Page:United States Statutes at Large Volume 75.djvu/701

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[75 Stat. 661]
[75 Stat. 661]
PUBLIC LAW 87-000—MMMM. DD, 1961

75 S T A T. ]

661

PUBLIC LAW 8 7 - 3 0 3 - S E P T. 26, 1961

SEC. 112. None of the funds appropriated in this Act may be used to make payments under contracts for any project in a foreign country unless the Secretary of Defense or his designee, after consultation with the Secretary of the Treasury or his designee, certifies to the Congress that the use, by purchase from the Treasury, of currencies of such country acquired pursuant to law is not feasible for the purpose, stating the reason therefor. SEC. 113. No part of the funds contained in this Act shall be used to incur obligations for the planning, design, or construction of facilities for the Naval Radio Research Station, Sugar Grove, West Virginia, the total cost for which will be in excess of $135,000,000. SEC. 114. This Act may be cited as the Military Construction Appropriation Act, 1962. Approved September 26, 1961.

Foreign proj ect s.

Construction limitation.

Short title.

Public Law 87-303 AN ACT To amend the Ship Mortgage Act, 1920, with respect to its applicability to certain vessels.

September 26, 1961 [H, R. 2308]

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That (a) paragraph A^'^^i^o'^^encT (a) of subsection (D) of the Ship Mortgage Act, 1920 (46 U.S.C. men't. 922), is amended by striking out "of less than two hundred gross 49 Stat. 424. tons" and.inserting in lieu thereof "of less than twenty-five gross tons". (b) The amendment made by subsection (a) of this section shall Applicability. not apply to (1) any mortgage in existence on the date of enactment of this Act, or (2) any mortgage placed on a vessel after the date of enactment of this Act under a mortgage on such vessel in existence on the date of enactment of this Act, so long as such existing mortgage remains undischarged. SEC. 2. Paragraph (a) of section 1101 of title X I of the Merchant 68 Stat. 1267. Marine Act, 1936 (46 U.S.C. 1271), is amended to read as follows: " (a) The term 'mortgage' includes a preferred mortgage as de- "Mortgage." fined in the Ship Mortgage Act, 1920, as amended, on any vessel of the 41 Stat. 1000. United States (other than a towboat, barge, scow, lighter, car float, 46 USC 984. canal boat, or tank vessel, of less than two hundred gross tons), and a mortgage on such a vessel which will become a preferred mortgage when recorded and endorsed as required by the Ship Mortgage Act, 1920, as amended;". SEC. 3. The proviso at the end of section 511(h) of the Merchant Marine Act, 1936, as amended, is amended to read as follows: "Pro- 73 Stat. 471. vided^ That until January 1, 1962, in addition to the extensions here- 46 USC 1161. inbefore permitted, further extensions may be granted ending not later than December 31, 1962". SEC. 4. The amendment made by the first section of this Act shall Effective date. take effect December 31, 1961, or on the date of enactment of this Act, whichever date first occurs. Approved September 26, 1961.