Page:United States Statutes at Large Volume 79.djvu/295

 79 STAT. ]

255

PUBLIC LAW 89-81-JULY 23, 1965

are available, and in no event later than five years after the date of enactment of this Act. (c) No standard silver dollars may be minted during the five-year period which begins on the date of enactment of this Act. SEC. 102. All coins and currencies of the United States (including Federal Reserve notes and circulating notes of Federal Reserve banks and national banking associations), regardless of when coined or issued, shall be legal tender for all debts, public and private, public charges, taxes, duties, and dues. SEC. 103. (a) I n order to acquire equipment, manufacturing facilities, patents, patent rights, technical knowledge and assistance, metallic strip, and other materials necessary to produce rapidly an adequate supply of the coins authorized by section 101 of this Act, the Secretary may enter into contracts upon such terms and conditions as he may deem appropriate and in the public interest. (b) During such period as he may deem necessarj^, but in no event later than five years after the date of enactment of this Act, the Secretary may exercise the authority conferred by subsection (a^ of this section without regard to any other provisions of law governing procurement or public contracts. SEC. 104. The Secretary shall purchase at a price of $1.25 per fine troy ounce any silver mined after the date of enactment of this Act from natural deposits in the United States or any place subject to the jurisdiction thereof and tendered to a United States mint or assay office within one year after the month in which the ore from which it is derived was mined. SEC. 105. (a) Whenever in the judgment of the Secretary such action is necessary to protect the coinage of the United States, he is authorized under such rules and regulations as he may prescribe to prohibit, curtail, or regulate the exportation, melting, or treating of any coin of the United States. (b) Whoever knowingly violates any order, rule, regulation, or license issued pursuant to subsection (a) of this section shall be fined not more than $10,000, or imprisoned not more than five years, or both. SEC. 106. (a) There shall be forfeited to the United States any coins exported, melted, or treated in violation of any order, rule, regulation, or license issued under section 105(a), and any metal resulting from such melting or treating. (b) The powers of the Secretary and his delegates, and the judicial and other remedies available to the United States, for the enforcement of forfeitures of property subject to forfeiture pursuant to subsection (a) of this section shall be the same as those provided in part II of subchapter C of chapter 75 of the Internal Revenue Code of 1954 for the enforcement of forfeitures of property subject to forfeiture under any provision of such Code. SEC. 107. The Secretary may issue such rules and regulations as he may deem necessary to carry out the provisions of this Act. SEC. 108. For the purposes of this title— (1) The term "Secretary" means the Secretary of the Treasury. (2) The term "clad coin" means a coin composed of three layers of metal, the two outer layers being of identical composition and metallurgically bonded to an inner layer. (3) The term "cladding" means the outer layers of a clad coin. (4) The term "core" means the inner layer of a clad coin. (5) A specification given otherwise than as a limit shall be maintained within such reasonable manufacturing tolerances as the Secretary may specify. (6) Specifications given for an alloy are by weight.

Silver doUars, restriction. Legal tender.

Contract authority.

Silver, purchase.

Exportation,, etc., of coins.

Penalty.

Forfeiture of coins.

68A Stat. 869. 26 USC 73217329.

Definitions,

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