Page:United States Statutes at Large Volume 68 Part 1.djvu/680

 648

PUBLIC LAW 561-AUG. 2, 1954

[68

STA T.

REPORT TO CONGRESS OF INFORMATION ON H O U S I N G

Ante,

p. 642.

Ante,

p. 607.

SEC. 817. The annual report made by the Housing and Home Finance Administrator to the President for submission to the Congress on ail operations provided for by section 802 hereof shall contain pertinerifc information with respect to all projects for which any loan, contribution, or grant has been made by the Housing and Home Finance Agency, including the amount of loans, contributions and grants contracted for, and shall also contain pertinent information with respect to all builders' cost certifications required by section 227 of the National Housing Act, as amended, including information as to the amounts paid by niortgagors to mortgagees for application to the reduction of the principal obligations of the mortgages pursuant to that section. ACT CONTROLLING

SEC. 818. Insofar as the provisions of any other law are inconsistent with the provisions of this Act, the provisions of this Act shall be controlling. SEPARABILITY

SEC. 819. Except as may be otherwise expressly provided in this Act, all powers and authorities conferred by this Act shall be cumulative and additional to and not in derogation of any powers and authorities otherwise existing. Notwithstanding any other evidences of the intention of Congress, it is hereby declared to be the controlling intent of Congress that if any provisions of this Act, or the application thereof to any persons or circumstances, shall be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act or its application to other persons and circumstances. Approved August 2, 1954. Public Law 561 August 2, 1954 [S. 2381]

CHAPTER 650

AN ACT To amend section 27 of the Mineral Leasing Act of February 25, 1920, as amended, in order to promote the development of oil and gas on the public domain.

Be it enacted by the Senate and House of Representatives of the O i l and g a s United States of America in Congress assembled, That section 27 of leases. 62 Stat. 291. the Act of February 25, 1920, as amended (30 U.S.C. 184), is further amended as follows: (1) Strike out all of the language preceding the semicolon of the second sentence of section 27, and insert the following in lieu thereof: Acreage hold- <-<-^Q persou, association, or corporation, except as herein provided, ing restriction. ^j^^jj ^^^^ ^^ ^^-^^ ^^ ^^^ ^.^^ ^.j ^^ ^^^ leascs exceeding in the aggregate forty-six thousand and eighty acres granted hereunder in any one State, except that in the Territory of Alaska no person, associaAlaska. tion, or corporation, except as herein provided, shall take or hold at one time oil or gas leases exceeding in the aggregate one hundred thousand acres granted hereunder;". 60 Stat. 954. (2) Strike out sentences 5 and 6 of section 27 and insert the followN on r e ne wa bl e option. ing in lieu thereof: "The interest of an optionee under a nonrenewable option to purchase or otherwise acquire one or more oil or gas leases (whether then or thereafter issued), or any interest therein, shall not, prior to the exercise of such option, be a taking or holding or control under the acreage limitations provisions of any section of Time and acre- fj^jg ^(.^ J^Q g^ch option shall be entered into for a period of more age limitation.

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