Page:United States Statutes at Large Volume 76A.djvu/108

–12– -12(D) any other governments, agencies, persons, corporations, or associations efigible to make or receive such purchases, services, supplies, or materials under the laws prevailing at the time and the policies heretofore or hereafter adopted consistently with those laws; (6) use the United States mails in the same manner and under the same conditions as the executive departments of the Federal Government; and (7) take such actions as are necessary or appropriate to carry out the powers specifically conferred upon it. (b) Subject to subsection (c) of this section, the Company may not undertake any new types of activities not included in the annual budget program prescribed by section 102 of the Government CorpoI'ation Control Act (31 U.S.C., sec. 847), except those which may be transferred to it pursuant to section 62(c)(2) of this title. (c) If, during a period when the Congress is not in session, the board of directors, or the president of the Company, with the concurrence of as many of the directors as may be consulted without loss of time unreasonable in the circumstances, declares an emergency to exist, the Company may undertake recommended appropriate action within the scope of this chapter, without regard to the restriction imposed by subsection (b) of this section. A report on the emergency activity shall be presented promptly to the Congress, when it reconvenes, for its approval and such action as it may deem necessary or desirable with respect to reimbursement through supplemental appropriation of funds to cover costs or losses arising from the emergency. § 67. Subjection to treaties and laws applicable to P a n a m a Railroad Company As far as consistent with this chapter, the Panama Canal Company is subject to all treaties and Acts of the Congress relating or applying to the Panama Railroad Company, as long as they remain in force; and has all the rights, privileges, and exemptions, and is subject to all the obligations, liabilities, and responsibilities, applicable to the Panama Railroad Company under or by virtue of those treaties or Acts. § 68. Rights in assets taken over upon dissolution of P a n a m a Railroad Company; liabilities (a) The Panama Canal Company shall possess all the right, title, and interest in and to the assets taken over, as of July 1, 1948, from the Panama Railroad Company, since dissolved, which the United States then possessed or, by virtue of the convention of November 18, 1903, between the United States and the Republic of Panama, thereafter acquired or may hereafter acquire, and which, pursuant to law, were released and transferred, as of July 1, 1948, to the Company. (b) Subsection (a) of this section dees not apply to any right, title, or interest transferred or conveyed to the Republic of Panama after July 1, 1948, under applicable provisions of law or of any convention or treaty. (c) The Company is responsible for the payment and discharge of all remaining liabilities of the Panama Railroad Company, which, as authorized by law, the Company assumed as of July 1, 1948. § 69. Reimbursement of other agencies The Panama Canal Company shall reimburse the Employees' Comensation Fund, Bureau of Employees' Compensation, Department of rabor, for the benefit payments made to the Company's employees, and shall also reimburse other Government agencies for payments of a similar nature made on its behalf.

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