Page:United States Statutes at Large Volume 43 Part 1.djvu/159

 128 SIXTY-EIGHTH CONGRESS. Sess. I. Ch. 157. 1924. B¤¤kv*¢¤¤¤**%¤¢¤°*° h No a ment u on an note shall be made under this section izelxhceiigiggdiiethfei by(tlfe Dirgcgir to anly bankir unless the note when presented to him °”°·· ’°'1°°‘“· is accompanied by an aiiidavit made by an officer of the bank which made the loan, before a notary public or other officer designated for the purpose b regulation of the Director, and stating that such bank has not charged or collected, or attempted to charge orcollect, directly or indirectly, any fee or other compensation (except interest as authorized by this section) in respect of any loan made_ under P¤¤¤¤Y f¤¤ ¤¤#¤¤¤¢ this section by the bank to a veteran. Any bank which, or director, '°°’°°°` officer, or emplo ee thereof who, does so charge, collect, or attempt to charge or collvect any such fee or compensation, shall be liable to the veteran for a penalty of $100, to be recovered in a civil suit brought by the veteran. The Director shall upon request of any bank or veteran furnish a blank form for such aiiidavit. ,,Q“’f,‘}',§§§§§§Q§*?§: Sec. 503. No certificate issued or right conferred under the pro- 1>i<1&¤¤» ¤¤dv<>i¤- visions of this title shall, except as provided in section 502, be negotiable or assignable or serve as security for a loan. Any_negotiation, assignment, or loan made in violation of any_prov1sion of this section shall be held void. Ggeraditiggg ggcgtg Sec. 504. Any certificate issued under the provisions of this title Ewfn shall have printed upon its face the conditions and terms u on which it is issued and to which it is subject, including loan vaiiies under section 502. tié$;i-.Falpnsiemmoa- Anausrmn srmvron cmrr1r1cA·rs Fmm. ¤r¤¤¤<>¤ ¤f. in the Sec. 505. There is hereby created a fund in the Treasury of the ` United States to be known as “The Adjusted Service Certificate _A¤¤u¤1¤ppmpm· Fund ", hereinafter in this title called " fund ”. There is hereby “°“°‘ “““‘°"“°°’°" authorized to be appropriated for each calendar year (beginning with the calendar year 1925 and ending with the calendar year 1946) an amount sufficient as an annual premium to provide for the payment of the face value of each adjusted service certificate in Demmmmw 0, twenty years from its date or on the prior death of the veteran, ummm. such amount to be determined in accordance with accepted actuarial principles and based upon the American Experience Table of Morta ity and interest at 4 per centum per annum, compounded asijigfwnw *° b° “° annually. The amounts so appropriated shall be set aside in the · fund on the first day of the calen ar year for which appropriated. Iéi11:iH0rg225im2· The appropriation for the calendar year 1925 shall not be in excess "‘·""· · or $100,000,000. 1¤v¤¤¤m¤¤r¤H¤¤d¤- Sec. 506. The Secretary of the Treasury is authorized to invest and reinvest the moneys in the fund, or any art thereof, in interestbearin obligations of the United States andp to sell such obligations t 1¤=¤r¤¤=. etc-· addvd of thegUnited States for the apurposes of the fund. The interest on °° and the proceeds from the s e of any such obligations shall become a part of the fund. P¤v¤¤¤¤¢¤f¤>¤¤f·¤¤d- Sec. 507. All amounts in the fund shall be available for payment, by the Director, of adjusted service certificates upon their maturity =¢¤*·· v- 126- or the rior death of the veteran, and for payments under section 502 to banks on account of notes of veterans. D¤v¤¤¤¤¤tS- Trrnn VI.——PAl’MENTS ·ro VrETERAN`S DEPENDENTS. Order ofprefereuee. ORDER OF PREFERENCE. Oglfdggjgg Sec. 601: (a) If the yeteran has died before making application yetemn beam apply- under_section 302. or, if entitled to receive adjusted service pay, "",s§,§‘fpp_m’m2 has died after making application but before he has received payment under Title IV, then the amount of his adjusted service