Chapter 300. For the relief of Liberty loan subscribers of the North Penn Bank, of Philadelphia, Pennsylvania; Santa Rosa National Bank, Santa Rosa, California; and Mineral City Bank, Mineral City, Ohio; Robbinsdale State Bank, Robbinsdale, Minnesota; and Farmers and Merchants State Bank, Kenmare, North Dakota
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CHAP. 300.— An Act For the relief of Liberty loan subscribers of the North Penn Bank, of Philadelphia, Pennsylvania; Santa Rosa National Bank, Santa Rosa, California; and Mineral City Bank, Mineral City, Ohio; Robbinsdale State Bank, Robbinsdale, Minnesota; and Farmers and Merchants State Bank, Kenmare, North Dakota. August 30, 1922. [[H. R. 5775](/us/bill/67/hr/5775).] [[Private, No. 90](/us/pvtl/67/90).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Comptroller GeneralLiberty bond subscribers. of the United States be, and he is hereby, authorized and directed 1598Claims for losses, through nondelivery by failure of designated banks, to be determined.to receive, examine, and determine the claims of Liberty loan subscribers for losses suffered by them by reason of payments on Liberty bond purchases made through the North Penn Bank, of Philadelphia, Pennsylvania;
Santa Rosa National Bank, Santa Rosa, California; Mineral City Bank, Mineral City, Ohio; Robbinsdale State Bank, Robbinsdale, Minnesota; and Farmers and Merchants State Bank, Kenmare, North Dakota; for which bonds were not delivered on account of the failure of said banks, and to determine the amount of losses actually suffered by each claimant, not exceeding the amount paid by them, less all sums paid or to be paid said claimant upon the liquidation of said banks. Sec. 2. Payment for losses when certified by Comptroller General.
That the amount of the loss actually suffered as so ascertained and determined shall be certified by the Comptroller General of the United States to the Secretary of the Treasury, who shall pay the same to said claimants out of any money in the Treasury not Interest due.otherwise appropriated. Said Comptroller General of the United States may also, before the final liquidation of said banks, whenever he can determine the approximate amount to be paid to claimants hereunder, certify the same to the Secretary of the Treasury, who shall thereupon have power to pay claimant such sum, upon the claimant assigning to the said Secretary for the benefit of the United States all interest he may have in any additional sum which may become payable to such claimant from said banks or the receiver *Proviso*.
Restriction.thereof on account of his payment for such Liberty bonds: *Provided, however,* That no payment hereunder shall be given to any claimant found to be a director or officer of the failed banks at the time he became a subscriber for such bonds. Time limit.The Secretary of the Treasury shall have no power to act upon any claim hereunder not presented within six months after the passage of this Act. Approved, August 30, 1922.