An Act to enable the Legislature of the Territory of Hawaii to authorize the issuance of general obligation bonds, the proceeds thereof to be used for veterans mortgages
PL 83-640 (H.R.5997), enacted 08/24/1954

782 
Restriction* 
Definition. 
PUBLIC LAW 640-AUG. 24, 1954 
[68 S T A T , 
SEC. 4. No sale shall be made hereunder to any applicant who has 
already acquired public land pursuant to the provisions of this Act, 
or to any applicant whose application is not filed within two years 
from the date of approval of this Act, or such shorter period as shall 
be specified by rule or regulation. 
SEC. 5. The term "predecessor in interest" includes any individual 
or individuals, partnership, corporation, or other legal entity, and 
in the case of an applicant who is a permittee under a revocable per-
mit shall include such applicant occupying under a lease or a sublease 
immediately prior to the issuance of the revocable permit and the 
person from whom the applicant acquired such lease or sublease. 
Approved August 24, 1954. 
Public Law 640 
CHAPTER 889 
August 2 4 , 1954 
[H. R. 5997] 
Hawaii. 
General oblige • 
tlon bonds. 
31 Stat. 141. 
48 u s e 491. 
Limitation. 
AN ACT 
To enable the Legislature of the Territory of Hawaii to authorize the issuance 
of general obligation bonds, the proceeds thereof to be used for veterans' 
mortgages. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assemMed, That the Legislature 
of the Territory of Hawaii, any provision of the Hawaiian Organic 
Act, or any law of the Territory of Hawaii, or of any Act of this 
Congress to the contrary notwithstanding, may authorize the issuance 
of general obligation bonds in the amount of $20,000,000, such author-
ization to be over and above any limitation on the bonded debt of the 
Territory imposed by the Hawaiian Organic Act and in addition to 
all other issues in excess of said debt limitation authorized by the 
Congress: Provided, 
however. That the total indebtedness of such 
Territory shall not exceed $95,000,000. The proceeds of such bonds 
shall be used for the purchase of mortgages made on or after July 1, 
1954, or for the making of mortgages, on homes and farms of veterans 
within the Territory of Hawaii. 
SEC. 2. The bonds issued under the authority of this Act shall be 
serial bonds, payable in substantially equal installments, the first 
installment to mature not later than five years and the last installment 
to mature not later than thirty years from the date of such issue. 
Such 
bonds may be issued without the approval of the President of the 
United States. 
SEC. 3. Act 211 of the Session Laws of Hawaii 1953, relating to the 
issuance of general obligation bonds, as authorized by this Act, is 
hereby ratified and confirmed, subject, however, to the provisions of 
this Act. 
Approved August 24, 1954. 
August 24, 1954 
[H. R. 6113] 
Smuggling penal-
ties. 
62 Stat. 716. 
Public Law 641 
CHAPTER 890 
AN ACT 
To amend title 18 of the United States Code, so as to increase the penalties 
applicable to the smuggling of goods into the United States. 
Be it enacted hv the Senate and House of Representatives 
of the 
United States of America in Congress a^semoled, That section 545 of 
title 18, United States Code, is amended by striking out "$5,000" and 
inserting in lieu thereof "$10,000", and by striking out "two years" 
and inserting in lieu thereof "five years".