Public Law 75–472

That, upon terms satisfactory to the Director of Procurement and at a price not less than 50 per centum of its value as of the date when possession of the hereinafter-described property was taken under lease by the herein-after-designated post, as said value shall be estimated and determined by the Director of Procurement, the Secretary of Commerce is authorized and directed to convey, by quitclaim deed to the Otto Oas Post, Numbered 659, Veterans of Foreign Wars of the United States, of Manitowoc, Wisconsin, the old lighthouse keeper’s residence in Manitowoc, Wisconsin, together with the land appurtenant thereto, being lots 1 and 2 in block 178 southwesterly corner of Fifth and York Streets, which is now leased to the said post of the Veterans of Foreign Wars of the United States, under a lease expiring on December 31, 1940, such land being no longer required for use by

Reversionary provision.

the Lighthouse Service. Should the Otto Oas Post, Numbered 659, Veterans of Foreign Wars, cease to occupy the property for club headquarters or alienate or attempt to alienate such property, title thereto shall revert to the United States.