Page:United States Statutes at Large Volume 85.djvu/655

 85 STAT. ]

PUBLIC LAW 92-182-DEC. 15, 1971

625

and 17(b) of the F a r m Credit Act of 1953, as amended; sections 2,101, egg^.^iTafel^i!" and 201(b) of the F a r m Credit Act of 1956 are hereby repealed. All 12 USC 10*27 references in other legislation, State or Federal, rules and regulations ^"'i "°te, 10235. of any agency, stock, contracts, deeds, security instruments, bonds, debentures, notes, mortgages and other documents of the institutions of the System, to the Acts repealed hereby shall be deemed to refer to comparable provisions of this Act. (b) All regulations of the F a r m Credit Administration or the in- ^^^^^'""^^ ^^° stitutions of the System and all charters, bylaws, resolutions, stock classifications, and policy directives issued or approved by the F a r m Credit Administration, and all elections held and appointments made under the Acts repealed by subsection (a) of this section shall be continuing and remain valid until superseded, modified, or replaced under the authority of this Act. All stock, notes, bonds, debentures, and other obligations issued under the repealed acts shall be valid and enforceable upon the terms and conditions under which they were issued, including the pledge of collateral against which they were issued, and all loans made and security or collateral therefor held by, and all contracts entered into by, institutions of the System shall remain enforceable according to their terms unless and until modified in accordance with the provisions of this Act; it being the purpose of this subsection to avoid disruption in the effective operation of the System by reason of said repeals. SEC. 5.27. AMENDMENTS

TO OTHER

LAWS.— (a)

The

Executive

Schedule of basic pay (80 Stat. 458, 5 U.S.C. 5311-5317), as amended, *^ ^'^'' ^^^' is further amended by striking from positions at level IV the "Governor of the F a r m Credit Administration." (5 U.S.C. 5315 (51)) and inserting in positions at level III the additional position "(58) Governor of the F a r m Credit Administration." (5 U.S.C. 5314). (b) The third paragraph of section 15 of the Federal Reserve Act (12 U.S.C. 393) is amended to read as follows: 42 Stat. MSO. "The Federal Reserve banks are authorized to act as depositaries for and fiscal agents of any Federal land bank. Federal intermediate credit bank, bank for cooperatives, or other institutions of the F a r m Credit System." SEC. 5.28. SEPARABILITY.—If any provision of this Act, or the application thereof to any persons or in any circumstances, is held invalid, the remainder of this Act and the application of such provision to other persons or in other circumstances shall not be affected thereby. SEC. 5.29. RESERVE R I G H T To AMEND OR REPEAL.—The right to alter, amend, or repeal any provision or all of this Act is expressly reserA'ed. Approved December 10, 1971.

Public Law 92-182 AN ACT

To authorize the sale of certain lands on the Kalispel Indian Reservation, and for other purposes.

December 15,.1'571

[H. R. 8381]

Be It enacted by the Senate and House of Representatives of the l United States of America in Congress assembled. That for the pur- R eK a lr ivsapte o nIndian se i, pose of effecting consolidations of land situated within the Kalispel wash! Indian Reservation in the State of Washington into the ownership of ^ J"^"^* lands, the Kalispel Indian Community and its individual members and for the purpose of attaining and preserving an economic land base for Indian use, alleviating problems of Indian heirship, and assisting in

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