1537 _ TITLE 46.-» Soc, t ' . · s~o3.» Transfer to Shipping Board ot vessels and other property ac-_ qxilred by President. ` rut. Sale ot vessels; terms and conditions. ses;. Sale -to aliens, ‘ . ‘ ‘_ M16. Establishment and operation ot steamship lineebctwccn ports of United States. · _ _ _ . ·. _ $07. Investigation of port, terminal, and warehouse facilities. ‘ ms. Vessels sold under deferred payment plan °; insurance. ` wss, (‘1=eation‘o! fund for, in.surance of interests ot United States. 870, Construction loan fund; use ot. »
- 71. Repair and operation of vessels until pale. ·
sti!. Sale of property other thaxrveasels. . _ · _ , ‘ _&~l'Z2. Use and disposition of- net proceeds derived from `authorized activities; withdrawal ot investments. · _ , ‘ $74. Authority lu respect to housing privileges for employees terminated. - " . _' - .· _ · $75. Possession and control of terminal equipment and facilities. STG. Power of board to make rules and regulations. _, · ` . 877. Constwise lawa extended to island territories and possessions. 97+2. Deductions allowed owners of documented vceeels of United States tor income and excess-pronto tax purpose .- ; _ 870. Exemption from income taxes on sales of documented vessels. aw. United Stateemails carried on American-built documented vessels. SS1·. Classldcatton ot vessels by American- Bureau of Shipping. _ . . sez. Number or passengers cargo vessels nqay ce:r;·y._ __ 8:43. Transportation of merchandise between points in United State; · ln other than domestic built and documented vessels. _ t `SS4. Charges for transportation subject to Interstate Commerce Act._ RSS. Demiitiona; construction` ot antitrust laws. - n RS6. Powera of beard: how exercised. · — $87. Partial invalidity ot, chapter. ass. Deaumnna. · . . .*:89, “Merchant Marine Aet.”_ Section 861{ Purpose and policy of United States.-—It is necessary for the national defense and for the proper growtha of its foreign `anddomestic commerce that the United States l shall have a merchant matuueor the best equipped- and moat n suitable types ot vessels anmclent to carry the greater `portion t oi its commerce and nerve as a naval or military auxiliary 1 in time ot war ·—or‘national emergency; ultimately to be`. owned 1 and. operated privately by citizena of the United States ;_ and it is declared to be the policy of the United States to do whatever. may be n ary to develop encourage the nmalny tenance of·B1lC}§\ a merchant marine, and, in so far aa may not be inconsistent with the express provisions ot this chapter, the United States Salppixm B9¤rd Shall, in the disposition of vessel; and shipping property an hereinafter provided, lp the making of ram and regulations, and ln »` the admlniatratjon _'of the_al1ipping laws keep always in view this pnrpog and otwject as the primary end to be attained,. I(June 5, 1920, c. 250, .s1,41_aut.·aas.>, . _· ·’ _ ‘ . · 862. Acta repealed; llnnltatlms; settlement of matters arieina out of excr¢e of powers eoatrenm . by 4 repealed- Acta.--·— (a) tollowin; Acta and parts of Acta are hereby repealed, ‘enb_ Jo- the limitation; and exceptions hereinafter in this chapter provicledz- · · · (1)* The emergency shipping, fund provisions ,,o£_ the Act em titled “.An Act making appropriations to supply, urgent deddenctm in appropriations for the Military ‘ and Naval Establishments on account ot war expenses for the decal year- encl·_ ing Jane 30, 1911, and for otltexr pnrpoam,"_ approved June 15, 1911, aa amended by the Act entitlm “An Act to amend the emergency shipping tnnd provlalona ot the Urgent Denclency ‘ Appropriation Act, approved June 15, 1917, so aa to empower the Preetmt and his designatw agentatotake orer certain transportation for the transportation of shipyard and Dlantiemployeu, and for other purposes.? approved April @, 1918, and an further amendm by the Act “An Act making appropriation to mpply · dedeienctu in iappropriations aforcthe yar ending June 80, 1919, and prior Ehl YM-I'!. von account of ·war_ex—penaea,._and for other purpoaeaf approved November 4, 191§,~_ I ” ‘ ~ _ · ‘ ao27o•-·2•-e-or- ‘
SHIPPING § 863 (2) Section 3 of such Act of April 22, 1918; (3) The paragraphs, numbered ‘2 and 3 under t® heading " Emergency shipping fund " in such Act of November 4, .1918; and . , L . (4) The `Act entitled "An _Act tu confer on the President power to prescribe charter rates and freight Yrates and to requisition vessels, and for other .pur;Soses," approved July 18," 1918. E _ - -- _ __ ` (5) Sections 5,°7, and 8,* Shipping Act, 1916. ‘ · “ ···
* `(U) The repeal of __such Acts or parts of Acts ie subject to
the following limitations: - . · . _ (1) A11. contracts or agreements lawfully entered jnto be- .fore June 5, 1920, Under any such Act or part of Act shall be assumed and carried out by the United States Shipping Board, ` hereinafter called ‘f the board? » a . ’ ·‘(2) All rights, interests, orremedies accruing or·`to accrue ‘ as`} 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_aIl respects as valid, and may be exercised and enforced in`1ike manner, subject tch the jprovisions of subdivision (c) of this section, as if this" chapter had not been passed. _(3) The repeal` shall not have the eEect of extinguishing any penalty incurred `under such Acts or ‘parts ot Acts, but Such Acts or parts of Acts shall remain in force for the pur-i pose or sustaining a prosecution for enforcement of the penalty therein provided for the violation thereof. (4) The board shalyhave full power and authority to complete or conclude any construction work begun in accordance with the provisions of such _Acts_ or_parts' of Acts if, in the _¤p1¤;¤¤` of the board, the completion or conclusion thereof is for the best interests of the United States.- -· ` `
- (c) As soon as practicable after June 5, 1920, the-.board
shall- adjustysettle, and liquidate all matters arising ont ot or incidenttq the exercise by or through the President oi'Yany— of the powers or duties conferred or imposed upon the President by any such Act or parts of `Acts; and for this purpose the board, instead of the President, shall have and exercim any ot ·snch powers and duties relating to the determination and payment of just compensation: Provided; Ther any per-· son disqtisded with any decision ot the board shall have the same right to sne the United _·States as be would have had if. the decision had bun made by the President of the United ` States under the Acts hereby. repealed;. (June 5, 1920, e, 250, ·2»*1St&t·%8·)‘ `_ _ " °~_ — -863. Transfer to Skinning Board of vessels and other property- 57 Presidmt.-e-All vemels and other property —or interests_`ot qhatsnever kind, including vessels or preperty in course of construction or contracted tor, acquired by the Prmident through any ngenciw whatsoever in pursuance ot authority conterzd by the Acts or parts of Acta repealed by section 862} or pursuance of the joint resolution entitled " Joint ·‘ReSe1¤tien anthorimng they Pmident to take over for the United States the pbemmiene and title of any vessel within its jur1sd1ction,·wbicb.at the time ot coming therein was owned in whole or, in part by any corporation, citizen, or- subject of _ c anyrnatioea withavhich the United Staten nmy be at war, or WEE nnder twister. at any such nation, and for ether purposes,” approved Hay 12, 1917,` with: the exception ot yessele A and property the me ot whiclris, in the opinien of thefresident, required by any other branch of the Government service or the United States, are hereby transferred to the board: Bray vided, That all vemla in the military and naval service of the United States, including the yeseels assigned to river and harbor work, inland waterways, er vessels, for such needs in the course of construction or under contract by the War De-~_ put£mt,‘sha1l`be exempt from the pmyieiona ot this chapter. l (JMS GQ 1%. c. 250. § 4, Q Stat.—»990.) ‘ oe
