Chapter 444. To amend the War Finance Corporation Act approved April 5, 1918, as amended, to provide for the liquidation of the assets and the winding up of the affairs of the War Finance Corporation after April 4, 1929, and for other purposes
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Chap. 444: To amend the War Finance Corporation Act approved April 5, 1918, as amended, to provide for the liquidation of the assets and the winding up of the affairs of the War Finance Corporation after April 4, 1929, and for other purposes. Chapter 444 45 Stat. 1442 1929-03-01 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-24 70 2 public Chapter 444.— An Act To amend the War Finance Corporation Act approved April 5, 1918, as amended, to provide for the liquidation of the assets and the winding up of the affairs of the War Finance Corporation after April 4, 1929, and for other purposes.
March 1, 1929.[[S. 5684](/us/bill/70/s/5684).][[Public, No. 895](/us/pl/70/895).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the War War Finance Corporation.Liquidation of affairs of, after April 4, 1929, by Secretary of the Treasury.Vol. 40, p. 506; Vol. 41, pp. 1084, 1360; Vol. 42, pp. 181, 634, 1481.*Ante,* p. 405.Finance Corporation Act of April 5, 1918, as amended, be, and the same is hereby, further amended so that at the close of April 4, 1929, the liquidation of the assets remaining at that time and the winding up of the affairs of the corporation thereafter shall be transferred to the Secretary of the Treasury, who for such purpose shall have all the powers and duties of the board of directors of the corporation under said Act, as amended.
For carrying out the provisions of this Act the Secretary of the Treasury may assign to any officer or officers of the United States in the Treasury Department the exercise and performance, under his general supervision and direction, of any such Money paid into Treasury as miscellaneous receipts.powers and duties. He shall from time to time pay into the Treasury as miscellaneous receipts any moneys belonging to the corporation which, in his opinion, are not required for carrying on and completing the liquidation of its remaining assets and the winding up of its affairs, including reasonable provision for the further expenses thereof.
No rights, penalties, etc., affected.Nothing in the said Act, as amended, or this Act, shall be construed to affect any right or privilege accrued, any penalty or liability 1443incurred, any criminal or civil proceeding commenced, or any authority conferred thereunder, except as herein provided in connection with the liquidation of the remaining assets and the winding up of the affairs of the said corporation, until the Secretary of the Treasury shall find that such liquidation will no longer be advantageous to the United States and that all of its lawful obligations have been met, whereupon he shall retire any capital stock then outstanding, pay Retirement of stock, etc., and dissolution of corporation.into the Treasury as miscellaneous receipts the unused balance of the moneys belonging to the corporation, and make the final report of the corporation to the Congress.
Thereupon the corporation shall be deemed to be dissolved. Approved, March 1, 1929.
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Chapter 444
To amend the War Finance Corporation Act approved April 5, 1918, as amended, to provide for the liquidation of the assets and the winding up of the affairs of the War Finance Corporation after April 4, 1929, and for other purposes
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