An Act to authorize certain property transactions in Cocoli, Canal Zone, and for other purposes
PL 83-621 (H.R.7334), enacted 08/23/1954

68 S T A T . ] 
PUBLIC LAW 622-AUG. 23, 1954 
765 
fair price, disregarding the value of the improvements made hj the 
lessee, which price shall be determined by three disinterested citizens 
to be appointed by the Governor." 
SEC. 2. This Act shall take effect upon its approval. 
Approved August 23, 1954. 
Effective date. 
Public Law 621 
CHAPTER 825 
AN ACT 
August 23, 1954 
To authorize certain property transaction.s in Cocoli, Canal Zone, and for — [ H . R. 7334] 
other purposes. 
Be it enacted hy the Senate and Hou^e of Repreftentatives 
of the 
United States of America 
in Congress assemhled^ That the Canal 
Zone Government and the Panama Canal Company, respectively, are 
authorized to transfer to the Department of the Navy, without ex-
change of funds, all or so much of the facilities, buildings, structures, 
and improvements of the respective transferor agencies situated at 
or within the town of Cocoli, Canal Zone, as may be mutually accept-
able for transfer. 
Such facilities, buildings, structures, and improve-
ments may be used, among other things, for occupancy by civilian 
personnel in accordance with the provisions of the Act of March 5, 
1928 (ch. 126, 45 Stat. 193), and by personnel of the Army, Navy, 
Air Force, Marine Corps, Coast Guard, Coast and Geodetic Survey, 
and the Public Health Service and their dependents on a rental basis 
without forfeiture of any rental allowances, including occupancy in 
accordance with the provisions of the Act of July 2, 1945 (ch. 227, 
59 Stat. 316) : Provided^ That upon any transfer by the Canal Zone 
Government under this Act, the capital investment in the transferred 
facilities, buildings, structures, and improvements shall be eliminated 
from the investment of the United States in the Canal Zone Govern-
ment, but shall not be included in the costs of operation of that 
agency: And provided further, That transfers made by the Panama 
Canal Company under this Act shall be subject to the provisions of 
section 246 of title 2 of the Canal Zone Code, as added by the Act 
of June 29, 1948 (ch. 706, sec. 2, 62 Stat. 1076). 
Approved August 23, 1954. 
Housing f a ci 1 i-
ties at Cocoli, C.Z. 
Transfer to Navy. 
5 u s e 75a. 
37 u s e Ilia. 
Public Law 622 
CHAPTER 826 
August 23, 1954 
[H. R. 8570] 
AN ACT 
To authorize the Secretary of the Navy to dispose of certain uncompleted naval 
vessels, and for other puri>oses. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the Secretary 
of^^is^^ofi^er-
of the Navy is authorized to scrap the uncompleted naval vessels Castle tain, 
(DD-720) and Woodrow R. Thompson (DD-721) and in his discre-
tion to dispose of the materials therefrom by sale or to retain any 
such materials for further naval use. 
S E C 2. The action of the Department of the Navy in scrapping 
the uncompleted naval vessels Hoel (DD-768) and Abner Read 
(DD-769), prior to the enactment of the Act of June 19,1948 (62 Stat. 
492, ch. 521), which authorized the suspension of construction of these 
vessels, is hereby ratified.