Page:United States Statutes at Large Volume 65.djvu/733

 65 STAT.]

699

PUBLIC LAW 243—OCT. 30, 1951

Louisiana interest shall not accept the same, such bridges, causeways, and approaches shall continue to be owned, maintained, repaired, operated, and insured by the Authority and the Authority may continue to collect tolls at rates so adjusted as to provide a fund not to exceed the amount necessary for the proper maintenance, repair, insurance, and operation of the said bridges, causeways, and approaches under economical management, including reasonable reserves for depreciation, depletion, obsolescence, replacements, and betterments, until such time as the Texas interest or the Louisiana interest, or both, shall accept such conveyance under the aforesaid conditions. Upon the acceptance of such conveyance by the Texas interest or the Louisiana interest, or both, the Sabine Lake Bridge and Causeway Authority created by this Act shall terminate and cease to exist. SEC. 9. I n addition to all other rights, powers, and privileges herein conferred upon Sabine Lake Bridge and Causeway Authority, it shall have and possess all rights, powers, and privileges to acquire by purchase, lease, or otherwise, and to operate, such facilities as the Authority may deem necessary and proper to establish ferry services across Sabine Lake. The powers conferred by this section may be exercised in like manner as those herein elsewhere conferred with regard to the construction, maintenance, and operation of bridges, causeways, and approaches. SEC. 10. Nothing herein contained shall be construed to authorize or permit the Authority, or any member thereof, to create any obligation or to incur any liability other than such obligations and liabilities as are dischargeable solely from the funds provided by this Act. No obligation created or liability incurred pursuant to this Act shall be an obligation or liability of any member or members of the Authority, but shall be chargeable solely to the funds herein provided, nor shall any indebtedness, liability, or obligation created pursuant to this Act be an indebtedness, liability, or obligation of the United States. SEC. 11. All provisions of this Act may be enforced or the violation thereof prevented by mandamus, injunction or other appropriate remedy in any court having competent jurisdiction of the subject matter or of the parties. SEC. 12. The Act of Congress approved June 18, 1934 (48 Stat. 1008), and heretofore amended and extended by Acts of Congress approved April 10, 1936, August 12, 1937, June 14, 1938, and July 26, 1939, are hereby repealed. SEC. 13. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved October 30, 1951.

Public Law 243

Termination of Authority upon con^'eyance.

E i g h t to establish ferry services.

Restrictions.

Enforcement of FTO-

Repeals. 49 Stat. 1196; 50 Stat. 630; 52 Stat. 680; 53 Stat. 1121.

CHAPTER 642

AN ACT To permit the Federal National Mortgage Association to make commitments to purchase certain mortgages. Be it enacted by the Senate and House of Representatives of the Umied States of America in Congress assembled, That notwithstanding the provisions of subparagraph (G) of section 301(a)(1) of the National Housing Act, as amended, the Federal National Mortgage Association is authorized to enter into advance commitment contracts which do not exceed $30,000,000 outstanding at any one time, if such commitments relate to mortgages with respect to which the Federal

October 30, 1951 [H. R. 5745]

National Housing Act, amendments. 64 Stat. 57. 12 U.S.C. § 1716.

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