An Act to repeal the requirement that public utilities engaged in the manufacture and sale of electricity in the District of Columbia must submit annual reports to Congress.
PL 84-225 (S.2176), enacted 08/04/1955

490 
PUBLIC LAW 226-AUG. 4, 1956 
[69 STAT. 
audit shall be conducted at the place or places where the accounts of 
the corporation are normally kept. 
All books, accounts, financial 
records, reports, files, and all other papers, things, or property 
belonging to or in use by the corporation and necessary to facilitate 
the audit shall be made available to the person or persons conducting 
the audit; and full facilities for verifying transactions with the bal-
ances or securities held by depositors, fiscal agents, and custodians shall 
be afforded to such person or persons. 
(b) A report of such audit shall be made by the corporation to the 
Congress not later than six months following the close of such fiscal 
year for which the audit is made. The report shall set forth the scope 
of the audit and shall include verification by the person or persons 
conducting the audit of statements of (1) assets and liabilities, (2) 
capital and surplus or deficit, (3) surplus or deficit analysis, (4) 
income and expense, and (5) sources and application of funds. 
Such 
report shall not be printed as a public document. 
USE o r ASSETS ON DISSOLUTION OR LIQUIDATION 
SEC. 15. Upon final dissolution or liquidation of the corporation, 
and after discharge or satisfaction of all outstanding obligations and 
liabilities, the remaining assets of the corporation may be distributed 
in accordance with the determination of the board of directors of the 
corporation and in compliance with the constitution and bylaws of 
the corporation and all Federal and State laws applicable thereto. 
TRANSFER OF ASSETS 
SEC. 16. The corporation may acquire the assets of the Army and 
Navy Legion of Valor of the United States of America, Incorporated, 
a body corporate organized under the laws of the State of New York, 
upon discharging or satisfactorily providing for the payment and dis-
charge of all of the liabilities of such State corporation and upon 
complying with all the laws of the State of New York applicable 
thereto. 
RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER 
SEC. 17. The right to alter, amend, or repeal this Act is expressly 
reserved. 
Approved August 4, 1955. 
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Public Law 225 
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CHAPTER 547 
August 4, 19SS 
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A C T 
tS» 2176] 
rp^j repeal the requirement that public utilities engaged in the manufacture 
and sale of electricity in the District of Columbia must submit annual 
reports to Congress. 
Be it enacted hy the Senate and House of Representatives 
of the 
lidht *^d *^ow^r ^^^^^^ States 
of America 
in Congress asseinoled, That the last 
companies, 
* paragraph under the center heading "ELECTRICAL DEPARTMENT" of the 
Act entitled "An Act making appropriations to provide for the 
expenses of the government of the District of Columbia for the fiscal 
year ending June thirtieth, nineteen hundred and eight, and for other 
34 Stat. 1134. 
purposes", approved March 2, 1907 (D. C. Code, sec. 43-1109), is 
amended by striking out ": Provided, That any company," and all 
that follows down through "December thirty-first, nineteen hundred 
and six". 
Approved August 4, 1955. 
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