Page:United States Statutes at Large Volume 50 Part 1.djvu/96

 75 TH CONGRESS, 1ST SESSION-CHS. 121 ,12 2-A PRI L 22, 19 37 ing and loan associations, installment lending companies, and other such financial instituti ons, heret ofore or h ereafter a pproved by the Admi nistrator as eligibl e for cred it insuran ce, agains t losses wh ich they may sustain as a result of loans and advances of credit, and purchases of obligations representing loans and advances of credit, made by them subsequent to the date this section takes effect and prior to July 1, 1939, or such earlier date as the. President may fix by proclamation upon his determination that the emergency no longer exists, for the purpose of financing, by the owners of real property or by lessees thereof under a lease for a period of not less than one year, the restoratio n, rehabil itation, r ebuilding, and replacement of improvements on such real property and equipment and machinery thereon which were damaged or destroyed by earth- quake, conflagration, tornado, cyclone, hurricane, flood, or other catastrophe in the years 1935, 1936, 1937, 1938, or 1939, either on the same site or on a new site in the same locality where the dam- ag ed or destr oyed prope rty w as lo cated. The Admi nistr ator is auth orized to grant insu rance unde r this sec tion, as a mended, to any such financial institution up to 20 per centum of the total amount of loans, advances of credit, and purchases made by such financial inst itution fo r such pur poses, and any insur ance reser ve accumula ted by any such financial institution under section 2 of this title shall be applicable to the payment of any losses sustained by it as a resu lt of loan s, advance s of credi t, or purc hases insu red under t his section ." SEC . 2 . The third sentence of subsection (a) of section 2 of the National Housing Act, as amended, is amended to read as follows "The total lia bility inc urred by t he Adminis trator for all insura nce heretofore and hereafter granted under this section and section 6, as amended, shall not exceed in the aggregate $100,000,000 ." Approved, April 22, 1937 . {CHAPTER 122] 71 Financing rehabili- tation of property damaged by catas- trophe during ye ars designated . Maximum amount . Limitation on lia . bility . 49 Stet. 1234. AN ACT April 22, 1937 For payment of compensation to persons serving as postmaster at third- and [H. R . 77] fourth-class post offices . [Public, No . 451 Be it enacted by the Senate and Ho use of R epr esen tat ives of the United States of Ame ri ca in Congress as sem bl ed, That t he proviso, following the appropriation for compensation to postmasters, con- tained in the Act approved March 1 . 1921 (41 Stat ., p. 1151; U. S. C., title 39, sec . 39), is hereby amended by adding after the words "unnecessary delay" at the end thereof the following : "A person who, upon the occurrence of a vacancy and pending the appointment of a postmaster or the designation of an acting postmaster, assumes and properly performs the duties of postmaster at any third- or fourth- class post office shall be. allowed compensation as postmaster for the period of such service : Provided, That the Comptroller General of the United States, in the settlement and adjustment of accounts and claims for compensation for service heretofore rendered, but subse- quent to June 30, 1930, is hereby authorized and directed to allow compensation as postmaster for service rendered under the circum- stanc es and con ditions her einbefore prescribed ." Approved, April 22, 1937 . Postmasters, third- or fourth-class post offices . Compensation for ad interim service . 41 Stat.1151. 39U.S.C.§39. Proviso . Payment for serv- ice rendered since June 1930.