Page:United States Statutes at Large Volume 69.djvu/662

 620 61 Stat. 648.

PUBLIC LAW 324-AUG. 9, 1955

[69

STAT.

SEC. 2. The last sentence of section 6 of title 6 of the United States Code is amended to read as follows: "Except with respect to bonds obtained under section 14 of this title, no officer or person having the approval of any bond shall require that such bond shall be furnished by a guaranty company or by any particular guaranty company." SEC. 3. The analysis of title 6 of the United States Code, immediately preceding section 1 of such title, is amended by striking out the item "14. Rate of premium on bond; premiums not to be paid by United States."

and inserting in lieu thereof the following: "14. Purchase of bonds to cover officers and employees of the Federal Government.". Effective date.

SEC. 4. The amendments made by this Act shall take effect on January 1, 1956. Approved August 9, 1955. Public Law 324

August 9, 1955 [H. R. 5875]

CHAPTER 684

AN ACT To amend title 14, United States Code, entitled "Coast Guard", for the purpose of providing involuntary retirement of certain officers, and for other purposes.

Be it enacted by the Senate and House of Representatives of the fnv'oi^ntaor' re- United States of America in Congress assembled, That chapter 11 of tirement. title 14 of the United States Code is amended by— 63 Stat. 510; 64 (1) inserting, in the analysis thereto after item 244 the folStat. 978. lowing: "245. "246. "247. "248.

Repealed. Repealed. Rear admirals; involuntary retirement; retention on the active list. Captains; retention on the active list; involuntary retirement.";

and (2) inserting, immediately after section 244 thereof, the following new sections: "§ 247. Rear admirals; involuntary retirement; retention on the active list " (a) Any rear admiral, unless retired under some other provision of law or retained on the active list under subsection (b) of this section, shall be retired on June 30 of the fiscal year in which he completes a total of seven years of service in the permanent grade of rear admiral or a total of thirty-five years of active commissioned service, including service creditable for retirement purposes under sections 432, 433, and 434 of this title. "(b) Notwithstanding subsection (a) of this section, the Commandant, with the approval of the Secretary, may by annual action retain on the active list from fiscal year to fiscal year any rear admiral who would otherwise be retired under subsection (a). A rear admiral so retained, unless retired under some other provision of law, shall be retired on June 30 of that fiscal year in which no action is taken to further retain him under this subsection. "(c) Subsections (a) and (b) of this section do not apply to any officer serving as Commandant, Assistant Commandant, or Engineerin-Chief. However, time served in any of those offices shall be included in any computation made under subsection (a) after the officer has vacated the office. "§ 248. Captains; retention on the active list: involuntary retirement " (a) The Secretary shall convene annually during January a board

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