Page:United States Statutes at Large Volume 63 Part 1.djvu/81

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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