Chapter 37. To extend for nine months the power of the War Finance Corporation to make advances under the provisions of the War Finance Corporation Act, as amended, and for other purposes
423 words·~2 min read·
/statutes-at-large/vol-43/chapter-37-218564·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 37.— An Act To extend for nine months the power of the War Finance Corporation to make advances under the provisions of the War Finance Corporation Act, as amended, and for other purposes. February 20, 1924.[[S. 2249](/us/bill/68/s/2249).][[Public, No. 31](/us/pl/68/31).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, * War Finance Corporation, etc.Time extended for advances, etc., by.Vol. 40, p. 1313; Vol. 42, pp. 181, 634, 1480.*Post*, p. 763.
That the time during which the War Finance Corporation may make advances and purchase notes, drafts, bills of exchange, or other securities under the terms of sections 21, 22, 23, and 24 of the War Finance Corporation Act, as amended, is hereby extended to and including November*Proviso*.Application received on day of termination, etc. 30, 1924: *Provided*, That if any application for an advance or for the purchase by the War Finance Corporation of notes, drafts, bills of exchange, or other securities is received at the office of the corporation in the District of Columbia on or before November 30, 1924, such application may be acted upon and approved, and the advance may be made or the notes, drafts, bills of exchange, or other securities may be purchased at any time prior to December 31, 1924. 15 Sec. 2.
That paragraph 3 of section 15 of Title I of the WarLiquidation time extended.Vol. 42, p. 1481, amended. Finance Corporation Act, as amended, be amended by striking out at the beginning of said paragraph the words “beginning April 1, 1924,” and inserting in lieu thereof the words “beginning January 1, 1925.” Sec. 3. That paragraph 4 of said section 15 be amended by strikingDeposit of funds.Vol. 42, p. 1481, amended. out at the beginning of said paragraph the words “After April 1, 1924,” and inserting in lieu thereof the words “After January 1, 1925.
” Sec. 4. That the corporation may from time to time, through renewals,Further renewal for payment of advances on agricultural products, etc.Vol. 42, p. 182.Limitation. substitutions of new obligations, or otherwise, extend the time of payment of any advance made under authority conferred in section 24 of the War Finance Corporation Act, as amended; but the time for the payment of any such advance shall not be extended beyond January 1, 1926, if such advance was originally made on or before January 1, 1923, or beyond three years from the date upon which such advance was originally made, if such advance was originally made after January 1, 1923.
Approved, February 20, 1924.