Page:United States Statutes at Large Volume 50 Part 1.djvu/50

 75TH CONGRESS, 1sT SESSION-CHS. 25-27-MARCH 4, 193 7 SEC. 2 . The right to alter, amend, or repeal this -Act is hereby expressly reserved. Approved, March 4, 1937. [CHAPTER 261 [CHA PTER 27] Amendment. AN ACT Marc h 4,19 37 Authorizing the Secretary of the Navy to accept gifts and bequests for the benefit [S. 11281 of the Of fice of Na val Record s and Libr ary, Navy Department. [Public, No. 12J Be it enacted by the Senate and Ho use of Representatives of the United States o f America in Congress assembled, That the Secretary of the Navy is hereby authorized to accept, receive, hold, and admin- ister gifts and bequests of personal property, and loans of personal property other than money, from individuals or others for the benefit of the Office of Naval Records and Library, Navy Department, its collection or its services. Gifts or bequests of money shall be deposited in the Treasury of the United States as trust funds under the title "Office of Naval Records and Library Fund ." SEC. 2. Gifts or bequests for the benefit of the Office of Naval Records and Library, Navy Department, its collection or its services shall be exempt from all Federal taxes. SEC. 3 . The Secretary of the Treasury is authorized, upon the request of the Secretary of the Navy, to invest or reinvest the-trust fun ds, or any pa rt thereof, d eposited in th e Treasury pu rsuant to section 1 of this Act in securities of the United States Government or in securities guaranteed by the United States Government. The interest accruing from such securities shall be deposited to the credit of the Office of Naval Records and Library Fund. Approved, March 4, 1937. Offi ce of Naval R ec- or ds and Library, Navy Department. Acceptance of gifts, etc., authorized. Deposits of money as trust funds. Tax exemption. Inve stment s of tr ust funds. Interest . 25 AN ACT March 4,1937 To authorize the acceptance of certain lands in the city of San Diego, California, [x .11301 by the United States, and the transfer by the Secretary of the Navy of certain [Public, No. 13] other lands to said city of San Diego. Be it enacted by the Senate and House o f Representatives o f the United States o f America in Congress assembled, That the Secretary of the Navy be, and he is hereby, authorized on behalf of the United States to accept from the city of San Diego, California, free from all encumbrances and without cost to the United States, all right, title, and interest in and to the lands contained within the following- described area : Beginning at the intersection of the southeasterly line of Harasthy Street with mean high-tide line of the Bay of San Diego, as said mean high-tide line was established by that certain superior court action numbered 35473 ; thence southwesterly along the south- westerly prolongation of the southeasterly line of Harasthy Street a distance of one hundred and fifty-nine and sixty-six one-hundredths feet to an intersection with the northeasterly Marine Base boundary li ne ; thenc e north sixty degree s thirt y-four minute s fifty -nine s econds west along the said Marine Base boundary line a distance of one thousand nine hundred and twenty-nine and eleven one-hundredths feet to its intersection with the said mean high-tide line of the Bay of San Diego ; thence in a general southeasterly direction, following along the said mean high-tide line to the point, or place of beginning, containing five and twenty-four-hundred-and-seventy-four ten-thou- sandths acres of land ; also approximately five hundred and forty- four acres of pueblo lands, owned by the city of San Diego, more particularly described as follows : The easterly half of pueblo lot Ban Diego, Calif. Exchange of certain lands authorized. Tract ceded by city