68 S T A T. ]
PUBLIC LAW 7 7 9 - S E P T. 3, 1954
provisions of sections 217, 218, 219, 220, 655, 1005, 1014, 1906, or 1909 of Title 18, United States Code, every director and officer participating in or assenting to such violation shall be held liable in his personal and individual capacity for all damages which the member bank, its shareholders, or any other persons shall have sustained in consequence of such violation.". SEC. 29. Section 11 of the Act approved July 31, 1945 (ch. 341, 59 Stat. 529; 12 U.S.C. sec 635h) is amended by striking out, after "provisions of", the reference "the Act of April 13, 1934 (48 Stat., Ch. 112, p. 574)", and in lieu thereof inserting "section 955 of Title 18, United States Code", so that such section will read as follows: "SEC. 11. Notwithstanding the provisions of section 955 of Title 18, United States Code, any person, including any individual, partnership, corporation, or association, may act for or participate with the Export-Import Bank of Washington in any operation or transaction, or may acquire any obligation issued in connection with any operation or transaction, engaged in by the Bank.". SEC. 30. Section 81 of Title 14, United States Code, entitled "Coast Guard", as amended by the Act approved June 22, 1951 (ch. 150, 65 Stat. 89), is amended by striking out, after "within the" in paragraph (2) of such section, the designation "National Military Establishment", and in lieu thereof inserting "Department of Defense", so that such section will read as follows: "§ 81. Aids to Navigation Authorized " I n order to aid navigation and to prevent disasters, collisions, and wrecks of vessels and aircraft, the Coast Guard may establish, maintain, and operate: "(1) aids to maritime navigation required to serve the needs of the armed forces or of the commerce of the United States; "(2) aids to air navigation required to serve the needs of the armed forces of the United States as requested by the Secretary of the appropriate department within the Department of Defense; and "(3) Loran stations (a) required to serve the needs of the armed forces of the United States; or (b) required to serve the needs of the maritime commerce of the United States; or (c) required to serve the needs of the air commerce of the United States as determined by the Administrator of Civil Aeronautics. "Such aids to navigation other than loran stations shall be established and operated only within the United States, its Territories and possessions, the Trust Territory of the Pacific Islands, and beyond the territorial jurisdiction of the United States at places where naval or military bases of the United States are or may be located, and at other places where such aids to navigation have been established prior to June 26, 1948.". SEC. 31. Section 82 of Title 14, United States Code, is amended by striking out, in the fourth sentence thereof, the reference "sections 175 (f) or 451-458 of Title 49", and in lieu thereof inserting "section 175 (e) of Title 49 or subchapter III of chapter 9 of that title", so that such section will read as follows: "§ 82. Cooperation With Administrator of Civil Aeronautics "The Coast Guard in establishing, maintaining, or operating any aids to air navigation herein provided shall solicit the cooperation of the Administrator of Civil Aeronautics to the end that the personnel and facilities of the Civil Aeronautics Administration will be
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E xp or t-Import B a n k, participation with, etc.
Coast Guard.
63 Stat. 500.
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