Section 1

Section 1. It is the purpose of this act to encourage the return to operation and productivity of an aluminum extrusion facility and to remove impediments to the financing of the facility. A portion of the West Branch of the Schuylkill River, navigable river, lies within certain lands in the Borough of Cressona, and the Township of North Manheim, Schuylkill County, Pennsylvania, now or formerly owned by Aluminum Company of America. To enable the expansion of the aluminum extrusion facility now or formerly owned and operated in Cressona by Aluminum Company of America, the bed of said river was relocated pursuant to a permit issued on August 11, 1942 by the Water and Power Resources Board of the Department of Forests and Waters of the Commonwealth of Pennsylvania. Pursuant to law, the Commonwealth of Pennsylvania retains fee simple title in and to the tract of land lying within the abandoned riverbed. Therefore, the Commonwealth of Pennsylvania should convey its right, title and interest in the tract of land formerly within the bed of said river, to Aluminum Company of America or such other party as shall own the lands adjacent to said tract on the date of the conveyance.