Chapter 112. To amend an Act entitled “An Act to authorize the President to provide housing for war needs,” approved May 16, 1918
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CHAP. 112.— An Act To amend an Act entitled “An Act to authorize the President to provide housing for war needs,” approved May 16, 1918. March 21, 1922.[[H. R. 9597](/us/bill/67/hr/9597).][[Public, No. 179](/us/pl/67/179).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Housing for war needs.Vol. 41, p. 224, amended. That section 5 of an Act entitled “An Act to authorize the President to provide housing for war needs,” approved May 16, 1918, as amended by an Act approved July 19, 1919, be, and the same is hereby, amended to read as follows:
" “Sec. 5. Termination of authority of Housing Corporation.Powers continued to dispose of property, execute contracts, etc. That the power and authority granted herein shall cease with the termination of the present war as formally proclaimed by the President, except the power and authority to care for, rent, operate, and sell such property as remains undisposed of; to conclude, execute, settle, and adjust all contracts or other obligations made or incurred during the war, or in carrying out the provisionsPublic utilities to municipalities, etc., included. of this Act, including contracts or other obligations made or incurred with municipalities or other political subdivisions for the furnishing of services and facilities to the property of such corporations, and for the construction of public utilities by such municipalities or other political subdivisions in pursuance to the terms of said contracts or other obligations; to collect the principal and interest of loans made or other sums due under obligations entered into under this Act; and to take such other steps as are necessary to protect the interests of the Government and to fulfill the obligations dulySale of property. incurred in carrying out the powers granted by said Act.
All property shall be sold at its fair market value as soon as can be advantageously done, and a reasonable effort shall be made to sell the houses direct to prospective individual home owners for their own occupancy before they are offered for sale in bulk or to speculative investors. Full power and authority is hereby given to sell and convey all of such property remaining undisposed of after the terminationExecution of conveyances, etc. of the present war. All deeds, contracts, or other instruments of conveyance executed by the United States Housing Corporation by its duly authorized officer or officers where the legal title to the property in question is in the name of the said corporation, and by the United States of America by the Secretary of Labor where the title to the property in question is in the name of the United States of America, shall be conclusive evidence of the transfer of title to the property in question according to the purport of such deeds, contracts, or other instruments of conveyance, and in no case shall any purchaser or grantee thereunder be required to see to the application of any*Provisos*.Lien for unpaid purchase money.No free disposal, etc. purchase money: *Provided*, That no sale or conveyance shall be made hereunder on credit without reserving a first lien on such property for the unpaid purchase money: *Provided further*, That in no case shall any such property be given away; nor shall rents be furnished free, but the rental charges shall be reasonable and just as469 between the tenants and the Government.
The United StatesDissolution of Housing Corporation on disposal of property etc.Vol. 40, p. 560, 595.Vol. 41, p. 224. Housing Corporation (a corporation organized by authority of the President of the United States, pursuant to the provisions of an Act approved May 16, 1918, entitled ‘ An Act to authorize the President to provide housing for war needs,’ and an Act approved June 4, 1918, entitled ‘ An Act making appropriations to supply additional urgent deficiencies in appropriations for the fiscal year ending June 30, 1918, on account of war expenses, and for other purposes’) shall wind up its affairs and dissolve as soon as it has disposed of said property and performed the duties and obligations herein set forth: *And provided further*,Reports to Congress, of adjustments as made.
That the corporation shall report to Congress on December 31, 1919, and on June 30, 1920, all sales made and the amounts received therefrom, together with a detailed statement of receipts and expenditures on account of the other activities authorized by law, and said corporation shall report to Congress from time to time all settlements or adjustments made under the authority hereof.” " Approved, March 21, 1922.