Page:United States Statutes at Large Volume 50 Part 1.djvu/743

 718 L ease, pending sale. Pr oviso. Purchases, etc. R. S. § 3709. 41U .S .C .§5. 46 Stat. 14. 12U.S.C.§1141d. R evol ving fu nd, designated funds covered into. "Debenture" and "debentures" defi ned. Separability provi- sion. Right to amend, etc. AN ACT Augus t 19, 1 937 [a. R. 79531 - To provide for studies and plans for the development of reclamation projects on [Public, No. 324] the Cimarron River in Cimarron County, Oklahoma ; the Washita River in Okla homa, and the N orth Canad ian R iver in Ok laho ma. Be it enacted by the Senate and House o f Representatives o f the United States o f America in Congress assembled, That the Secretary of the Interior is hereby authorized (a) to conduct surveys and inves- tigati ons in o rder to determin e the f easibili ty and e conomic usefuln ess of the development of reclamation projects embracing certain lands in the Washita River Basin in Oklahoma, and certain lands in the North Canadian River Basin in Oklahoma, and certain lands in the Cimarron River Basin, Cimarron County Oklahoma, and (b) if such develo pment is det ermine d to b e feas ible a nd eco nomica lly us e- ful, to prepare cost of estimates and designs for the construction of dams at such sites and such additional or incidental facilities as are necessary to carry out such development. SEc. 2. That any funds appropriated providing for surveys under the Reclamation Act may be used to carry out the provisions of this Act. Approved, August 19, 1937. Rec lamation proj- ects, Oklahoma. Surveys authorized for development of. Washita River Ba- s in. North Canadian River Basin. Cimarron River Ba- s in. Dams. Funds available. 75T H CONGRESS, 1 s T SESSION-CHS. 704, 705-AUGUST 19, 1937 United States on account of or as a result of any loans made from the revolving fund authorized by section 6 of this Act, as amended ; may lease any such property, pending its sale, on such terms and for such peri od, n ot in exce ss of five year s, as the Farm Credi t Administration may deem in the public interest ; and may incur and pay, from the said revolving fund, obligations and expenses for the oper ation, upkee p, mai ntenan ce, re pair, dispos ition, insur ance, and protection of any such property : Provided, That section 3709 of the Revised Statutes shall not be construed to apply to any purchase or service on account of such property ." SEC. 38. Section 6 of the Agricultural Marketing Act, as amended (U . S . C., 1934 edition, title 12, sec . 1141d), is further amended by adding at the end thereof the following : "Any and all funds derived from the sale, lease, operation, or other disposition of any property, real or per sonal, acqui red by the U nited States on ac count of or as a result of any loan made pursuant to the provisions of this Act, shall be covered into and become a part of said revolving fund ." SEC . 39. The terms "debenture" and "debentures", when used in any Act of Congress, whenever enacted, except the Federal Farm Loan Act, relating to the purchase, sale, or use as security, of debentures issued by or for the benefit and account of any Federal intermediate credit bank or banks, shall be deemed to mean deben- tures issued by any such bank individually and consolidated deben- tures issued by such banks acting together . SEc. 40. (a) If any provision of this Act, or the application thereof to any person or circumstances, is held invalid, the remainder of th e Act, and t he app licati on of such p rovisi ons to other perso ns or cir cumstan ces, sha ll not b e affec ted ther eby . (b) The right to alter, amend, or repeal this Act is hereby expressly reserved . Approved, August 19, 1937 . [CHAPTER 7051