Page:United States Statutes at Large Volume 54 Part 1.djvu/606

 PUBLIC LAWS-CHS. 426, 427-JUNE 25, 1940 insignia or any colorable imitation thereof, or the reproduction thereof for commercial purposes, of any veterans' organization incor- porated by Act of Congress, or the printing, lithographing, engrav- ing or other like reproduction on any poster, circular, periodical, magazine, newspaper, or other publication, or the circulation or dis- tribution of any such printed matter bearing a reproduction of such badge, medal, emblem, or other insignia or any colorable imitation thereof, of any such veterans' organization, is prohibited except when authorized under such rules and regulations as may be prescribed by such organization so incorporated. Any person who knowingly offends against any provision of this Act shall on conviction be pun- ished by a fine not exceeding $250 or by imprisonment not exceeding six months, or by both such fine and imprisonment. Approved, June 25, 1940. [CHAPTER 427] June 25,1940 [H. R. 99581 [Public, No. 664] National banking system. 48 Stat6. Purchase by R.F .C. of U. S. owned Fed- eral home-loan bank stock. Conditions under which held. Reconstruction Fi- nance Corporation Act, amendments. 47 Stat. 5. 15 U.S. C ., Supp. V, I002. Partla I retirement of capital stock, etc. Increase of outstand- ing obligations author- ized. 12U. S.C., Supp. V, 51d. Supra. Retirement of cap- ital stock; dividends. Purchase of stock of Federal home-loan banks. AN ACT To authorize the purchase by the Reconstruction Finance Corporation of stock of Federal home-loan banks; to amend the Reconstruction Finance Corporation Act, as amended, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 304 of the Act entitled "An Act to provide relief in the existing national emergency in banking, and for other purposes", approved March 9, 1933, as amended (U. S . C., 1934 edition, title 12, sec. 51d; Supp. V, title 12, sec. 51d), is hereby amended by adding at the end thereof the following new paragraph: "The Reconstruction Finance Corporation is authorized to pur- chase at par any part of the stock of any Federal home-loan bank owned by the United States, as evidenced by certificates, receipts, or otherwise, in amounts to be determined by the Corporation, with the approval of the Federal Loan Administrator; and the Secretary of the Treasury is authorized on behalf of the United States to sell such stock to the Corporation. Any such stock so purchased by the Corporation shall be held subject to the same conditions, require- ments, rights, and privileges (including all dividend and retirement provisions) as are provided by law for or in connection with the ownership of such stock by the United States.". SEC. 2. Section 2 of the Reconstruction Finance Corporation Act, as amended (U. S . C., 1934 edition, title 15, sec. 602), is hereby amended by adding at the end thereof the following new paragraphs: "The Corporation is authorized to make payments from time to time to the Secretary of the Treasury in amounts to be determined by the Corporation, with the approval of the Federal Loan Adminis- trator, for the partial retirement of its capital stock at par and in payment of dividends from earnings. The aggregate amount of notes, debentures, bonds, or other such obligations which the Corpora- tion is authorized to issue and have outstanding at any one time under the provisions of law in force on the date this paragraph takes effect shall not be decreased by reason of any retirement of capital stock under this paragraph, and such aggregate amount is hereby increased by an amount sufficient to carry out the provisions of this paragraph and of the second paragraph of section 304 of the Act of March 9, 1933, as amended. "The Corporation, on or before June 30, 1941, may retire its capital stock and pay dividends under the preceding paragraph of this section, and may purchase stock of the Federal home-loan banks Penalty. 572 [54 STAT.

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