Chapter 67.
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/statutes-at-large/vol-42/chapter-67-5092882·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 67.— Joint Resolution Authorizing the President to require the United States Sugar Equalization Board (Incorporated) to take over and dispose of thirteen thousand nine hundred and two tons of sugar imported from the Argentine Republic. February 9, 1923.[[S. J. Res. 12](/us/bill/67/sjres/12).][[Pub. Res., No. 86](/us/67/pubres/86).] Resolved by the Senate and House of Representatives of the United States of America in Congress assembled,Sugar Equalization Board.To take over and dispose of sugar imported from Argentina under Government direction.
That the President is authorized to require the United States Sugar Equalization Board (Incorporated) to take over from the corporation, American Trading Company, and the copartnership, B. H. Howell, Son and Company, a certain transaction entered into and carried on by said corporation and copartnership at the request, under direction and as agents of the Department of Justice and Department of State, which transaction1225 involved the purchase in the Argentine Republic, between the 13th day of May, 1920, and the 22d day of May, 1920, of thirteen thousand nine hundred and two tons of sugar, the importation thereof into the United States and the distribution of a portion of the same within the United States, and to require the said United States Sugar Equalization Board (Incorporated) to dispose of any of said sugar so imported remaining undisposed of, and to liquidate and adjust the entire transaction in such manner as may be deemed by said board to be equitable and proper in the premises, paying to the corporationPayment to American Trading Company and B.
H. Howell, Son and Company of their actual loss. and copartnership aforesaid such sums as may be found by said board to represent the actual loss sustained by them, or either of them, in said transaction, and for this purpose the President is authorized to vote or use the stock of the corporation held by him, or otherwise exercise or use his control over the said United States Sugar Equalization Board and its directors, and to continue the said corporation for such time as may be necessary to carry out the intention of this joint resolution.
Approved, February 9, 1923.