Page:United States Statutes at Large Volume 52.djvu/148

 52 STAvr.] 73T11 CONG., 3D SESS.-CHS. -1, 14 -MAR. 5, 8, 1938 SEC. 18. In any case filed or pending in said branch in which any party is entitled to demand a trial by jury and files such demand, the case shall be assigned to and tried in one of the regular branches of the court under the procedure provided for such trials. SEC. 19. Except as otherwise provided in this Act, or in the rules promulgated hereunder, a party obtaining a judgment in said branch shall be entitled to the same remedies, processes, costs, and benefits as are given or inure to other judgment creditors in said municipal court. SEC. 20. All Acts and parts of Acts inconsistent herewith are hereby repealed. SEC. 21. If any provision of this Act, or the application thereof to any person or circumstance, is held invalid, the remainder of the Act, and the application of such provisions to other persons or circumstances, shall not be affected thereby. SEC. 22. This Act shall take effect on the thirtieth day after the date of its enactment. Approved, March 5, 1938. [CHAPTER 44] AN ACT To maintain unimpaired the capital of the Commodity Credit Corporation at $100,000,000, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That as of the 31st of March in each year and as soon as possible thereafter, beginning with March 31, 1938 an appraisal of all the assets and liabilities of the Commodity Credit Corporation for the purpose of determining the net worth of the Commodity Credit Corporation shall be made by the Secretary of the Treasury. The value of assets shall, insofar as possible, be determined on the basis of market prices at the time of appraisal and a report of any such appraisal shall be submitted to the President as soon as possible after it has been made. In the event that any such appraisal shall establish that the net worth of the Commodity Credit Corporation is less than $100,000,000, the Sec- retary of the Treasury, on behalf of the United States, shall restore the amount of such capital impairment by a contribution to the Com- modity Credit Corporation in the amount of such impairment. To enable the Secretary of the Treasury to make such payment to the Commodity Credit Corporation, there is hereby authorized to be appropriated annually, commencing with the fiscal year 1938, out of any money in the Treasury not otherwise appropriated, an amount equal to any capital impairment found to exist by virtue of any appraisal as provided herein. SEC. 2. In the event that any appraisal pursuant to section 1 of this Act shall establish that the net worth of the Commodity Credit Corporation is in excess of $100,000,000, such excess shall, as soon as practicable after such appraisal, be deposited in the Treasury by the Commodity Credit Corporation and shall be credited to miscellaneous receipts. The Secretary of the Treasury is directed, as soon as prac- ticable, to use any amounts so deposited to retire an equivalent amount of the public debt, which amount shall be in addition to any other amount required to be used for such purpose. SEC. 3. The Secretary of Agriculture, the Governor of the Farm Credit Administration, and the Reconstruction Finance Corporation are hereby authorized and directed to transfer to the United States all right, title, and interest in and to the capital stock of the Com- modity Credit Corporation which each of them now holds. All rights of the United States arising out of the ownership of such capital 107 Trial by jury, pro- cedure when demanded. Party obtaining judgment; rights, ete. Inconsistent Acts, etc., repealed. Saving clause. Effective date. March 8, 1938 [H. R. 9361] [Public, No. 442] Commodity Credit Corporation, main- tenance of capital un- impaired. Annual determina- tion of net worth. Value of assets; re- port. Restoration of amount of capital impairment Annual approprial tions authorized. Pod, p. 1148. Use of excess to re- tire public debt. Transfer of certain stock to United States. Rights to be exer- cised by President, etc.

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