Page:United States Statutes at Large Volume 72 Part 1.djvu/901

 72 S T A T. ]

PUBLIC LAW 85-762-AUG. 26, 1958

859

audit; and full facilities for verifying transactions with the balances or securities held by depositors, fiscal agents, and custodians shall be afforded to such persons or persons. (b) A report of such audit shall be made by the corporation to the Congress not later than six months following the close of such fiscal year for which the audit is made. The report shall set forth the scope of the audit and shall include verification by the person or persons conducting the audit of statements of (1) assets and liabilities, (2) capital and surplus or deficit, (3) surplus or deficit analysis, (4) income and expense, and (5) sources and application of funds. Such report shall not be printed as a public document. USE OF ASSETS ON DISSOLUTION OR LIQUIDATION

SEC. 15. Upon final dissolution or liquidation of the corporation, and after discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets of the corporation may be distributed in accordance with the determination of the board of directors of the corporation and in compliance with the constitution and bylaws of the corporation and all Federal and State laws applicable thereto. TRANSFER OF ASSETS

SEC. 16. The corporation may acquire the assets of the Military Order of the Purple Heart of the United States of America, Incorporated, a body corporate organized under laws of the State of ^ e w Jersey, upon discharging or satisfactorily providing for the payment and discharge of all of the liabilities of such State corporation and upon complying with all the laws of the State of New Jersey applicable thereto. RESERVATION OF RIGHT TO A M E N D OR REPEAL CHARTER

SEC. 17. The right to alter, amend, or repeal this Act is expressly reserved. Approved August 26, 1958.

Public Law 85-762 AN ACT To amend the Interstate Commerce Act and the Transportation Act of 1940, with respect to periods of limitation applicable to actions or claims, including those by or against the United States, for recovery of charges for the transportation of persons or property, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of Ji.7nertca in Conqress assembled. That the Interstate id America in congress Inter: Commerce Act, as amended, is amended as follows: (1) Amend section 16(3) as follows: I n subparagraph (a) strike out "two years" and insert "three years"; in subparagraph (c) strike out "two years" and insert "three years", and. strike out "two-year" and insert "three-year"; and in subparagraph (d) strike out the word "two-year" the second time it occurs and insert "three-year". (2) Add the following new subparagraph (i) to section 16(3): "(i) The provisions of this paragraph (3) shall extend to and embrace all transportation of property or passengers for or on behalf of the United States in connection with any action brought before the Commission or any court by or against carriers subject to this

August 26, 1958 [S. 377]

Interstate Com* merce Act, amendment. Claims, time llti^ itation. 41 Stat. 491; 54 Stat. 912. 49 USC 16.

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