Page:United States Statutes at Large Volume 54 Part 1.djvu/380

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PUBLIC LAWS--CHS. 336, 337-JUNE 12, 1940 Installments. Territory. The total amount remaining due, determined as herein- above provided, shall be payable in fifteen equal biennial installments. Interest. Simple interest at the rate of 3 per centum per annum shall be charged upon the unpaid balance of such installments, whether matured or unmatured, said interest to be computed from the effec- Due dates of pay- tive date of this paragraph and to be payable semiannually. The ments on principal. first payment on account of principal shall be due two years subse- quent to the effective date of this paragraph, and thereafter the due dates of principal payments shall be at regular two-year periods; Due dates of pay- the first payment on account of interest shall be due six months mes o subsequent to the effective date of this paragraph, and thereafter the due dates of interest payments shall be at regular six-month Possession by o- periods. In case of default in payments of principal or interest on the due dates as hereby fixed the Commissioner may, with the approval of the Governor, with or without legal process, notice, demand, or previous entry, take possession of the land covered by any such special homestead agreement and thereby determine the estate created by such agreement as hereby modified, whereupon liability for payment of any balance then due under such special spsuanc of land- homestead agreement shall terminate. When the aforesaid payments have been made to the Territory of Hawaii, and all taxes, charges, and assessments upon the land have been paid as provided by said agreements, and all other conditions therein stipulated have been complied with, except as herein excused or modified, the said special homestead agreements shall be deemed to have been performed by the holders thereof, and land-patent grants covering the land described in such agreements shall be issued to the parties mentioned therein, or their heirs or assigns, as the case may be. Nonflabilituy noTer- "Neither the Territory of Hawaii nor any of its officers, agents, or representatives shall e liable to any holder of any special home- stead agreement, past or present, whether or not a patent shall have issued thereon, or to any other person, for any refund or reimburse- ment on account of any payment to the Territory in excess of the amount determined as provided by the preceding paragraph, and the legislature shall not recognize any obligation, legal or moral, on account of such excess payments." Effective date. SEC. 2 . This Act shall take effect upon its approval. Approved, June 12, 1940. [CHAPTER 337] June 12,1940 AN ACT [Ir. R .9262] To provide for the examination of civilian nautical schools and for the inspection [Public, No. 6e] of vessels used in connection therewith, and for other purposes. Be it enacted by the Senate and House of Representatives of the Merchant marine. United States of America in Congress assembled, That as used in this school," definition. Act the term "civilian nautical school" means any school or branch thereof operated and conducted in the United States (except State nautical schools and schools operated by the United States or any agency thereof), which offers to persons quartered on board any vessel instruction for the primary purpose of training for service in the merchant marine. Examinationrating, SE. 2 . Every civilian nautical school shall be subject to examina- tion and inspection by the United States Maritime Commission, and the Commission may, under such rules and regulations as it may prescribe, provide for the rating and certification of such schools as to the adequacy of the course of instruction, the competency of the instructors, and the suitability of equipment used by or in connection with such schools. 346 [54 STAT.