74TH CONGRESS . SESS. I. CHS. 680, 681. AUGUST 26, 1935 . and thirty-three one-hundredths feet to the intersection of the east side line of such Virginia Street, thence northerly and alonthe e ast side line of such Vi rginia S treet on e hundre d forty- four" an d thirty one-hundredths feet to the .place of beginning ; and (2) begin- ning at a. point on the east side line of Virginia Street, in the city of Reno, Nevada, one hundred forty-four and thirty one-hundredths feet southerly from the intersection of the east side line of such V irginia Street w ith the south li ne of su ch East Front St reet, an d r unning t hence ea sterly d eflectin g right sixty de grees tw enty-nin e minutes for a distance of thirty-two and thirty-three one-hundredths feet, thence deflect right twenty-one degrees seventeen minutes for a distance of one hundred thirty-three and one-tenth feet, thence southerly and parallel with the east side line of such Virginia Street sixty-five f eet, more or l ess, to the n ortherly boun dary of the Tr uckee River, t hence we sterly a long the norther ly bound ary of t he Truck ee River to its int ersectio n with t he east side lin e of suc h Virgin ia Street, thence northerly and along the east side line of such Virginia Street, sixty and two one-hundredths feet, more or less, to the point of beginning . The consideration for said conveyance is the sum of $7,500, lawful money of the United States, to be paid by the city of Reno, Nevada, to the Secretary of the Treasury upon the execution and delivery of said conveyance . Approved, August 26, 1935 . [CHAPTER 681 .] AN ACT To amend sections 3 and 4 of the Act of July 3, 1930, entitled "An Act for the rehabilitation of the Bitter Root irrigation project, Montana ." Be it enacted by the Senate and House o f Representatives o f the United States of A merica in Congress a ssembled, Tha t the Se cretary of the Interior is authorized and directed to negotiate and execute a contract with the Bitter Root Irrigation District, amending as pro- vided herein articles 3 and 6 of the contract dated August 24, 1931, betwee n the Un ited Sta tes of A merica a nd said irrigati on distr ict . The amended contract shall segregate the district's obligation into two components : (1) All money advanced to the district under section 2, subsection (1) of the Act of July 3, 1930, for liquidating bonded and other outstanding indebtedness of said district ; and (2) all money advanced or used under section 2, subsections (2) and (3) of said Act for construction, betterment, and repair work . All money advanced under component (1) shall be repaid to the United States wi thin the perio d fixed in sa id contract, with interest at 4 per centum per annum until paid : Provided, That all interest now due and unpaid on co mpone nt (1) shall be added to and merged with the principal sum advanced under th at component . Nothing herein contai ned shal l be con strued a s author izing a modifica tion in said amenda tory con tract of the int erest ch arges he retofore paid by the district under the contract of August 24, 1931 . SEC. 2 . The amended contract shall provide also that all money advanced or used under section 2, subsections (2) and (3) of the Act of July 3, 1930, shall be repaid to the United States without interest within the period fixed in said contract, and in the case of default in the payment when due of any installment fixed by the Secretary for repayment of money advanced or used under said section 2, subsections (2) and (3), there shall be added to the pay- ment unpaid a penalty of one-half of 1 per centum of the amount unpaid on the 1st day of each month thereafter so long as such default shall continue. Approved, August 26, 1935 . Purchase price. 799 August 26, 1935 .
[S . 946.] [Public, No.327.1 Bitter Root irriga- t ion project, Mont . Segr egat ion auth or- ized of repayment ob- lig ation . Vol. 46, p . 852. Liquidating out- standing indebtedness . Advances for con- struction, etc. Interest on first com- po nent . Proviso . Unpaid, to be merged with pr incipal . Interest not modi- fied . District relieved of in terest on component (2) . Vol . 46, p. 852. Default ca ses ex- cepted .
