Page:United States Statutes at Large Volume 46 Part 1.djvu/294

 SEVENTY-FIRST CONGRESS. SEss. II. CHs. 207, 208 . 1930 . 251 of the appointment of a receiver for a national bank following discontinuance of its banking operations as provided in this section, the board of directors shall cause to be executed a certificate to the Com ptroller of the C urrency showing such red uction of capital stock and the amount repaid to such bank ." SEC . 2 . That the eighth paragraph of section 9 of the Federal vol m4oep 233 ,amend- Res erve Act as amend ed (Unit ed State s Code, title 12, section 327), ed. be amended and reenacted to read as follows : Pot, p '84'. 280 . "If at any time it shall appear to the Federal Reserve Board -Rights, etc ., may be forfeited for noncom- that a member bank has failed to comply with the provisions of phance herewith. this section or the regulations of the Federal Reserve Board made pursuant thereto, or has ceased to exercise banking functions without a receiver or liquidating agent having been appointed therefor, it shall be within the power of the board after hearing to require such bank to surrender its stock in the Federal reserve bank and to forfeit all rights and privileges of membership. The Federal Reserve i Restoration author- Board may restore membership upon due proof of compliance with the conditions imposed by this section ." Approved, April 23, 1930 . CHAP. 208 .-An Act To amend paragraph (11) of section 20 of the Inter- 	[H. Ap ril R. 23, 1930 . 3141 .] state C ommerce Act, as amended . [Public, No . 164 .1 Be it enacted by the Senate and House of Representatives of the United States o f Ame rica in Congres s assembled, That paragraph Interstate 6 9ecommerce. (11) of section 20 of the Interstate Commerce Act, as amended, is hereby amended to read as follows "(11) That any common carrier, railroad, or transportation com- Bills of lading to be issued by receiving car- pany subject to the provisions of this Act receiving property for rier. transportation from a point in one State or Territory or the District 44vp1'138, p mendedol of Columbia to a point in another State, Territory, District of Columbia, or from any point in the United States to a point in an adjacent foreign country shall issue a receipt or bill of lading there- for, and shall be liable to the lawful holder thereof for any loss, Liable to holder for damage, or injury to such property caused by it or by any common any loss, etc. car rier, ra ilroad, o r transp ortation company to which such pr operty may be delivered or over whose line or lines such property may pass within the United States or within an adjacent foreign country when transported on a through bill of lading, and n o contract, receipt, rule, regulation, or other limitation of any character whatsoever shall exempt such common carrier, railroad, or transportation company Not exempted by from the liability hereby imposed ; and an such common carrier, Li abi lit any bntry e for e. y full ac- railroad, or transportation company so receiving property for trans- tual loss, etc • portation from a point in one State, Territory, or the District of Columbia to a point in another State or Territory, or from a point in a State or Territory to a point in the District of Columbia, or from any point in the United States to a point in an adjacent foreign coun- try, or for transportation wholly within a Territory, or any common carrier, railroad, or transportation company delivering said property so received and transported shall be liable to the lawful holder of said receipt or bill of lading or to any party entitled to recover thereon, whether such receipt or bill of lading has been issued or not, for the full actual loss, damage, or injury to such property caused by it or by any such common carrier, railroad, or transportation company to which s uch property may be delivered or over whose line or lines such property may pass within the United States or within an adjacent foreign country when transported on a through bill of lading, notwithstanding any limitation of liability or limitation Limitations, etc., of the amount of recovery or representation'or agreement as to value void '

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