988 SIXTY—SIXTH CONGRESS. sms. 11. oa. 250. 1920. Iune5,19Q0. CHLAP. 250.-—An Act To provide for the promotion and maintenance of the
American merchant marine, to repeal certain emergency legislation, and provide for
lP“bh°· *°· 261*] the disposition, regulation, and use of property acquired thereunder, and for other PUIPOSBS. M¤r<>¤¤¤¤ M¤=i¤¤ Be it enacted by the Senate and House 0 Re esentatives of the A`iii»iag?`rer develop- United States 3 America in Congress assembliid, 'lzhrat it is necessary $g$},,;’,[,“,'},,’},,‘{},f’g°,§f for the nation defense and for the (proper growth of its foreign and declared- domestic fcotrgmirce that_ thedUmt1e States shall have a rperchaxig marine 0 e est equippe an most suita e types 0 vesse sufficient to_ carry thuexglreater portion of 1ts commerce and serve as a naval or military a 18.1`y m time of war or national_ emergency, ultimately to be owned and operated privately lg citizens of the United States; ancg 1t as hereby dec1%red_ to be e policy of the United States to 0 w atever may e necessary to develop and encourage the maintenance of Such a merchant marine, and, in so far as may not be inconsistent with the e ress provisions of this °x§§ufg§ig§0v§S§:£ rg} Act, the United States Shipping Board shig, in the dis osition of mm; mmm. vessels and shippingproperty as heremafterprovided, in tlhe making of ruins anad regulations, éalplg H1 the adrnimilstration if the shipping laws eep ways in view purpose an 0 ject as the primary en _ to be attained. _ d(g°°}$§,_ ‘°g‘s‘*" Snaol. (si} That glie lfollcgwjcing Actg and ptarts cg Actslfire herieflyiyg repe e , su ec o, e lIl11 a ions an excep 10ns erein er, in Act provided: EH1Bl'g€IlCy ’ • · • • , md -· _ (1) The emergency slnp mg fund provisions of the Act entitled V¤l?§?’i11§iT§· "An Act makgng ;pp`1E]pri)ationsdi§:I> sigpgy pfggnt deficiencies in a propriations or the tary an av sta is ments on account TMS mn Shu} oi) war expenses for the fiscal year ending June 30, 1917, and for we smpdeysgs. other urposes," approved Jnme 15, 1917, as amended b the Act . 5 . Y V°l·‘*°· PJ"- entitle "An Act tp amend the emergency shipping fund provisions of the Urgent Defic1gnc¥Ap}Z1ropriat%l>1;;1;S*ict, approved June 15, 1917, so as to empower the resident an designated adents to take over certain transportation systems for the transportgtion of ship- _ _ _ yard and plant employees, and for other purposes/’ approved April b,f§,§,,‘},',;‘;{a‘{,§'S,°*;*;fP‘ 22, 1918, and as urther amended by the Act entitled_ "An Act V¤l.40,1>-1021 making appropriation to supply deficiencies m appropriations for tlfie fiscal year endmgdJ1;ne 30i11919, and prior fiscal ye§u§ on account o war expenses, an or other purposes/’ approve ovember 4, . 1918· s—t$·2i”$i;§§§Z“etti) r (2), Section 3 of such Act of April 22, 1918- Vol. 40, p. sod. ’ ApP’°¥’Tf““°" ‘ " (3) The para aphs numbered 2 and 3 under the heading "Emerphi;i>if·$f¤. Mm gency Shipping §dnd" in such Act of November 4, 1918; and c,,§}’§,§§'f* °' sh“"""“ (4) (Phe Act entitled "An Act to confer on the President power to W- **°· P- 9*1 prescribe charter rates and freight rates and to requisition vessels, and for other purp0ses," approved July 18, 1918. i,,{"§‘§}§§§$§,°'{;0,,‘§'T"’ (5) Sections 5, 7, and 8, Shipping Act, 1916. 'ol. 39, p. 730. ,,,,Ig{§°°““°“$ °“ "` _ (b) The repeal of such Acts or parts of Acts is subject to the foll0W· ing limitations:
°<>¤mm (1) All contracts or agreements lawfully entered into before the
pagsage of éhis uxidler gang suiclélict or &irt of Act shall be assumed an came ou y e imte tates `pping Board, hereina ter called " the board. " d£gr;}¤di¤gaqg»j;§*$»€*¤-» (2) All rights, interests, or remedies accruing or to accrue as_a result of any such contract or agreement or of any action taken in pursuance of any such Act_ or parts of Acts shall be in all res eots as valid, and may be exercised and enforced in like manner, Subj ect
