Page:United States Statutes at Large Volume 68 Part 1.djvu/617

 68 S T A T. 1

585

PUBLIC LAW 5 5 6 - J U L Y 29, 1954

(4) Strike out the second sentence of the fourth paragraph of section 17(b) and insert in lieu thereof the following language: "Any other lease issued under any section of this Act which has heretofore or may hereafter be committed to any such plan that contains a general provision for allocation of oil or gas, shall continue in force and effect as to the land committed, so long as the lease remains subject to the plan: Provided, That production is had in paying quantities under the plan prior to the expiration date of the term of such lease. Any lease hereafter committed to any such plan embracing lands that are in part within and in part outside of the area covered by any such plan shall be segregated into separate leases as to the lands committed and the lands not committed as of the effective date of unitization: Provided, however, That any such lease as to the nonunitized portion shall continue in force and effect for the term thereof but for not less than two years from the date of such segregation and so long thereafter as oil or gas is produced in paying quantities." (5) Strike out the words "and regardless of acreage limitations provided for in this Act" in the fifth paragraph of section 17(b) and insert the following sentence at the end of that paragraph: "All leases operated under such approved operating, drilling, or development contracts, and interests thereunder, shall be excepted in determining holdings or control under the provisions of any section of this Act." (6) Strike out the last sentence of section 30(a) and insert the following in lieu thereof: "Assignments under this section may also be made of parts of leases which are in their extended term because of any provision of this Act. The segregated lease of any undeveloped lands shall continue in full force and effect for two years and so long thereafter as oil or gas is produced in paying quantities." (7) Insert the following sentence immediately after the second paragraph of section 31: "Notwithstanding the provisions of this section, however, upon failure of a lessee to pay rental on or before the anniversary date of the lease, for any lease on which there is no well capable of producing oil or gas in paying quantities, the lease shall automatically terminate by operation of law: Provided, however, That when the time for payment falls upon any day in which the proper office for payment is not open, payment may be received the next official working day and shall be considered as timely made." Approved July 29, 1954. Public Law 556

60 Stat. 953. 30 USC 226e. Unit plan l e a s e s. Continuation.

Nonunitized portion.

Sp e c i a l contracts. E x t e n s i o n of rights.

60 Stat. 955. 30 USC 187a. A s s i g nment of parts of l e a s e s.

60 Stat. 956. 30 USC 188. D e f a u l t s in rental payments. >

CHAPTER 645

AN ACT To permit the city of Pliiladelpliia to further develop the Hog Island tract as an air, rail, and marine terminal by directing the Secretary of Commerce to release the city of Philadelphia from the fulfillment of certain conditions contained in the existing deed which restrict further development.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary of Commerce is authorized and directed to release the city of Philadelphia from the fulfillment of any and all conditions for the benefit of the United States set forth in a deed of the United States, acting through the United States Shipping Board, dated the 23d day of July 1930, relating to a tract of land, known as Hog Island, situated partly in the township of Tinicum in the county of Delaware and State of

July 29, 1954 [S. 3630]

P h i l a d e Iphia, Pa. Development o f Hog Island tract.

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