Page:United States Statutes at Large Volume 78.djvu/806

 764 76 Stat. 1059. 26 USC 6038.

Ante, p. 762.

26 USC 302, 304.

PUBLIC LAW 88-555-AUG. 31, 1964

[78

STAT.

(6) Section 6038(d)(1) of such Code (relating to definition of control) is amended— (A) by striking out "the second sentence of subparagraphs (A) and (B), and clause (ii) of subparagraph (C), of section 318 (a)(2) " in subparagraph (A) and inserting in lieu thereof "subparagraphs (A), (B), and (C) of section 318(a)(3) "; and (B) by striMng out "clause (i) of" in subparagraph (B). (c) The amendments made by this section shall take effect on the date of the enactment of this Act, except that, for purposes of sections 302 and 304 of the Internal Revenue Code of 1954, such amendments shall not apply with respect to distributions in payment for stock acquisitions or redemptions, if such acquisitions or redemptions occurred before the date of the enactment of this Act. Approved August 31, 1964.

Public Law 88-555 August 31, 1964 [H. J. R e s. 733]

Clear ereek, ealif. Judge Francis earr Powerhouse, designation.

JOINT RESOLUTION To designate the powerhouse on Clear Creek at the head of Whiskeytown Reservoir, in the State of California, as Judge Francis Carr Powerhouse. Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That the one hundred and thirty thousand kilowatt capacity powerhouse on Clear Creek at the head of Whiskeytown Keservoir shall hereafter be known as Judge Francis Carr Powerhouse in honor of Judge Francis Carr, of Redding, California, a lawyer, judge, public servant, and advocate of reclamation development including the great Central Valley project developed to meet the serious water shortages in the San Joaquin Valley and Sacramento Valley of California. The Secretary of the Interior is hereby directed to place a suitable plaque at the site. Any law, regulation, document, or record of the United States in which such powerhouse is designated or referred to shall be held to refer to such powerhouse under and by the name of Judge Francis Carr Powerhouse. Approved August 31, 1964.

Public Law 88-556 August 31, 1964 [H. R. 8355]

D.C. Life Insurance Act, amendment. D.e. eode 35-508.

75 Stat. 514. D.C. Code 35-535.

AN ACT To amend the Life Insurance Company Act of the District of Columbia (48 Stat. 1145), approved June 19, 1934, as amended. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 8, chapter III of the Life Insurance Act (48 Stat. 1145) is amended by inserting at the beginning thereof " (a) " and by striking the figure "$100,000" in the first sentence thereof and inserting in lieu thereof the figure "$200,000", and by adding the following subsection: "(b) No company shall be exempt from the provisions of this section by reason of its having been incorporated in the District or elsewhere prior to the effective date of this subsection, except that in the case of companies authorized in the District of Columbia on (date of passage) and continuously authorized thereafter without any increase or broadening of authority, the minimum capital required of a stock company shall not be increased by this section," SEC. 2. (a) Subsection 10(b) (ii) of section 35 of chapter III of the Life Insurance Act of the District of Columbia (48 Stat. 1145) is

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