Page:United States Statutes at Large Volume 50 Part 1.djvu/44

 i 7:rrx CONGRESS, 1sT SESSION-CHS. 9--11-FEBRUARY 9, 11, 12, 1937 for the payment of interest, but where interest was subsequently o rdere d by the Unite d St ates Dist rict Court for the Sout hern Dis- trict of NVew York, as certified to the Seventy-fifth Congress in H ouse Docu ment Num bere d 11 1, u nder the Depa rtme nt of La bor, $551 .42 . SEC. 10 . This Act may be cited as the First Deficiency Appropria- tion Act, fiscal year 1937. Approved, February 9, 1937. [CHAPTER 11] JOINT RESOLUTION Authorizing the President to invite the Pan American Republics and the Do- minion of Canada to participate in the proposed Greater Texas and Pan American Exposition. Resolved by the Senate and House o f Re presen tatives of the United States of America in Congress assembled, That the President of the Unit ed S tates is autho rized and requ este d, by pro clama tion or in such manner as lie may deem proper, to invite the Pan Ameri- can Republics and the Dominion of Canada to participate in the proposed Greater Texas and Pan American Exposition, to be held in the city of Dallas in the State of Texas during the year 1937. Approved, February 12, 1937. Citation of Act. February 12, 1937 [S.J. Res.201 [Pub. Res., No. 5] 19 [CHAPTER 101 AN ACT February 11, 1937 To provide for loans made necessary by floods or other catastrophes in the 	18.1239] year 1937. [Public, No.51 Be it enacted by the Senate and Douse of Representatives of the United States o f America in Congress assembled, That there is hereby created a Disaster Loan Corporation with nonassessable capital stock in an amount not to exceed $20,000,000 . The Reconstruction Finance Corporation is authorized and directed to subscribe for such stock and to make payment therefor from time to time as called, out of the u nexpe nded bal ance of the $50,000,000 which the Reconstruction Finance Corporation was authorized to lend for catastrophe relief by section 1 of the Act of April 17, 1936 (Public, Numbered 525, Seventy- fourth Congress). Such Disaster Loan Corporation shall be managed by officers and agents to be appointed by the Reconstruction Finance Corporation under such rules and regulations as its board of directors may prescribe. Such Disaster Loan Corporation shall be empowered to make, upon such terms and conditions and in such manner as it may prescribe, such loans as it may determine to be necessary or appropriate because of floods or other catastrophes in the year 1937. Such Disaster Loan Corporation may use all its assets, including capital and net earnings therefrom, in the exercise of its functions. The Disaster Loan Corporation shall have succession until dis- solved by Act of Congress; shall have power to sue and be sued in any court, to adopt and use a corporate seal, to make contracts, and to acquire, bold, and dispose of real and personal property neces- sary and incident to the conduct of its business; and shall have such other powers as may be necessary and incident to carrying out its powers and duties under this Act. Approved, February 11, 1937. Disaster Loan Cor- poration; es tabli sh- ment, capital stock, etc. Subscription by Re- construction Finance Corporation. 49 Stat. 1232 . 15U.S.C.,Supp. II, § 605k . Man ageme nt. Loa ns a uth ori zed for flood, etc ., relief. Post, p. 211 . Corporate powers. Greater Texas and Pan American Ex- position. President author- ized to invite certain countr ies to partici - pate. Post , P. 55.