Page:United States Statutes at Large Volume 62 Part 1.djvu/135

 62 STAT.] 80TH CONG., 2D SESS.-CH. 166-MAR. 31, 1948 DISPOSAL OF GOVERNMENT-OWNED RUBBER-PRODUCING FACILITIES SEC. 9. (a) The department, agency, officer, Government corpora- tion, or instrumentality of the United States designated by the Presi- dent pursuant to section 7 (a) of this Act shall undertake immediate study, conducting such hearings as may be necessary, in order to deter- mine and formulate a program for disposal to private industry by sale or lease of the Government-owned rubber-producing facilities other than those authorized to be disposed of pursuant to section 9 (b) of this Act. A report with respect to the development of such a disposal program shall be made to the President and to Congress not later than April 1, 1949. On or before January 15, 1950, the President, after consultation with the National Security Resources Board, shall recommend to the Congress legislation with respect to the disposal of the Government-owned rubber-producing facilities other than those authorized to be sold, leased, or otherwise disposed of under the provi- sions of section 9 (b) of this Act, together with such other recom- mendations as he deems desirable and appropriate: Provided, That the Government shall maintain the ownership of a rated rubber- producing capacity of six hundred thousand long tons of general- purpose rubber and a rated rubber-producing capacity of sixty-five thousand long tons of special-purpose rubber until a program is formulated and adopted for the sale or lease of such facilities as provided in this section. (b) Notwithstanding the provisions of this or any other Act, the department, agency, officer, Government corporation, or instrumen- tality of the United States designated by the President pursuant to section 7 (a) of this Act may, after consultation with the National Security Resources Board, sell, lease, or otherwise dispose of to private persons any rubber-producing facility, including such facili- ties as have been declared surplus pursuant to the Surplus Property Act of 1944, as amended, not required to fulfill the capacity set forth in section 5 (a) of this Act upon such terms and conditions as it may determine providing that such sale or lease shall be on the condition that any synthetic rubber or component materials produced in such facility shall not be used to satisfy the mandatory requirements established by section 3 of this Act. ADMINISTRATION SEC. 10. (a) The President may issue such rules and regulations as he deems necessary and appropriate to carry out the provisions of this Act. (b) The President may exercise any or all of the powers, authority, and discretion conferred upon him by this Act, including but not lim- ited to the powers and authority conferred in section 12 of this Act, through such departments, agencies, officers, Government corporations, or instrumentalities of the United States, whether or not existing at the date of the enactment of this Act, as he may direct. (c) The President, insofar as practical, shall consolidate all of the powers, functions, and authority contained in this Act in one depart- ment, agency, officer, Government corporation, or instrumentality of the United States, whether or not existing at the date of enactment of this Act. The President is authorized to cause a corporation to be organized for the purpose of producing and selling synthetic rubber. Any such corporation so organized shall be authorized, subject to the Government Corporation Control Act and to pertinent provisions of law affecting Government corporations, to sue and be sued, to acquire, hold, and dispose of property, to use its revenues, to determine the character of and necessity for its obligations and expenditures and 105 Reports. Recommendation of legislation. Government owner- ship. Sale of surplus facili- ties. 58 Stat. 765 . 50U.S.0.ap). iF 1611-1646; Supp.I, 1612 et seq. Ptt.,pp . 350, 11(3. Rules and regula- tions. Exercise of author- ity. Consolidation o powers, etc. m StaWt. . 31U.S.0.Ita- 8W9;Spp. II '*~,.h um.

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