Page:United States Statutes at Large Volume 78.djvu/360

 318

c<fif^°'^* *° ongress.

PUBLIC LAW 88-373-JULY 14, 1964

[78 STAT.

files, and all other papers, things, or property belonging to or in use by the corporation and necessary to facilitate the audit shall be made available to the person or persons conducting the audit; and full facilities for verifying transactions with the balances or securities held by depositories, fiscal agents, and custodians, shall be afforded to such person or persons. (b) A report of such audit shall be made by the corporation to the Cougress uot later than six months following the close of the fiscal year for which the audit is made. The report shall set forth the scope of the audit and include such statements, together with the independent auditor's opinion of those statements, as are necessary to present fairly the corporation's assets and liabilities, surplus or deficit with an analysis of the changes therein during the year, supplemented in reasonable detail by a statement of the corporation's income and expenses during the year including (1) the results of any trading, manufacturing, publishing, or other commercial-type endeavor carried on by the corporation, and (2) a schedule of all contracts requiring payments in excess of $10,000 and any payments of compensation, salaries, or fees at a rate in excess of $10,000 per annum. The report shall not be printed as a public document. USE OF ASSETS ON DISSOLUTION OR LIQUIDATION

SEC. 16. Upon dissolution or final liquidation of the corporation, after discharge or satisfaction of all outstanding obligations and liabilities, the remaining assets, if any, of the corporation shall be distributed in accordance with the determination of the board of trustees of the corporation and in compliance with the charter and bylaws of the corporation and all Federal and State laws applicable thereto. Such distribution shall be consistent with the purposes of the corporation. ACQUISITION OF ASSETS AND LIABIUTIES OF EXISTING CORPORATION

SEC. 17. The corporation may acquire the assets of the National Aviation Hall of Fame, a general, not-for-profit corporation organized under the laws of the State of Ohio, upon discharging or satisfactorily providing for the payment and discharge of all of the liabilities of such corporation. RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER

SEC. \8. The right to alter, amend, or repeal this Act is expressly reserved. Approved July 14, 1964. Public Law 88-373 July 14, 1964 [H. R. 11257]

^ ^ ACT rp,> authorize the sale, without regard to the six-month w a i t i n g period prescribed, of lead proposed to be disposed of pursuant to the Strategic and Critical Materials Sto<-k Piling Act.

Be it enacted by the Senate and House of Representatives of the Lead, disposal. JJnlted States of America in Congress assembled, That the Administrator of General Services is hereby authorized to sell, by negotiation or otherwise, at the fair market value thereof, approximately fifty thousand short tons of lead now held in the national stock-

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