such time and place as shall be prescribed in the by-laws, when the annual reports of the officers and executive boards shall be presented and members of the executive board elected for the ensuing year. Special meetings of the corporation may be called upon such notice. as may be prescribed. (41 Stat. 274.)

See note to § 7706b, ante.

§ 77061. (Act Aug. 6, 1919, c. 32, § 8.) Copy of constitution and bylaws filed with Congress; annual report.

A copy of the constitution and by-laws and of all amendments thereto shall be filed with the Congress when adopted, and on or before the 1st day of April each year said corporation shall make and transmit to the Congress a report of its proceedings for the year ending December 31 preceding, including in such report the names and residences of its officers, and a full and itemized account of all receipts and expenditures. (41 Stat. 274.)

See note to § 7706b, ante.

§ 7706j. (Act Aug. 6, 1919, c. 32, § 9.) Certificates of stock; dividends; dissolution.

The corporation shall have no power to issue certificates of stock or declare or pay any dividends, or otherwise distribute to its members any of its property, or the proceeds therefrom, or from its operations. On dissolution of the corporation otherwise than by Act of Congress the property shall escheat to the United States. (41 Stat. 274.)

See note to § 7706b, ante.

§ 7706k. (Act Aug. 6, 1919, c. 32, § 10.) Residence of officers and members.

All members and officers of the corporations and of its governing body may reside in or be citizens of any place within the United States. (41 Stat. 274.)

See note to § 7706b, ante.

§ 77061. (Act Aug. 6, 1919, c. 32, § 11.) Termination of franchise. The franchise herein granted shall terminate at the expiration of twenty-five years from the date of the approval of the Act; and that Congress reserves the right to repeal, alter, or amend this act at any time. (41 Stat. 274.)

See note to § 7706b, ante.

REFUNDING OBLIGATIONS OF FOREIGN GOVERNMENTS

§ 7706m. (Act Feb. 9, 1922, c. 47, § 1.) World War Foreign Debt Commission; members; appointment.

A World War Foreign Debt Commission is hereby created consisting of five members, one of whom shall be the Secretary of the Treasury, who shall serve as chairman, and four of whom shall be appointed by the President, by and with the advice and consent of the Senate. (42 Stat. 363.)

This section, and the four sections next following, are an act entitled "An act to create a commission authorized under certain conditions to refund or convert obligations of foreign Governments held by the United States of America, and for other purposes," cited above.

§ 7706n. (Act Feb. 9, 1922, c. 47, § 2.) Powers of Commission as to refunding, conversion, or extension of time of payment of obligations of foreign governments.

Subject to the approval of the President, the commission created by section 1 is hereby authorized to refund or convert, and to extend the time of payment of the principal or the interest, or both, of any obligation of any foreign Government now held by the United States. of America, or any obligation of any foreign Government hereafter

received by the United States of America (including obligations. held by the United States Grain Corporation, the War Department, the Navy Department, or the American Relief Administration), arising out of the World War, into bonds or other obligations of such foreign Government in substitution for the bonds or other obligations of such Government now or hereafter held by the United States of America, in such form and of such terms, conditions, date or dates of maturity, and rate or rates of interest, and with such security, if any, as shall be deemed for the best interests of the United States of America: Provided, That nothing contained in this Act shall be construed to authorize or empower the commission to extend the time of maturity of any such bonds or other obligations due the United States of America by any foreign Government beyond June 15, 1947, or to fix the rate of interest at less than 41⁄4 per centum per annum: Provided further, That' when the bond or other obligation of any such Government has been refunded or converted as herein provided, the authority of the commission over such refunded or converted bond or other obligation shall cease. (42 Stat. 363.)

See note to § 7706m, ante.

§ 77060. (Act Feb. 9, 1922, c. 47, § 3.) Exchange of bonds or obligations or cancellation of obligations not authorized.

This Act shall not be construed to authorize the exchange of bonds or other obligations of any foreign Government for those of any other foreign Government, or cancellation of any part of such indebtedness except through payment thereof. (42 Stat. 363.)

See note to § 7706m, ante.

§ 7706p. (Act Feb. 9, 1922, c. 47, § 4.) Termination of authority granted by act.

The authority granted by this Act shall cease and determine at the end of three years from the date of the passage of this Act. (42 Stat. 363.)

See note to § 7706m, ante.

§ 7706q. (Act Feb. 9, 1922, c. 47, § 5.) Annual report of Commission; copies of refunding agreements for Congress.

The annual report of this commission shall be included in the Annual Report of the Secretary of the Treasury on the state of the finances, but said, commission shall immediately transmit to the Congress copies of any refunding agreements entered into, with the approval of the President, by each foreign Government upon the completion of the authority granted under this Act. (42 Stat. 363.) See note to § 7706m, ante.

(2246)

§ 7707. (R. S. § 4131, as amended, Act June 26, 1884, c. 121, § 1, and Act May 28, 1896, c. 255, §§ 1, 3.) What are vessels of the United States; officers to be citizens; exceptions.

Cited without definite application,

The Scandanavia II (D. C. Md.) 258
F. 144.

28, 1896, c. 255, § 2, as amended, Act Oct. 22, Officers' licenses; renewal, suspension, or revo

Cited without definite application,
The Scandanavia II (D. C. Md.) 258
F. 144.

This section (R. S. § 4132, as amended) was repealed by Act Sept. 21, 1922, c. 356, title III, § 321, ante, § 5841c-48, in so far as it relates to the free admission of materials for the construction or repair of vessels and the building or repair of their machinery, and articles for their outfit and equipment.

Notes of Decisions

Although engines for operating the auxiliary Eghting plants of ships built in this country must be regarded as parts of the vessels, and not as outfit or equipment for them, still spare or repair smaller wearing parts for such engines, such parts being carried in duplicate by such vessels, are admissible free of duty as "outfit and equipment" of vessels built in the United States, under section 5, Panama Canal act of August 24, 1912 (37 Stats., 562). Id.

A protest reciting as its basis a letter from the Assistant Secretary of

§ 7709aa. [Repealed.]

the Treasury to the collector of customs directing that merchandise of the class of that in question here be admitted free of duty under the tariff act of 1913, is sufficient to claim under that act, notwithstanding that the protest also claims under the repealed section 5 of the Panama Canal act of August 24, 1912 (37 Stats. 562). U. S. v. Harlan & Hollingsworth Corporation, 8 Ct. Cust. App. 236.

Cited without definite application, Kennedy & Moon v. U. S., 9 Ct. Cust. App. 49.

This section (Act Oct. 6, 1917, c. 88, 40 Stat. 392), is repealed by Act June 5, 1920, c. 250, § 22, 41 Stat. 997.

§ 7709aaa. (Act June 5, 1920, c. 250, § 22.) Foreign built or registered vessels admitted to American registry engaging in coastwise trade during war with Germany may continue therein.

All foreign-built vessels admitted to American registry, owned on February 1, 1920, by persons citizens of the United States, and all foreign-built vessels owned by the United States at the time of the enactment of this Act, when sold and owned by persons citizens of the United States, may engage in the coastwise trade so long as they continue in such ownership, subject to the rules and regulations of such trade. (41 Stat. 997.)

This section is a part of § 22 of Act June 5, 1920, c. 250, 41 Stat. 997, cited above.

§ 7709aaaa. (Act June 5, 1920, c. 250, § 22.) Permits to foreign ships to carry passengers between Hawaii and Pacific coast. The board is authorized to issue permits for the carrying of passengers in foreign ships if it deems it necessary so to do, operating between the Territory of Hawaii and the Pacific Coast up to February 1, 1922. (41 Stat. 997.)

This section is a part of § 22 of Act June 5, 1920, c. 250, 41 Stat. 997, cited above.

SS 7715-7717. (R. S. §§ 4137-4139.)

Cited without definite application,
The Scandanavia II (D. C. Md.) 258
F. 144.

§ 7719. (R. S. § 4141.) Vessels, where registered.

9. Registry as determination of home port-Fixing situs for taxation.-Vessels, derricks, horses, and wagons used in business of dredging and marketing mud shell, permanently situated at places other than city of Galveston, under control of agents of owner permanently residing at such places, were not subject to Galveston's personal

property tax under Galveston City Charter, 54, though Galveston was place of owner's residence, and though tugboats were registered for port of Galveston under this section, and discharged cargoes thereat, and though property was not taxed at place of its situs. City of Galveston v. Haden (Tex. Civ. App.) 214 S. W. 766.

§ 7734. (Act March 3, 1897, c. 389, § 2, as amended, Act March 4, 1915, c. 153, § 6.) Space for crew on sea-going vessels; hospital

compartments.

Construction and application of section. The words "this act" in section 6 of the seamen's act of March 4, 1915 (38 Stat. 1165), which amends section 2 of the shipping act of March 3, 1897

(29 Stat. 688), refer to the said act of 1897. 30 Op. Atty. Gen. 558.

The requirements as to crew space on vessels, prescribed by section 6 of the act of March 4, 1915, apply to all ves

sels constructed after the passage of the act of March 3, 1897. Id.

Cited without definite application, Lucking v. Detroit & C. Navigation

§ 7740. (R. S. § 4159.) Registry Effect of registry.-A mortgagee of a ship is not liable for the contracts of the mortgagor who was operating the ship, even though the ship had been registered in the name of the mortgagee, and the money received from the

§§ 7763, 7764. [Repealed.]

Co. (D. C. Mich.) 273 F 577; Petition of Canadian Pac. Ry. Co. (D. C. Wash.) 278 F. 180; The Pochasset (D. C. R. I.) 281 F. 874.

upon purchase of vessel.

contract had been paid to it in accordance with the terms of the mortgage. Calumet & Hecla Mining Co. v. Equitable Trust Co. (D. C. N. Y.) 275 F. 552.

These sections (Act March 2, 1881, c. 107, 21 Stat. 377) are repealed by Act Feb. 19, 1920, c. 83, § 4, 41 Stat. 437. See post, §§ 7764a-7764c.

§ 7764a. (Act Feb. 19, 1920, c. 83, § 1.) Change of name of vessels of United States by Commissioner of Navigation.

The Commissioner of Navigation shall, under the direction of the Secretary of Commerce, be empowered to change the names of vessels of the United States on application of the owner or owners of such vessels when in his judgment there shall be sufficient cause for so doing. (41 Stat. 436.)

This section, and the two sections next following, are §§ 1-3 of an act entitled "An act to authorize the Commissioner of Navigation to change the name of vessels," cited above. Section 4 of this act repeals Act March 2, 1881, c. 107, 21 Stat. 377. Section 5 provides that the act shall take effect 30 days after its passage.

§ 7764b. (Act Feb. 19, 1920, c. 83, § 2.) Same; rules and regulations; evidence; publication of order for change.

The Commissioner of Navigation, with the approval of the Secretary of Commerce, shall establish such rules and regulations and procure such evidence as to age, condition, where built, and pecuniary liability of the vessel as he may deem necessary to prevent injury to public or private interests; and when permission is granted by the Commissioner of Navigation, he shall cause the order for the change of name to be published at least in four issues in some daily or weekly paper at the place of documentation, and the cost of procuring evidence and advertising the change of name to be paid by the person or persons desiring such change of name. (41 Stat. 437.)

See note to § 7764a, ante.

§ 7764c. (Act Feb. 19, 1920, c. 83, § 3.) Same; fees.

For the privilege of securing such changes of name the following fees shall be paid by the owners of vessels to collectors of customs, to be deposited in the Treasury by such collectors as navigation fees: For vessels ninety-nine gross tons and under, $10; for vessels one hundred gross tons and up to and including four hundred and ninety-nine gross tons, $25; for vessels five hundred gross tons and up to and including nine hundred and ninety-nine gross tons, $50; for vessels one thousand gross tons and up to and including four thousand nine hundred and ninety-nine gross tons, $75; for vessels five thousand gross tons and over, $100. (41 Stat. 437.)

See note to § 7764a, ante.

§ 7775. (R. S. § 4189.) Penalty for fraudulent registry.

Vessels within act.-Where there is at least a doubt as to whether Act Sept. 7, 1916 (Comp. St. §§ 8146a-8146r [8]), creating the United States Shipping

Board, in any wise affected the status of small craft under 20 tons, libel by the United States to enforce by forfeiture the highly penal provision of