Page:United States Statutes at Large Volume 74.djvu/942

 902

PUBLIC LAW 8 6 - 7 5 9 - S E P T. 13, 1960

[74

ST AT,

SEC. 2. The amendment made by the first section of this Act shall apply only with respect to applications submitted to the Civil Aeronautics Board on or after the date of enactment of this Act. Approved September 13, 1960. Public Law 86-759 September 13, 196b [S. 1663]

B i s m a r c k, N. Dak., landconveyT ance.

AN ACT Directirg the Secretary of the Interior to convey certain property in the State of North Daliota to the city of Bismarck, North Dakota

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That in order to clear the title to the property hereinafter described the Secretary of the Interior is authorized and directed to convey by quitclaim deed, without consideration, to the city of Bismarck, North Dakota, all right, title, and interest of the United States in and to the following described tract of land, together with all buildings and other improvements thereon, situated in the city of Bismarck, North Dakota: Part of the southeast quarter of section 5, township 138, range 80, beginning at the southeast comer of such section, thence due west for 1,786 feet, thence north 25 degrees and 46 minutes west a distance of 1,122.5 feet, thence north 66 degrees and 39 minutes west a distance of 454.9 feet, thence north 33 degrees and 22 minutes west a distance of 679 feet, thence north 25 degrees and 24 minutes west a distance of 610 feet, thence around a 30-degree 49-minute curve to the right a distance of 374.4 feet, thence due east 66 feet south of the quarter line of such section 5 a distance of 1,103 feet, thence due south a distance of 1,214 feet, and thence due east a distance of 1,220 feet, and thence due south a distance of 1,360 feet to the point of beginning. Approved September 13, 1960. Public Law 86-760

September 13, 1960

[8. 3771] Trust Indenture Act of 1939, amendment. 53 Stat. 1153. 15 USC 77ddd.

AN

ACT

rpQ amend certain provisions of the Trust Indenture Act of 1939, as amended.

Be it eruwted by the Senate and House of Representatives of the United States of America in Congress assembled, That subsection (c) of section 304 of the Trust Indenture Act of 1939, as amended, is amended to read as follows: "(c) The Commission shall, on application by the issuer and after opportunity for hearing thereon, by order exempt from any one or more provisions of this title any security issued or proposed to be issued under any indenture under which, at the time such application is filed, securities referred to in paragraph (3) of subsection (a) of this section are outstanding or on January 1, 1959, such securities were outstanding, if and to the extent that the Commission finds that compliance with such provision or provisions, through the execution of a supplemental indenture or otherwise— "(1) would require, by reason of the provisions of such indenture, or the provisions of any other indenture or agreement made prior to the enactment of this title, or the provisions of any applicable law, the consent of the holders of securities outstanding under any such indenture or agreement; or "(2) would impose an undue burden on this issuer, having due regard to the public interest and the interests of investors." Approved September 13, 1960.

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