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Wednesday, N o v e m b e r 18, 1959
3185 of April 24, 1959 is amended as follows:
1. In 2.2a, first paragraph of the statutory citation, change the figure $1,000 to $2,500.
2. In 2.2b, change the figure $1,000 to $2,500.

FEDERAI REGISTER

9307

SUBCHAPTER F URBAN RENEWAL AND NEIGH
BORHOOD CONSERVATION
HOUSING IN
SURANCE

ihent of External Affairs o f Canada, ar rived at a Governmental agreement for the establishment of rates o f tolls and PART 268-MULTIFAMILY RELOCA -related matters fo r the joint operation TION INSURANCE; ELIGIBILITY RE of the Seaway between United States and Canada; and QUIREMENTS OF MORTGAGE
Whereas paragraph 6 o f the agree Sec. 2672, 62 Stat. 983, as amended; 28
Section 268.15 is amended to read as ment o f January 29, 1959, among other U.S.C. 2672, as am ended. Dept. Order No. follows:
things, provides for the establishment 70 Revised, Apr. 7, 1959, as amended by of a Joint Tolls Advisory Board:
Amendment No. 1, Oct. 26,1959
268.15 M ortgage maturity.
Now, therefore, the Saint Lawrence Dated: November 10,1959.
The mortgage shall have a maturity Seaway Development Corporation pur satisfactory to the Commissioner, not to suant to the Act of Congress of May 13, F r e d e r ic k H. M u e l l e r , be more than 40 years from the date of 1954, as amended, 68 Stat. 92-93, 33
Secretary of Commerce.
final endorsement for insurance or U.S.C. 981 et seq. and pursuant to the F.R. Doc. 59-9732; Filed, Nov. 17, 1959;
three-quarters of the Commissioners es foregoing agreements including the 8:47 a.m.
timate of the remaining economic life of agreement of March 9,1959, between the the building improvements, whichever Governments of United States and is the lesser.
Canada, and the approval of February 25, 1959, by the President of the United States, hereby gives notice of the follow PART 269 MULTI FAMILY RELOCA ing Rules of Procedure which have been TION INSURANCE; RIGHTS AND adopted for the use of the Joint Tolls OBLIGATIONS OF MORTGAGEE Advisory Board:
Chapter II Federal Housing Ad
Title 24 HOUSING AND
HOUSING CREDIT

ministration, Housing and Home Finance Agency MISCELLANEOUS AMENDMENTS TO
CHAPTER
The following miscellaneous amend ments have been made to this chapter:
SUBCHAPTER D MULTIFAMILY .AND GROUP
HOUSING INSURANCE

PART 233 RENTAL HOUSING IN
SURANCE; RIGHTS AND OBLIGA
TIONS OF MORTGAGEE UNDER
INSURANCE CONTRACT
, Section 233.4 is amended to read as follows:
233.4

UNDER INSURANCE CONTRACT

Section 269.2 is amended to read as follows:
269.2

Assignment option.

The mortgagee has the option to as sign, transfer and deliver to the Com missioner the original credit instrument and the insured mortgage securing the same, provided such mortgage is not in default at the expiration of 20 years from the date of final endorsement of the mortgage. When such option has been exercised the obligation-of the mortgagee to pay the premium charge shall cease.
Sec. 211, 52 Stat. 23; 12 U.S.C. 1715b. Inter pret or apply sec. 221, 68 Stat: 599, as amended; 12 U.S.C. 1715Z

Form o f endorsement.

Issued at Washington, D.C., November a Initia l endorsement. Upon com 12, 1959.
pliance with the terms and conditions J u l i a n H. Z i m m e r m a n , of a commitment, the Commissioner Federal Housing Commissioner.
shall make an initial endorsement of F.R. Doc. 59-9735; Filed, Nov. 17, 1959;
the mortgage evidencing insurance by 8:47 a.m.
an appropriate panel or endorsement placed on the original credit instrument which will identify the section of the Act and the regulations under which the mortgage is insured and the date of insurance.
Chapter IV Saint Lawrence Seaway b Final endorsement. A fter all ad Development Corporation vances under the mortgage have been made, the Commissioner shall, upon APPENDIX JOINT TOLLS ADVISORY
presentation of the original credit in BOARD
strument, make a final endorsement of tne original credit instrument which Rules of Procedure shall state the total of all advances ap Whereas.on January 29, 1959, the Ad proved for insurance by the Commis ministrator of the Saint Lawrence Sea sioner and show the date o f such way Development Corporation and the approval.
President of the St. Lawrence Seaway Whereas on March 9,1959 the Govern Sec. 211, 52 Stat. 23; 12 U.S.C. 1715b. In
ments of the United States and Canada, terprets or applies sec. 207, 52 Stat. 16, as through an exchange o f notes between amended; 12 U.S.C. 1713
the State Department and the Depart-

Title 33 NAVIGATION AND
NAVIGABLE WATERS

J o i n t T o l l s A d v is o r y B oard RULES OF PROCEDURE

1. These rules govern practice and procedure before the Board unless the Board directs or permits a departure therefrom in any proceeding.
2. In these rules, unless the context otherwise requires a Application includes complaint;
b Affidavit includes a written affirmation;
c Words in the singular include the plural and words in the plural include the singular.
31 Every proceeding before the Board shall be commenced by an application made to it, which shall be in writing and signed by, or on behalf of, the applicant.
2 An applicant shall file twelve copies of his application setting forth a clear and complete statement of the facts, the grounds for the complaint, and the relief or remedy to which the applicant claims to be entitled.
3 Applicants resident in Canada shall file their complaints with the St. Law rence Seaway Joint Tolls Advisory Board, Hunter Building, Ottawa, On tario. Applicants resident in the United States of America shall file their com-
plaints with the St. Lawrence Seaway Joint Tolls Advisory Board, Massena, N.Y. Other aplicants may file their complaints with the Board at either address.
4 One copy of each application re ceived shall be held and be available for public inspection at the offices of the Board in Ottawa, Ontario, and Mas sena. N.Y.
5 The Board shall publish notice of the receipt of applications in the Can ada Gazette and the F e d e r a l R e g is t e r .
6 Interested parties shall have thirty days from date o f publication of notice in which to make representations or to submit briefs to the Board.
41 The Board shall meet at such time and place as the Chairman may decide.
2 The jBoard may schedule hearings at such time and place as the Chairman may decide.