An Act authorizing the Secretary of the Interior to lease certain land in the State of Montana to the city of Poplar and the county of Roosevelt, Montana
PL 82-59 (H.R.3033), enacted 06/28/1951

65 STAT.] 
PUBLIC LAW 59—JUNE 28, 1951 
96 
For the purposes of clauses (ii) and (iii) a power shall be 
deemed to be exercisable in favor of a person if it is exercis-
able in favor of such person, his estate, his creditors, or the 
creditors of his estate. 
" (4)'CREATION OF ANOTHER POWER IN CERTAIN CASES.—If a power 
of appointment created after October 21, 1942, is exercised by 
creating another power of appointment which under the appli-
cable local law can be validly exercised so as to postpone the vest-
ing of any estate or interest in the property which was subject to 
the first power, or suspend the absolute ownership or power of 
alienation of such property, for a period ascertainable without 
regard to the date of the creation of the first power, such exercise 
of the first power shall, to the extent of the property subject to the 
second power, be deemed a transfer of property by the individual 
possessing such power. 
"(5) LAPSE OF POWER.—The lapse of a power of appointment 
created after October 21, 1942, during the life of the individual 
possessing the power shall be considered a release of such power. 
The rule of the preceding sentence shall apply with respect to 
the lapse of powers during any calendar year only to the extent 
that the property which could have been appointed by exercise 
of such lapsed powers exceeds in value the greater of the follow-
ing amounts: 
"(A) $5,000, or 
"(B) 5 per centum of the aggregate value of the assets out 
of which, or the proceeds of w^hich, the exercise of the lapsed 
powers could be satisfied." 
(b) DATE OF CREATION OF POWER.—For the purposes of this section 
a power of appointment created by a will executed on or before 
October 21, 1942, shall be considered a power created on or before 
such date if the person executing such will dies before July 1, 1949, 
without having republished such will, by codicil or otherwise, after 
October 21, 1942. 
(c) EFFECTIVE DATE.—The amendments made by this section shall 
be effective as if made by section 452 (a) of the Kevenue Act of 1942 
ocfr^^Hr^^', 
on the date oi its enactment (applicable with respect to gifts made in 
the calendar year 1943 and succeeding calendar years). 
Approved June 28, 1951. 
Public Law 59 
CHAPTER 166 
AN ACT 
June 28,1961 
Authorizing the Secretary of the Interior to lease certain land in the State of 
[H. R. 3033] 
Montana to the city of Poplar and the county of Roosevelt, Montana. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the Secretary of 
Eea'se' ol^e'ert in 
the Interior is authorized and directed to lease for airport purposes to land. 
the city of Poplar and the county of Koosevelt, Montana, for a period 
of twenty-five years and upon such terms and conditions as may be 
agreed upon between the Secretary and such city and county, with the 
approval of the Fort Peck Executive Board, the following-described 
tract of land: The southeast quarter, and the east half of the southwest 
quarter of section 6, township 27 north, range 51 east, Montana prin-
cipal meridian. 
Approved June 28, 1951., 
76100 O - 52 (PT. I) - 9 
26 U. S. C. § 1000.