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Page:United States Statutes at Large Volume 61 Part 1.djvu/231

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61 STAT.] 8(TH CONG. , 1ST SESS.-CH. 166-JUNE 30, 1947 of the Corporation; or (4) gives any unauthorized information con- cerning any future action or plan of the Corporation which might affect the value of securities, or having such knowledge, invests or specu- lates, directly or indirectly, in the securities or property of any com- pany, bank, or corporation receiving loans or other assistance from the Corporation, shall be punished by a fine of not more than $10,000 or by imprisonmenforot for notmore than five years, or both. "(d) No individual, association, partnership, or corporation shall use the words 'Reconstruction Finance Corporation' or a combination of these three words, as the name or a part thereof under which he or it shall do business. Every individual, partnership, association, or corporation violating this prohibition shall be guilty of a misdemeanor and shall be punished by a fine of not exceeding $1,000 or imprison- ment not exceeding one year, or both. "(e) The provisions of sections 112, 113 114, 115, 116, and 117 of the Criminal Code of the United States (U. S . C., title 18, ch. 5, sees. 202 to 207, inclusive), insofar as applicable, are extended to apply to con- tracts or agreements with the Corporation under this Act, which for the purposes hereof shall be held to include loans, advances, discounts, and rediscounts; extensions and renewals thereof; and acceptances, releases, and substitutions of security therefor. "SEC. 12 . The Corporation is authorized to exercise the functions, powers, duties, and authority transferred to the Corporation by Public Law 109, Seventy-ninth Congress, approved June 30, 1945, but only with respect to programs, projects, or commitments outstanding on June 30, 1947. "SEC. 13. If any provision of this Act or the application of such provision to any person or circumstances shall be held invalid, the validity of the remainder of this Act, and the applicability of such provision to other persons or circumstances, shall not be affected thereby." TITLE II-MISCELLANEOUS SEC. 201. No provision of this Act shall be construed so as to pre- vent the Corporation from disbursing funds on purchases of securities and obligations, on loans made, or on commitments or agreements to make such purchases or loans, or on liabilities incurred, pursuant to law prior to the effective date of this Act. SEC. 202. The succession of U. S . Commercial Company, a corpora- tion created by the Reconstruction Finance Corporation pursuant to section 5d (3) of the Reconstruction Finance Corporation Act, as amended, is hereby extended through June 30, 1948. SEC. 203. All assets and liabilities of every kind and nature, together with all documents, books of account, and records, of The RFC Mortgage Company, a corporation organized under the laws of the State of Maryland, all the capital stock of which is owned and held by the Reconstruction Finance Corporation, shall be transferred to the Reconstruction Finance Corporation. With respect to the assets, liabilites, and records transferred, "Reconstruction Finance Corpora- tion" for all purposes is hereby substituted for "The RFC Mortgage Company", and no suit, action, or other proceeding lawfully commenced by or against such corporation shall abate by reason of the enactment of this Act, but the court, on motion or supplemental petition filed at any time within twelve months after the date of such enactment, showing a necessity for the survival of such suit, action, or other proceeding to obtain a determination of the questions involved, may allow the same to be maintained by or against the Reconstruction Finance Corporation. 207 Restriction on use of name. 36 Stat. 1108, 1109. 59 Stat. 310. 15U.S.C.§606b note. Separability of pro- visions. Prior disbursement of funds on purchase of securities, etc. Extension of succes- sion of U. S. ('olmmer- cial Co. 54 Stat. 573, i1. 15 U. 8. o. §C06b (3). Transfer of assets etc., of The RFC Mortgage Co.