Page:United States Statutes at Large Volume 48 Part 1.djvu/334

 308 Position abolished. Clas sific atio n Act of 1923. Vol. 42, p. 148 9 Vol.45,p. 785 . 46, p.1003. U.S.C .,p.65; Supp. VI, p.31. Adjustment of field ser vic e pay . Rate of pay when re- classification of position to lower grade. Po st off ice, Lo ng Beach, Calif. Modificatio n of con- struction contract au- thorized. Reli ef f or ea rthq uake dam ages. Sums avai lable. No profit to be al- lowed . Emergency Fa rm Mortgage Act of 1933. Ante, p. 49, amended. Lo ans to drainage districts, etc ., by Re- construction F inanc e Cor pora tion aut hor - ized. Aggregate amount . Pur pose to reduc e, etc ., outstanding in- debtedness. Terms and condi- tions. Vol.47,p.6. Security required. Agreement respect- ing bond issues. Repayment. 73d CONGR ESS. SESS. I. CH. 101 . JUNE 16, 1933. Attorneys Ge neral and sha ll perform su ch additional duties as may be required of him by the Attorney General . (b) One of the existing positions of Assistant Attorney General is hereby abolished. SEC. 1 7. That section 3 of the Act of Con gress approve d May 28, 1928, ent itled "An Act to amend the salary rates contained in t he compensation schedules of the Act of March 4, 1923, entitled '4n Act to provide for the classification of civilian positions within the District of Columbia and in the field services "', as amended by the Act of July 3, 1930, be further amended by adding thereto the fol- lowing : "Provided, That in all cases where, since December 6, 1924 . in such adjustment the position occupied by an employee has been or shall be allocated to a grade with a maximum salary below the sal- ary received by the incumbent, the rate of pay fixed for such position prior to such allocation may be paid after the date of the enactment of this Act so long as the position is held by the incumbent occupying it at the time of such allocation and the Comptroller General of the United States is authorized and directed to allow credit in disbursing officers' accounts for all payments heretofore made at such higher rates ." SEC. 18 . The Secretary of the Treasury is hereby authorized to effect a modification of the contract for the construction of the Long Beach (Ca lifornia) Post Office, so a s to afford s uch relief as he deems to be proper for losses caused the contractor for restoration of damages to the building occasioned by the earthquake of March 10, 1933, and to make such structural and other changes in the build- ing as may be necessary to minimize a recurrence of earthquake dam- age to the building : Provided, That the present appropriation for the Long Beach project shall be avai lable for the purposes name d, and that any additional cost incurred by reason of the above shall not exceed the present limit of cost : Provided further, That the con- tractor shall not be allowed any profit in connection with the restora- tion of such earthquake damages. SEC. 19 . S ection 36 of the " Emergency Farm Mort gage Act o f 1933", approved May 12, 1933, is hereby amended to read as follows " SEC . 36 . The Reconstruction Finance Corporation is authorized and emp owered to mak e loans as her einafter prov ided, in an ag gre- gate amount not exceeding $50,000,000 to or for the benefit of drainage districts, levee districts, levee and drainage districts, irrigation dis- tricts, and similar districts duly organized under the laws of any State, and to or for the benefit of political subdivisions of States, which prior to the date of enactment of this Act have completed proj- ects de voted chiefly to the improv ement of land s for agricult ural purposes . Such loans shall be made for the purpose of enabling any such district or political subdivision (hereafter referred to as the "borrower ") to reduce and refinance its outstanding indebtedness incurred in connection with any such projects, and shall be subject to the same terms and conditions as loans made under section 5 of th e Reconstruct ion Finance Co rporation Act, as amended ; exce pt that (1) the term of any such loan shall not exceed forty years ; (2) each such loan shall be secured by bonds, notes, or other obligations which are a lien on the real property within the project or on the asses sments, taxes, or other cha rges imposed by the borrow er pur- suant to State law, or by such other collateral as may be acceptable to the Corporation ; (3) the borrower shall agree not to issue during the term of the loan any other bonds so secured except with the consent of the Corporation ; (4) the borrower shall agree, insofar as it lawfully may, to pay to the Corporation, until all bonds or other obligations of the borrower acquired by the Corporation are retired, an amount equal to the amount by which the assessments, taxes, and other charges collected by the borrower exceed the cost of operation
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