Page:United States Statutes at Large Volume 62 Part 1.djvu/1109

 62 STAT.] 80TH CONG. , 2D SESS.-CH. 706-JUNE 29, 1948 system, construction facilities, living quarters and other buildings, warehouses, storehouses, hotels, a printing plant, commissaries and manufacturing, processing or service facilities in connection therewith, laundries, dairy facilities, restaurants, amusement and recreational facilities, and other business enterprises, facilities, and appurtenances necessary or appropriate for the accomplishment of the purposes of this article. "(d) May make or furnish sales, services, equipment, supplies, and materials, as contemplated by this article, to vessels, to agencies of the Government of the United States, to employees of the Government of the United States, and to any other governments, agencies, persons, corporations, or associations eligible to make or receive such purchases, services, supplies, or materials under the laws prevailing at the time and the policies heretofore or hereafter adopted consistently with such laws. " (e) May use the United States mails in the same manner and under the same conditions as the executive departments of the Federal Government. "(f) May take such actions as may be necessary or appropriate to carry out the powers in this article or hereafter specifically conferred upon it: Provided,That the corporation shall undertake no new types of activities not included in the annual budget program prescribed by section 102 of the Government Corporation Control Act (except those which may be transferred to it under the provisions of section 246 (b) of this title) : And provided further, That in the event an emergency is declared to exist by the board of directors during a period when the Congress is not in session (or by the Governor of the Panama Canal, acting in his capacity as president of the corporation, with the concur- rence of as many of the directors as may be consulted without loss of time unreasonable in the circumstances) recommended appropriate action within the scope of this article may be undertaken. A report on such emergency activity shall be presented promptly to the Congress, when it reconvenes, for its approval and such action as it may deem necessary or desirable with respect to reimbursement through supple- mental appropriation of funds to cover costs or losses arising from such emergency. "250. SUBJECTION OF CORPORATION TO LAWS APPLICABLE TO NEW YORK COMPANY.- The corporation shall, so far as consistent with the terms of this article, be deemed subject to all provisions in treaties and in Acts of the Congress of the United States, now in force, which relate or apply to the New York company; and shall have all the rights, privileges, and exemptions, and be subject to all the obligations, liabili- ties, and responsibilities applicable to the New York company under or by virtue of such provisions. "251. TAKING OVER OF ASSETS AND LBIIrrES OF, AND DISSOLUTION OF, NEW YORK COMPANY; RELEASE OF UNITED STATES TREATY RIGHTS IN ASSETs. - T he corporation is authorized and directed to take over the assets and assume the liabilities of the New York company as of July 1, 1948. To accomplish the transfer of such assets to, and the assumption of such liabilities by, the corporation, and to accomplish the dissolution of the New York company, the two corporations are authorized and directed to take, under the supervision of the stock- holder, whatever action shall be determined to be appropriate and necessary, whether by agreement, transfer, merger, consolidation, disso- lution, or otherwise. Effective upon the transfer of such assets and the assumption of such liabilities: there are hereby released and trans- ferred to the corporation all the right, title, and interest, in and to such assets, which the United States now has or may hereafter acquire by virtue of the convention of November 18, 1903, between the United 1079 Sales, supplies, etc. Use of U. S. mails. Restriction. 69 Stat. 598. 31U.S. C. §847. Ante, p. 1076. Emergencyactivity. Report to Congress. 33 Stat. 234.

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