Page:United States Statutes at Large Volume 66.djvu/770

 m 60 Stat. 810. 63 Stat. 954. 5 USC 1071note. Appropriation.

46 Stat. 476. Waiver.

PUBLIC L|AW 5 5 6 - J U L Y 16, 1952

Interstate Commerce Act, amendment. 24 Stat. 379. 49 USC ch. 1. R a i Ir oad equipment.

STAT.

55a), and subject to the civil-service laws and the Classification Act of 1949, as amended, to appoint and fix the compensation of such attorneys and other personnel as may be necessary to carry out the provisions of this section. There are hereby authorized to be appropriated to the President such sums as may be necessary to carry out the provisions of this section. . SEC. 3. Section 13 of the Civil Service Retirement Act of May 29, 1930, as amended (5 U. S, C, 716), is amended by adding at the end thereof the following paragraph: "An^ person entitled to annuity from the civil-service retirement and disability fund may decline to accept all or any part of such annuity by a waiver signed and filed with the Commission, Such waiver may be revoked in writing at any time, but no payment of the annuity waived shall be made covering the period during which such waiver was in effect." • Approved July 16, 1952. Public Law 556

July 16, 1952 [S. 3161]

[66

CHAPTER 881

AN ACT To amend part I of the Interstate Commerce Act to provide for filing of equipment trust agreements and other documents evidencing or relating to the lease, mortgage, conditional sale, or bailment of railroad equipment.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That part I of the Interstate Commerce Act, as amended (U.S.C. title 49), is hereby amended by inserting, after section 20b, the following new section: "SEC. 20c. Any mortgage, lease, equipment trust agreement, conditional sale agreement, or other instrument evidencing the mortgage, lease, conditional sale, or bailment of railroad cars, locomotives, or other rolling stock, used or intended for use in connection with interstate commerce, or ajiy assignriient of rights or interest under any such instrument, or any supplement or amendment to any such instrument or assignment (including any release, discharge or satisfaction thereof, in whole or in part), may be filed with the Commission, provided such instrument, assignment, supplement or amendment is in writing, executed by the parties thereto, and acknowledged or verified in accordance with such requirements as the Commission shall prescribe; and any such instrument or other document, when so filed with the Commission, shall constitute notice to and shall be valid and enforceable against all persons including, without limitation, any purchaser from, or mortgagee, creditor, receiver, or trustee in bankruptcy of, the mortgagor, buyer, lessee or bailee of the equipment covered thereby, from and after the time such instrument or other document is so filed with the Commission; and such instrument or other document need not be otherwise filed, deposited, registered or recorded under the provisions of any other law of the United States of America, or of any State (or political subdivision thereof), territory, district or possession thereof, respecting the filing, deposit, registration or recordation of such instruments or documents. The Commission shall establish and maintain a system for the recordation of each such instrument or document, filed pursuant to the provisions of this section, and shall cause to be marked or stamped thereon, a consecutive number, as well as the date and hour of such recordation, and shall maintain, open to public inspection, an index of all such instruments or documents, including any assignment, amendment, release, discharge or satisfac-

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