Page:United States Statutes at Large Volume 38 Part 1.djvu/702

SIXTY-THIRD CONGRESS. Sess. II. Cris. 225, 227, 229. 1914. 683 hundred and eight, are hereby reenacted to read as such sections read prior to May thirtieth, mneteen hundred and slight, subject to such amendments or modifications as are prescrib in this Act: Provided, however, That section nine of the Act iirst referred to in §;•;°‘gg·c,mu,amm this section is hereby amended so as to change the tax rates fixed in Von 35. p- 556. said Act by making the portion applicable thereto read as follows: ’”"°°°°°‘ "National banking associations having circulating notes secured ,,{{§',‘€§,§,°*§§S3°§‘1{?.§ otherwise than by bonds of the United States, shall pay for the iiist S°g,°gb°ggg·¤gg*;°¤d· three months a tax at the rate of three per centum per annum upon ioosaiiienete. ’ p' the average amount of such of their notes in circulation as are based upon the deposit of such securities, and afterwards an additional _ tax rate of one-half of one per centum per annum for each month until a tax of six per centum per annum is reached, and thereafter such tax of six per centum per annum upon the average amount of P such notes: Promkled further, That whenever in his judgment he s¤spmie¤emma». may deem it desirable, the Secretary of the Treasury all have *"§:,°;f‘“°kB_ power to suspend the limitations imposed by section one and section ’ p` three of the ct referred to in this section, which prescribe that such additional circulation secured otherwise than bi bonds of the United States shall be issued only to National circulatigg notes outstanding secured by the deposit of bonds o the Uni States to an amount not less than forty per centum of the capital stock of such banks, and to suspend also the conditions and limits- v,,,_35'p_5,,_ tions of section five of said Act except that no bank shall be permitted to issue circulating notes in excess of one hundred and twenty- com t M five per centum of its unimpaired capital and surplus. He mn¤z¤.ni$°Q{w° ° reqmre each bank and currencg association to maintain on deposit in the Trensuriof the United tates a sum in gold sufficient in his judgment for the redemption of such notes, but in no event less than Add,,,,,,,,,, ,5,,,,, 0, five per centum. He may permit National banks, during the period ¤¤¤*¤¤¢¤-b¤¤¤= ¤¤¢¤¤~ for which such provisions are suspended, to issue additional circulation under the terms and conditions of the Act referred to as herein E amended: Provided further, That the Secretary of the Treasupy, in t»nii°.i$i°x£mt*$¤SJ¤iit£ his discretion, is further authorized to extend the benefits o this P°“’°’· Act to all ualiiied State banks and trust companies, which have joined the %`ederal reserve system, or which may contract to join within fifteen days after the passage of this Act." Approved, August 4, 1914. cna?. 227.-An Act To increase the limit of cost of the public building at Bangor, A“f§li§%¤iim' Mmn€‘ [Public, No. 164.] Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the limit o cost of the §§;§y*·0}‘°&0s, ,¤_ public uildingxat Bangor, Maine, be, and the sameis hereliy, increased creaspd, public buua— $40,000, and the building shall be so constructed that all o its exterior “‘g“ ‘ facades shall be faced with stone. Approved, August 5, 1914. cnr. eso.-An Act naming to tnggubue domain ce-me lands heretofore "“f§i§;£§”" reserved for reservoir purposes at the h waters of the Mimimppr River and tributaries. " ` Be it enacted by the Senate and H ouse of Representatives of the United Pubuc ,,mds_ States of America in Congress assembled, That there is hereby restored mrggegopn mia E to the public domain for entry under the homestead laws, pursuant hemesmii eciipgrxy. to such rules and regulations as the Secretary of the Interior may prescribe, subject to the easement provided for in section two hereo ,