Page:United States Statutes at Large Volume 41 Part 1.djvu/967

 946 SIXTY-SIXTH CONGRESS. Sess. H. Ch. 235. 1920. Di_¤¤<>¤¤¤*}¤¤°° within the limitation of available appropriations or other Governi§iii$$ii;e§uiiiIi.1i$°zHp°` ment funds, until June 30, 1921, when, if it shall not have been specifically authorized by Congress before that date, such journal, magazine, Feriodical, or similar publication shall be discontinued. 19g)r=¤¤sp¤n¤=i¤¤ Act Sec. 5. aragraphs (a), (b), and (c) of section 210 of the Transpor- °j.4;.».», p. as amend- tat1o1gAct cg 19?0uapproved February 28, 1920, are hereby amended · soas orea as o ows: { mans to rail- "Sec. 210. (a) For the purpose of enabling carriers by railroad ~·¢>5’%¥i°3¥%€?t¤%€¤%¤“5¤ ii“..'A..°°g“££.“¥$.i§$§?f“§2.-ttm.mm°'%%£'€Ei§,"?£ii§m’*n“g 2§'Z‘Z.m‘h°,·np££2§ mm Ouaedmlcomw of Federal control, any such carrier may, at any time after the passage of this Act, an before the expiration of two ears after the termination of Federal control make application to the commission for a loan from the United States to meet its maturing indebtedness, or to provide itself with equipment or other additions and better- {lm etc meéits, ggttgiilg forth the gnggurit of thei lplim; thqgzerrgnj fgr gt ° "1S6Sl1'; eurposeo eoanan euse wc1 e Dmns *'°¤“*'°°‘· applied; the pregent and prospective ability of the applicant to repa the loan and meet the requirements of its obligations in that regarefg the character and value of the security offered; and the extent to Pjf;*§;‘PjlP,§,§{j£f°m‘ which the public convemence and necessity will be served. The application shall be accompanied by statements showing such facts · in detail as the commission may require with respect to the ph sical situation, ownership, capitalization, indebtedness, contract obligations, opgration, and earning power of the apphcant, together with such ot r facts relating to the propriety and expediency of granting the loan applied for, and the a ility of the applicant to make good_ the obligation as the commission may deem pertinent to the in. mg;;°§g°,Qgceg§,,§‘}§;  If the commission, after such hearing and investigation, mu, ea-. with or without notice, as it may direct, finds that the making, in whole or  gxartéfof the dproposed loan by the United Sltgtesla for ope or more 0 e oresai purposes, is necess to ena e the a i- E min po er  tplroperly  meet the transporpagon nzileiis of tl11¢E>ub1lic,Pd;nd NH3 —. gt; a epros eciveearnm were ea `can an ec arac er 3 eofsmmm and value ofp the security gvffgied are suchpgs to furnish reasonable assurance of the applicant’s ability to repay the loan within the time fixed therefor, and to meet its other obligations in connection _ with such loan the commission shall certify to the Secretary of ,_,,§,,_‘;’*;;’cf’*· *"”°· the Treasury its findings of such facts; also the amount of the loan ' which 1s_ to be made;_ the time, not exceeding fifteen years from the making thereof, within which it is to be repaid; the terms and __ conditions of the loan, including the securit to be `ven for repay- A"“">’ °°’°*’“’·“°°· ment; that the prospective earning power ofy the ap Uicant, together with_ the character and yalue of the security offered? furnish, in the opinion of the commission, reasonable assurance of the apphcant’s a ility to repay the loan within the time fixed therefor and reasonable luirgggggr J1;E_$e¢=¤r¤ prote-gcglon to the United Stages; and thzit the lgpplgplaxg.,  téie opin- 1ono e ecommission,1suna e o roviceitse wi the un snecessary for the aforesaid purposes frog other sources. migllggwggggncgfcicgg "(c) Upon receipt of such certiheate from the commission the C-my mimannezy ir Secretary of the Treasury shall immediately, or as soon as practi- of any funds 111 the revolving fund provided for in this section and accept the security prescribed therefor by the commission. All I¤¤¤r¤s=· such loans shall bear mterest at the rate of 6 per centum per annum, payable semiannually, to_ the Secretar of the Treasury, and to be sumti; pi rms- placed to the credit of said revolviigg fimd. The form of obligation “'i§,‘§§'§,°§"u;'§‘{,ff“,§§}·_, to be entered into shall be prescrib by the Secretary of the reas- E·§gg°¤q%;L*;§¤¤¤¤$ ury, but the tune, not exceeding fifteen years from the making thereof, within which such loan is to be repaid, the security which
 * "“°"°°"*"· cable, make a loan of the amount recommended in such certificate out