An Act to authorize the government of the Virgin Islands to issue general obligation bonds
PL 88-180 (H.R.1989), enacted 11/19/1963

77 STAT. ] 
PUBLIC LAW 88-180-NOV. 19, 1963 
335 
Public Law 88-179 
AN ACT 
40 u s e 471 
November 13, 1963 
To authorize the Administrator of General Services to convey certain land in 
^^' ^^^^ 
Prince Georges County, Maryland, to the American National Red Cross. 
Be it enacted iy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That, should such 
American Na-
land become surplus property pursuant to the Federal Property and *'°(^o^nveylice°^^' 
Administrative Services Act of 1949, as amended, the Administrator 
63 stat. 377.' 
of General Services is authorized to convey, within a period of two 
years following the date of enactment of this Act, not to exceed two 
and one-half acres of land located at the northeast comer of the 
intersection of Rhode Island Avenue and Sunnyside Road in Prince 
Georges County, Maryland, to the American National Red Cross upon 
the payment to the United States of the fair market value of the 
property as determined by the Administrator: Provided^ That the 
instrument of conveyance authorized by this Act shall provide that 
upon determination by the Administrator of General Services that 
the American National Red Cross has failed to begin construction of 
a chapter house on said property within two years after the conveyance 
or to complete construction thereof within a reasonable time after such 
construction has begun, all right, title, and interest to the property 
shall revert to the United States in the then existing condition of that 
property, and the Secretary of the Treasury is authorized upon such 
reverter to pay from the general funds of the Treasury to the American 
National Red Cross the amount, without interest and less any damage 
to the land as determined by the Administrator, paid by the American 
National Red Cross to the United States for such property. 
SEC. 2. The cost of any survey required in connection with the 
conveyance of this property shall be at the expense of the American 
National Red Cross. 
Approved November 13, 1963. ' 
Public Law 88-180 
A N A C T 
November 19, 1963 
To authorize the government of the Virgin Islands to issue general obligation 
TH. R. i989] 
bonds. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That (a) subsection 
(b) of section 8 of the Revised Organic Act of the Virgin Islands, 
as amended (68 Stat. 497, 500; 48 U.S.C. 1574(b)), is redesignated 
as paragraph (i) of such subsection (b), and is amended by deleting 
the last sentence thereof and by striking out the word "subsection'-
and inserting in lieu thereof the words "paragraph (i)". 
(b) Subsection (b) is further amended by adding the following 
new paragraph (ii) : 
"(ii)(A) Subject to the provisions of this paragraph (ii), the 
legislature of the government of the Virgin Islands may cause to be 
issued such negotiable general obligation bonds or other evidence of 
indebtedness as it may deem necessary and advisable to construct, 
improve, extend, better, repair, reconstruct, acquire, and equip hos-
pitals, schools, libraries, gymnasia, athletic fields, sewers, sewage-
disposal plants, and water systems: Provided^ That no public indebt-
edness of the Virgin Islands shall be incurred in excess of 10 per 
centum of the aggregate assessed valuation of the taxable real prop-
erty in the Virgin Islands. 
Bonds issued pursuant to this paragraph 
Virgin Islands. 
Bonds. 
336 
PUBLIC LAW 88-181-NOV. 19, 1963 
[77 STAT. 
(ii) shall bear such date or dates, may be in such denominations, may 
mature in such amounts and at such time or times, not exceeding thirty 
years from the date thereof, may be payable at such place or places, 
may be sold at either public or private sale, may be redeemable (either 
with or without premium) or nonredeemable, may carry such regis-
tration privileges as to either principal and interest, or principal only, 
and may be executed by such officers and in such manner, as shall be 
prescribed by the legislature of the government of the Virgin Islands. 
In case any of the officers whose si^atures appear on the bonds or 
coupons shall cease to be such officers before delivery of such bonds, 
such signature, whether manual or facsimile, shall nevertheless be valid 
and sufficient for all purposes, the same as if such officers had remained 
in office until such delivery. The bonds so issued shall bear interest 
at a rate not to exceed that specified by the legislature and payable 
semiannually. All such bonds shall t>e sold lor not less than the 
principal amount thereof plus accrued interest. All bonds issued by 
the government of the Virgin Islands, including specifically interest 
thereon, shall be exempt from taxation by the Grovernment of the 
United States, or by the government of tne Virgin Islands or any 
political subdivision thereof, or by any State, territory, or possession 
or by any political subdivision of any State, territory, or possession, 
or by the District of Columbia. 
"(B) The proceeds of the bond issues or other obligations herein 
authorized shall be expended only for the public improvements set 
forth in the preceding subparagraph, or for the reduction of the debt 
created by such bond issue or obligation, unless otherwise authorized 
by the Congress. 
"(C) Bonds or other obligations issued pursuant to this paragraph 
(ii) shall not be a debt of the United States, nor shall the United States 
be liable thereon." 
Approved November 19, 1963. 
Public Law 88-181 
November 19, 1963 
^^ 
A C T 
[H. R. 5244] 
To modify the project on the Mississippi River at Muscatine, Iowa, to i>ermit 
the use of certain property for public park purposes. 
Be it enacted by the iSeiiate and House of Representatives 
of the 
Muscatine, Iowa. United States of America in Congress assembled. That the project 
Project modifi- 
^^j^ ^j^g Misslsslppi Rlvcr at Muscatine, Iowa, authorized in section 
""^eVstat. 163. 
101 of the Rivers and Harbors Act, 1950, is hereby modified to 
provide— 
(a) that in addition to all other purposes set forth in House 
Document 733, Eightieth Congress, to which local interests 
agreed to put the real property described in section 2 of this 
Act, such property may be used by the city of Muscatine, Iowa, 
for public park and recreation purposes; 
(b) that local interests shall provide and maintain at local 
expense adequate public terminal and transfer facilities open 
to all on equal terms. 
SEC. 2. The real property referred to in the first section of tliis Act 
is a tract of land situated in the county of Muscatine, State of Iowa, 
being part of the original town of Muscatine, located in the south-
west quarter section 36, township 77 north, range 2 west, of the fifth 
])riiicipal meridian, more particularly described as follows: 
Beginning at the intersection of the extension of the westerly 
line of Orange Street of said original town of Muscatine and the