Page:United States Statutes at Large Volume 40 Part 1.djvu/1029

 SIXTY-FIFTH CONGRESS. Ssss. II. Ch. 181. 1918. 1011 visions of this Act, all of which shall be credited to said appropriation, shall be used as a revolving fund for carrying out the objects of this Act, and for the purpose 0 making; all payments and disburse- Am mm ments, including just compensation un er section three, by this Act Provjsgj authorized: Prmnkfed, That no part of this appropriation shall be ex- Restriction. pended for the purposes described in the last preceding section: Pro- ·mkled_fw·ther, That a detailed report of all operations under this Act, C0‘§§,“,§'§l’ '°*’°" ‘° including all receipts and disbursements, shall be filed with the Secretargy of the Senate and Clerk of the House of Representatives on or be ore the twenty-fifth da of each month, covering the preceding _ month's operation. Any balance of said revolvin fund remainin D“"°°°'°""‘l°“°°‘ when the objects of this Act have been accomplished, shall, as coli lected, received, and on hand and available, covered into the Treasury as miscellaneous receipts. P Wm m to Sec. 7. That the President is authorized to exercise each, eve, or vsiiamaepaizlrimq any power and authority hereby vested in him, and to expenlfithe °€°“°‘°’·°‘°· moneys herein a propriated or provided for, or any part or parts thereof, by and tliirrplrgh such officer or officers, department or departments, board or be s, agent, agents, or agencies as he shall create Pa W. or designate, from time to time, for the purpose. He may fix the Y °°m°°°' reasona le compensation for the performance of such services, but no official or employee of the United States shall receive any addi- ' tional com ensatron for such services except as now permitted by ,, I law: Prmnkiid, That no person employed undier the provisions of this suuyime. Act shall be paid any salary or compensation in excess of that tpaid for similar or like services rendered m executive departments o the Government. _ Pun, ,,,,,,,8,, d Sec. 8. No person having a pecuniary interest m any transaction emsmmwen. in pursuance of this Act shall havelany official connection under this t Act with such transaction. Anylliperson violatingl this provision nmum ‘°"i°' shall forfeit to the Government proceeds whi he shall have received from such transaction, and upon due conviction of such violation shall be lined not exceeding $10,000 or imprisoned not exceeding ten years. 0 SEO. 9. That the President is authorized, if in his judgment such u¤ m°"` action be necemary or useful for the objects of this Act, to form one or more corpors;ti<i1ns Irgnderdtlée laws of any State, Ter·gtory, District, or possession o the United States, or the purpose carrymg` out the lpowers or any of the powers hereby authorized. The capital °°°°°°m°°"°°‘ stoc of an such corporation shall be such as the President may determine, lint the total capital stock for all corporations so formed shall not exceed in the aggre ate the appropriation of 850,000,000, gmk bm made by section six hereo . §id agmpdatron, or may part thereof by ¤,m.d"};t.t§°°" may be used b the President in su cn inglon beh o the United States, through such person or persons as e may designate, to the capital stock of such corporation or corporations, an the capital and assets of any such corporation or corporations, together wit all additions thereto under sections two and three hereof, may be used in 0 _ H _ carrying out the objects of this Act. The directorate and organiza- ;,,t{€°$",Qgi¤`I,'{,{}'°’°°° tion of such corporation or corporations shall be such as the President may prescribe, and such corporation or corporations shall have all suc charter powers as ma be deemed necessary or desirable by the President to enable it or tlirem to accomplish the objects of this Act. I I The capital stock of any such corporation or corporations shall be C°°°° ° °°°°*' held and voted for the exclusive benefit of the United States, through such person or persons as the President may designate. mmmm U M Sec. 10. Upon the proclamation of peace the President shall pmnmsum of pgaee. proceed as rapidly as possible to wind up and terminate all transactions under this Act, and to dispose as fast as practicable of all property acquired thereunder, and after said proclamation of peace