63 STAT.] 81ST CONG. , 1ST SESS.-CHS. 743-745--OCT. 26 , 1949
of Hawaii, to issue general-obligation bonds in the sum of $1,200,000
to acquire, construct, reconstruct, improve, better, extend, and main-
tain projects or undertakings for the control of and protection against
flood and floodwaters, including the power to drain and rehabilitate
lands already flooded in the city of Honolulu.
SEc. 2. The bonds or obligations herein authorized to be issued
shall be coupon in form, shall bear interest at a rate not to exceed
5 per centum per annum, and shall mature serially over a period
of not to exceed thirty years, with or without the privilege of prior
redemption as the board of supervisors may by resolution determine.
If sold to the Government of the United States or any agency or
instrumentality thereof, said bonds or obligations may be sold at pri-
vate sale at not less than par and accrued interest to the date of such
sale. No election shall be necessary to authorize such bonds or
other obligations, which may bear such date or dates, may be payable
at such place or places, and may carry such registration privileges as
to either principal and interest or as to principal only as the treasurer
of said city and county of Honolulu, with the approval of the board
of supervisors thereof, may provide. Except where inconsistent with
the provisions of this Act, the provisions of chapter 117 of the Revised
Laws of Hawaii 1945 shall apply to bonds and other obligations used
under this Act. Such bonds may be issued without the approval of
the President of the United States.
SEC. 3. Act 273 of the Session Laws of Hawaii 1949, pertaining to
the issuance of flood-control bonds, as authorized by this Act, is
hereby ratified and confirmed subject to the provisions of this Act:
Provided, however, That nothing herein contained shall be deemed
to prohibit the amendment of such Territorial legislation by the Legis-
lature of the Territory of Hawaii from time to time to provide for
changes in the improvements authorized by such legislation and for
the disposition of unexpended moneys realized from the sale
of said bonds: Provided further, That the proceeds of the bond issues
hereby authorized shall be expended only for authorized public
improvements or for reduction of the debt unless otherwise approved
by the Congress.
Approved October 26, 1949.
[CHAPTER 7441
AN ACT
923
Form; Interest; ma-
turity.
Ratification and
confirmation.
Amendment.
Proceeds.
October 26, 1949
To provide for the furnishing of quarters at Thomasville, Georgia, for the United
[II. R.51911
States District Court for the Middle District of Georgia.
lPublic Law 4001
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, That, notwithstand-
ing the provisions of section 142 of title 28, United States Code, quarters
and accommodations for holding court for the United States District
Court for the Middle District of Georgia may be furnished in Thomas-
ville, Georgia, in any proposed Federal building construction project.
Approved October 26, 1949.
[CHAPTER 745]
ACT
AN ACT
To enable the Legislature of the Territory of Hawaii to authorize the city and
county of Honolulu, a municipal corporation, to issue bonds for the purpose of
defraying the city and county's share of the cost of public improvements con-
structed pursuant to improvement district proceedings.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled, That the Legis-
lature of the Territory of Hawaii, any provision of the Hawaiian
62 Stat. 898.
28 U. S. C., Supp.
n, 142.
October 26, 199
[H. R. 5459]
[Public Law 401]
Honolulu, Hawaii.
Public improvement
bonds.
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