Page:United States Statutes at Large Volume 49 Part 1.djvu/2014

 74 TH CONGRESS. SESS. II. CHS. 832, 833. JUNE 26, 1936 . 1969 [CHAPTER 832 .] AN ACT June 26, 1936 . To amend section 23 of the Independent Offices Appropriation Act, 1935 . [S. 2712 .] [Public, No .817.1 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 23 Appped eni» Offices of the Independent Offices Appropriation Act, 1935, is amended by 19 35, a mendm ent. ment. adding at the end thereof the followin new paragraph "Where the adjust ment o f reg ular h ours of duty of employees of l justme tof hours subject to the provisions of the preceding paragraph requires the employees en ga ged in adjustment of regular hours of duty of any employee whose corn- whose the trades pay is fi t hose led s a fixed i pensation is fixed under the Classification Act of 1923, as amended, rider theClassification Act of 1923 . the aggregate weekly earnings of such employee whose compensa- Vol . . 42, p. 1488. tion is fixed under the Classification Act of 1923, as amended, for full-time service shall not be less by reason of such adjustment than his ag gregate weekly e arnings for full -time se rvice pr ior to M arch 28, 1934 . Full-time service within the meaning of this paragraph co Full-time a servic e shall not be less than forty hours per week . For the purposes of this paragraph, authority is hereby granted to adjust the hourly Adjusting hourly ra tes of compensation. rates of compensation of employees whose compensation is fixed under the Classification Act of 1923, as amended, to such extent as may be necessary to make the aggregate compensation for a forty- hour week equal to the compensation for a full-time week prior to March 28, 1934." SEC . 2. This Act shall take effect as of the 1st day of the first Effective date . calendar month following the date of its enactment . Approved, June 26, 1936 . [CH APTE R 833 .] AN ACT June 26, 1936 . To am end an Act ent it led "An Act to establish a uniform system of bankruptcy [S.3 841 .1 throughout the United States", approved Ju ly 1, 1898, and Ac ts amendatory [Public, No. 818 .] the reof and supp leme ntar y the reto . Be it enacted b y the Senate and House o f Representatives o f the United States o f America in Congress assembled' T hat sub sec tion Ba nkru ptcy Act of 1 898, amend ments . (e) of section 77 of the Act of July 1, 1898, entitled "An Act to Ante, pp. 918,965 . Corporate reorgani- establish a uniform system of bankruptcy throughout the United n a t i o n s. States", as amended, be, and is hereby, amended to read as follows "(e) Upon the certification of a plan by the Commission to the Notice to parties in int erest o f time within court, the court shall give due notice to all parties in interest of the which to file objections time within which such parties may file with the court their objec- to plan. tions to such plan, and such parties shall file, within such time as may be fi xed in said no tice, detaile d and specifi c objections i n writing to the plan and their claims for equitable treatment. The judge shall, Hearings. after notice in such manner as he may determine to the debtor, its trustee or trustees, stockholders, creditors, and the Commission, hear all parties in interest in support of, and in opposition to, such objet- Approval by court ; tions to the plan and such claims for equitable treatment. After requirements. such hearing, and without any hearing if no objections are filed, the Rights of creditors, judge shall approve the plan if satisfied that : (1) It complies with stockholders, etc. the provisio ns of subsecti on (b) of thi s section, is fair and equi table, affords due recognition to the rights of each class of creditors and stockh olders, does not discrim inate un fairly i n favor of any c lass of creditors or stockholders, and will conform to the requirements of the law of the land regarding the participation of the various classes of creditors and stockholders ; (2) the approximate amounts to be Amou nts to be paid. paid by' the debtor, or by any corporation or corporations acquiring 104019'-36	124