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PUBLIC LAW 260-AUG. 9, 1955

Appropriation.

[69

STAT.

the presentation of twenty-one such medals to the followinj^-named scientific, educational and welfare societies of which Benjamin Franklin was a member: The American Philosophical Society (Philadelphia), Philadelphia Society of the Sons of St. George, Accademia di Scienze, Lettre et Arti in Padors (formerly Reale Accademia), (Italy), L'Academie des Sciences, L'Institute de France (formerly Academic Royale), the Royal Society (England), Konigliche Gesellschaft der Wissenschafter, Gottingen (Germany), the Royal Society of Arts (England), J^ataafsch (xenootschap der Proefondervindelijke AVijsbegeerte (Netherlands), The Academie de Medicine (France), The Medical Society of London, The American Academy of x\rts and Sciences (Boston), the Royal Society of Edinburgh, Real Academia de la Historia (Spain), Academie Nationale des Sciences, BelleLettres et Arts de Lyon (France), Real Accademia delle Science di Torino (Italy), the Manchester Literary and Philosophical Society (England), the Societa Patrioca diretta aH'avanzamento delFAgricultura delle Arti e delle Manifatture, Milano (Italy), the Philadelphia Society for Promoting Agriculture, the Society of Antiquaries of London, the Societe d'Agriculture, Sciences, Belle Lettres et Arts, Orleans (formerly Societie Royale) France, and The Library Company of Philadelphia, and for the presentation of fifty medals in cooperation with the two hundred and fiftieth anniversary committee of the Franklin Institute to other enterprises, institutions and societies founded or helped in their early development by Benjamin Franklin. SEC. 2. Such sums as may be necessary to carry out the purposes of this Act are hereby authorized to be appropriated. Approved August 9, 1955.

Public Law 260

C H A P T E R 620 JOINT RESOLUTION

August 9, 1955 [S. J. Res. 92] Steamship terey. Sale.

Mon-

To authorize the Secretary of Coimiierce to sell the steamship Monterey.

Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) the Secretary of Commerce is hereby authorized, during a period of six months after the enactment of this joint resolution, to sell the steamship Monterey and the uninstalled materials heretofore acquired by the United States with said vessel, which are held in stora<ife by the Maritime Administration, Department of Commerce, to a citizen of the United States at competitive bidding, subject to the provisions of this joint resolution, and such terms and conditions not contrary hereto as the Secretary may prescribe. The vessel with such materials shall be sold on an "as is, where is'' basis, at an aggregate minimum sales price of $8,081,665.72, depreciated on the basis of a twenty-year life from August 6, 1952, to the date of the award of the contract of sale. Such sale shall be made upon a condition and agreement that the purchaser expend at least $10,000,000 to recondition the vessel satisfactory to the Secretary of Commerce in a domestic shipyard for passenger service, with documentation under the laws of the United States. Such sale shall be on the basis of the payment of not less than 25 per centum of the sale price of the vessel and materials at the time of the execution of such sales contract, with balance payable in approximately equal annual installments over the lite expectancy of the vessel after reconditioning by the purchaser which life expectancy shall be determined jointly by the Secretary of the Treasury and the Secretary of Commerce, with interest on the portion of the sales price remaining unpaid at the rate

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