Page:United States Statutes at Large Volume 47 Part 1.djvu/1592

 1568 Pro sec utio n for ma- liciously making or re- peating. Fr00i80. Truth of stat ement, a comp lete def ense. No nmem ber banks. Restr ictions. Vol. 38.p. 272 Vol. 40, pp . 24 0,970 Vol. 44, p. 1232. R. S ., sees. 5208, 5209, p. 1007. U.S. C., p. 284, 288, 291, 292; Supp . VI, p. 14 0. Amen dment. Separability provi- sions. March 4, 19 33 .	[H. R. 0884.] [Public, No. 435.] Timber sales, Indian lands. Terms of existing contracts may be modi- fied with consent of Indian s. Vol .36,p. 857; VOL 48, p.311. Frovisos. Reduction below ba- sic price. Conditions of opera- tion. Provision for increas- ing stumpage prices. Consent of Klamath Co unc il to s ale of its timber. Existing contracts be- tween individual allot- tees, etc., may be modi - fied. 72d CONG RESS. SESS. II. CAS. 274, 275. MARCH 4, 1933 . any other person any false statement imputing insolvency or un- sound finan cial c onditi on to any b ank, t rust c ompany, or buildi ng and loan association in the District of Columbia, or tending to cause a general withdrawal of deposits or funds from any such institution, shall, upon conviction thereof, be fined not more than $5,000 or imprisoned not more than five years, or both Provided, That the truth of said statement, established by the maker thereof, shall be a complete defense in any prosecution under the provisions of,this - Act. SEC. 8 . All acts prohibited by the provisions of sections 5208 ; and 5209 of the Revised Statutes, as amended, and section 22 of the Fed- eral Reserve Act, as amended, in the case of Federal reserve banks or member banks thereof, or of directors, officers, or employees of such banks, are likewise prohibited, respectively, in the case of banks in the District of Columbia which are npt members of a Federal reserve bank, or of directors, officers, or employees of such banks, and shall be punishable by the respective penalties provided in such section. j SEC. 9. The right to alter, amend, or repeal this Act is hereby ex- pressly reserved. If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent urisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rend ered. Approved, March 4, 1933. [CHAPTER 275.] AN ACT To authorize the Secretary of the Interior to modify the terms of existing con- tracts for the sale of timber on Indian land when it is in the interest of the Indians so to do. Be it enacted by the Senate and House of Representatives of the United States o f America in Congress assembled, That the Secretary of the Interior, with the consent of the Indians involved, expressed through a regularly called general council, and of the purchasers, is hereby authorized and directed to modify the terms of now exist- ing and uncompleted contracts of sale of Indian tribal timber Provided, That the prices are not reduced below the basic sale prices Provided further, That any such modifications shall be upon the express condition that said purchaser shall forthwith proceed ' to operate under all the terms of said contract as modified or suffer forfeiture of such contract and collection upon his bond : And pro- vided further, that any modification of said contracts shall stipulate that in the event of sufficiently improved economic conditions the Secretary of the Interior with the consent of the said general council is authorized and directed, after consultation with the purchasers and the Indians involved and after ninety days' notice to them, to increase stumpage prices of timber reduced in any such modified contract : And provided further, That hereafter no contract of sale of Indian timber on the Klamath Indian Reservation in Oregon shall be entered into without the consent of the said general council. SEC. 2 . The Secretary of the Interior may modify existing con- tracts between individual Indian allottees or their heirs and pur- chasers of their timber, under the terms and requirements of section 1 of this Act, with the consent of the allottee or his heirs.