Page:United States Statutes at Large Volume 44 Part 1.djvu/1044

 § 803 ° x Tzrm J1.—MONE governments acquired on behalf of the United States under authority of this section, and said paragraph "a" bf section 7 of the Act ef, March 3, 1919 (chapter 100, Fortieth Statutes, {age 1312); aud,. with the approval of the President, to sell any of such tibligations (but not at less than par with accrued interest unless otherwise here·:1fter_ provided by law), and to apply the proceeds thereof, and any payments so received from foreign governments 011 account of the principal pf- such obligatious, to the redemption'0r·purcBase, at not more than pm: and aecruetl interest,. of any bends of the United Statesdssued mzder the authority of the First Liberty ;B0nd Act or section 752 of this title, and if such bonds can not be so redeemed or purchased, the_Secretary of the Tyeasupy shall redeem or pur-‘ _cl;ase, any other outstanding ·iIlt€I'CSt-lt}E&flHg pbligatiohs of the United States whichy may at such tiiue be subjectlto ree demption or which can be purchased at not more than -pa1· and accrued interest. (Mar. 3, 1919, c. -100, §" 7, 40 Stat. -1312.) ` 803. Maturity of obligations of foreign go¢etnments.—Ex; cept as otherwise provided in sections 805 ·t0‘ 809 of this title, the ebligzztiens of foreign governments acquired by the Secretary of the Treasury by virtue of the prov-ieioxis of the First Lil>erty`B0ud Act (April 24, 1917, chapter 4, Fm·t{etl1_·Statutes, page 35), and the Second Liberty BQnd‘Act· Y( September 24, 1917, chapter 56, `Fertieth Sttitutes, page 288), and. amendmeme aud? supplements thereto, shall mature at such dates as shall be determizied by the Secret;1ry of the '1‘reas=11ry.:° Pm-‘ vided, That:`sucl1` obligiatilms acquired b_y‘ virtue of the pmt evisieus: of the First Liberty Bond Act, or. tln·ou;E;h the conversien of short-time olvligatidné :1tequired under such-Act, shall mature mat later than June 15, 1947, and all other such obligatjmns- of f< >rei;.·;u governments `slnztll 'mature not later tha;) , Oetulaer 15, 1938. "·(Mar. 3, 1919,:0. {G0, § 8,/40 Stat. 1313.) · 804. Paym_e11fbefere maturity or sale cf. Obligations bf foreign g0ve1‘¤ments.—Except· as otherwise prpxjidedl in seqtimns 805‘te·  of this title, the Secretary of the '1`reasury, under su. 11 terms and etmditloxis as he`1;1ay preserilw, is- authorized t0`k<*eive on .01* before. maturity payment. for aHy obligations of foreign governments purel;ased' 0n` behalf of the United States, under the First Liberty Bond Abt (April 2-1, 1917, chapter 4, I•"ertiet*l1‘.titatutes, p:1ge.35),‘:md»t0 sell at not less than the purchase pri_ée any of sgjuell obligations and ta apply the pmceegzls thereof, and any payments made `by· foreign governments on aeccuntbf their said obligations to the redemption or p11r<:haee`af1wt more than par and accrued ine . terezsst of aaofbende of the United States issued u1_1der~autll0r— ity of such Acf; aud if such lqtmds are not available for this ‘ purpem the Secretary of the ’Treasur*y‘ shall redeem or eur- éhase any other eutstazndiug interest—l:•eax‘ing bbllgatlens of the United States Which may at such time be subject to call or whieh may he pumhased at hut more than par and accrued interest. _ (Apr. ,24,° 1917, 4:.*4, 5,3, '40· Stat. 35.) _ _ · tMON0 See Title 15, COMMERCE AND `nseurcacmé $eé Titlel46, Sfi11>P1x0. See Title 46, Sunvtuxe. I MUNINO! See Title fit), .W.aiz. __ ` _ NAM See Title 2§1,· Yuen .x:-:;u butte ·NA.TlONAL•AGE*lCUQTUKj Bee Title 12, Bagints Attn Blu
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VY AND FINANCE Illfitil Q i ‘ 805. World Warn Foreign Debt Commission; members; ap. pointment.-——A ’World War Foreign Debt Commission is create; Consisting of eight members, one of whom shall be the Serra- `tary of the '1‘reasury who shall serve: as chairman, and stew, of whom shall be appointedby the President, by and with.t;,,. advice and consent of"the· Senate. Not more than four members so appointed shall be from the same political party. tl·`.·é». 9, 1922, c. 47, § 1, 42 Stat. 363; Feb. 28,1923, c; 146. § 2. ..,2; sun.1s2e..)· _ . -. . ¤ 806; `Powers of commission as to refunding, conversion, 0,-_ extensionpfltime of payment of obligations of foreign governments.—%Subject to theapproval of the President, the .t·onmti.e- sion created by section 805 of this title is authorized to refined - or conyert, and to extend the time of payment of the principle or' the interest, or_both, °of_ any obligation of any foreiun government held on, February 9, 1922, by the Uni/ted `Statos of America, or any obligation of any foreign governnient thereafter or hereafter received by the United States of Answica (including obligations held by the lluited `States (irate · Corporation, the War`_Depart_ment, the· Navy Department, or · the American'Re"lief Administration), arising out of, the World War, into bonds or otlnerobligations of such foreign `goret·n-· `ment in_1suhstitutfon for the bonds. or, other obligations ui such goyernment held. on February 9, 1922[or thereafter or hereafter by the United. States of America. in such form .and_ _ of such terms, conditions, date or dates of maturity,. and. rate I or rates of interest, and with such security. if any. as shall be deemed foL the best interests of the.l'nited States of t America. ’·( Feb. 9, 1922, c. 47, § 2, 42 Stat. 363; Febl 28, watt, I. c."146,·§ 1, 42 Stat. 1325.) · · . . t. 807. Exchange ‘of bo.ntls` or obligations or cancellation of obligationsxot autho·rized.——Sections_ `805 to. RHS of this title_ ‘sh_all‘ not beconstrued to authorize the exchange of bonds or other obligations of anyforeign government for those of any other foreign govern_ineutQ or cancellation ofany part of ‘sm·h hindebteduess- except through payment thereof. (1`eb. 9, 1922. . e. 47,  3, 42 Stat. 363.) `_ . _ l . ` ` 808. Termination of authority .granted.———The authority -· ghtltited by sections 805_ to 809 of this title shall cease and determine on February 9, 1927. (Feb. 9, ·1922, c. 47, 5 4, 42 Stat. 363; Jan. 21, 1925, c. 86, 43 Stat. 768.) C ‘ · 809.. Annual" report dL.commission; copies. of refunding agreetncntffor Congreas.—=—eThe annual  eonuuisy sion shall be included ln the. annual report of the Secretary _. _ of the _T.reasury on the stateiof the finances, but said emnniisi sion shall. immediately tra_nsxnit_to the Congress copies of any refunding agreements entered into, with the approval of the President, by each foreign governmenf upon the completion not the authority granted under · the provisions of sections 805 to 809 of this title. _(l•`eb. 9,.192, c. 47, § 5, 4,2 Stat. zl’0LIES '1‘a.ans. l OF VESSELS L BOA'l`S_ WS. PLANTS . ZOTICS as; Tltte 26,`·I·x·rsas.u. Rtzvnxtkn. LL caaurr conronarions i stains. n