65 STAT.]
91
PUBLIC LAW 58—JUNE 28, 1951
heretofore caused by d r e d g i n g operations conducted by the Department of the Navy: Provided, That no part of the a m o u n t a p p r o p r i a t e d i n t h i s Act in excess of 10 p e r c e n t u m thereof shall be p a i d or delivered to or received by any a g e n t or a t to r n e y on account of services r e n d e r e d m connection w i t h t h i s claim, and the same shall be u n law f u l, any contract to the c o n t r a r y notwithstanding. Any person v i o l a t i n g the provisions of t h i s Act shall be deemed g u i l t y of a m i s d e m e a n o r and upon conviction thereof shall be fined in any sum not exceeding $1,000. A p p r o v e d June 27, 1951.
Public Law 57
CHAPTER
155
AN ACT To extend the time for completing the construction of a toll bridge across the Delaware River near Wilmington, Delaware. Be it ermcted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 5 of the Act e n title d " A n Act a u t h o r i z i n g the State of D e law a r e, by and through its State h i g h w a y d e part m e n t, to construct, m a i n t a i n, and o p e r a t e a toll b r i d g e across the D e law a r e R i v e r n e a r W i l m i n g to n, D e law a r e ", a p p r o v e d July 13, 1946, is hereby amended to read as follows: " SEC. 5. The authority h e r e by g r a n t e d s h a l l cease and be n u l l and void unless the actual construction of said b r i d g e and its a p p r o a c h e s be commenced w i t h i n t h r e e year s and completed w i t h i n six year s from July 13, 1946." A p p r o v e d June 27, 1951.
Public Law 58
CHAPTER
June 27, 1951 [H. R. 4338]
Toll bridge. Delaware River.
60 Stat. 533. Time limitation.
165
AN ACT Relatint to the treatment of powers of appointment for estate and gift tax purposes.
June 28, 1951 [H. R. 20841
Be it enacted by the Senate and House of Representatives of the nited Tl United States of America in Congress assembled, That t h i s Act may mrnTAcI, of mi!°'"^ be cited as the " P o w e r s of Appointment Act of 1951". SEC. 2. ESTATE TAX—POWERS OF APPOINTMENT. 53 (a) Section 811(f) of the I n t e r n a l Revenue Code ( r e l a t i n g to 26 Stat. 122.§811 (f). U.S C. p o w e r s of appointment) is hereby amended to read as f o l l o w s: "(f)
P O W E R S OF APPOINTMENT. — "(1) PROPERTY W I T H RESPECT TO W H I C H DECEDENT EXERCISES A GENERAL POWER OF APPOINTMENT CREATED ON OR BEFORE OC'IX)BER
21, 19 42.—To the e x t e n t of any property w i t h respect to which a g e n e r a l p o w e r of appointment created on or before October 2 1, 1942, is exercised by the decedent (1) by will or (2) by a disposition which is of such n a t u r e that if it were a transfer of property owned by the decedent, such property would be includible iii the decedent's gross estate under subsection (c) or (d); b u t the failure to exercise such a p o w e r or the complete release of such a p o w e r shall not be deemed an exercise thereof. " I f before November 1, 1951, or w i t h i n the t i m e limited by paragraph (2) of section 403(d) of the Revenue Act of 1942, as amended, in cases to which such paragraph is applicable, a general 26^u*'^s^^c § sii power of appointment created on or before October 21, 1942, shall notes. h a v e been partial l y released so that it is no longer a general p o w e r
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