An Act relating to the effective date of the qualification of Plumbers Union Local No. 12 pension fund as a qualified trust under section 401(a) of the Internal Revenue Code of 1954, and for other purposes
PL 87-59 (H.R.1877), enacted 06/27/1961

120 
PUBLIC LAW 87-69-JUNE 27, 1961 
[75 S T A T , 
Conversion 
money. 
Taxes. 
into 
Special account. 
Establishment. 
That the Secretary of the Treasury or the Administrator of 
General Services, as the case may be, is authorized to reject any 
^ift under this section whenever he determines such action to be 
in the interest of the United States. 
SEC. 2. The Secretary of the Treasury shall convert into money, at 
the best terms available, any gift accepted by him under the provisions 
of paragraph (a) (3) of the first section of this Act; and the Admin-
istrator of General Services shall convert into money, at the best terms 
available, any gift accepted by him under the provisions of the first 
section of this Act. 
SEC. 3. If under applicable law any gift accepted under the first 
section of this Act is subject to a gift or inheritance tax, the Secretary 
of the Treasury or the Administrator of General Services, as the case 
may be, is a,uthorized to pay such tax out of the proceeds of such gift, 
or the proceeds of the redemption or sale of such gift, as the case may 
be. 
SEC. 4. There is hereby established on the books of the Treasury a 
special account into which shall be deposited all money received as 
gifts under this Act and all money received as a result of the conver-
sion into money of gifts of property other than money received under 
this Act. 
The Secretary of tne Treasury shall from time to time 
utilize the money in the special account for the payment at maturity 
or the redemption or purchase before maturity of any obligations of 
the United States included in the public debt of the United States. 
All obligations of the United States paid, redeemed, or purchased with 
money out of the special account snail be canceled and retired and 
shall not be reissued. All money deposited in the special account is 
hereby appropriated and shall be available for expenditure for the 
purposes of this Act. 
Approved June 27, 1961. 
June 27, 1961 
[H. R. 1877] 
Public Law 87-59 
AN ACT 
Relating to the effective date of the qualification of Plumbers Union Local 
Numbered 12 Pension Fund as a qualified trust under section 401(a) of the 
Internal Revenue Code of 1954, and for other purposes. 
Plumbers Union 
Local No. 12. 
Pension fund. 
68A S t a t . 134, 
163. 
26 u s e 401, 501. 
73 Stat. 121. 
26 u s e 809. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That the Plumbers 
Union Local Numbered 12 Pension Fund, which was established by a 
collective bargaining agreement effective September 1,1954, and which 
has been held by the Internal Revenue Service to constitute a qualified 
trust under section 401(a) of the Internal Revenue Code of 1954, 
and to be exempt from taxation under section 501(a) of said Code, 
for years ending on or after June 3,1959, shall be held and considered 
to have been a qualified trust under said section 401(a), and to have 
been exempt from taxation under said section 501(a), for the period 
beginning on September 1, 1954, and ending on June 3, 1959, but only 
if it is shown to the satisfaction of the Secretary of the Treasury or 
his delegate that the trust has not in this period been operated in a 
manner which would jeopardize the interests of its beneficiaries. 
SEC. 2. (a) Section 809(d) (11) of the Internal Revenue Code of 
1954 (relating to deductions in computing gain from operations in 
the case of certain mutualization distributions) is amended by striking 
out "in 1958 and 1959" and inserting in lieu thereof "in 1958, 1959, 
1960, and 1961". 
75 S T A T . ] 
PUBLIC LAW 87-60-JUNE 27, 1961 
121 
(b) Section 809(g) (3) of such Code (relating to application of sec-
tion 815 to certain mutualization distributions) is amended by striking 
out "in 1959" and inserting in lieu thereof "in 1959, 1960, or 1961'\ 
(c) The amendments made by subsections (a) and (b) shall apply 
to taxable years beginning after December 31,1959. 
SEC. 3. (a) Paragraph 1102(b) of the Tariff Act of 1930, as 
i^s^'lli^,^^/ 
amended (19 U.S.C. 1001; par. 1102), is amended by striking out 
46st^. 647, 
"Cashmere goat," and by inserting after "other like animals' the 
following: "(including hair of animals like the Cashmere goat)". 
(b) Paragraph 1102 of such Act is further amended by adding at 
the end thereof the following new subparagraph: 
"(c) Hair of the Cashmere goat, in the grease or washed, 18 cents 
per pound of clean content; scoured, 21 cents per pound of clean 
content; on the skin, 16 cents per pound of clean content; sorted, or 
matchings, if not scoured, 19 cents per pound of clean content." 
(c) The amendments made by this section shall apply to articles 
entered, or withdrawn from warehouse, for consumption, on or after 
the date of enactment of this Act, and to articles covered by entries 
or withdrawals which have not been liquidated or the liquidation of 
which has not become final on such date of enactment. 
SEO. 4, The pension fund of the slate, tile, and roofing industry in roo|fn*'indu1jtr*"f 
New York City, which was created as a result of an agreement between N.Y. city, 
the Composition Roofers, Damp and Waterproof Workers Association, 
Ijocal Union Numbered 8, and several employer associations and other 
individual employers in the industry, and which has been held by 
the Internal Revenue Service to constitute a qualified trust under 
section 401 (a) of the Internal Revenue Code of 1954, and to be exempt 
from taxation under section 501(a) of such Code, shall be held and 
26 use 401,501. 
consider^ to have been a qualified trust under such section 401(a) 
and to be exempt from taxation under such section 501(a), for the 
period beginning July 1,1957, and ending November 24,1958, but only 
if it is shown to the satisfaction of the Secretary of the Treasury or 
his delegate that the trust has not in this period been operated in a 
manner which would jeopardize the interest of its beneficiaries. 
Approved June 27, 1961. 
Public Law 87-60 
AN ACT 
June 27. 1961 
To provide that the authorized strength of the Metropolitan Police force of 
[H. R. 7218] 
the District of Columbia shall be not less than three thousand officers and 
members. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States 
of America 
in Congress assemhled^ That the last 
D. c. P o 11 c e 
sentence of paragraph (3) of the first section of the Act entitled "An ^°'""' ^"""'"• 
Act relating to the Metropolitan Police of the District of Columbia", 
approved February 28, 1901 (D.C. Code, sec. 4-106), is amended by 
7o stat. i48. 
striking out "two thousand five hundred officers and members" and 
inserting in lieu tliereof "three thousand officers and members". 
Approved June 27, 1961. 
64207 0-62—11