Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

§
Marginalia
Code · STATUTES-AT-LARGE · Vol. 46 STAT. · June 26, 1930 · Chapter 614

Chapter 614. To amend section 4 of the Federal Reserve Act

401 words·~2 min read·/statutes-at-large/vol-46/chapter-614-3653026·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

CHAP. 614.— An Act To amend section 4 of the Federal Reserve Act. June 26, 1930.[[S. 4096](/us/bill/71/s/4096).][[Public, No. 437](/us/pl/71/437).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That section 4Federal Reserve Act, amendment.Vol. 38, p. 256, amended.[U. S. C., p. 278](/us/usc/p278), amended. of the Federal Reserve Act, as amended (U. S. C., title 12, sec. 304), be further amended by striking out that paragraph thereof which reads as follows:
" “Any candidate having a majority of all votes cast in the columnMatter stricken out. of first choice shall be declared elected. If no candidate have a majority of all the votes in the first column, then there shall be added together the votes cast by the electors for such candidates in the second column and the votes cast for the several candidates in the first column. If any candidate then have a majority of the electors voting, by adding together the first and second choices, he shall be declared elected.
If no candidate have a majority of electors voting when the first and second choices shall have been added, then the votes cast in the third column for other choices shall be added together in like manner, and the candidate then having the highest number of votes shall be declared elected. An immediate report of election shall be declared.” 816 and by inserting in lieu thereof the following: Federal Reserve Banks.“Any candidate having a majority of all votes cast in the column Declaration of election of directors of.of first choice shall be declared elected.
If no candidate have a majority of all the votes in the first column, then there shall be added together the votes cast by the electors for such candidates in the second column and the votes cast for the several candidates in the first column. The candidate then having a majority of the electors voting and the highest number of combined votes shall be declared elected. If no candidate have a majority of electors voting and the highest number of votes when the first and second choices shall have been added, then the votes cast in the third column for other choices shall be added together in like manner, and the candidate Report.then having the highest number of votes shall be declared elected.
An immediate report of election shall be declared.” " Approved, June 26, 1930.
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.