Chapter 189. To authorize the United States Shipping Board to sell certain property of the United States situated in the city of Hoboken, New Jersey
760 words·~3 min read·
/statutes-at-large/vol-46/chapter-189-1154616·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 189.— An Act To authorize the United States Shipping Board to sell certain property of the United States situated in the city of Hoboken, New Jersey. April 19, 1930.[[S. 2757](/us/bill/71/s/2757).][[Public, No. 146](/us/pl/71/146).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the UnitedHoboken, N. J.Shipping Board real property in, to be sold. States Shipping Board is authorized for and on behalf of the United States, to sell the right, title, and interest of the United States in the real property described in Schedule A appended to a proclamation of the President of the United States, dated December 3, 1918, which was taken over by the United States by a proclamation of theVol. 40, p. 1658.
President of the United States dated June 28, 1918, pursuant to the authority vested in him by the Act entitled “An Act making appropriationsVol. 40, p. 459. to supply deficiencies in appropriations for the fiscal year ending June 30, 1918, and prior fiscal years, on account of war expenses, and for other purposes,” approved March 28, 1918. TheSite for city post office excepted.Vol. 45, p. 1658. property transferred to the Treasury Department by the Second Deficiency Act. fiscal year 1929, shall not be sold under the provisions of this Act. 220 Other lands excluded from sale.There shall also be excluded a piece or parcel of land in said city, contiguous to the east line of the present post-office site as transferred under the Second Deficiency Act, 1929, fronting twenty-five feet along the north line of Newark Street and extending at that width in a northerly direction one hundred and seventy-five feet; also a piece or parcel of land twenty-five feet wide on the northerly side of said post-office site and contiguous thereto, as extended herein, running westerly along the south side of First Street extended, two hundred and twenty-five feet, more or less, to the easterly side of River Street.
Sec. 2. Conditions of sale. Said property shall be sold, in whole or in part, at public competitive sale, for use and operation as piers or terminals, on such forms and conditions as said United States Shipping Board may prescribe, giving due consideration to the interests of the United States and to the development and maintenance of an adequate American Merchant Marine, but in no case for less than 25 per centum of the purchase price in cash, and payment of the balance of the purchase price, with interest at 5 per centum per annum, Rejection of unsatisfactory bids.shall not be deferred more than five years from date of sale.
The right is expressly granted said United States Shipping Board to Sale restricted to citizens.reject any or all bids for any reason it may deem sufficient. Said property shall be sold only to a citizen of the United States, within the meaning of section 2, Shipping Act, 1916, as amended by section 38, Merchant Marine Act, 1920. Sec. 3. Advertisements of terms of sale, etc. The United States Shipping Board shall publish the terms of such sale, and the date and time, and the final date of filing bids, if by the acceptance of bids, at least once in each week during the four weeks preceding such sale, in the Jersey Observer, a daily newspaper printed and published in the city of Hoboken, New Jersey, in the Jersey Journal, a daily newspaper printed and published in the city of Jersey City, New Jersey, and in the Journal of Commerce, a daily newspaper printed and published in the city of New York, New York, and may publish such notice in such other newspapers or publications, or advertise said sale in such other manner as the United States Shipping Board deems most advisable as affording adequate notice of such sale.
Sec. 4. Deposit of receipts In Shipping Board loan fund.Vol. 45, p. 690.[U. S. C.. Supp. IV. p. 616](/us/usc/p616). All sums received as a result of the sale of such property shall be deposited in the construction loan fund created by section 11 of the Merchant Marine Act, 1920, as amended (U. S. C., supp. 3, title 46, sec. 870). Sec. 5. Sale, etc., subject to purposes or Merchant Marine Act.Vol. 45, p. 689.[U. S. C., Supp. IV, p. 617](/us/usc/p617). The United States Shipping Board, in making said sale and the terms and conditions thereof, shall keep in view the policy and primary purposes declared in section 1, Merchant Marine Act, 1920, and confirmed in section 1, Merchant Marine Act, 1928.
Approved, April 19, 1930.