Page:United States Statutes at Large Volume 45 Part 1.djvu/1612

 SEVENTIETH CONGRESS. SEss. II. Cns. 702, 703. 1929. 1561 ding. Such contracts shall be advertised for a reasonable time in Avertising, etc « some newspaper of general circulation published in the State in which the bridge is located and in the vicinity thereof shall be required and the contracts shall be awarded to the lowest responsible bidder. Verified copies or abstracts of all bids received and of the bid or bids accepted shall be promptly furnished to the Contract void for highway department of the State in which such bridge is located. A violations. failure to comply in good faith with the provisions of this section shall render null and void any contract made in violation thereof, and the Secretary of War may, after hearings, order the suspension of all work upon such bridge until the provisions of this section shall have been fully complied with. SEC. 7. The right to alter, amend or repeal this Act is hereby Amendmen t. expressly reserved. Approved, March 4, 1929. March 4, 1929. CHAP. 703 .-An Act To amend the World War Adjusted Compensation [H . R. 16395.1 Act, as a mended, by r educing the rates of inte rest on loan s made by th e Veterans' [Public, No. 1031 .] Bureau upon the security of adjusted service certificates, and for other purposes. Be it enacted by the Senate and House of Representativ es of th e United St ates o America in Congress assembled, That subdivision world war Adjusted f Compensation Act. (i) of section 502 of the World War Adjusted Compensation Act, Vol. 44, p. 1359, as amended, is amended to read as follows : amended. "(i) The Director of the United States Veterans' Bureau is author- Loan privileges . Use of life insurance ized, through such officers and at such regional offices, suboffices, and fund allowed for loans hospitals of the United States Veterans' Bureau as he may designate, on service certificates . and out of the United States Government life insurance fund estab- lished by section 17 of the World War Veterans' Act, 1924, as Vol. 43, p. 612. amended, to make loans to veterans upon their adjusted service cer- tificates in the same amounts and upon the same terms and condi- tions as are applicable in the case of loans made under this section by a bank, and the provisions of this section shall be applicable to such loans ; except that the rate of interest shall be 2 per centum per Rate of interest . annum more than the rate charged at the date of the loan for the discount of ninety-day commercial paper under section 13 of the vol.42, p.1479. Federal Reserve Act by the Federal reserve bank for the Federal reser ve dist rict i n which is loc ated t he regi onal of fice, suboffi ce, or hospital of the United States Veterans' Bureau at which the loan centot to exceed 6 per is made, but in no event shall the rate of interest exceed 0 per centum per annum ." SEC . 2 . Sec tion 705 of t he World War A djusted Compe nsation Act, e Vo1 .44,p .830,amena- as amended, is amended to read as follows " SEC. 705 . Whenever it appears to the director, by evidence clear cecficatest° ., ser vice and satisfactory to him, that any adjusted service certificate has, Provisions for issuing without bad faith upon the part of the person entitled to payment duplicates, etc' thereon, been lost or destroyed, and such adjusted service certificate is identified by number and description, he shall, under such regula- tions and with such restrictions as to time and retention for security or otherwise as he may prescribe, issue a duplicate thereof of like value in all respects to the original certificate and so marked as to show the original number of the certificate lost or destroyed and the Bond from law ful date thereof. The lawful holder of such certificate who makes appli- holder. cati on for a dupl icate s hall fi le in the Uni ted Sta tes Ve terans' Bureau a bond in a penal su m of the face value of such lost or destr oyed certificate, with two good and sufficient sureties, residents of the United States, to be approved by the director, with condition to indemni fy and save h armless the Un ited States f rom any claim upon
 * sealed bids

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