The President of the United States of America takes pride in presenting the Navy Cross (Posthumously) to Captain Richard B. Buchanan (MCSN: 0-125), United States Marine Corps, for extraordinary heroism in battle when on the occasion of the engagement at Iz-Paz Centre, Nicaragua, 16 May 1927, during an insurrection in that country, he led his platoon into the city in the face of unequal and unfavorable conditions, and taking station at the head of the leading patrol, heedless of personal danger, directed the operations in a cool and effective manner until he received wounds which resulted in his death.