Page:United States Statutes at Large Volume 47 Part 1.djvu/738

 714 72d CONGRESS. SESS. I. CH. 520 . JULY 21,1932. Loans to railroads No loan under this section shall be made to a railroad or to enbject to approval of

Interstate commerce a receiver of a railroad except on the approval of the Interstate co mmini on. Commerce Commission. Any railroad may obligate itself in such security . obligations form as sha ll be prescr ibed a nd oth erwise comply with the re quire- ments of the Interstate Commerce Commission and the corpora- tion w ith respe ct to the deposit or assign ment of s ecurity h ereunder, without the authorization or approval of any authority, State or Federal, and without compliance with any requirement, State or Federal, as to notification, other than such as may be imposed by the Interstate Commerce Commission and the corporation under the provisions of this section. van~moa~edn ad. SEC. 202. The last sentence of the second paragraph of section 5 Ante, p .7 . of th e Reco nstruc tion F inance Corpo ration Act is amend ed by strik- ing~ out " 5 " and inserting " 2% " in lieu thereof. Restriction on ea. SEC. 203. The second sentence of the third paragraph of section 5 ~Ant projects erp ltsremoved. of the Reconstruction Finance Corporation Act is hereby repealed. SEC. 204. Section 8 of the Reconstruction Finance Corporation Ante, P .S. Act is amended to read as follows Report,, records, etc., "SEC. 8. In order to enable the corporation to carry out the pro- available . visions of this Act and the Emergency Relief and Construction Act of 1 932, the Treas ury Depar tment, the Fed eral Farm Loan Boar d, the Comptroller of the Currency, the Federal Reserve Board, the Federal reserve banks, and the Interstate Commerce Commission are hereby autho rized, under such condit ions as they may pr escrib e, to make available to the corporation ; in confidence, such reports, rec- ords, or other information as they may have available relating to the condition of applicants with respect to whom the corporation has had or contemplates having transactions under either of such Acts, or Exami nation s . relating to individuals, associations, partnerships, corporations, or other obligors whose obligations are offered to or held by the corpora- tion as security for loans under either of such Acts, and to make, through their examiners or other employees for the confidential use of the corporation, examinations of applicants for loans. Eve ry applicant for a loan under either of such Acts shall, as a condition precedent thereto, consent to such examination as the corporation may require for the purposes of either of such Acts and that reports of examinations by constituted authorities may be furnished by such authoriti es to the corporat ion upon request t herefor ." ccrpor ation oblige . SEC. 205 . (a) The amount of notes, debentures, bonds, or other tiona. Issue increased . such obligations which the Reconstruction Finance Corporation is authorized and empowered under section 9 of the Reconstruction Ante, p. s. Finance Corporation Act to have outstanding at any one time is increased to an aggregate of six and three-fifths times its subscribed capital stock . Advances made to (b) The first proviso of section 2 of the Reconstruction Finance farmers . Corporation Act is amended by inserting after " as set out in section Arioricansadded, nte, it. b. 9 "1 the followin
 * " (as in force prior to the enactment of the

Emergen cy Rel ief an d Cons tructi on Act of 193 2)," b ut the Secre tary of Agriculture is directed to continue making loans to farmers under the provisions of such section 2 . Terr ito rie s, a, exten ded to SEc, 206. The Reconstruction Finance Corporation is authorized and empowered to make loans under the Re construction Finance Corporation Act to financial institutions, corporations, railroads, and other classes of borrowers specified in section 5 of such Act, organized under the laws of the District of Columbia, Alaska, Hawaii, and clu de Term "State T err itor ies ° et tc in- Puerto Rico . As used in this title and in section 15 of the Recon- , . struction Finance Corporation Act the term " State " includes the District of Columbia, Alaska, Hawaii, and Puerto Rico.