Page:United States Statutes at Large Volume 62 Part 1.djvu/1110

 PUBLIC LAWS-CHS. 706, 707-JUNE 29, 1948 States and the Republic of Panama; and, specifically, there are hereby released to the corporation any and all reversionary rights of the United States in the lands of the corporation located in the cities of Panama and Colon, Republic of Panama. "252. REIMBURSEMENT OF OTHER AGENcIEs. - The corporation shall reimburse the Civil Service and Canal Zone Retirement and Disability Funds for Government contributions to the retirement fund appli- cable to the corporation's employees, and the Employees' Compensation Fund, Bureau of Employees' Compensation, Federal Security Agency, for the benefit payments made to the corporation's employees, and shall also reimburse other Government agencies for any payments of a similar nature made on its behalf. "253. PAYMENT OF EXCESS FUNDS INTO THE TREASURY. -T he board of directors shall have the power and duty to appraise, at least annually, its necessary working capital requirements, together with reasonable foreseeable requirements for authorized plant replacement and expansion, and to pay into the Treasury as dividends the amount of funds in excess thereof. Such dividends shall be treated by the Treasury as miscellaneous receipts, but shall be treated on the books of Ante, p. 1 the corporation as applicable to reduction of past or future direct Gov- ernment capital contributions (as provided in section 246 (d) of this title) in determining the base for interest payments required under section 246 (c). "254. EMERGENCY FUND. - The corporation may borrow from a fund to be established and maintained in the Treasury, for any authorized purposes of the corporation, but for limited periods only, sums of money not to exceed a total of $10,000,000 outstanding at any one time. The fund shall be established by the deposit by the New York company with the Treasury on or before June 30,1948, of the sum of $10,000,000 from the invested depreciation reserve funds presently maintained by the New York company, which amount, less any amounts borrowed therefrom by the corporation from time to time, shall be maintained by the Treasury as a separate fund. Amounts borrowed from said fund shall be paid over to the corporation by the Secretary of the Treasury, and repayments thereof shall be redeposited in said fund and will be available for subsequent loans. Loans to the corporation from this fund shall not bear interest. "255. AMENDMENT OR REPEAL. - The right to alter, amend, or repeal this article is expressly reserved. "256. SEPARABILrrY CLAUSE.- I f any provision of this article, or the application of such provision to any person or circumstances, is held invalid, the remainder of this article and the application of such pro- vision to other persons and circumstances shall not be affected thereby." Approved June 29, 1948. [CHAPTER 707] une 2, 18 JOINT RESOLUTION n. . Re. 15] To authorize the issuance of a special series of stamps commemorative of the eighty-fifth anniversary of Lincoln's Gettysburg Address. Resolved by the Senate andHouse of Representatives of the United Linoln's Getty8 - States of America in Congress assembled That the Postmaster Gen- Commemorative eral is authorized and directed to prepare for issuance on November 19, PgeStam. 1948, a special series of 3-cent postage stamps, of such design as he shall prescribe, in commemoration of the eighty-fifth anniversary of Lincoln's Gettysburg Address. Approved June 29, 1948. 1080 [62 STAT.

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