Nomination of Julius C. Holmes ... Ambassador to Iran1961 - 156 pages |
Common terms and phrases
Admiral SMITH agree allocated American Overseas Tanker AOTC and Greenwich application approval Assistant General Counsel Attorney bareboat charter capital Casey group certified Chairman Chase National Bank Chinese Communist China contract correct Delaware Tanker Corp dismissed Document escrow agent fact five tankers FLANAGAN Foreign Service Government grand jury hearing Hoey committee HOLMES Hong Kong indictment interest Iran irrevocable option January 24 Joseph E Julius Klemmer letter Maritime Commission memorandum ment Morris National Tanker Corp negotiations Newbold Morris officer OPTION AGREEMENT Overseas Tanker Corp ownership Panamanian percent president purchase question recall record Secretary sell Senator CARLSON Senator from Delaware Senator from Missouri Senator LAUSCHE Senator MUNDT Senator NIXON Senator SPARKMAN Senator SYMINGTON sold Stanley Klein statement Stavros Niarchos Stettinius stock of AOTC stock of National stockholders TANKER TRANSACTIONS testimony three tankers tion transfer U.S. citizens United Tanker Corp vessels
Popular passages
Page 41 - Citizen of the United States" includes a corporation, partnership, or association only if it is a citizen of the United States within the meaning of section 2 of the 'Shipping Act of 1916, as amended.
Page 147 - ... records and incorporated in the same document or paper which notifies the applicant of such approval. A violation of such condition so incorporated shall constitute...
Page 84 - ... citizen of the United States, or transfer or place under foreign registry or flag, any vessel or any interest therein owned in whole or in part by a citizen of the United States...
Page 147 - ... [Except as provided in section 611 of the Merchant Marine Act, 1936, as amended, it shall be unlawful without the approval of the United States Maritime Commission, to sell, mortgage, lease, charter, deliver, or in any manner transfer, or agree to sell, mortgage, lease, charter, deliver, or in any manner transfer, to any person not a citizen of the United States...
Page 41 - citizen of the United States" include a corporation, partnership, or association only if it is a citizen of the United States within the meaning of section 2 of the Shipping Act, 1916, as amended (USC, title 46, sec.
Page 68 - ... result of this problem. I appreciate the cooperation of the Executive Board and the Officers of the Union in the solution of a very difficult situation. Please indicate acceptance on behalf of Division 689 by signing and returning the enclosed copy of this letter.
Page 31 - The controlling interest in a corporation shall not be deemed to be owned by citizens of the United States (a) if the title to a majority of the stock thereof is not vested in such citizens free from any trust or fiduciary obligation in favor of any person not a citizen of the United States...
Page 31 - States; or (c) if through any contract or understanding it is so arranged that the majority of the voting power may be exercised, directly or indirectly, in behalf of any person who is not a citizen of the United States...
Page 31 - Concern was expressed on the floor of the House that the bill as reported out was too restrictive. It was noted that the broad language would restrict a sale to an alien of a single share of stock in a corporation owning an American ship, thus severely damaging the negotiability...
Page 67 - National, an amount equivalent to $1."K),000 multiplied by the number of tankers acquired by National pursuant to the provisions of this agreement. Such deposit as provided for herein shall be made with and to an escrow agent satisfactory to United, or at United's election, shall be in the form of an irrevocable Letter of Credit, or a bank guarantee, in favor of the escrow agent in such aforesaid amount. Such security is to be maintained by United for a period of one (1) year from the date of delivery...