Page:United States Statutes at Large Volume 47 Part 1.djvu/681

 72d CONGRESS. SESS. I. CAS. 472, 473. JULY 12, 1932 . 657 veyance of title to the United States : Provided, however, That the ~to__ total limit of cost to the United States of such parcel of land and building, including the cost of any necessary remodeling of sa id building, shall not exceed the sum of $14,500,000 and interest
 * Pro-

vided further, That the contract of purchase, if made, shall provide by 8n nv oe l title 01 for the conveyance to the United States of title to said property on or prior to January 1, 1933, and for the payment of the agreed, pur- chase price of said property on June 30, 1937, except that the treas- ury Department, at its election, may pay any part of the agreed Payments. purchase price prior to said date, and except that commencing on the date of the conveyance of title to said property to the United States and continuing until January 1, 1934, there shall be paid each month to be applied on account of the agreed purchase price a sum not in e xcess of the agg regate m onthly r ental now paid by the Pos t Office Department for the spaces occupied by the Post Office Depart- ment in said building and in the adjacent buildings to the north and south, and except that commencing on January 1, 1934, and contin- uing to the date of the full payment of the agreed purchase price there shall 'be paid each month, to be applied on account of the agreed purchase price as aforesaid, a sum not less than one-twelfth of the p roduct a rrived a t by mul tiplying the aggr egate sq uare-foo t area of the spaces now occupied by the Post Office Department in said building and in the adjacent buildings to the north and south, by a rate per square foot to be agreed upon by the owner and the Secretary of the Treasury, not in excess of $2 .50 per square foot and not less than the average rental per square foot now payable th an Installments not less by the Post Office Department under the present leases of the spaces occupied by the Post Office Department in the said build- ing and in the adjacent buildings to the north and south
 * Provided

further, That any appropriations made or hereafter made to the p ~gl tlon of appro- Post Office Department for the payment of rent under the leases now in effect and hereinbefore mentioned shall, upon the conveyance of title to the United States, be available to the Secretary of the Treasury for the aforesaid monthly payments on account of the purchase price : Provided further, That the Treasury Department at interest on unpaid the date of its payment of the full purchase price shall pay interest balances. upon the unpaid balances of said purchase price to be computed from the date of the conveyance of title to said property to the date of the payment of the full purchase price at a rate not in excess of 4 per centum per an num to be ag reed upo n by the ow ner and the Secretary of the Treasury : And prov ided f urthe r, That all other Discretionary terms. terms an d condit ions in connecti on with the purch ase of s aid prop - erty shall l?e in the discretion of the Secretary of the Treasury. App roved, J uly 12, 1932. [CHAPTER 473 .] JOINT RESOLUTION Ju ly 12, Construing section 503 (b) of the Tariff Act of 1930. [H. J. xes .8 1932. 38.1	[Pub. Res ., No. 37.1 Resolved by the Senate and House of Representatives of the United States o f America in Congress assembled, That it was and Tariff Sec ti on Act ofro ... is the true inte nt and meaning o f section 503 (b ) of the Act enti tled strued. "An Act to provide revenue, to regulate commerce wi th foreign Vol.46,p. 731. countries, to encourage the industries of the United States, to protect American labor, and for other purposes," approved June 17, 1930 Vol.42,p.9&3. and of t he concl uding pr ovision of secti on 489 of the Act entitle d `An Act to provide rev en ue, to regulate commerce wit h for ei gn 30 51 °-33-42