Page:United States Statutes at Large Volume 68 Part 1.djvu/1299

 68

STAT.]

PUBLIC LAW

781-SEPT.

3, 1954

1267

interest: Provided, That leases to nonprofit organizations for park or recreational purposes may be granted at reduced or nominal considerations in recognition of the public service to be rendered in utilizing the leased premises: Provided further, That preference shall be given to Federal, State, or local governmental agencies, and licenses, or leases where appropriate, may be granted without monetary considerations, to such agencies for the use of all or any portion of a reservoir area for any public purpose, when the Secretary of the Army determines such action to be in the public interest, and for such periods of time and upon such conditions as he may find advisable: Arid 'provided fv/rther^ That in any such lease or license to a Federal, State, or local governmental agency which involves lands to be utilized for the development and conservation of fish and wildlife, forests, or other natural resources, the licensee or lessee may be authorized to cut timber and harvest crops as may be necessary to further such beneficial uses and to collect and utilize the proceeds of any sales of timber and crops in the development, conservation, maintenance and utilization of such lands. Any balance of proceeds not so utilized shall be paid to the United States at such time or times as the Secretary of the Army may determine appropriate. The water areas of all such reservoirs shall be open to public use generally, without charge, for boating, swimming, bathing, fishing, and other recreational purposes, and ready access to and exit from such water areas along the shores of such reservoirs shall be maintained for general public use, when such use is determined by the Secretary of the Army not to be contrary to the public interest, all under such rules and regulations as the Secretary of the Army may deem necessary. No use of any area to which this section applies shall be permitted which is inconsistent with the laws for the protection of fish and game of the State in which such area is situated. All moneys received by the United States for leases or privileges shall be deposited in the Treasury of the United States as miscellaneous receipts. SEC. 210. Title II may be cited as the "Flood Control Act of 1954". Approved September 3, 1954. Public Law 781

Short title.

CHAPTER 1265 AN ACT September 3, 1954

To amend certain provisions of title XI of the Merchant Marine Act, 1936, as amended, to facilitate private financing of new ship construction, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That section 1101 of the Merchant Marine Act, 1986, as amended (U.S.C. title 46, sec. 1271), is hereby amended to read as follows: "SEC. 1101. As used in this title— " (a) The term 'mortgage' includes a preferred mortgage as defined in the Ship Mortgage Act, 1920, as amended, and a mortgage which will become a preferred mortgage when recorded and endorsed as required by the Ship Mortgage Act, 1920, as amended; "(b) The term 'loan' includes any loan or advance of credit other than a mortgage loan; "(c) The term 'vessel' includes all types of passenger, cargo, and combination passenger-cargo carrying vessels, tankers, tugs, towboats, barges, and clredges documented under the laws of the United States, and fishing vessels owned by citizens of the United States;

[H. R. 9987]

" Stat. 969. "Mortgage." 46us^c'9'84°' "Loan." "Vessei."

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