An Act to amend sections 503 and 504 of the Federal Aviation Act of 1958 to facilitate financing of new jet and turboprop aircraft.
PL 86-81 (S.1368), enacted 07/08/1959

180 
PUBLIC LAW 86-81-JULY 8, 1959 
[73 ST A T . 
60 S t a t . 1082-
1091. 
68 Stat. 574. 
7 u s e 4271. 
P ub l i c i t y 
or 
propaganda. 
Short title. 
available, no part of the funds appropriated bv this Act shall be 
expended in the purchase of twine manufactured from commodities or 
materials produced outside of the United States. 
SEC. 406. Not less than $1,500,000 of the appropriations of the 
Department for research and service work authorized by the Acts of 
August 14, 1946, July 28,1954, and September 6,1958 (7 U.S.C. 427, 
1621-1629; 72 Stat. 1793), shall be available for contracting in accord-
ance with said Acts. 
SEC. 407. No part of any appropriation contained in this Act or of 
the funds available for expenditure by any corporation or agency 
included in this Act shall be used for publicity or propaganda purposes 
to support or defeat legislation pending before the Congress. 
This Act may be cited as the "Department of Agriculture and Farm 
Credit Administration Appropriation Act, 1960". 
Approved July 8, 1959. 
Public Law 86-81 
July 8, 1959 
[S. 1368] 
Federal Aviation 
A c t of 195 8, a-
mendment. 
72 Stat. 772. 
49 u s e 1403. 
AN ACT 
49 u s e 1404. 
To amend sections 503 and 504 of the Federal Aviation Act of 1958 to facilitate 
financing of certain aircraft engines and propellers. 
Be it enouctedhy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That paragraph (2) 
of section 503(a) of the Federal Aviation Act of 1958 is amended to 
read as follows: 
"(2) Any lease, and any mortgage, equipment trust, contract 
of conditional sale, or other instrument executed for security pur-
poses, which lease or other instrument affects the title to, or any 
interest in, any specifically identified aircraft engine or engines of 
seven hundred and fifty or more rated takeoff horsepower for 
each such engine or the equivalent of such horsepower, or any 
specifically identified aircraft propeller capable of absorbing 
seven hundred and fifty or more rated takeoff shaft horsepower, 
and also any assignment or amendment thereof or supplement 
thereto;". 
SEC. 2. Section 504 of the Federal Aviation Act of 1958 is amended 
to read as follows: 
"LIMITATION OF SECURITY OWNERS LIABILITY 
"SEC. 504. No person having a security interest in, or security title 
to, any civil aircraft, aircraft engine, or propeller under a contract of 
conditional sale, equipment trust, chattel or corporate mortgage, or 
other instrument of similar nature, and no lessor of any such aircraft, 
aircraft engine, or propeller under a bona fide lease of thirty days or 
more, shall be liable by reason of such interest or title, or by reason 
of his interest as lessor or owner of the aircraft, aircraft engine, or 
propeller so leased, for any injury to or death of persons, or damage 
to or loss of property, on the surface of the earth (whether on land 
or water) caused by such aircraft, aircraft engine, or propeller, or by 
the ascent, descent, or flight of such aircraft, aircraft engine, or pro-
peller or by the dropping or falling of an object therefrom, unless such 
aircraft, aircraft engine, or propeller is in the actual possession or 
control of such person at the time of such injury, death, damage, or 
loss." 
73 S T A T . ] 
PUBLIC LAW 86-83-JULY 13, 1959 
181 
SEC. 3. The proviso contained in section 503(d) of the Federal 
Aviation Act of 1958 is amended to read as follows: ''''Provided^ That 
an instrument recorded under section 503 (a) (2) shall not be affected 
as to the engine or engines, or propeller or propellers, specifically 
identified therein, by any instrument theretofore or thereafter re-
corded pursuant to section 503(a) (3)." 
SEC. 4. Paragraph (1) of section 503(f) of the Federal Aviation 
Act of 1958 is amended to read as follows: 
"(1) the identifying description of the aircraft, aircraft engine, 
or propeller, or in the case of an instrument referred to in section 
503(a) (3), the location or locations specified therein; and". 
Approved July 8, 1959. 
49 
use 
1403. 
49 
use 
1403. 
Public Law 86-82 
AN ACT 
To authorize the sale of certain lands to the State of Missouri. 
July 13, 1959 
[S. 692] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Secretary 
of the Army is hereby authorized to convey by quitclaim deed to 
the State of Missouri, for public park and recreational purposes only, 
such areas within the portion of Table Rock Dam and Reservoir proj-
ect, Missouri, presently leased to said State for public park and recre-
ational purposes, as he shall deem essential to provide building sites 
for permanent buildings and other improvements for public park 
and recreational purposes, but not to exceed fifty acres, at fair value 
as determined by him, which in no event shall be less than the cost 
to the Government of acquiring such areas, and under such terms and 
conditions as he shall deem advisable to assure that the use of said 
areas by the State will not interfere with the operation of said dam 
and reservoir project and such additional terms and conditions as 
he shall deem advisable in the public interest. 
The conveyance authorized oy this Act shall not pass any right, 
title, or interest in oil, gas, fissionable materials, or other minerals. 
In the event actual construction of the said buildings and improve-
ments has not commenced within five years from the effective date 
of this Act, or in the event said property shall cease to be used for 
public park and recreational purposes for a period of two successive 
years, then title thereto shall immediately revert to the United States. 
Approved July 13, 1959. 
Missouri, 
Conveyance. 
R e v e r s i o n 
of 
title to U.S. 
Public Law 86-83 
AN ACT 
To amend the Act of March 3, 1901, to eliminate the requirement that certain 
District of Columbia corporations be managed by not more than fifteen 
trustees. 
July 13„ 1959 
[H. R. 4454] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress a^senwled^ That section 608 of 
the Act entitled "An Act to establish a code of law for the District of 
Columbia", approved March 3,1901, as amended (D.C. Code, sec. 29-
204), is amended by striking out "nor more than fifteen". 
Approved July 13, 1959. 
31 Stat. 1285.