Page:United States Statutes at Large Volume 76A.djvu/104

–8– -8§ 34. Army control in time of war or imminence of war In time of war in which the United States is engaged, or when, in the opinion of the President, war is imminent, such officer of the Army as the President may designate shall, upon order of the President, assume and have exclusive authority and jurisdiction over the operation of the Panama Canal and all its adjuncts, appendants and appurtenances, including the entire control and government of the Canal Zone. During a continuation of this condition, the Governor of the Canal Zone shall be subject to the order and direction of the officer so appointed, in all respects and particulars as to: (1) the operation of the Canal; and (2) all duties, matters and transactions affecting the Canal Zone. § 35. Assistance of Armed Forces The Governor of the Canal Zone may call upon the Commander of the Armed Forces of the United States in the Canal Zone for military assistance, whenever the Governor deems the assistance of the Armed Forces necessary to: (1) protect the Canal Zone; (2) preserve the peace; (3) quell or disperse routs or riots; or (4) disperse unlawful assemblies.

CHAPTER 5—PANAMA CANAL COMPANY Sec 61. Continuation, purposes, offices and residence of the Company. 02. Investment uf the United States. 63. Board of Directors; allowances; quorum; meetings. 64. President of the Company. 65. General powers of Company. 66. Specific powers of Company. 67. Subjection to treaties and laws applicable to Panama Railroad Company. 08. Rights in assets talien over upon dissolution of Paniinia Railroad Company; liabilities. 69. Reimbursement of other agencies. 70. Payment of excess funds into Treasury. 71. Borrowing from Treasury. 72. Appropriations to cover losses. 73. Transfer of Canal and facilities to Company. 74. Insurance coverage. 75. Amendment or repeal.

§ 61. Continuation, purposes, offices and residence of the Company (a) For the purposes of maintaining and operating the Panama Canal and of conducting business operations incident thereto and incident to the civil government of the Canal Zone, the Panama Canal Company is continued as a body corporate and as an agency and instrumentality of the United States. (b) The Company shall have perpetual succession in its corporate name, unless dissolved by Act of Congress. (c) The principal offices of the Company shall be in the Canal Zone, but the Company may establish agencies or branch offices in such other places as it deems necessary or appropriate in the conduct of its business. Within the meaning of the laws of the United States relating to venue in civil actions, the Company is an inhabitant and resident of the Canal Zone and of the District of Coliunbia, § 62. Investment of the United States (a) The receipt issued as of July 1, 1948, to the United States and delivered to the Secretary of the Treasury, acknowledging the transfer to the Company, as then required by law, of the net assets of the

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