An Act to authorize the sale, without regard to the 6-month waiting period prescribed, of lead proposed to be disposed of pursuant to the Strategic and Critical Materials Stock Piling Act
PL 88-373 (H.R.11257), enacted 07/14/1964

318 
PUBLIC LAW 88-373-JULY 14, 1964 
[78 STAT. 
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 balances or securities 
held by depositories, fiscal agents, and custodians, shall be afforded to 
such person or persons. 
c<fif^°'^* *° 
(b) A report of such audit shall be made by the corporation to the 
ongress. 
Cougress uot later than six months following the close of the fiscal 
year for which the audit is made. 
The report shall set forth the 
scope of the audit and include such statements, together with the 
independent auditor's opinion of those statements, as are necessary 
to present fairly the corporation's assets and liabilities, surplus or 
deficit with an analysis of the changes therein during the year, sup-
plemented in reasonable detail by a statement of the corporation's 
income and expenses during the year including (1) the results of any 
trading, manufacturing, publishing, or other commercial-type en-
deavor carried on by the corporation, and (2) a schedule of all con-
tracts requiring payments in excess of $10,000 and any payments of 
compensation, salaries, or fees at a rate in excess of $10,000 per 
annum. The report shall not be printed as a public document. 
USE OF ASSETS ON DISSOLUTION OR LIQUIDATION 
SEC. 16. Upon dissolution or final liquidation of the corporation, 
after discharge or satisfaction of all outstanding obligations and 
liabilities, the remaining assets, if any, of the corporation shall be 
distributed in accordance with the determination of the board of 
trustees of the corporation and in compliance with the charter and 
bylaws of the corporation and all Federal and State laws applicable 
thereto. Such distribution shall be consistent with the purposes of 
the corporation. 
ACQUISITION OF ASSETS AND LIABIUTIES OF EXISTING CORPORATION 
SEC. 17. The corporation may acquire the assets of the National 
Aviation Hall of Fame, a general, not-for-profit corporation organized 
under the laws of the State of Ohio, upon discharging or satisfactorily 
providing for the payment and discharge of all of the liabilities of 
such corporation. 
RESERVATION OF RIGHT TO AMEND OR REPEAL CHARTER 
SEC. \8. The right to alter, amend, or repeal this Act is expressly 
reserved. 
Approved July 14, 1964. 
Public Law 88-373 
July 14, 1964 
^ ^ ACT 
[H. R. 11257] 
rp,> authorize the sale, without regard to the six-month waiting period pre-
scribed, of lead proposed to be disposed of pursuant to the Strategic and 
Critical Materials Sto<-k Piling Act. 
Be it enacted by the Senate and House of Representatives 
of the 
Lead, disposal. JJnlted States of America in Congress assembled^ That the Adminis-
trator of General Services is hereby authorized to sell, hy negotiation 
or otherwise, at the fair market value thereof, approximately fifty 
thousand short tons of lead now held in the national stock-
78 STAT. ] 
PUBLIC LAW 88.375-JULY 14, 1964 
319 
pile. Such disposition may be made without regard to the pro-
visions of section 3 of the Strategic and Critical Materials Stock 
Piling Act, relating to dispositions on the basis of a revised determina- 
5° ^^^ g^gj-
tion pursuant to section 2 of said Act, to the effect that no such disposi- 
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tion shall be made until six months after publication in the Federal 
Register and transmission to the Congress and to the Armed Serv- ^ Publication in 
ices Committees thereof of a notice of the proposed disposition, but in 
such disposition the Administrator of General Services shall comply 
with the other provisions of such section 3, particularly those which 
require that the plan and date of disposition shall be fixed with due 
regard to the protection of producers, processors, and consumers 
against avoidable disruption of their usual markets. 
Approved July 14, 1964. 
Public Law 88-374 
AN ACT 
July 14, 1964 
To authorize the sale, without regard to the six-month waiting period prescribed, 
[H. R. 11004] 
of zinc proijosed to be disiK>se<l of pursuant to the Strategic and Critical 
Materials Stock Piling Act. 
Be it enacted hy the Senate and House of Rej^resentatives of the 
United States of America in Congress assembled, That the Adminis- 
^^"''' disposal. 
trator of General Services is hereby authorized to dispose of, by nego-
tiation or otherwise, approximately seventy-five thousand short tons 
of zinc now held in the national stockpile. Such disposition may be 
made without regard to the provisions of section 3 of the Strategic and 
Critical Materials Stock Piling Act, relating to dispositions on the 
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basis of a revised determination pursuant to section 2 of said Act, to 
50 use 98a! 
the effect that no such disposition shall be made until six months after 
publication in the Federal Register and transmission to the Congress 
and to the Armed Services Committees thereof of a notice of the pro-
posed disposition, but in such disposition the Administrator of Gen-
eral Services shall comply with the other provisions of such section 3, 
particularly those which require that the plan and date of disposition 
shall be fixed with due regard to the protection of producers, proces-
sors, and consumers against avoidable disruption of their usual 
markets. 
Approved July 14, 1964. 
Public Law 88-375 
AN ACT 
July 14, 1964 
Authorizing a surA-ey of Cedar Bayou, Texas, in the interest of flood control 
LJ 
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and allied purj)oses. 
Be it emiLGted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled. That the Secretary Te^!'^^' Bayou, 
of the Army is hereby authorized to cause a survey of the Cedar 
Flood control 
Bayou, Texas, to be made under the direction of the Chief of Engineers survey. 
in the interest of flood control, navigation, major drainage, and 
I'elated water uses coordinated with related land resources. 
SEC. 2. There are hereby authorized to be appropriated such sums authorlTa't^nr" 
as may be necessary to carry out the provisions of this Act. 
Approved July 14, 1964. 
Publication in 
R.