63 STAT.]
81ST CONG. , IST SESS.-CHS. 48 , 49-APR. 6 , 1949
"Done at the City
day of October, 1948.
of Santa Fe, State of New Mexico, this 11th
[sgd] Charles A. Carson
CHARLES A. CARSON
Commissioner for the State of Arizona
[sgd] Clifford H. Stone
CLUETORD H. STONE
Commissioner for the State of Colorado
[sgd] Fred E. Wilson
FRED E. WILSON
Commissioner for the State of New Mexico
[sgd] Edward H. Watson
EDWARD H. WATSON
Commissioner for the State of Utah
[sgd] L. C. Bishop
L. C. BISHOP
Commissioner for the State of Wyoming
[sgd] Grover A. Giles
GROVB A. GrF-s
"Approved:
"[sgd] Harry W. Bashore
HARRY W. BASHORE
Representative of the United States of America."
Approved April 6, 1949.
Secretary
[CHAPTER 49]
AN ACT
To abolish the Regional Agricultural Credit Corporation of Washington, District
of Columbia, and transfer its functions to the Secretary of Agriculture, to
authorize the Secretary of Agriculture to make disaster loans, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, That (a) there are
hereby transferred to the Secretary of Agriculture (hereinafter
referred to as the Secretary) all the functions of the Regional Agri-
cultural Credit Corporation of Washington, District of Columbia,
including but not limited to functions with respect to-
(1) loans to bona fide fur farmers as provided for in the last
proviso in the paragraph headed "Regional Agricultural Credit
Corporation of Washington, District of Columbia", in title II of
the Government Corporations Appropriation Act, 1949 (Public
Law 860, Eightieth Congress);
(2) loans under authorization by the Secretary for the Regional
Agricultural Credit Corporation of Washington, District of
Columbia, to reenter an area or region where a production disaster
has occurred, as provided for in the proviso in section 2 of the
Department of Agriculture Appropriation Act, 1949 (Public
Law 712, Eightieth Congress) ; and
(3) the liquidation of all other loans heretofore made by the
Regional Agricultural Credit Corporation of Washington, Dis-
trict of Columbia, and of all assets, contracts, property, claims,
rights, and liabilities relating thereto.
(b) There are hereby transferred to the Secretary the functions of
the Farm Credit Administration and the Governor thereof with
respect to the Regional Agricultural Credit Corporation of Washing-
ton, District of Columbia.
(c) The Regional Agricultural Credit Corporation of Washington,
District of Columbia, is hereby dissolved. The Secretary of the Treas-
ury shall cancel the outstanding certificates of stock of the Corporation.
April 6, 1949
i[. R . 2101]
[Public Law 38]
Regional Agricul-
tural Credit Corpora-
tion6 Washington,
Transfer of func-
tlons.
62 Stat. 1192.
62 Stat. 529.
Farm Credit Ad-
ministration.
Dissolution.
43
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