall to Exe Congress by the Secretary of .theSNavy: R rs, t the Promkled further, 'Iyhat any ba ance remaining unexpended or rmisiiiry lithium on pinoblligzigegcg in this fund shall revert to the Treasury on the 4th of M“'°°"1°°3‘ arc,.