Page:United States Statutes at Large Volume 72 Part 1.djvu/464

 422

PUBLIC LAW 85-561-JULY 28, 1958

[72

ST A T.

(10) Paragraph (5) of section 5 of such Act is further amended by striking out "on such land as is provided for that purpose by the Secretary of the Interior under section 3 of this Act". (11) Section 5 of such Act is further amended by adding at the end thereof the following new paragraph: "(11) to enter into contracts, contingent or otherwise, for expert, professional, and other personal services, and for printing, engraving, supplies, or any items or services necessary and incident to the preparation and sale of bonds, to be paid out of the proceeds of the sale of such bonds." (12) Subsection (a) of section 6 of such Act is amended to read as follows: Operating fund. " (a) The Board shall place into an operating fund all receipts derived from the exercise by the Board of the powers granted by this Act. All records and accounts relating to the operations, revenues, expenses, and costs of the stadium shall be kept separate and distinct from the records and accounts relating to the operations, revenues, expenses, and costs of the District of Columbia National Guard Armory. The Board is authorized, from time to time, to make adAdvances. vances for the operation and maintenance of the stadium from the armory board working capital fund established in section 8 of the stat^ 498** ^*^'' ^^ ^^* approved June 4, 1948 (D. C. Code, sec. 2-1708), but not to exceed a total of $25,000 at any one time. Such advances shall be reimbursed from the operating fund created by this subsection. The operating fund shall be used for constructing, operating, maintaining, and repairing the stadium. After payment or provision for Sinking fund. payment from the operating fund of all costs for construction, maintenance, repair, and operation of the stadium and the reservation of an amount of money estimated to be sufficient for the maintenance, repair, and operation during the ensuing period of not more than twelve months, the remainder of the receipts derived from the exercise by the Board of the powers granted by this Act shall be placed in a sinking fund. Such sinking fund shall be used for the following purUse. poses and in the following order of priority: (1) to pay the interest on and principal of bonds and other securities issued under authority of section 4 of this Act; (2) to reimburse the District of Columbia for any moneys advanced from its revenues and any amounts borrowed by the Commissioners of the District of Columbia from the Secretary of the Treasury, including interest on such borrowed amounts, to pay interest on or principal of bonds issued by the Board; and (3) to redeem bonds before maturity as provided in section 4 of this Act, or to repurchase bonds before maturity. All revenues from the operation of the stadium are hereby pledged to the uses and to the application thereof as heretofore in this section required. An accurate record of the cost of the stadium, the expenditures for maintaining and operating it, and of rentals and lease receipts shall be kept and shall be available for the information of all interested persons." Right, title, and (13) Section 7 of such Act is amended by striking out all that interest. follows in that section after "date of enactment of this Act," and inserting in lieu thereof: "all right, title, and interest in and to the stadium constructed under this Act shall vest in the United States.". Retirement of (14) The last sentence of section 9 of such Act is amended to read bonds, e t c. as follows: "Whenever the Board certifies to the Commissioners of the District of Columbia that there will not be a sufficient amount in the sinking fund created by section 6(a) of this Act to pay amounts becoming due and payable during any fiscal year on account of interest on or retirement of the bonds, the Commissioners of the District of Columbia shall include in the budget estimates for the District of Columbia for such fiscal year such amounts out of the revenues of

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