Page:United States Statutes at Large Volume 65.djvu/358

 324

Transfer of powers, etc.

PUBLIC LAW 149—SEPT. 18, 1951

[65

STAT.

the manner provided in the laws of the United States in respect to national banks:", and by inserting in lieu thereof "The Home Loan Bank Board shall also have power to take possession of any company or association whenever in the Board's judgment any such company or association is insolvent or is knowingly violating the laws under which it is operated and to liquidate the same in the manner provided in rules and regulations which said Board is hereby authorized to adopt, and said Board may also provide in such rules and regulations a procedure for the voluntary liquidation of any such company or association; and if any such company or association which has not gone into liquidation and for which a receiver has not already been appointed for other lawful cause shall discontinue its operations for a period of sixty days, the Home Loan Bank Board may, if such Board deems it advisable, appoint a receiver for such company or association:"; (4) by striking out "Comptroller of the Currency" wherever appearing in such section and by inserting in lieu thereof "Home Loan Bank Board"; and (5) by striking out the word "him" from the second sentence of such section and by inserting in lieu thereof the words "such Board". SEC. 2. Section 691a of such Act (D. C. Code, sec. 26-405) is hereby amended— (1) by striking out "Comptroller of the Currency" wherever appearing in such section, and by inserting in lieu thereof "Home Loan Bank Board"; (2) by striking out "he" and "his" wherever appearing in paragraph (e) of such section, and by inserting in lieu thereof "such Board" and "such Board's", respectively; and (3) by striking out in paragraph (g) of such section "if said examination is made beyond the limits of the District of Columbia, but if made within the limits of the District of Columbia, the cost of the examination to be at the same rate and upon the same terms as provided in section 691". SEC. 3. Subsection (c) of the Act of April 26, 1922 (42 Stat. 500), as amended by the Act of March 4, 1933 (47 Stat. 1564; D. C. Code, sec. 26-103 (c)), is hereby amended by striking out "Comptroller of the Currency" wherever appearing in such subsection and inserting in lieu thereof "Home Loan Bank Board", and by adding after the phrase "to maintain any ofl5ce or place of business in the District of Columbia," the following: "other than a foreign association which qualifies for a certificate of authority under section 691a of the Act of March 3, 1901, as amended (D. C. Code, sec. 26-405)". SEC. 4. Any powers, duties, and functions of the Comptroller of the Currency with respect to building associations and building and loan associations operating in the District of Columbia which are not transferred to the Home Loan Bank Board by the specific statutory amendments herein contained are also hereby transferred from the Comptroller of the Currency to the Home Loan Bank Board. Approved September 15, 1951. CHAPTER 4 0 6

P u b l i c Law 149 AN ACT September 18, 1951 [H. R. 3193]

To establish a rate of pension for aid and attendance under part III of Veterans Regulation Numbered 1 (a), as amended.

Be it enacted by the Senate and House of Representatives of the Veterans' pensions, jjnited States of America in Congress assembled, That (a) paragraph

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