
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 16USC343b]

 
                         TITLE 16--CONSERVATION
 
   CHAPTER 1--NATIONAL PARKS, MILITARY PARKS, MONUMENTS, AND SEASHORES
 
                 SUBCHAPTER XXXVII--ACADIA NATIONAL PARK
 
Sec. 343b. Addition of lands

    The Home Owners' Loan Corporation (herein called the 
``Corporation'') is authorized and directed to convey and transfer to 
the United States of America, upon the terms and conditions provided in 
this section, all right, title, and interest vested in the Corporation, 
at the date of such conveyance and transfer, in and to real property and 
interests therein in the county of Hancock, State of Maine, acquired by 
the Corporation through the foreclosure of that certain mortgage deed, 
dated October 20, 1933, executed to the Corporation by Percy B. Russell 
and Florence L. Russell, and appearing in book 642, page 389, of the 
Registry of Deeds of Hancock County, State of Maine.
    The Secretary of the Interior, for and on behalf of the United 
States of America, is authorized and directed to accept the conveyance 
and transfer of such property without regard to the provisions of 
section 355, as amended [40 U.S.C. 255], section 1136 as amended, and 
section 3709 [41 U.S.C. 5] of the Revised Statutes (except the last 
paragraph of said section 355, as amended [40 U.S.C. 255], which shall 
be applicable hereto), or any other provision of law. The Secretary of 
the Interior is further authorized and directed to pay all necessary 
fees, charges, and expenses in connection with such conveyance and 
transfer.
    Upon the conveyance and transfer of such property as herein 
provided, it shall be used and administered by the Secretary of the 
Interior solely for national-park purposes, and it shall be deemed to 
constitute a part of the Acadia National Park.
    Any other provision of law to the contrary notwithstanding, the 
Secretary of the Treasury shall, upon such conveyance and transfer and 
in lieu of any other payment by the United States to the Corporation as 
consideration for the conveyance and transfer of such property, cancel 
bonds of the Corporation, in the principal sum of $18,000, purchased by 
the Secretary of the Treasury under or by reason of the provisions set 
forth in section 1463 of title 12 (which bonds are made available to the 
Secretary of the Treasury for the purposes of this paragraph), and all 
sums due and unpaid upon or in connection with such bonds at the time of 
such cancelation and discharge, together with any accrued interest: 
Provided, That the Secretary of the Treasury and the Corporation are 
authorized and directed to make adjustments on their books and records 
as may be necessary to carry out the purposes of this section.

(Dec. 22, 1944, ch. 674, Secs. 1-4, 58 Stat. 914.)

                       References in Text

    Section 1136 of the Revised Statutes, referred to in the second 
par., was repealed and reenacted as sections 4774(d) and 9774(d) of 
Title 10, Armed Forces, by act Aug. 10, 1956, ch. 1041, 70A Stat. 1. 
Sections 4774(d) and 9774(d) were redesignated as entire sections 4774 
and 9774 by Pub. L. 93-166, title V, Sec. 509(c), (e), Nov. 29, 1973, 87 
Stat. 677, 678, and subsequently were repealed by Pub. L. 97-214, 
Sec. 7(1), July 12, 1982, 96 Stat. 173.
    Section 1463 of title 12, referred to in the last par., was repealed 
by Pub. L. 89-554, Sec. 8(a), Sept. 6, 1966, 80 Stat. 648.

               Abolition of Home Owners' Loan Corporation

    For dissolution and abolishment of Home Owners' Loan Corporation, by 
act June 30, 1953, ch. 170, Sec. 21, 67 Stat. 126, see note set out 
under section 1463 of Title 12, Banks and Banking.
