Chapter 142. To authorize an additional issue of bonds to meet expenditures for the national security and defense, and, for the purpose of assisting in the prosecution of the war, to extend additional credit to foreign Governments, and for other purposes
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CHAP. 142.— An Act To authorize an additional issue of bonds to meet expenditures for the national security and defense, and, for the purpose of assisting in the prosecution of the war, to extend additional credit to foreign Governments, and for other purposes.July 9, 1918.[[H. R. 12580](/us/bill/65/hr/12580).][[Public, No. 192](/us/pl/65/192).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Fourth Liberty Bond Act.Authorized issue of bonds increased.*Ante*, p. 503, amended.*Post*, p. 1309.Credits to allied Governments increased.*Ante*, p. 504, amended.*Post*, p. 1312.
That section one of the Second Liberty Bond Act, as amended by the Third Liberty Bond Act, is hereby further amended by striking out the figures “$12,000,000,000” and inserting in lieu thereof the figures “$20,000,000,000.” Sec. 2. That section two of the Second Liberty Bond Act, as amended by the Third Liberty Bond Act, is hereby further amended by striking out the figures “$5,500,000,000” and inserting in lieu thereof the figures “$7,000,000,000.” 845 Sec. 3. That notwithstanding the provisions of the Second Liberty Securities payable in foreign moneys.*Ante*, pp. 505, 510.*Post*, p. 1311.Bond Act, as amended by the Third Liberty Bond Act, or of the War Finance Corporation Act, bonds and certificates of indebtedness of the United States payable in any foreign money or foreign moneys, and bonds of the War Finance Corporation payable in any foreign money Exempted from taxation when hold by nonresident aliens, etc.or foreign moneys exclusively or in the alternative, shall, if and to the extent expressed in such bonds at the time of their issue, with the approval of the Secretary of the Treasury, while beneficially owned by a nonresident alien individual, or by a foreign corporation, partnership, or association, not engaged in business in the United States, be exempt both as to principal and interest from any and all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States, or by any local taxing authority.
Sec. 4. That any incorporated bank or trust company designated Depositary banks, etc.*Ante*, p. 501.May act as fiscal agents to sell and deliver securities.as a depositary by the Secretary of the Treasury under the authority conferred by section eight of the Second Liberty Bond Act, as amended by the Third Liberty Bond Act, which gives security for such deposits as, and to amounts, by him prescribed, may, upon and subject to such terms and conditions as the Secretary of the Treasury may prescribe, act as a fiscal agent of the United States in connection with the operations of selling and delivering any bonds, certificates of indebtedness or war savings certificates of the United States.
Sec. 5. That the short title of this Act shall be “Fourth Liberty Title of this Act.Bond Act.” Approved, July 9, 1918.