Page:United States Statutes at Large Volume 57 Part 1.djvu/260

 57 STAT.] 78TH CONG. , 1 ST SESS.- CHS. 175;, 176-JUNE 28, 29, 1943 said utility, and shall be payable from the same fund, or they may be issued in different series and may mature at any time subsequent to the last maturity of the original issue, but in any event may not mature more than thirty years from date thereof, or may mature concurrently with bonds of said original issue maturing on or subse- quent to January 1, 1955. Regardless of whether or not said bonds are issued in series, any bonds issued to pay for any such extensions, additions, or improvements shall rank pari passu with the original bonds issued for the purchase of such utility. SEC. 7. No part of the funds arising from the sale of any or all of the bonds authorized by this Act shall be used for any purpose or purposes other than those specified in this Act and authorized at the election authorizing the issuance of the same. Said bonds shall be sold only when and in such amounts as the Common Council of the City of Anchorage shall direct, and the proceeds thereof shall be used only for the purposes or any of them hereinbefore mentioned, and under the orders and direction of said common council from time to time as such proceeds may be required for said purposes. SEo. 8. If the Common Council of the City of Anchorage shall deem it advisable, any or all of the bonds, the issuance of which is author- ized by this Act, may be refunded. Said refunding bonds may be exchanged for said outstanding bonds or may be sold at not less than par at public or private sale, and the proceeds of such sale shall be used only for the payment of the bonds being refunded: Provided, That such refunding bonds shall bear an interest rate not greater than the bonds being refunded. Said refunding bonds may mature not later than thirty years from date and shall be payable in such amounts and at such times and places as the Common Council of the City of Anchorage shall prescribe. SEC. 9. The said city of Anchorage is hereby authorized to enter into contracts with the United States of America, or any agency or instrumentality thereof, under any Act or Acts of the Congress of the United States to encourage public works, for the relief of unem- ployment or for any other public purpose, for the sale of bonds issued in accordance with the provisions of this Act, or for the acceptance of a grant of money to aid said municipality in financing any public works; or to enter into contracts with any persons or corporations, public or private, for the sale of such bonds; and such contracts may contain such terms and conditions as may be agreed upon by and between the Common Council of said City of Anchorage and the United States of America, or any agency or instrumentality thereof, or any such purchaser. Approved June 28, 1943. [CHAPTER 176] AN ACT To amend an Act entitled "An Act to provide for the use of the American National Red Cross in aid of the land and naval forces in time of actual or threatened war." Be it enacted by the Senate and Hoise of Representatives of the United States of America in Congress assembled, That effective from December 5, 1941, the Act of April 24 1912 (37 Stat. 90: 36 U. S . C. 10, 11), entitled "An Act to provide for the use.of the American National Red Cross in aid of the land and naval forces in time of actual or threatened war", is amended to read as follows: "That whenever in time of war, or when war is imminent, the President shall find the cooperation and use of the American National Red Cros with the land and naval forces to be necessary, he is authorized to 247 Sale of bonds. Restriction on use of funds. Refunding bonds. Contracts for sale of bonds or acceptance of grants. June 29, 1943 [H. R . 2292] [Public Law 95] American National Red Cross. Wartime aid to land and naval forces.

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