An Act to ratify and confirm Act 7 of the Session Laws of Hawaii, 1951, extending the time within which revenue bonds may be issued and delivered under chapter 118, Revised Laws of Hawaii, 1945
PL 82-241 (H.R.4203), enacted 10/30/1951

65 STAT. 
PUBLIC LAW 242—OCT. 30, 1951 
695 
Public Law 241 
CHAPTER 6 4 0 
AN ACT 
To ratify and confirm Act 7 of the Session Laws of Hawaii, 1951, extending the 
time within which revenue bonds may be issued and delivered under chapter 
118, Revised Laws of Hawaii, 1945. 
October 30,1951 
[H. R. 4203] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That Act 7 of the 
Session Laws of Hawaii, 1951, amending section 6095 of chapter 118, 
Revised Laws of Hawaii, 1945, as amended, so as to extend the time 
within which revenue bonds may be issued and delivered under said 
chapter 118, is hereby ratified and confirmed and revenue bonds may 
be issued under and pursuant to the provisions of said chapter 118, 
Revised Laws of Hawaii, 1945, as amended, and as further amended 
by said Act 7, without the approval of the President of thp United 
States and without the incurring of an indebtedness within the mean-
ing of the Hawaiian Organic Act, and said chapter 118, as amended, 
shall constitute full authority for the issuance of said bonds without 
reference to and independent of the Hawaiian Organic Act. 
Approved October 30, 1951. 
31 Stat. 141; 42 Stat. 
121. 
48 U. S. C. §678. 
Public Law 242 
CHAPTER 641 
AN ACT 
Authorizing the Sabine Lake Bridge and Causeway Authority, hereby created, 
and its successors, to construct, maintain, and operate bridges over Sabine 
Lake, at or near Port Arthur, Texas; to construct, maintain, and operate all 
causeways, approaches, and appurtenances pertaining thereto; and to finance 
said objects by the issuance of bonds secured by the said properties and income 
and revenues ; and for other purposes. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress a^sembled^ That in order to pro-
mote interstate commerce, improve the postal service, promote national 
defense, and provide for military and other purposes, the Sabine Lake 
Bridge and Causeway Authority, hereby created, and its successors be, 
and is hereby, authorized to construct, maintain, and operate bridges, 
causeways, approaches, and appurtenances pertaining thereto at a point 
suitable to the interests of navigation between a point at or near Fort 
Arthur, Texas, and a point opposite in Cameron Parish, Louisiana, in 
accordance with the provisions of the "General Bridge Act of 1946", 
as amended, qualified only by the authority, conditions, and limitations 
contained in this Act, 
SEC. 2. There is hereby created a body corporate and politic to be 
known as Sabine Lake Bridge and Causeway Authority which shall 
have and possess all powers necessary, convenient, or proper for carry-
ing into effect the objects stated in this Act. 
SEC. 3. The Authority shall consist of seven members, to wit: (a) 
The county judge of the county of Jefferson, State of Texas; (b) com-
missioner of precinct numbered 2, county of Jefferson, State of Texas; 
(c) commissioner of precinct numbered 3, county of Jefferson, Stkte 
of Texas; (d) county clerk of Jefferson County, State of Texas; (e) 
president of the Police Jury of Cameron Parish, State of Louisiana; 
(f) secretary of the Police Jury of Cameron Parish, State of Louisi-
ana; (g) ward numbered 5 member of the Police Jury of Cameron 
Parish, State of Louisiana. 
The persons holding the offices and posi-
tions above designated at the time of approval of this Act, and their 
October 30,1951 
[H. R. 6593] 
Sabine Lake Bridjie 
a n d Causeway Au-
thority, 
Construction of 
bridges, etc., at Poi't 
Arthur, Tex. 
60 Stat. 847. 
33 U. S. C. 
note. 
§ 525 
Creation 
thority. 
Members. 
of Au-
696 
PUBLIC LAW 242—OCT. 30, 1951 
[65 STAT. 
successors, shall be and become ex officio members of the Sabine Lake 
Bridge and Causeway Authority hereby created and shall continue 
as members of the said Authority so long as they shall hold the offices 
Quorum. 
above stipulated. 
Four members of the Authority shall constitute a 
quorum for the transaction of business. The Authority shall choose 
its own Chairman and Vice Chairman. The Authority shall formu-
late and adopt its own rules for regulating the time and place of its 
regular meetings, and may hold special meetings upon call of the 
Chairman or in his absence, upon call of the Vice Chairman and one 
other member. 
The Secretary of the Authority shall keep and pre-
serve complete records of all proceedings and acts of the Authority. 
No member shall receive a salary for his services as member, but shall 
be paid his actual expenses not exceeding $25 per day for each day 
actually devoted to the performance of his duties hereunder. 
The 
Authority may employ a secretary, treasurer, engineers, attorneys, 
financial advisers, and such other experts, assistants, and employees as 
it may deem necessary, who shall be entitled to receive such compen-
sation as the Authority may determine. 
All salaries and expenses 
shall be paid solely from the funds provided under the authority of 
this Act. 
Rights and powers. 
gj,^, ^ There is hereby conferred upon the Authority hereby cre-
ated, and its successors, all such rights and powers to enter upon lands 
and to acquire, condemn, occupy, possess, and use real estate and other 
property needed for the location, construction, maintenance, and 
operation of such bridges, causeways, and approaches as are possessed 
by railroad corporations for railroad purposes or by bridge corpora-
tions for bridge purposes in the State in which such real estate or 
other property is situated, upon making just compensation therefor, 
to be ascertained and paid according to the laws of such State, and 
the proceedings therefor shall be the same as in the condemnation or 
expropriation of property for public purposes in such State. 
'^°"^'^*^- 
SEC. 5. The Authority hereby created and its successors is hereby 
authorized to levy, fix, and charge tolls, fees, or other considerations 
for the movement of persons and property over its bridges, causeways, 
and approaches, and in fixing the tolls and rates to be charged for the 
use of such bridges, causeways, and approaches, and the appurtenances 
thereof, the Authority shall so determine upon and adjust same as to 
provide funds sufficient for the following purposes: 
(a) Creation of necessary interest and sinking funds to pay prin-
cipal and interest on any bonds, notes, or other evidences of indebted-
ness issued by the Authority pursuant to the provisions hereof, and to 
create such reserves for such bonds as may be provided by the Author-
ity under the terms of the mortgages, deeds of trust, indentures, or 
other agreements pertaining to the authorization and issuance of 
such bonds; 
(b) Provide for the reasonable cost of properly maintaining, repair-
ing, insuring, and operating such bridges, causeways, and approaches; 
(c) Provide for such depreciation, depletion, obsolescence, replace-
ments, betterments, and improvements as in the judgment of the 
Authority may appear feasible and proper. 
SEC. 6. The Authority hereby created shall have all the powers, 
rights, privileges, and authority necessary or convenient for carrying 
out the purposes of this Act, including, but without limitation, the 
following rights, powers, and authority: (a) To have perpetual suc-
cession as a corporation; (b) to sue and be sued, implead and be 
impleaded, complain and defend in all courts of law and equity; (c) to 
adopt, use, and alter a corporate seal; (d) to acquire, purchase, hold, 
65 STAT.] 
PUBLIC LAW 242—OCT. 30, 1951 
697 
lease, mortgage, sell, transfer, and dispose of all property, real, 
personal, or mixed, tangible or intangible, or any interest therein 
acquired by the Authority, and to operate any of such properties for 
any lawful purpose; (e) to make bylaws for the management and regu-
lation of its affairs; (f) to appoint officers, agents, employees, and serv-
ants, to prescribe their duties, and to fix their compensation; (g) to 
fix, levy, alter, charge, and collect tolls, charges, fees, or other consid-
erations for the movement of persons and property over such bridges, 
causeways, and approaches; (h) to borrow money, make and issue 
negotiable notes, bonds, and other evidence of indebtedness of the 
Authority, and to secure the payment of such obligations or any thereof 
by mortgage, lien, pledge, or deed of trust, upon all or any of the prop-
erty of the Authority, including the income and revenues thereof, and 
to make agreements with the purchasers or holders of such obligations 
or with others in connection with any such obligations, issued or to be 
issued, as the Authority shall deem advisable, and in general to provide 
for the security of said obligations and the rights of the holders 
thereof; (i) to make contracts of every kind and nature and to execute 
all instruments necessary or convenient for the carrying on of its 
affairs. 
SEC. 7. Without limiting any powers anywhere in this Act granted 
®
®
°
*
^ '
^
"
®
®
-
to the Authority, such Authority is hereby authorized to provide for 
the payment of the cost of the bridges, causeways, and approaches 
and the necessary lands, easements, and appurtenances thereto by 
an issue or issues of negotiable bonds of the Authority and to secure 
the payment of all or any of such bonds by mortgage, lien, pledge, 
deed of trust, or indenture upon all or any of its property or properties. 
Said bonds shall be authorized by resolution of the Authority, shall 
bear such date or dates, such interest rate or rates, be in such forms, 
and contain such provisions as the Authority may determine and which 
shall be provided in such resolution or in the mortgage, deed of trust, 
indenture, or other instrument securing said bonds, and shall be made 
to mature serially or otherwise over a period of not to exceed thirty 
years from the date of completion of the bridges, causeways, and 
approaches for the construction of which such bonds were issued. 
Any resolution or resolutions authorizing such bonds may contain 
provisions which shall be a part of the contract with the holders of 
such bonds with respect to: (a) The rates of tolls and other charges 
to be charged by the Authority for the movement of persons and 
property over such bridges, causeways, and approaches; (b) the 
registration of the bonds as to principal only or as to principal and 
interest and the interchangeability and exchangeability of such bonds; 
(c) the issuance of temporary bonds or interim receipts; (d) the 
redemption of the bonds and the price or prices at which they shall be 
redeemable; (e) the setting aside of interest and sinking funds for 
the payment of the interest on such bonds and the amortization of the 
principal thereof and of reserves for the protection of such bonds and 
the regulation and disposition thereof; (f) limitations upon the 
issuance of additional bonds; (g) the terms and provisions of any 
mortgage, deed of trust, indenture, or other instrument under which 
the bonds may be issued or by which they may be secured; and (h) 
any other or additional agreements which the Authority may arrive 
at with the prospective purchasers or holders of such bonds. 
The 
bonds shall be issued in the name of the Authority, signed by its 
Chairman, attested by its Secretary, and shall be registered by the duly 
constituted treasurer of the Authority, and coupon bonds shall have 
attached thereto interest coupons bearing the facsimile signatures of 
said Chairman and Secretary. 
Any such bonds may be issued and 
delivered notwithstanding the fact that one or more of the officers 
698 
PUBLIC LAW 242—OCT. 30, 1951 
[65 STAT. 
Mortgages, etc. 
Sale of bonds, etc. 
Delivery of deeds to 
State of Texas, etc. 
signing such bonds or whose facsimile signatures may be upon the 
coupons or any thereof, shall have ceased to be such officer or officers 
at the time when such bonds shall actually be delivered. 
The Authority may enter into any mortgages, deeds of trust, inden-
tures, or other agreements with any bank or trust company or other 
person or persons in the United States having power to enter into the 
same, as security for the bonds, and may transfer, convey, mortgage, 
or pledge any or all of the property or properties of the Authority 
thereunder, including the income and revenues to be derived therefrom. 
Such mortgage, deed of trust, indenture, or other agreement may con-
tain such provisions as may be customary in such instruments, or as 
the Authority may authorize, including, but without limitation, provi-
sions as to: (a) The terms and provisions of the bonds or the resolution 
providing for the issuance of same; (b) the construction, operation, 
maintenance, repair, and insurance of the properties of the Authority 
and its duties with reference thereto; (c) the application of funds and 
the safeguarding of funds on hand and on deposit; (d) rights and 
remedies of such trustee and the holders of the bonds; and (e) posses-
sion of the properties covered by such mortgage, deed of trust, inden-
ture, or other agreement. 
All bonds issued pursuant to the provisions 
hereof which shall be secured by a mortgage, deed of trust, indenture, 
or other agreement, wherein a trustee is nominated, shall, before issu-
ance, be duly authenticated by such trustee, and when any such bonds 
are duly authorized, issued, and delivered to any purchaser or pur-
chasers, after having been duly authenticated by the said trustee, they 
shall thereupon become and be incontestable. 
The bonds of the Authority may be sold in such manner, at such time 
or times, and at such price or prices as it may determine. 
The cost 
of the bridges, causeways, and approaches shall be deemed to include 
interest during construction and for not exceeding twelve months there-
after, and all engineering, legal, architectural, traffic-surveying, and 
other expenses incident to the construction of such bridges, causeways, 
and approaches, and the acquisition of the necessary property and 
appurtenances therefor, and incidental to the financing thereof, includ-
ing the cost of acquiring existing franchises, rights, plans, and works 
of and relating to such bridges, causeways, and approaches now owned 
by any person, firm, or corporation and the cost of purchasing all or 
any part of the shares of stock of any such corporation, only if, in the 
judgment of the Authority, such purchases shall be found expedient. 
If the proceeds of the bonds issued shall exceed the cost as finally 
determined, the excess shall be placed in the bond sinking funds herein 
provided for. 
SEC. 8. After payment of the bonds and interest thereon and dis-
charge of any and all other obligations of the Authority, or after a 
sinking fund fully sufficient for such payment and its discharge shall 
have been provided and shall be held for that purpose the Authority 
shall be authorized to deliver deeds or other suitable instruments of 
conveyance of the interest of the Authority in and to its bridges, 
causeways, and approaches, that part within the State of Texas, to 
the State of Texas, the county of Jefferson, State of Texas, or any 
other agency of the State of Texas authorized to accept the same 
(hereinafter referred to as the Texas interest), and that part within 
the State of Louisiana, to the State of Louisiana, Cameron Parish, 
State of Louisiana, or any agency of the State of Louisiana author-
ized to accept the same (hereinafter referred to as the Louisiana 
interest), under the condition that such bridges, causeways, and 
approaches shall thereafter be free of tolls and shall be properly 
maintained and operated by the Texas interest and the Louisiana 
interest, as may be agreed upon; but if either the Texas interest or the 
65 STAT.] 
PUBLIC LAW 243—OCT. 30, 1951 
699 
Louisiana interest shall not accept the same, such bridges, causeways, 
and approaches shall continue to be owned, maintained, repaired, 
operated, and insured by the Authority and the Authority may con-
tinue to collect tolls at rates so adjusted as to provide a fund not to 
exceed the amount necessary for the proper maintenance, repair, insur-
ance, and operation of the said bridges, causeways, and approaches 
under economical management, including reasonable reserves for 
depreciation, depletion, obsolescence, replacements, and betterments, 
until such time as the Texas interest or the Louisiana interest, or both, 
shall accept such conveyance under the aforesaid conditions. 
Upon 
the acceptance of such conveyance by the Texas interest or the Louisi-
ana interest, or both, the Sabine Lake Bridge and Causeway Authority 
created by this Act shall terminate and cease to exist. 
SEC. 9. In addition to all other rights, powers, and privileges herein 
conferred upon Sabine Lake Bridge and Causeway Authority, it shall 
have and possess all rights, powers, and privileges to acquire by 
purchase, lease, or otherwise, and to operate, such facilities as the 
Authority may deem necessary and proper to establish ferry services 
across Sabine Lake. The powers conferred by this section may be 
exercised in like manner as those herein elsewhere conferred with 
regard to the construction, maintenance, and operation of bridges, 
causeways, and approaches. 
SEC. 10. Nothing herein contained shall be construed to authorize 
or permit the Authority, or any member thereof, to create any 
obligation or to incur any liability other than such obligations and 
liabilities as are dischargeable solely from the funds provided by this 
Act. 
No obligation created or liability incurred pursuant to this Act 
shall be an obligation or liability of any member or members of the 
Authority, but shall be chargeable solely to the funds herein provided, 
nor shall any indebtedness, liability, or obligation created pursuant 
to this Act be an indebtedness, liability, or obligation of the United 
States. 
SEC. 11. All provisions of this Act may be enforced or the violation 
thereof prevented by mandamus, injunction or other appropriate 
remedy in any court having competent jurisdiction of the subject mat-
ter or of the parties. 
SEO. 12. The Act of Congress approved June 18, 1934 (48 Stat. 
1008), and heretofore amended and extended by Acts of Congress 
approved April 10,1936, August 12, 1937, June 14, 1938, and July 26, 
1939, are hereby repealed. 
SEC. 13. The right to alter, amend, or repeal this Act is hereby 
expressly reserved. 
Approved October 30, 1951. 
Termination of Au-
thority upon con^'ey-
ance. 
E i g h t to establish 
ferry services. 
Restrictions. 
Enforcement of FTO-
Repeals. 
49 Stat. 1196; 50 
Stat. 630; 52 Stat. 680; 
53 Stat. 1121. 
Public Law 243 
CHAPTER 642 
AN ACT 
To permit the Federal National Mortgage Association to make commitments to 
purchase certain mortgages. 
October 30,1951 
[H. R. 5745] 
Be it enacted hy the Senate and House of Representatives 
of the 
Umied States of America in Congress assembled, That notwithstand-
ing the provisions of subparagraph (G) of section 301 (a) (1) of the 
National Housing Act, as amended, the Federal National Mortgage 
Association is authorized to enter into advance commitment contracts 
which do not exceed $30,000,000 outstanding at any one time, if such 
commitments relate to mortgages with respect to which the Federal 
National Housing 
Act, amendments. 
64 Stat. 57. 
12 U. S. C. § 1716.