Page:United States Statutes at Large Volume 48 Part 1.djvu/907

 73d CONGRESS. SESS. II. CHS. 393, 394, 404 . J UNE 5, 6, 1934 . 881 ye ar of contin uous s ervice in su ch cap acity, be eli gible for pr omo- tion to positions of chief clerks in said division for satisfactory, efficient, and faithful service, under such regulations as the Post- master General shall prescribe ." Approved, June 5, 1934 . [CH AP TER 394 .] AN ACT June 5, 1994 . To ame nd the Act of C ongre ss ap prove d Jun e 7, 1924, comm only calle d the 	[H.R .8938 .] "San Carlos Act", and Acts supplementary thereto . [Public, No. 290 ] Be it enacted by the Senate and House of Representatives of the United States o f America in . Congress assembled, That the Act of Congress approved June 7, 1924 (43 Stat .L . 475, 476), commonly called the " San Carlos Act ", and Acts supplementary thereto, including the Act of Congress approved March 7, 192 8 (45 Stat .L. 210-212), and Acts supplementary thereto, be, and the same are hereby, amended so as to provide that the construction cost of the San Carlos project, including the cost of the power development at the Coo lidge Dam an d the transm ission line o r line s shal l be r epaid without interest, and that part thereof to be paid on account of the lands i n publ ic or privat e owne rship shall b e repa id in forty equal annual installments beginning on December 1, 1935, the date fixed by the public notice heretofore Issued by the Secretary of the Interior. The Secretary of the Interior, with the consent of the San Carlos Irrig ation and Drai nage Distr ict, is h ereby auth oriz ed to modi fy the existing repayment contract in accordance herewith. Approved, June 5, 1934. [CH AP TER 404 .] AN ACT To provide for the regulation of securities exchanges and of over-the-counter [H. Ju ne R. 6,x3231934 .] . markets operating in interstate and foreign commerce and through the mails, [Public, No. 291 .] to prevent inequitable and unfair practices on such exchanges and markets, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States o f America in Congress assembled, TITLE I-RE GULAT ION OF SECURITIES EXCHANGES SHORT TITLE S hort title. SECTION 1 . This Act may be cited as the " Securities Exchange Act of 1934." N ECESS ITY FOR RE GULAT ION AS PRO VIDED IN T HIS TITLE S an Ca rlos irrig ation project, Ariz. Vol. 43, p. 475; Vol. 45, p.212. Costs as to Indian lands to be repaid with- out interest. Amortization of pri- vately, etc ., owned lands in 40 annual in- stallments. Co ntrac t mod ified ac- cordingly. Securities Exchange Act of 1934. Ne cessi ty fo r reg ula- tion. SEC. 2. For the reasons hereinafter enumerated, transactions in Declaration of pur- securities as commonly conducted upon securities exchanges and poses and objects. over-the-counter markets are affected with a national public interest which makes it necessary to provide for regulation and control of such transactions and of practices and matters related thereto, including transactions by officers, directors, and principal security holders, to r equire appro priate repor ts, and to im pose r equire ments necessary to make such regulation and control reasonably complete and effective, in order to protect interstate commerce, the national credit, the Federal taxing power, to protect and make more effective 8663 7'-34--,6