Page:United States Statutes at Large Volume 49 Part 1.djvu/1198

 74TH CONGRESS. SESS. II. CHS. 106, 111. February 29, 1936. 1153 SEC. 2 . There are hereby added to said joint resolution two new sections, t o be known as sec tions 1a and lb, reading as follow s : "SEC . 1a . Whenever the President shall have issued his proclama- Fi nanc ial tran sac- h ti on . with belligerent tion as provided for in section 1 of this Ac t, it shall thereafter dur- governments . ing the period of the war be unlawful for any person within the United States to purchase, sell, or exchange bonds, securities, or other obligations of the government of any belligerent country, or of any political subdivision thereof, or of any person acting for or on behalf of s uch government, i ssued after the d ate of such procl ama- tion, or to make any loan or extend any credi t to any such gov ern- ment or person : Provided, That if the President shall find that such Discretionary exemp- action will serve to protect the commercial or other interests of the tion of ordinary com- mercial credits, etc . United States or its nationals, he may, in his discretion, and to such extent and unde r such regulation as' he may presc ribe, except from the operation of this section ordinary commercial credits and short- time obligations in aid of legal transactions and of a character cus- tomarily used in normal peace-time commercial transactions. "The provisions of this section shall not apply to a renewal or Existing obligations . adjustment of such indebtedness as may exist on the date of the President's proclamation . "Whoever shall violate the provisions of this section or of any Penalty provision. regulations issued hereunder shall, upon conviction thereof, be fined not more than $50,000 or imprisoned for not more than five years, or both. Should the violation be by a corporation, organization, or association, each officer or agent thereof participating in the violation may be liable to the penalty herein prescribed. "When the President shall have revoked his proclamation as pro- Provisions, etc ., in- applicable on re'oca- vided for in section 1 of this Act, the provisions of this section and tion of proclamation . of any regulations issued by the President hereunder shall thereupon cease to apply . "SEc. lb. This Act shall not apply to an American republic or Exemption. republics engaged in war against a non-American state or states, provided the Americ an republ ic is not cooperati ng with a non- American state or states in such war ." SEC. 3 . Section 9 of said joint resolution is amended to read as Ante, p. 1085. follows "There is hereby authorized to be appropriated from time to time, tho rized priations a . out of any money in the Treasury not otherwise appropriated, such Post, p. 1315 . am ounts as may be n ecessary to carry out the provisio ns and accom- plish the purposes of this Act ." Approved, February 29, 1936 . [CHAPTER 111 .1 AN ACT March 2, 1936. To provide for enforcing the lien of the District of Columbia upon real estate	 [ S . 303 5 .]	bid off in its name when offered for sale for arrears of taxes and assessments, [Public, No. 462.] and f or other purposes . Be it enacted by the Senate and House o f Representatives o f the United States o America in Congress ress assembled, That whenever any Lien, District on realumbial f l estate real est ate in the District of Columbia has been, or shall hereafter be, fo r unpaid taxes ; e n- offered for sale for nonpayment of taxes or assessments of any kind f•rcement" whatsoever, and shall have been bid off in the name of the District of Col umbia, and more t han two years sha ll have elapsed s ince such property was bid off as aforesaid and the same has not been redeemed as provided by law, the Commissioners of said District may, in the name of the District aforesaid, petition the Supreme Court of the District of Columbia, sitting in equity, to enforce the lien of said District for taxes or other assessments on the aforesaid 104019'-36-73