Page:United States Statutes at Large Volume 82.djvu/743

 82 STAT. ]

PUBLIC LAW 90-475-AUG. 11, 1968

701

Public Law 90-475 AN ACT August 11, 1968 To authorize the Secretary of the Agriculture to convey certain lands in Saline ^' ' ^ '^^'*-' C5ounty, Arkansas, to the Dierks Forests, Incorporated, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary ^^^^"^^ Forests, of Agriculture is authorized to convey by quitclaim deed to Dierks Land conveyForests, Incorporated, all of the right, title, and interest of the United ^nce. States in and to the following described tract of land in the county of Saline, State of Arkansas: Beginning at the northeast corner of the northeast quarter of the northwest quarter of section 1, township 1 north, range 18 west, fifth principal meridian; thence west along the north boundary line of the east 20 acres of said northeast quarter of the northwest quarter to the northwest corner thereof; thence south 5.85 chains along the west boundary line of said east 20 acres; thence east 9.53 chains to the east boundary line of said east 20 acres; thence north along the east boundary line of said east 20 acres to the place of beginning, containing 5.28 acres, more or less. SEC. 2. The conveyance authorized by section 1 shall be made upon condition that Dierks Forests, Incorporated, shall execute and record a reconveyance to the United States of the following described land patented to Dierks Forests, Incorporated, on January 7, 1959, under patent numbered 1190250: The southeast quarter of the southeast quarter of section 22, township 1 south, range 17 west, fifth principal meridian. SEC. 3. Upon the reconveyance to the United States of the land described in section 2, the tract shall be held and treated as if it had not been patented. SEC. 4. Section 347(b) of the Agricultural Adjustment Act of 1938, Agriculture Adj

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justment Act of

as amended, is amended to read as lollows: 193s, amendment. " (b)(1) The Secretary shall, not later than October 15 of each Long staple calendar year, proclaim the amount of the national marketing quota marketing quori. for the crop of cotton described in subsection (a) produced in the next 66 Stat. 759. succeeding calendar year in t^rms of the quantity of such cotton equal ^ "^^ ^^^'^' to the estimated domestic consumption plus exports for the marketing year which begins in such succeeding calendar year, less the estimated imports, plus such additional number of bales, if any, as the Secretary determines is necessary to assure adequate working stocks in trade channels until cotton from the next crop becomes readily available without resort to Commodity Credit Corporation stocks: Provided, That the Secretary may reduce the national marketing quota so determined for any crop for the purpose of reducing surplus stocks, but not below the minimum quota prescribed under paragraph (2) of this subsection. "(2) The national marketing quota for any crop shall not be less Minimum quota. than the amount of the import quota in effect on August 1, 1967, for the year beginning on such date for extra long staple cotton (one and three-eighths inches or more) in pounds converted to standard bales of five hundred pounds gross weight, established pursuant to section 22 of the Agricultural Adjustment Act (of 1933), as amended. 7'*us?*62^4.^' "(3) Notwithstanding the provisions of paragraph (1) of this subsection, the national marketing quota shall be the minimum quota under paragraph (2) of this subsection for each crop of such cotton for which the Secretary estimates that the carryover of American

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