, 1959-12-07

It'll u III @VnBI 1IoIdIUo3 ITOVIQCU, however, That III Z.
lieu Of such taxes the Department may bind itself to make
payments to the Government Of the Virgin Islands for i'm
proveInents, services, and facilities furnished by the Gov
eminent of the Virgin Islands for the benefit of a housing
project, but in no event shall such payments exceed the
amount last levied as the annual property tax of the Gov
eminent Of the Virgin Islands, on the property included
IN said project prior to the time Of its acquisition by the
said Department.
1t is hereby declared, without prejudice Of the gen
crafty Of the exemption above established, and in CON
forInity Herewith, that the public or private documents
and copies thereof executed by, or in favor OF, the Depart
ment, and the registration of same in the r~egistries Of pro-
perry, Of the Virgin Islands; thesfing and subsequent pro-
secution Of judicial actions or proceedings; the materials,
implements, equipment, machinery. and accessories direct
" obtained in the Virgin Islands by said Department,
whether through introduction, local purchase, purchase
from entities exempt, or purchase Of stock from local
manufacturers, when such materials, implements, equip
ment and machinery are intended to be, and ultimately
are used in the execution Of any housing project, and the
Licenses for the use of all kinds of motor vehicles, are
hereby exempted from all kinds of taxes, inlpOsts, fees, or
excuses Of whatever class or nature, fixed by the laws Of
the Virgin Islands.
Provided, likewise, That if after July ], 1859. any i'm
porter, distributor or local manufactures should pay taxes
lawfully due on or after said date on articles exempted by
this Act, which are subsequently sold to the Department,
thus transferring thereto the excise taxes through the
sales price, and it is verified, to the satisfaction Of the
Commissioner Of Finance, that the overall price is not
Commissioner of Finance, shall, upon claim to the Depart
ment, proceed to reimburse to the claimant, with the prior
acquleScence OF the importer or distributor, the total
amount of the excise taxes transferred, excluding penal
ties; Provided, also, That such exemption shall not be
construed as covering gasoline or any other fuel, or parts
and accessories for any kind of vehicles.
SECTIONfl2 The Department shall submit to the
Attorney General Of the Virgin Islands any bonds to be
issued under the provisions Of this Act after all proceed
ingS for the issuance Of such bonds have been taken. Upon
the submission Of such proceedings to the Attorney Cen
eral it shall be his duty to examine into and pass upon the
validity Of such bonds and the regularity Of all proceed
ings in connection Herewith. If such proceedings con-
form to the provisions of this Act and to Section 8 Of the
Revised Organic Act Of the Virgin Islands, as amended,
and are otherwise regular in form and if such bonds when
delivered and paid for will constitute binding and legal
obligations Of the Department enforceable according to
the terms thereof, the Attorney General shall certify in
substance upon the back Of each Of said bonds that it is
issued in accordance with the law of the Legislature Of the
Virgin Islands and the Congress of the United States.
Ito be contlnuedl