Page:United States Statutes at Large Volume 42 Part 1.djvu/391

 SIXTY-SEVENTH CONGRESS. Sess. II. CHS. 47, 48. 1922. 363 CHAP. 47.-An Act To create a commission authorized under certain conditions F¤l>¤¤¤Y 9· 1922- to refund or convert obligations of foreign Governments held by the United States of America, and for other purposes. [Publ"' N°‘ ml Be it enacted by the Senate and H mcse of Representatives of the United _ States cj America in Congress assembled, 'l`hat a World War Foreign n:ni%gmVii¤i;si:>iilmg° Debt Commission is hereby created consisting of five members, one p0§{{’§},§§°,}}_ me °°”" of whom shall be the Secretary of the Treasury, who shall serve as Pwr. pa 609, 1093. chairman, and four of whom shall be appointed by the President, mi by and with the advice and consent of the IS0enate. A h d t Sec. 2. That, subject to the approval of the President, the com- am£te¤g;ii1i¤rxa°wiri} mission created by section 1 is hereiiy authorized to refrmd or convert, g‘§@§,“,§;}§,,,‘g‘ ,fg{,§‘§; and to extend the time of payment of the rincipal or the interest, United Smeé. or both, of any obliggltion of any foreign Gibvernment now held by the United States of erica, or any obhgation of any foreign Govem— ment hereafter received by the United tates of America (including obligations held b the nited States Grain Corporation, the War Department, the lgavy Department, or the American Relief Administration), arising out of the World War, into bonds or other obligations of such fore' Government in substitution for the bonds or other obligations (much Government now or hereafter held by the United States of America, in such form and of such terms, conditions, 'P¤r¤¤¤.¤¤·» date or dates of maturitygand rate or rates of interest, and with such security, if any, as shall deemed for the best interests of the United _ States of America: Provided, That nothingl contained in this Act §§,"'{,,‘·;,‘?{· and m,,_ shall be construed to authorize or empower the commission to extend ¤¤;_r¤s¢ri¤i'¤¤- the time of maturity of any such bonds or other obligations due the °"’ p' um United States of America any foreign Government beyond June 15, 1947, or to fix the rate oiinterest at less than 4} per .centum per _ annum: Provided further That when the bond or other obligation of ,{},‘§*’§{,‘i’ §$,,°°,§,? any such Government has been refunded or converted as herem b¤¤¤r¤r¤¤h£·1.¤w- provided, the authority of the commission over such refunded or converted bond or other obggation shall cease. Sec. 3. That this Act sh not be construed to authorize the ex- °,§‘g}’gg§,°,§’{,*{‘}§‘§$; change of bonds or other obligations of any foreign Government for engfuonmrzrbiadquéd those of any other foreign Government, or cance lation of any part °’"“°° r°°“" ' of such indebtedness except through ayment thereof. Sec. 4. That the authority granted y this Act shall cease and °,'f,j,’;*j;‘j£gf‘ °° °°d gejigerliiine at the end of three years from the date of the passage of ct. Sec. 5. That the annual report of this commission shall be included ·*¤'*°°"°P°‘°· in the Annual Report of the Secretary of the Treasury on the state of the finances, but said commission shall immediate y transmit_to ilmmedlztetransmlg- the Congress copies of an refundinghafreements entered into, with §§,'},,,:,‘§,,t,‘Z,¥§,gt{,°,Y,’,§;,,. the approval of the Presidyent, by eac oreign Government upon the °°- comp etion of the authority granted under this Act. Approved, February 9, 1922. onar. 4s.-Au Aa To Issaquah, mime, amiss, me quimuam all right, sas, F°°‘"i‘§Fi'ri5`ii}°”‘ and interest of the United States of America in and to all the lands contained within rruuuc, Ne. uc.] sections seventeen and twenty, township three south, range one west, Saint Stephens meridian, Alabama. Be it enacted the Senate and House o Re esentatives of the United. H States of Amerizgb, in Omtlagzss assembled; Tliiit the United States of fgiiiiiciiaeigiugiirtnng America hereby forever re quishes, releases, and quitclaims all right, §.,sig,2§,,d S.,c§.,°§, in title, and interest in and to all the lands now held under claim or A'°*’°m°· color of title by individual or private ownershitplptr municipal ownership and situated in the State of Alabama wi the boundaries of sections seventeen and twenty, township three south, range one west,