Page:United States Statutes at Large Volume 47 Part 1.djvu/36

 12 72d CONGRESS. SESS. I. CHS. 8, 9. JANUARY 22, 23, 1932. or other obligation, or draft, bill of exchange, mortgage, judgment, th Rec eivin g le be efit or decree thereof, or (3) with intent to defraud participates, shares, inte nt t o def raud, receives directly or indirectly any money, profit, property or benefit through any t ransac tion, loan, commis sion, c ontrac t, or any ot her (living unauthorized Set of the c orpora tion, or (4) gives any un author ized i nforma tion informati on, concerning any future action or plan of the corporation which might affect th e value o f securit ies, or, having su ch knowle dge, inve sts or speculates, directly or indirectly, in the securities or property of any company, bank , or c orpora tion r eceivi ng loan s or o ther a ssista nce from the corporation, shall be punished by a fine of not more than $10,000 or by imprisonment for not more than five years, or both . Exclusive poses of cor- (d) No individual, association partnership, or corporation shall poses sn . use the words " Recostruction Finance Corporation " or a combina- tion of these three words, as the name or a part thereof under which Punishmen t for vio- lation . he or it shall do business . Every individual, partnership, associa- tion, or corporation violating this prohibition shall be guilty of a misdemeanor and shall be punished by a fine of not exceed. ing $1,000 or imprisonment not exceeding one year, or both. Voi .35, pp .1103, 1109 . U.S .C.,p.475. (e) The provisions of sections 112, 113, 114, 115 116, and 117 of the Criminal Code of the United States (U . S . a., title 18, ch . 5, sions ext ended hereto . A exten a p, sees . 202 to 207, inclusive) in so far as applicable, are extended to apply to contracts or agreements with the corporation under this Act, which for the purposes hereof shall be held to include loans, advances, discounts, and rediscounts ; extensions and renewals the reo f ; an d acce ptance s, rel eases, and s ubstitu tions of sec urity therefor. reserved. amend, ate ., SEC. 17. The right to alter, amend, or repeal this Act is hereby v~sionsrofAc of pro- expressly reserved. If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invali date the remainder of this Xct, 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 rendered. Approved, January 22, 1932. January 23, 1932 . (11. R.6172.1 (Public, No. 3.j Federal Farm Loan Act, amendment. Vo1.39,p.365. U.S .C.,p.392. Retirement of orig- inal stock b y subscrip- tions . Vol.39,p. 365. U.S.C.,p. 302. Post, p. 36. Subscription for capi- tal stock by Uni ted Sta tes . Call provision. [CHAPTER 9.] AN ACT To amend the Federal Farm Loan Act, as a mended, to provide f or additional capital for Federal land banks, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States o f America in. Congress assembled, That section 5 of the Federal Farm Loan Act, as amended (U . S . C., title 12, eh . 7 sets. 691-697), is amended by inserting after the word " subscribed' ; in the sixth paragraph thereof the words "by national farm loan associations, by borrowers through agencies, and by borrowers through branch banks " . SEC . 2 . Section 5 of the Federal Farm Loan Act, as amended (U . S . C., title 12, eh. 7,, sees . 091-697), is further amended by adding at the end thereof a new paragraph as follows " It shall be the duty of the Secretary of the Treasury on behalf of the United States, upon the request of the board of directors of any Federal land bank made with the approval of the Federal Farm Loan Board, to subscribe from time to time for capital stock of such bank in an amount or amounts specified in such approval or approvals, such subscriptions to be subject to call in whole or in part by the bo ard of di rectors o f 'caid b ank upon thirty da ys' notic e with