Page:United States Statutes at Large Volume 79.djvu/1347

 79 STAT. ]

PUBLIC LAW 89-347-NOV. 8, 1965

1307

or State authority, and (5) has a combined capital and surplus (as set forth in its most recent published report of condition) of at least $8,000,000. If such trustee or a substitute trustee at any time ceases to meet the foregoing qualifications, the Secretary of Commerce shall disapprove such trustee or substitute trustee, and after such disapproval the transfer or assignment of such bond, note, or other evidence of indebtedness to a person not a citizen of the United States, without the approval of the Secretary of Commerce, shall be unlawful. If a bond, note, or other evidence of indebtedness which is secured by a mortgage of a vessel to a trustee is issued, transferred, or assigned to a person not a citizen of the United States in violation of this paragraph, the issuance, transfer, or assignment shall be void." SEC. 4. Bonds, notes, and other evidence of indebtedness which are t5<^d"1ilM°b secured by a mortgage of a vessel to a trustee or by an assignment to noncuizens. a trustee of the owner's right, title, or interest in a vessel under construction which have heretofore been issued, transferred, or assigned, or are issued, transferred, or assigned within one year after the enactment of this Act, to a person not a citizen of the United States without the approval of the Secretary of Commerce are valid in the hands of such person and the validity and preferred status of such mortgage and the validity and lawfulness of such issuance, transfer, or assignment shall not be affected by such issuance, transfer, or assignment if the trustee or a substitute trustee is approved by the Secretary of Commerce within one year after enactment of this Act, under the standards for trustees specified in the amendments made by this Act to sections 9 and 37 of the Shipping Act, 1916, and to subsection O of the Ship Mortgage Act, 1920. Nothing in this section shall be construed to alter retroactively any Pending utigariglits which were the subject matter of litigation pending on the date ^'°"' of enactment of this Act. Approved November 8, 1965.

Public Law 89-347 AN ACT

To amend certain criminal laws applicable to the District of Columbia, and for other purposes.

November 8, 1965

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Be it enacted by the Senate and House of Representatives of the District^ United States of America in Congress assembled, That section 848 of Columbia. of ^^^ ^^ the Act entitled "An Act to establish a code of law for the District of '^"cHm^nl'i Laws. Columbia", approved March 3, 1901, as amended (D.C. Code, sec. 2 2 ^ 0 3), is further amended to read as follows: ^° ^^^^- ''^^• "SEC. 848. Whoever maliciously iniures or breaks or destroys, or Destruction of attempts to injure or break or destroy, by fire or otherwise, any public or private property, whether real or personal, not his own, of the value of $200 or more, shall be fined not more than $5,000 or shall be imprisoned for not more than ten years, or both, and if the value of the property be less than $200 shall be fined not more than $1,000 or imprisoned for not more than one year, or both." SEC. 2. The first section of the Act entitled "An Act for the preservation of the public peace and the protection of property in the District of Columbia", approved July 29, 1892, as amended (D.C. Code, sec. 22-3112), is further amended by striking out "destroy, injure, dis- 34 Stat. 126. figure, cut, chip, break," and inserting in lieu thereof "disfigure, cut, chip,".

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