14
72d C ONGRESS . SESS . I. CHS. 9-11. JANUARY 23,27,28, 1932 . may at i ts discre tion decl are a div idend to sharehol ders of t he whole or any part of the balance of said net earnin s ." Vol. 39, p . 372.
SEC . 5 . Section 13 of the Federal Farm Loan Act, as amended U.S.C, p. 308 . Post, p .1648 .
(U. S. C., title 12, ch. 7, sec. 781), is amended by adding at the end
thereof a new paragraph to read as follows :
Powers
of
Federal
a
Tenth . When in the judgment of the directors conditions justify
land banks.
Extension ofduedate
it, to e xtend, in whole or in part, any obl igation t hat may b e or be-
of unpaid obligations
.
come unpaid under the terms of any mortgage, and to accept payment
ur
e
of any such obligation during a period of five years or less from the
date of such extension in such amounts as may be agreed upon at the
authorized for
date of making such extension .
The sum of $25,000,000 of the
banks .
amount authorized to be appropriated under section 5 of this Act, as amended shall be used exclusively for the purpose of supplying any bank witJl funds to use in its operations in place of any amounts of which such bank may be deprived by reason of extensions made as provide d in t his pa ragrap h .' Rul es and regula- SEC . 6 . The Federal Farm Loan Board is authorized to make such tions to be prescribed . rules and regulations, not inconsistent with law, as it deems neces- sary or requisite for the efficient execution of the provisions of the Federal Farm Loan Act, and/or any Act or Acts amendatory thereof or supplementary thereto . Approved, January 23, 1932 . !CHA PTER 10.] JOINT RESOLUTION January 27,1932 .
Makin JH . J. Res.230 .]
g an appropriation to enable the United States of America to make pay- IPub . Res ., No. 7.1
ments upon subscriptions to the capital stock of the Reconstruction Finance Cor pora tion . Resolved by the Senate and House of Representatives of the United Reconstruct ion Fi- States o f America in Congress assembled, That there is hereby appro- nance Corporation . Appropriation for priated , out of any money in th e Trea sury no t othe rwise approp rl- suk options to capital ated, the sum of $500,000,000, to remain available until expended, for L
subscriptions to the capital stock of the Reconstruction Finance Corpora tion i n acco rdance with the pr ovision s of s ection 2 of the Ante, p. a Act o f the Seve nty- secon d Con gres s ent itled "An Act to pr ovide emergen cy fin ancing facil ities for fi nancial insti tution s, to aid in financing agriculture, commerce, and industry, and for other purposes ." Approved, January 27, 1932 . [ CHAP TER 11 .] AN ACT January 23, 1932. IS! 87 3 .] Granting the consent of Congress for the construction of a bridge across Clarks ]Public, No . 4 .J
Fork River, near lone, Pend Oreille County, in the State of Washington . Be it enacted by the Senate and House of Representatives of the Clarks Fork River . United States of America in Congress assembled, That the consent Washington l one etc ., of Congress is hereby granted to Pend Oreille County, State of Washington, to construct, maintain, and operate a free highway bridge and approa>ihes thereto across the Clarks Fork River, at a point suitable to the interests of navigation, at or near lone Wash- Construction.
ington, i n accorda nce with the provi sions of an Act en titled `? An Act Vol. 34, p. s4C
to regulate the construction of bridges over navigable waters," approved March 23, 1906 . Amendment.
SEC .
2. That the right to alter, amend, or repeal this Act 3s hereby
expressly reserved .
Approved, January 28, 1932 .
I
