, 1955-06-23

80 49,
wear 1954-1955 for the liquidation Of all outstanding obliga-
lions for the Fiscal Years July ], 1851 to June 80, 1852, July
i, 1852 to June 30, 1853, and. July !. 1888 to June 81, 1924.
(c) Whenever the Governor shall be Of the opinion that
the necessities of a budgetted agency warrant an increased
appropriation or it shall be necessary to provide emergency
expenditures, he may with the approval of the Finance Com
mittee, approve such expenditures from any appropriations
for contingencies that may be made available by the Legs
lature.
SECTION Z. Any official or employee of the Govern
ment Of the Virgin Islands who has been authorized to trans
bort his family and household furnishings to or from the
Virgin Islands shall be reimbursed for such expenses upon
presentation Of the proper receipts up to the amount OF Two
Thousand $4,000 Dollars. Expenses incurred over the
amount Of Two Thousand $4,000 Dollars may be reimbursed
in special cases upon the approval of the Governor and the
Finance Committee of the Legislature.
SECTION 8. No real property belonging to the Govern
ment Of the Virgin Islands or any Of its agencies, except as
may be otherwise provided by law, shall be sold, leased or
disposed of in any manner, except with the prior approval
Of the Finance Committee of the Legislature and no title to
real property or any interest in real property, whether by
lease or otherwise, shall be accepted on behalf Of the. Gov
eminent of the Virgin Islands or any O. its agencies except
upon the authorization Of the Legislature as may be deter
mined by law.
SECTION g. Unless otherwise provided by law, no loans
shall be made from any public or trust fund Of the Govern
ment Of the Virgin Islands. exert with theeDrior approval OF
the Finance Committee Of the Legislature. Loans shall be
allowed only Tor the nnDTOVeHl9nt Oh real y Cp1Ity S1t1dLGu
within the Virgin Islands. and shall be properly secured
by a first Or second mortgage on said property until the
loan and interest have been paid in full. Said loans shall be
payable in monthly. quarterly, or senIannual installments
as may be determined with the approval of the Finance
Committee Of the Legislature for a period Of ten years and
With interest Of four percent per annura- The Governor shall
prescribe sue Negotiations as may be necessary for the inpi-
mentation of this section;Provided. that no loan shall not ex-
coed an amount equal to fifty percent Of the appraised value
of the real property offered as security, and appraisal to be
--JZ .-s4 - IL T.o4rs.4 lGo-x4o 80 H.
Virgin Islands.
SECTION 10. The Legislature Of the Virgin Island is
hereby to be the successor of the former Municipal Councils
Of S.. Thomas and st. John and Of 81. Croix and shall assume
the powers and duties of said Municipal Councils wherever
referred to in any existing law or ordinance. The Finance
Committee of the Legislature is hereby declared to be the sue
cessor Of the former Municipal Committee of st. Thomas and
st. John and the former Municipal Committee Of ST. Croix.
and shall assume the powers and duties of said Municipal
Committees wherever referred to in any existing law or or
dinance.
MI. carroll .............,.. Yea
Mr. Gomez Yea