§ 343b. — Addition of lands.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 16USC343b]
TITLE 16--CONSERVATION
CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
SUBCHAPTER XXXVII--ACADIA NATIONAL PARK
Sec. 343b. Addition of lands
The Home Owners' Loan Corporation (herein called the
``Corporation'') is authorized and directed to convey and transfer to
the United States of America, upon the terms and conditions provided in
this section, all right, title, and interest vested in the Corporation,
at the date of such conveyance and transfer, in and to real property and
interests therein in the county of Hancock, State of Maine, acquired by
the Corporation through the foreclosure of that certain mortgage deed,
dated October 20, 1933, executed to the Corporation by Percy B. Russell
and Florence L. Russell, and appearing in book 642, page 389, of the
Registry of Deeds of Hancock County, State of Maine.
The Secretary of the Interior, for and on behalf of the United
States of America, is authorized and directed to accept the conveyance
and transfer of such property without regard to the provisions of
sections 3111 and 3112 of title 40 and section 1136 as amended, and
section 3709 [41 U.S.C. 5] of the Revised Statutes (except section 3112
of title 40, which shall be applicable hereto), or any other provision
of law. The Secretary of the Interior is further authorized and directed
to pay all necessary fees, charges, and expenses in connection with such
conveyance and transfer.
Upon the conveyance and transfer of such property as herein
provided, it shall be used and administered by the Secretary of the
Interior solely for national-park purposes, and it shall be deemed to
constitute a part of the Acadia National Park.
Any other provision of law to the contrary notwithstanding, the
Secretary of the Treasury shall, upon such conveyance and transfer and
in lieu of any other payment by the United States to the Corporation as
consideration for the conveyance and transfer of such property, cancel
bonds of the Corporation, in the principal sum of $18,000, purchased by
the Secretary of the Treasury under or by reason of the provisions set
forth in section 1463 of title 12 (which bonds are made available to the
Secretary of the Treasury for the purposes of this paragraph), and all
sums due and unpaid upon or in connection with such bonds at the time of
such cancelation and discharge, together with any accrued interest:
Provided, That the Secretary of the Treasury and the Corporation are
authorized and directed to make adjustments on their books and records
as may be necessary to carry out the purposes of this section.
(Dec. 22, 1944, ch. 674, Secs. 1-4, 58 Stat. 914.)
References in Text
Section 1136 of the Revised Statutes, referred to in the second
par., was repealed and reenacted as sections 4774(d) and 9774(d) of
Title 10, Armed Forces, by act Aug. 10, 1956, ch. 1041, 70A Stat. 1.
Sections 4774(d) and 9774(d) were redesignated as entire sections 4774
and 9774 by Pub. L. 93-166, title V, Sec. 509(c), (e), Nov. 29, 1973, 87
Stat. 677, 678, and subsequently were repealed by Pub. L. 97-214,
Sec. 7(1), July 12, 1982, 96 Stat. 173.
Section 1463 of title 12, referred to in the last par., was repealed
by Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80 Stat. 648.
Codification
``Sections 3111 and 3112 of title 40 and'' substituted in text for
``section 355, as amended,'' and ``section 3112 of title 40''
substituted in text for ``the last paragraph of said section 355, as
amended'' on authority of Pub. L. 107-217, Sec. 5(c), Aug. 21, 2002, 116
Stat. 1303, the first section of which enacted Title 40, Public
Buildings, Property, and Works.
Abolition of Home Owners' Loan Corporation
For dissolution and abolishment of Home Owners' Loan Corporation, by
act June 30, 1953, ch. 170, Sec. 21, 67 Stat. 126, see note set out
under section 1463 of Title 12, Banks and Banking.
