Page:United States Statutes at Large Volume 80 Part 1.djvu/1314

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53 Stat. 1153.

48 Stat. 906. 52 Stat. 902.

PUBLIC LAW 89-754-NOV. 3, 1966

[SO STAT.

which are insured by the Secretary of Housing and Urban Development pursuant to title X I of the National Housing Act,". (b) Subsection (a) of section 304 of the Trust Indenture Act of ^939 (^5 U.S.C. 77ddd) is amended by striking out the word "or" at the end of paragraph (8); by striking out the period at the end of paragraph (9) and inserting in lieu thereof a semicolon and the word "or"; and by adding after paragraph (9) a new paragraph as follows: "(10) any security issued under a mortgage or trust deed indenture as to which a contract of insurance under title X I of the National Housing Act is in effect; and any such security shall be deemed to be exempt from the provisions of the Securities Act of 1933 to the same extent as though such security were specifically enumerated in section 3(a)(2), as amended, of the Securitles Act of 1933 (15 U.S.C. 77c(a)(2)). " (c) Section 263 of chapter X of the Bankruptcy Act (11 U.S.C. 663) is amended by adding at the end thereof the following: "Nothing contained in this chapter shall be deemed to affect or apply to the creditors of any corporation under a mortgage insured pursuant to title X I of the National Housing Act." TITLE VI—PRESERVATION OF HISTORIC STRUCTURES PRESERVATION OF H I S TO R I C STRUCTURES AS PART OF U R B A N RENEWAL PROJECTS

71 Stat. 3 0 1. 42 USC 1460.

70 Stat. 1097.

SEC. 601. (a) Section 110(b) of the Housing Act of 1949 is amended by inserting "historic and architectural preservation," after "land acquisition,". (b) Section 110(c)(6) of such Act is amended by inserting "to promote historic and architectural preservation," after "deterioration,". (c) Section 110(c) of such Act is further amended by striking out "and" at the end of clause (8), and by striking out clause (9) and inserting in lieu thereof the following: "(9) relocation within or outside the project area of structures which will be restored and maintained for architectural or historic purposes; and "(10) restoration of acquired properties of historic or architectural value." LOCAL G R A N T - I N - A I D CREDIT FOR REIX)CATI0N AND RESTORATION OF H I S TO R I C STRUCTURES

68 Stat. 626.

gjj^. gQ2, Clausc (2) of section 110(d) of the Housing Act of 1949 is amended by striking out "clause (2) and clause (3) " and inserting inlieu thereof "clauses (2), (3), (9), and (10)". GRANTS TO N A T I O N A L TRUST FOR H I S TO R I C PRESERVATION TO COVER RESTORATION COSTS

SEC. 603. (a) The Secretary of Housing and Urban Development is authorized to make grants to the National Trust for Historic Preservation, on such terms and conditions and in such amounts (not exceeding $90,000 with respect to any one structure) as he deems appropriate, to cover the costs incurred by such Trust in renovating or restoring structures which it considers to be of historic or architectural value and which it has accepted and will maintain (after such renovation or restoration) for historic purposes. (b) There are authorized to be appropriated such sums as may be necessary for the grants to be made under subsection (a).

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