An Act to release certain restrictions on certain real property heretofore granted to the city of Charleston, S. C., by the United States of America
PL 84-428 (H.R.2430), enacted 03/02/1956

70 S T A T . ] 
PUBLIC LAW 428-MAR. 2, 1956 
35 
Public Law 427 
CHAPTER 80 
JOINT RESOLUTION 
March 2, 1956 
Relating to Maryland tobacco acreage allotments and marketing quotas. 
[H. J. Re8. 52i]_ 
Be-solved by the Senate and Tloune of Rejn-esentatives of the United 
States of America in GonqveHs assemhled. That, notvrithstandine; any ^}'^llTl^^^°\u'Z 
. • 
a •, 
T i 
1
-
1 
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o - ' c o 
acreage allots 
other ])i'ovision of hiw and the proclamation by the becretary oi ments and market-
Agriculture of a national marketing quota for Maryland tobacco for "^^ <i"°taa. 
tlie 1956-1957 marketing year pursuant to section 312 of the Agricul-
tural Adjustment Act of 1938, as amended, and the State and farm 
acreage allotments established pursuant thereto, the 1956 State acre-
age allotments of Maryland tobacco proclaimed by the Secretary of 
Agriculture (20 Federal Register 8847) shall be increased so as to 
result in a State adjustment factor for each State under section 
727.717 of the Maryland tobacco marketing quota regulations, 1956-
1957 marketing year, issued by the Secretary of Agriculture (20 
Federal Register 6069), equal to 1.0, and all 1956 farm acreage allot-
ments of Maryland tobacco shall be redetermined on the basis of such 
State adjustment factor. 
The production from the increased acreage 
required by this resolution shall be in addition to the national market-
ing quota for the 1956-1957 marketing year. 
Approved March 2, 1956. 
69 Stat. 557. 
7 use 1312. 
7 CFR 727.717. 
Public Law 428 
CHAPTER 81 
AN ACT 
To release certain restrictions on certain real property heretofore granted to 
the city of Charleston, South Carolina, by the United States of America. 
March 2, 1956 
[H. R. 2430] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That with respect 
to the restrictions and conditions required by section 2 of the Act 
entitled "An Act authorizing the Secretary of Commerce to convey 
the Charleston Army Base Terminal to the city of Charleston, South 
Carolina", approved May 27, 1936 (49 Stat. 1387), which restrictions 
and conditions prohibited the city of Charleston from transferring 
title to the property conveyed under that Act and reserved a right 
to the United States to retake such property in the event of a national 
emergency (and which restrictions and conditions were included in 
deed executed pui-suant to such Act, the Secretary of the Army is 
hereby authorized, in exchange for a minimum four hundred and 
seventy foot extension at the north end of the existing one thousand 
foot reinforced concrete wharf of the Charleston Transportation De-
pot, and the installation on the extension of rail trackage with neces-
sary adjustments to connect with the rail trackage of the existing 
wharf, to be constructed by the said city of Charleston, South Carolina, 
or its lessee, the West Virginia Pulp and Paper Company, in 
accordance with plans and specifications approved by the Secretary 
of the Army, to release to the city of Charleston, South Carolina, by 
an appropriate written instrument, such restrictions and conditions 
so far as they pertain to the portion of the tract of land conveyed 
pursuant to such Act of May 27, 1936, which is commonly known as 
tract 12, and is more particularly described as follows: 
Beginning at a point in the west harbor line of the Cooper River 
(which point is south 41 degrees 31 minutes 30 seconds west a distance 
of 13.2 feet from the southernmost corner of the concrete dock, for-
merly the dock of the Charleston Quartermaster Intermediate Depot, 
Charleston, S. C. 
Property restric-
tions, etc., re« 
lease. 
36 
PUBLIC LAW 429-MAR. 13, 1966 
[70 ST A T . 
March 13, 1956 
[H. R. 7201] 
and which point is the terminal point of the fourteenth call in the 
deed dated 24 February 1950 from the City Council of Charleston to 
West Virginia Pulp and Paper Company) ; thence north 48 degrees 
28 minutes 30 seconds west 2,999.27 feet, along lands of the West 
Virginia Pulp and Paper Company to a point which is distant 11.42 
feet north 68 degrees 33 minutes east from an iron pipe; thence north 
69 degrees 00 minutes east a distance of 104.71 feet to a point conmion 
to this tract, lands leased by the city of Charleston to the Xorth 
Carolina Terminal Company, and lands of the South Carolina State 
Ports Authority; thence along lands of the South Carolina State Ports 
Authority north 86 degrees 45 minutes 50 seconds east 15.58 feet, north 
88 degrees 32 minutes 20 seconds east 50.00 feet, south 87 degrees 23 
minutes 40 seconds east 50.00 feet, south 82 degrees 42 minutes 40 
seconds east 50.00 feet, south 76 degrees 46 minutes 40 seconds east 
50.00 feet, south 70 degrees 20 minutes 40 seconds east 50.00 feet, south 
64 degi'ees 09 minutes 40 seconds east 50.00 feet, south 30 degi-ees 44 
minutes 40 seconds east 24.55 feet, north 86 degrees 54 minutes 06 
seconds east 374.48 feet, south 48 degrees 27 minutes 10 seconds east 
899.77 feet, south 41 degrees 32 minutes 50 seconds west 25.00 feet, 
south 48 degrees 27 minutes 10 seconds east 1.494.83 feet to a point on 
the eastern edge of the concrete dock; thence along the eastern edge 
of the concrete dock south 41 degrees 31 minutes 30 seconds west 
approximately 483.0 feet to tlie point of beginning and containing 
30.75 acres, more or less. 
Approved March 2, 1956. 
Public Law 429 
CHAPTER 83 
AN ACT 
Iteluting to the taxation of income of insurance companies. 
Be it enacted hy the Senate and Houne of Reprejfentativen of the 
cJn^'a^y^T^M^Ac* United States of America in Conyre-HH a-sHein hied, That this Act be cited 
for 1955. 
as the "Life Insurance Company Tax Act for 1955". 
SEC. 2. REVISION OF FORMULAS FOR TAXING INCOME OF LIFE 
INSURANCE COMPANIES. 
Part I of subchapter L of chapter 1 of the Internal Revenue Code of 
li'uicr^'so"' et 1954 is hereby amended to read as follows: 
seq. 
"PART I—LIFE INSURANCE COMPANIES 
"Subljart A. 1955 formula. 
"Subpart B. 1942 formula. 
"Subpart C. Miscellaneous provisions. 
"Subpart A—1955 Formula 
"See. 801. Definition of life insurance company, 
"Sec. 802. Tax imposed for 1955. 
"Sec. 803. Income and deductions. 
"Sec. 804. Iteserve and other policy liability deduction. 
"Sec. 805. Special interest deduction. 
"SEC. 801. DEFINITION OF LIFE INSURANCE COMPANY. 
"(a) LIFE INSURAXCK COMPANY DEFINED.—For purposes of this 
subtitle, the term 'life insurance company' means an insurance com-
pany which is engaged in the business of issuing life insurance and