Page:United States Statutes at Large Volume 47 Part 1.djvu/1506

 1482 72d CONGRESS. SESS. II. CHS. 204-206 . MARCH 3, 1933 . .'R ailro ad co rpora - "( r) The term `railroad corporation' as us ed in this Act means lio n," c onstr ued. any common carrier by railroad engaged in the transportation of persons or property in interstate commerce, except a street, suburban or interurban electric ra il way which is not operated as a pa rt of a general railroad system of transportation or which do es not derive mo re th an 50 per centum of its operating revenues fr om the trans- port ation of f reigh t in stand ard s team railr oad f reigh t equ ipmen t. Clai ms fo r per sonal "( s) In proceedings under this section, claims for personal injuries inin riest o emp loyee s of a rai lroad corp orati on, and cl aims of pe rsona l Status o f. representatives of deceased employees of a railroad corporation ari sing under Stat e or Feder al la ws, s hall be pr eferr ed cl aims against the assets of such railroad corporation in receivership or in reorganization as herein provided, such claims to be subordinate on ly to costs of administration of su ch receivership or reorgani- zation ." Effective date of Act. SEC. 2. This Act shall take effect and be in force from and after the date of its approval, and sh all apply as fu lly to debtors, their stockholders and creditors, whose interest or debts, whether secured or unsecured, have been acquired or incurred prior to such date, as to debtors, their stockholders and creditors, whose interest or debts have been acquired or incurred after such date. Pr oceed ings under section 1 of this Act may be taken in proceedings in bankruptcy which are pending on the effective date of this Act, De po s it of bankrupt SEC. 3. In all bankruptcy proceedings the officers and agents in funds. charge of the bankrupt funds are authorized to deposit the sa me wit ho ut li mit as to amount in the postal sa vi ngs depositories at the pre scr ib ed interest rate in all cases whe re local banks are unable or unwilling to give the required security. Suc h dep osit or any por tion thereof may be withdrawn as required in the bankruptcy proceedings. A pprov ed, M arch 3, 1933 . [CHAP TER 205 .] AN ACT March 3, 1933. [e .2374.] To authorize and direct the Secretary of the Navy to convey by gift to the city [Public, No. 421 .] of Savannah, Georgia, the naval radio station, the buildings and apparatus, lo cated upon land owne d by said city. Be it ena ct ed by the Senate and House of Representatives of the Savan nah, Ga. United States o f America in Congress assembled, Th at if and wh en Naval conveyed ostation eradio radio ytcity. the naval radio station at Savannah, Georgia, is no longer required for n aval purpo ses, the S ecret ary of the Navy is a uthor ize and directed to convey by gift, to the city of Savannah, State of Georgia, the said naval radio station, which radio station is located on land No Federal eg. belonging to the city of Savannah, together with all the buildings and apparat us thereof ; but no expense shall be caused the United State s her eunde r. Approved, March 3, 1933 . [CHAPTER 206 .] AN ACT March 3, 1933. [S. 4082.]	To regulate the business of executing bonds for compensation in criminal cases [Public, No. 422.] and to improve the administration of justice in the District of Columbia. District of Col um- bia. Be it enacted by the Senate and Ho use of Representatives of the Bonds in criminal United Stat es of America in Congress assembled, That the words `us es Definiti , etc. ons. " bond ing b usine ss " as us ed in this Act mean the business of becom- ing surety for compensation upon bonds in criminal cases in the Distr ict of Col umbia , and the word "bond sman" mean s any pers on