52 STAT.] 75TH CONG., 3 D SESS.-CH. 32 -FEB . 24, 1938 [CHAPTER 32] AN ACT AFebruary 24, 1938 To authorize the Secretary of the Treasury to cancel obligations of the Recon- [H. R . 9379] struction Finance Corporation incurred in supplying funds for relief at the [Public, No. 432] authorization or direction of Congress, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Secretary Recostruction Fi- of the Treasury is authorized and directed to cancel notes of the ancelation of obli- Reconstruction Finance Corporation (which notes are hereby made gati'ns incurred for relief, etc. , purposes. available to the Secretary of the Treasury for the purposes of this section) and all sums due and unpaid upon or in connection with such notes at the time of such cancelation and discharge in a princi- pal amount equal to the outstanding funds of the Reconstruction Finance Corporation heretofore or hereafter disbursed under or by reason of the provisions set forth in- Fu nd s designated. (a) Section 2 of Reconstruction Finance Corporation Act, ap- 47 Stat. 5; 49 Stat. 2; 5U. S.C. 4602; Supp. proved January 22, 1932 (47 Stat. 5), as amended; Act approved IIIS, 4 64b. February 4, 1933 (47 Stat. 795); section 1 (a) to (d) and last sen- 47Stat. 791 13. tence of section 201 (e) of Emergency Relief and Construction Act 15 u.s . c. §o605a; 12 of 1932, approved July 21, 1932 (47 Stat. 709); section 1 (e) of U47SStat. 71; 15 U. S . Emergency Relief and Construction Act of 1932, approved July 21, c. 605a (e). 1932 (47 Stat. 711), and any amendatory or supplementary legis- lation; section 5 of Farm Credit Act of 1933, approved June 16, U48Sa. 258, 358;12 1933 (48 Stat. 258), as amended; section 5 of Agricultural Adjust- 48 Stat. 33 , 1059; 7 ment Act, approved May 12, 1933 (48 Stat. 33), as amended; se- 48 Stat.46, 48, 50; 49 tions 30 (a), 32, and 37 of Emergency Farm Mortgage Act of 1933, Stat. 318; 12 U.S. C . approved May 12, 1933 (48 Stat. 46, 48, and 50), as amended; sec- §§823,1016;43U. S.C tion 4 of Home Owners' Loan Act of 1933, approved June 13, 1933 48 Stat. 129;12 U. S . (48 Stat. 129); Federal Emergency Relief Act of 1933, approved §i.'463; Supp- III May 12, 1933 (48 Stat. 55); first paragraph of title II of Emergency sstat.55;15U.S. Appropriation Act, fiscal year 1935, approved June 19, 1934 (48 48 Stat. 1055 . Stat. 1055); section 4 of National Housing Act, approved June 27, U48. tat. 17 247; 12 1934 (48 Stat. 1247); Emergency Relief Appropriation Act of 1935, 49 Stat. 115. 48 Stat. 345; 12 U.S . approved April 8, 1935 (49 Stat. 115); section 3 of Federal Farm C.4 '10620b. Mortgage Corporation Act, approved January 31, 1934 (48 Stat. 345); section 33 of Farm Credit Act of 1937, approved August 19, oC 0 Sutpt. 7 IsIt. 7l12U. 1937 (50 Stat. 717); and (b) First sentence of section 201 (e) of Emergency Relief and 47Stat. 713; 12 U. S. Construction Act of 1932, approved July 21, 1932 (47 Stat. 713); C. 114 8 section 84 of Farm Credit Act of 1933, approved June 16, 1933 (48 s8tat.2; 12U. S . Stat. 273), as amended; Act approved April 10, 1936 (49 Stat. 1191); 49 Stat. 1191. Act approved February 11, 1937 (50 Stat. 19); supp.It, k-l . ' together with expenses incurred by Reconstruction Finance Cor- poration in connection with section 1 of the Emergency Relief and Construction Act of 1932, as amended; and together with the inter- est paid to the Treasury thereon in the amount of $33,177,491.82: Provided, That any evidence of indebtedness with respect to funds Provsocs. disbursed by Reconstruction Finance Corporation under or by edness transferred to reason of the provisions of law referred to in subsection (a) hereof Treasury. be transferred to the Secretary of the Treasury: Provided further, That with respect to funds heretofore or hereafter disbursed by conditiionsaffectng Reconstruction Finance Corporation under or by reason of the pro- visions of law referred to in subsection (b) hereof, notes shall be canceled by the Secretary of the Treasury only upon the transfer and delivery by the Reconstruction Finance Corporation to the Sec- retary of the Treasury or to such officer, officers, agency, or agencies as the President shall designate, of all such capital stock as the
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