Public Law 421. to establish a uniform system of bankruptcy throughout the United States,” as amended by the Acts of February 5, 1903, June 15, 1906, June 25, 1910, March 2, 1917, January 7, 1922, May 27, 1926, and February 11, 1932, be, and it is hereby, amended by adding thereto a new chapter to read as follows:
10,683 words·~49 min read·
/statutes-at-large/vol-47/public-law-421·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/72/420).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Act of Bankruptcy Act, July 1, 1898; amendments.Vol. 30, pp. 544–566; Vol. 32, p. 797; Vol. 34, p. 207; Vol. 36, p. 838; Vol. 39, p. 999; Vol. 42, p. 354; Vol. 44, p. 602.*Ante*, p. 47.July 1, 1898, entitled “An Act to establish a uniform system of bankruptcy throughout the United States,” as amended by the Acts of February 5, 1903, June 15, 1906, June 25, 1910, March 2, 1917, January 7, 1922, May 27, 1926, and February 11, 1932, be, and it is hereby, amended by adding thereto a new chapter to read as follows:
" “CHAPTER VIII “Provisions for the Relief of DebtorsProvisions for relief of debtors. “Sec. 73. Additional jurisdiction.Courts of bankruptcy.[U. S. C., pp. 243–256; Supp. VI pp. 125–128](/us/usc/243–256/125–128).Additional jurisdiction.*Post*, pp. 1470, 1474.—In addition to the jurisdiction exercised in voluntary and involuntary proceedings to adjudge persons bankrupt, courts of bankruptcy shall exercise original jurisdiction in proceedings for the relief of debtors, as provided in sections 74, 75, and 77 of this Act.
“Sec. 74. Compositions and extensions.—
(a)Any person excepting Compositions and extensions.Who may file petition; corporations excepted.Vol. 30, p. 551.a corporation may file a petition, or, in an involuntary proceeding before adjudication, an answer within the time limited by section 18(b) of this Act, accompanied in either case, unless further time is granted, by his schedules, stating that he is insolvent or unable to meet his debts as they mature, and that he desires to effect a composition or an extension of time to pay his debts. The term ‘debt’ for “Debt,” construed.the purposes of an extension proposal under this section shall include all claims of whatever character against the debtor or his property, including a claim for future rent, whether or not such claims would otherwise constitute provable claims under this Act. Upon the filing Approval, etc., of petition.*Post*, p. 1470.of such a petition or answer the judge shall enter an order either approving it as properly filed under this section, if satisfied that such petition or answer complies with this section and has been filed in good faith, or dismissing it. If such petition or answer is approved, an order of adjudication shall not be entered except as provided in subdivision
(1)of this section: *Provided, however*, That in staying *Proviso*.Conditional stay, involuntary adjudication.the action for adjudication in an involuntary proceeding the court shall make such stay conditional upon such terms for the protection and indemnity against loss by the estate as may be proper, and that in any other proceeding under this section the court may, as the creditors at the first meeting may direct, impose similar terms as a condition of delaying the appointment of a trustee and the liquidation of the estate. Any person by or against whom a petition is filed shall be referred to in the proceedings under this section as ‘debtor.’ The “Debtor.”term ‘creditor’ shall include for the purposes of an extension proposal “Creditor.”under this section all holders of claims of whatever character 1468against the debtor or his property including a claim for future rent, Claim for future rent.whether or not such claims would otherwise constitute provable claims Vol. 30, p. 563.under this Act. A claim for future rent shall constitute a provable debt and shall be liquidated under section 63(b) of this Act. “(b) Receiver.Appointment when, duties. After the filing of such petition or answer the court may upon reasonable notice to creditors and attorneys of record appoint a custodian or receiver, who shall inventory the debtor’s estate and exercise such supervision and control over the conduct of the debtor’s business as the creditors at any meeting or the court shall direct. “(c) Creditors’ meeting. The custodian or receiver, or if none has been appointed, the court, shall promptly call the first meeting of creditors, stating in the notice that the debtor proposes to offer terms of composition or Notice and inclosures.extension, and inclosing with tne notice a summary of the inventory, a brief statement of the debtor’s indebtedness as shown by the schedules, and a list of the names and addresses of the secured creditors and the fifteen largest unsecured creditors, with the amounts owing Appearance of creditor to controvert facts In petition.to each as shown by the schedules. Any creditor may appear at or before the first meeting and controvert the facts alleged in the Determination of.petition. In such case the court shall determine as soon as may be the issues presented, without the intervention of a jury, and unless the material allegations are sustained by the proofs shall dismiss the petition. “(d) Procedure at first meeting.Examination of debtor; appointment of trustee, etc. At the first meeting
(1)the debtor may be examined;
(2)the creditors may nominate a trustee, who shall thereafter be appointed by the court in case it becomes necessary to liquidate the estate as provided in subdivision
(1)of this section; and
(3)the court shall, after hearing the parties in interest, fix a reasonable time within which application for confirmation shall be made. The court may later extend such time for cause shown, and may require, as a condition of such extension, additional terms for the protection of and indemnity against loss by the estate as may be proper. “(e) Application for confirmation of compositfon.When may file. An application for the confirmation of a composition or extension proposal may be filed in the court of bankruptcy after, but not before, it has been accepted in writing by a majority in number of all creditors whose claims if unsecured have been allowed, or if secured are proposed to be affected by an extension proposal, which number must represent a majority in amount of such claims; and the money or security necessary to pay all debts which have priority unless waived and the costs of the proceedings, and in case of a composition the consideration to be paid by the debtor to his creditors, have been deposited in such place as shall be designated by and subject to the order of the court. “(f) Date and place of hearing on. A date and place, with reference to the convenience of the parties in interest? shall be fixed for a hearing upon each application for the confirmation of the composition or extension proposal, and such objections as may be made to its confirmation. “(g) Confirmation of proposal. The court shall confirm the proposal if satisfied that
(1)it includes an equitable and feasible method of liquidation tor secured creditors whose claims are affected and of financial rehabilitation for the debtor;
(2)it is for the best interests of all creditors;
(3)that the debtor has not been guilty of any of the acts, or failed to perform any of the duties, which would be a ground for denying his discharge; and
(4)the offer and its acceptance are in good faith, and have not been made or procured except as herein provided, or by Application for extension, proof required.any means, promises, or acts herein forbidden. In application for extensions the court shall require proof from each creditor filing a claim that such claim is free from usury as defined by the laws of the place where the debt is contracted. 1469 “(h) The terms of an extension proposal may extend the time of Terms ofpayment of either or both unsecured debts and secured debts the security for which is in the actual or constructive possession of the debtor or of the custodian or receiver, and may provide for priority of payments to be made during the period of extension as between secured and unsecured creditors. It may also include specific undertakings by the debtor during the period of the extension, including provisions for payments on account, and may provide for supervisory or other control over the debtor’s business or affairs during such period by a creditors’ committee or otherwise, and for the termination of such period under certain specified conditions: *Provided*, *Proviso*.Exemptions not affected.Vol. 30, p. 548.[U. S. C., p. 245](/us/usc/245).That the provisions of this section shall not affect the allowances and exemptions to debtors as are provided for bankrupts under title 11, chapter 3, section 24, of the United States Code, and such allowances and exemptions shall be set aside for the use of the debtor in the manner provided for bankrupts. “(i) Upon its confirmation an extension proposal shall be binding Effect ot confirmation.upon the debtor and his unsecured and secured creditors affected thereby: *Provided, however*, That such extension or composition *Proviso*.Lien ot secured creditor.shall not reduce the amount of or impair the lien of any secured creditor, but shall affect only the time and method of its liquidation. “(j) Upon the confirmation of a composition the consideration Distribution of consideration, confirmation of composition.*Proviso*.Order of payments, debts having priority.[U. S. C., p. 254](/us/usc/254).shall be distributed as the court shall direct, and the case dismissed: *Provided*, That ‘the debts having priority ot payment under title 11, chapter 7, section 104, of the United States Code, for bankrupt estates, shall have priority of payment in the same order as set forth in said section 104 under the provisions of this section in any distribution, assignment, composition, or settlement herein provided for. Upon the confirmation of an extension proposal the court may Dismissal of proceeding. when extension confirmed.dismiss the proceeding or retain jurisdiction of the debtor and his property during the period of the extension in order to protect and preserve the estate and enforce the terms of the extension proposal. “(k) The judge may, upon the application of the parties in interest, Reinstatement of ease, within six months, if fraud at trial.filed at any time within six months after the composition or extension proposal has been confirmed, set the same aside and reinstate the case, if it shall be made to appear upon a trial that fraud was Eracticed in the procuring of such composition or extension, and that nowledge thereof has come to the petitioners since the confirmation thereof. “(l) If
(1)the debtor shall fail to comply with any of the terms Appointment of trustee upon default ot debtor.required or him for the protection of and indemnity against loss by the estate; or
(2)the debtor has failed to make the required deposit in case of a composition; or
(3)the debtor’s proposal has not been accepted by the creditors; or
(4)confirmation has been denied; or
(5)without sufficient reason the debtor defaults in any payment required to be made under the terms of an extension proposal when the court has retained jurisdiction of the debtor or his property, the court may appoint the trustee nominated by the creditors at the first meeting, and if the creditors shall have failed to so nominate, may appoint any other qualified person as trustee to liquidate the estate. Liquidation of estate.The court shall in addition adjudge the debtor a Bankrupt if satisfied that he commenced or prolonged the proceeding for the purpose of delaying creditors and avoiding an adjudication in bankruptcy, or if the confirmation of his proposal has been denied. No order Wage earner and person in farming excepted.of liquidation or adjudication shall be entered in any proceeding under this section instituted by or against a wage earner or a person engaged chiefly in farming or the tillage of the soil unless the wage earner or a person engaged chiefly in farming or the tillage of the soil consents. 1470 “(m) Jurisdiction over debtor, etc., when petition filed.*Ante*, p. 1467. The filing of a debtor’s petition or answer seeking relief under this section shall subject the debtor and his property, wherever located, to the exclusive jurisdiction of the court in which the order approving the petition or answer as provided in subdivision
(a)is filed. In proceedings under this section, except as otherwise provided therein, the jurisdiction and powers of the court, the title, powers, and duties of its officers and, subject to the approval of the court, their fees, the duties of the debtor, and the rights and liabilities of creditors, and of all persons with respect to the property of the debtor and the jurisdiction of appellate courts shall be the same as if a voluntary petition for adjudication had been filed and a decree of adjudication had been entered on the day when the debtor’s petition or answer was filed and any decree of adjudication thereafter entered shall have the same effect as if it had been entered on that day. “(n) Secured creditors.Enjoining from enforcing claims. In addition to the provisions of section 11 of this Act for the staying of pending suits, the court, on such notice and on such terms, if any, as it deems fair and equitable, may enjoin secured creditors who may be affected by the extension proposal from proceeding in any court for the enforcement of their claims until the extension has been confirmed or denied by the court. “(o) Referees.Appointment. The judges of the courts of bankruptcy shall appoint sufficient referees to sit in convenient places to expedite the proceedings under this section. “(p) Wage earner.Involuntary proceedings against, denied. Involuntary proceedings under this section shall not be taken against a wage earner. “Sec. 75. Agricultural compositions and extensions. Agricultural compositions and extensions.—
(a)Courts of bankruptcy are authorized, upon petition of at least fifteen farmers within any county who certify that they intend to file petitions Referees, appointment.Known as conciliation commissioners.under this section, to appoint for such county one or more referees to be known as conciliation commissioners, or to designate for service in such county a conciliation commissioner previously appointed for an adjacent county. In case more than one conciliation commissioner is appointed for a county, each commissioner shall act separately and shall have such territorial jurisdiction within the county as the Term of office.Qualifications.court shall specify. A conciliation commissioner shall have a term of office of one year and may be removed by the court if his services are no longer needed or for other cause. No individual shall be eligible to appointment as a conciliation commissioner unless he is eligible for appointment as a referee and in addition is a resident of the county, familiar with agricultural conditions therein and not engaged in the farm-mortgage business, the business of financing farmers or transactions in agricultural commodities or the business of marketing or dealing in agricultural commodities or of furnishing agricultural supplies. In each judicial district the court may, if it Supervising commissioner.Functions.finds it necessary or desirable, appoint a suitable person as a supervising conciliation commissioner. The supervising conciliation commissioner shall have such supervisory functions under this section as the court may by order specify. “(b) Fee with petition filed. Upon filing of any petition by a farmer under this section there shall be paid a fee of $10 to be transmitted to the clerk Compensation.of the court and covered into the Treasury. The conciliation commissioner shall receive as compensation for his services, including all expenses, a fee of $10 for each case docketed and submitted to him, Per diem allowance.to be paid out of the Treasury. A supervising conciliation commissioner shall receive, as compensation for his services, a per diem allowance to be fixed by the court, in an amount not in excess Subsistence and travel expenses.Vol. 42, p. 1603.of $5 per day, together with subsistence and travel expenses in accordance with the law applicable to officers of the Department of 1471Justice. Such compensation and expenses shall be paid out of the Treasury. If the creditors at any time desire supervision over the Costs of supervision over farming operations.farming operations of a farmer, the cost of such supervision shall be borne by such creditors or by the farmer, as may be agreed upon by them, but in no instance shall the farmer be required to pay more than one-half of the cost of such supervision. Nothing contained in this section shall prevent a conciliation commissioner who supervises such farming operations from receiving such compensation therefor as may be so agreed upon. No fees, costs, or other Additional fees, etc., prohibited.charges shall be charged or taxed to any farmer or his creditors by any conciliation commissioner or with respect to any proceeding under this section, except as hereinbefore in this section provided. The conciliation commissioner may accept and avail himself of Office space, equipment, etc.office space, equipment, and assistance furnished him by other Federal officials, or by any State, county, or other public officials. The General orders by Supreme Court governing administration.Supreme Court is authorized to make such general orders as it may find necessary properly to govern the administration of the office of conciliation commissioner and proceedings under this section; but any district court of the United States may, for good cause shown and in the interests of justice, permit any such general order to be waived. “(c) At any time within five years after this section takes effect, Petition by farmer.Contents.a petition may be filed by any farmer, stating that the farmer is insolvent or unable to meet his debts as they mature, and that it is desirable to effect a composition or an extension of time to pay his debts. The petition or answer of the farmer shall be accompanied by his schedules. The petition and answer shall be filed Procedure.with the court, but shall, on request of the farmer or creditor, be received by the conciliation commissioner for the county in which the farmer resides and promptly transmitted by him to the clerk of the court for filing. If any such petition is filed, an order of adjudication shall not be entered except as provided hereinafter in this section. “(d) After the filing of such petition or answer by the farmer, Inventory of estate.the farmer shall, within such time and in such form as the rules provide, file an inventory of his estate. “(e) The conciliation commissioner shall promptly call the first Creditors’ meeting.Notice and inclosures.meeting of creditors, stating in the notice that the farmer proposes to offer terms of composition or extension, and inclosing with the notice a summary of the inventory, a brief statement of the farmer’s indebtedness as shown by the schedules, and a list of the names and addresses of the secured creditors and unsecured creditors, with the amounts owing to each as shown by the schedules. At Procedure at first meeting.the first meeting of the creditors the farmer may be examined, and the creditors may appoint a committee to submit to the conciliation commissioner a supplementary inventory of tbe farmer’s estate. The conciliation commissioner shall, after hearing the parties Application for confirmation after hearing.in interest, fix a reasonable time within which application for confirmation shall be made, and may later extend such time for cause shown. After the filing of the petition and prior to the confirmation or other disposition of the composition or extension proposal by the court, the court shall exercise such control over the property Control over property.of the farmer as the court deems in the best interests of the farmer and his creditors. “(f) There shall be prepared by, or under the supervision of, Final inventory.Preparation of.the conciliation commissioner a final inventory of the farmer’s estate, and in the preparation of such inventory the commissioner shall give due consideration to the inventory filed by the farmer and to any supplementary inventory filed by a committee of the creditors. 1472 “(g) Application for confirmation of composition or extension.When may be filed. An application for the confirmation of a composition or extension proposal may be filed in the court of bankruptcy after but not before
(1)it has been accepted in writing by a majority in number of all creditors whose claims have been allowed, including secured creditors whose claims are affected, which number shall represent a majority in amount of such claims, and
(2)the money or security necessary to pay all debts which have priority unless waived, and in case of a composition, the consideration to be paid by the farmer to his creditors has been deposited in such place as shall be designated by and subject to the order of the court. “(h) Date and place of bearing. A date and place, with reference to the convenience of the parties in interest, shall be fixed for a hearing upon each application for the confirmation of the composition or extension proposal and upon such objections as may be made to its confirmation. “(i) Confirmation of proposal. The court shall confirm the proposal if satisfied that
(1)it includes an equitable and feasible method of liquidation for secured creditors and of financial rehabilitation for the farmer;
(2)it is for the best interests of all creditors; and
(3)the offer and its acceptance are in good faith, and have not been made or procured except as herein provided, or by any means, promises, or acts herein Application for extension, proof required.forbidden. In applications for extensions the court shall require proof from each creditor filing a claim that such claim is free from usury as defined by the laws of the place where the debt is contracted. “(j) Terms. The terms of a composition or extension proposal may extend the time of payment of either secured or unsecured debts, or both, and may provide for priority of payments to be made during the period of extension as between secured and unsecured creditors. It may also include specific undertakings by the farmer during the period of the extension, including provisions for payments on account, and may provide for supervisory or other control by the conciliation commissioner over the farmer’s affairs during such period, and for the termination of such period of supervision or *Proviso*.Exemptions not affected.Vol. 30, p. 548.[U. S. C., p. 245](/us/usc/245).control under conditions specified: *Provided*, That the provisions of this section shall not affect the allowances and exemptions to debtors as are provided for bankrupts under title 11, chapter 3, section 24, of the United States Code, and such allowances and exemptions shall be set aside for the use of the debtor in the manner provided for bankrupts. “(k) Effect of confirmation. Upon its confirmation p composition or extension proposal shall be binding upon the farmer and his secured and unsecured *Proviso*.Lien of secured creditors.creditors affected thereby: *Provided*, That such composition or extension shall not reduce the amount of nor impair the lien of any secured creditor, but shall affect only the time and method of its liquidation. “(l) Distribution of consideration, confirmation of composition. Upon the confirmation of a composition the consideration shall be distributed under the supervision of the conciliation commissioner as the court shall direct, and the case dismissed: *Provided*, *Proviso*.Order of payments, debts having priority.[U. S. C., p. 254](/us/usc/254).That the debts having priority of payment under title 11, chapter 7, section 104, of the United States Code, for bankrupt estates, shall have priority of payment in the same order as set forth in said section 104 under the provisions of this section in any distribution, assignment, composition or settlement herein provided for. Upon Dismissal of proceeding, when extension confirmed.the confirmation of an extension proposal the court may dismiss the proceeding or retain jurisdiction of the farmer and his property during the period of the extension in order to protect and preserve the estate and enforce through the conciliation Reinstatement of case, for cause shown; when.commissioner the terms of the extension proposal. The court may, after hearing and for good cause shown, at any time during the period covered by an extension proposal that has been confirmed by the 1473court, set the same aside, reinstate the case, and modify the terms of the extension proposal. “(m) The judge may, upon the application of any party in interest, Within six months, if fraud practiced.file11So in original. at any time within six months after the composition or extension proposal has been confirmed, set the same aside and reinstate the case, if it shall be made to appear upon a trial that fraud was practiced in the procuring of such composition or extension, and that knowledge thereof has come to the petitioners since the confirmation thereof. “(n) The filing of a petition pleading for relief under this section Jurisdiction over farmer, etc., when petition Died.shall subject the farmer and his property, wherever located, to the exclusive jurisdiction of the court. In proceedings under this section, except as otherwise provided herein, the jurisdiction and powers of the court, the title, powers, and duties of its officers, the duties of the farmer, and the rights and liabilities of creditors, and of all persons with respect to the property of the farmer and the jurisdiction of the appellate courts, shall be the same as if a voluntary petition for adjudication had been filed and a decree of adjudication had been entered on the day when the farmer’s petition or answer was filed. “(o) Except upon petition made to and granted by the judge Proceedings not to be instituted against farmer after petition filed.after hearing and report by the conciliation commissioner, the following proceedings shall not be instituted, or if instituted at any time prior to the filing of a petition under this section, shall not be maintained, in any court or otherwise, against the farmer or his property, at any time after the filing of the petition under this section, and prior to the confirmation or other disposition of the composition or extension proposal by the court: “(1) Proceedings for any demand, debt, or account, including any Debts, etc.money demand; “(2) Proceedings for foreclosure of a mortgage on land, or for Foreclosure.cancellation, rescission, or specific performance of an agreement for sale of land or for recovery of possession of land; “(3) Proceedings to acquire title to land by virtue of any tax Tax sale titles.sale; “(4) Proceedings by way of execution, attachment, or garnishment;Executions, attachments, etc. “(5) Proceedings to sell land under or in satisfaction of any Judgment sales, etc.judgment or mechanic’s lien; and “(6) Seizure, distress, sale, or other proceedings under an execution Seizure, etc., under execution, etc.or under any lease, lien, chattel mortgage, conditional sale agreement, crop payment agreement, or mortgage. “(p) The prohibitions of subdivision
(o)shall not apply to proceedings Tax collection proceedings, etc., excepted.for the collection of taxes, or interest or penalties with respect thereto, nor to proceedings affecting solely property other than that used in farming operations or comprising the home or household effects of the farmer or his family. “(q) A conciliation commissioner shall upon request assist any Assistance in preparation of petition, etc.farmer in preparing and filing a petition under this section and in all matters subsequent thereto arising under this section and farmers shall not be required to be represented by an attorney in any proceeding under this section. “(r) For the purpose of this section and section 74, the term “Farmer,” construed.‘farmer’ means any individual who is personally bona fide engaged primarily in farming operations or the principal part of whose income is derived from farming operations, and includes the personal representative of a deceased farmer; and a farmer shall be deemed Residence.a resident of any county in which such farming operations occur. 1474 “Sec. 76. Obligations of persons secondarily liable. Extensions made pursuant to the foregoing provisions of this chapter shall extend the obligation of any person who is secondarily liable to any person for the prompt payment of such debt or debts, or any part thereof, and a copy of the order confirming such extension, certified as required by the provisions of law with Evidence of confirmation of extension.reference to judgments and proceedings in courts of the United States, shall be sufficient evidence that such extension has been confirmed in any suit or proceeding brought against any such person so liable. “Sec. 77. Reorganization of railroads engaged in interstate commerce.Petition for. Reorganization of railroads engaged in interstate commerce.—
(a)Any railroad corporation may file a petition stating that the railroad corporation is insolvent or unable to meet its debts as they mature and that it desires to effect a plan of reorganization. Filing.The petition shall be filed with the court in whose territorial jurisdiction the railroad corporation, during the preceding six months or the greater portion thereof, has had its principal executive or operating office, and a copy of the petition shall at the same time Copy to Interstate Commerce Commission.*Proviso*.When railroad wholly in one State.Filing fee.be filed with the Interstate Commerce Commission hereinafter called the commission: *Provided*, That when any railroad, although engaged in interstate commerce, lies wholly within one State, such proceedings shall be brought in the Federal district court within the State in which the railroad is located. The petition shall be accompanied by payment to the clerk of a filing fee of $100, which shall be in addition to the fees required to be collected by the clerk Order of approval, etc.under other sections of this Act. Upon the filing of such a petition, the judge shall enter an order either approving it as properly filed under this section, if satisfied that such petition complies with this section and has been filed in good faith, or dismissing it if not so Jurisdiction over debtor, etc.satisfied. If the petition is so approved, the court in which such order approving the petition is entered shall, during the pendency of the proceedings under this section and for the purposes thereof, have exclusive jurisdiction of the debtor and its property wherever “Debtor,” construed.located. The railroad corporation shall be referred to in the Petition by corporation owned by railroad corporation filing same.proceedings as a ‘debtor.’ Any corporation, the majority of the capital stock of which having power to vote for the election of directors is owned, either directly or indirectly through an intervening medium, by any railroad corporation filing a petition as a debtor under this section, or substantially all of whose properties are operated by such a debtor under lease or operating agreement may file, with the court in which such other debtor had filed such a petition, and in the proceeding upon such petition under this section, a petition stating that it is insolvent or unable to meet its debts as they mature and that it desires to effect a plan of reorganization in connection with, or as a part of, the plan of reorganization of such Jurisdiction over.other debtor; and thereupon such court shall have the same jurisdiction with respect to it, its property and its creditors and Creditors’ petition.stockholders as the court has with respect to such other debtor. Creditors of any railroad corporation having claims or interests aggregating not less than 5 per centum of all the indebtedness of such railroad corporation as shown in the latest annual report which it has filed with the commission at the time when the petition is filed, may, if the railroad corporation has not filed a petition under this section, Approval of Interstate Commerce Commission.Hearing and notice.but subject to first having obtained the approval of the Interstate Commerce Commission, after hearing, upon notice to such railroad corporation, file with the court in which such railroad corporation might file a petition under the provisions of this section, a petition stating that such railroad corporation is insolvent or unable to meet Copies of petition.its debts as they mature and that such creditors propose that it shall effect a reorganization; upon such filing of such a petition 1475copies thereof shall be filed with the commission and served by the petitioning creditors forthwith upon the railroad corporation; theService of. railroad corporation shall, within ten days after such service, answer such petition; if such answer shall admit the jurisdiction of theAnswer by railroad; when. court, that the claims of the petitioning creditors constitute the amounts necessary to entitle them to file such petition under this section, and that the railroad corporation is either insolvent or unable to meet its debts as they mature, the court shall, upon the filing of the recommendations of the commission in writing, enterOrder of court if petition filed in good faith. an order approving the petition as properly filed under this section if satisfied that it complies with this section and has been filed in good faith, or disapprove it if not so satisfied; and if so approved the proceedings thereon shall continue with like effect as if the railroadDisapproval. corporation had itself filed a petition under this section; if such answer shall deny either the jurisdiction of the court or that theIssues triable when answer denies jurisdiction, etc. claims of the petitioning creditors constitute such necessary amounts or that the railroad corporation is insolvent or unable to meet its debts as they mature, the court shall summarily try the issues, and if after the filing of the recommendations of the commission in writing it shall find that the petition complies with this section, and has been filed in good faith, the court shall enter an order approvingOrder approving petition. the petition as properly filed under this section, and the proceedings thereon shall continue with like effect as if the railroad corporation had itself filed a petition under this section; otherwise the courtDismissing. shall dismiss the petition. “(b) A plan of reorganization within the meaning of this sectionReorganization plan.
(1)shall include a proposal to modify or alter the rights of creditors generally, or of any class of them, secured or unsecured, eitherWhat included. through the issuance of new securities of any character or otherwise;
(2)may include, in addition, provisions modifying or altering the rights of stockholders generally, or of any class of them;
(3)shall provide adequate means for the execution of the plan, which may, so far as may be consistent with the provisions of sections 1 and 5 of the Interstate Commerce Act as amended, include the transfer or conveyance of all or any part of the property of the debtor to another corporation or to other corporations or the consolidation of the properties of the debtor with those of another railroad corporation, or the merger of the debtor with any other railroad corporation and the issuance of securities of either the debtor or any such corporation or corporations, for cash, or in exchange for existing securities, or in satisfaction of claims or rights, or for other appropriate purposes; and
(4)may deal with all or any part of the property of the debtor. The term ‘securities’ shall include evidences of indebtedness, either“Securities,” construed. secured or unsecured, bonds, stocks, certificates of beneficial interest therein, and certificates of beneficial interest in property. The term“Stockholders.” ‘stockholders’ shall include the holders of voting trust certificates. The term ‘creditors’ shall, except as otherwise specifically provided“Creditors,” in this section, include, for all purposes of this section and of the reorganization plan, its acceptance and confirmation, all holders of claims, interests, or securities of whatever character against the debtor or its property, including claim for future rent, whether or not such claims, interests, or securities would otherwise constitute provable claims under this Act. “(c) Upon approving the petition as properly filed the judge (1)Duties of judge when petition approved. may temporarily appoint from a panel of standing trustees qualified for such service to be selected and designated in advance by the commissionAppointment of trustees. a trustee or trustees of the debtor’s estate, who shall have all the title and, subject to the control of the judge and consistently 1476Powers, etc.Vol. 30, p. 557.with the provisions of this section, shall exercise all the powers of a trustee appointed pursuant to section 44 or any other section, of this Act, and, subject to the judge’s control and the jurisdiction of the commission as provided by the Interstate Commerce Act as amended, shall have the power to operate the business of the railroad Fix amount of bond, etc.corporation;
(2)shall fix the amount of the bond of such trustee or trustees and require the debtor, the trustee, or trustees to give such notice as the order may direct to creditors and stockholders and to cause publication thereof to be made at least once a week for two successive weeks of a hearing to be held within thirty days after such appointment, at which hearing or any adjournment thereof the judge may make permanent such appointment, or may terminate it Appoint substitute trustees.and may, in the manner herein provided for the appointment of trustees, appoint a substitute trustee or substitute trustees, and in the same mariner may appoint an additional trustee or additional trustees, and shall fix the amount of the bond of the substitute or additional trustee or trustees; the trustee or trustees and their counsel shall receive Compensation.such compensation as the judge may allow within a maximum approved Authorize issue of certificates for cash, etc.by the commission;
(3)may for cause shown, and with the approval of the commission, in accordance with section 20
(a)of the Interstate Commerce Act as amended, authorize the trustee or trustees to issue certificates for cash, property, or other consideration approved by the judge, for such lawful purposes and upon such terms and conditions and with such security and such priority in payments over existing obligations, secured or unsecured, as might in an equity receivership Require debtor to file additional schedules.Vol. 30, p. 548.be lawful;
(4)shall require the debtor, at such time or times as the judge may direct and in lieu of the schedules required by section 7 of this Act, to file such schedules and submit such other information as may be necessary to disclose the conduct of the debtor’s affairs and Determine time for filing claims.the fairness of any proposed plan;
(5)shall determine a reasonable time within which the claims and interests of creditors and stockholders may be filed or evidenced and after which no such claim or interest may participate in any plan except on order for cause shown; the manner in which such claims and interests may be filed or evidenced and allowed, and, for the purposes of the plan and its acceptance, the division of creditors and stockholders into classes according Notices to be given.to the nature of their respective claims and interests;
(6)shall cause reasonable notice of such determination, or of the dismissal of the proceedings, or the allowance of fees or expenses, to be given Dismissal of proceedings for cause shown.creditors and stockholders by publication or otherwise;
(7)if a plan of reorganization is not proposed or accepted, or, if proposed and accepted, is not confirmed, within such reasonable time as the judge may, upon cause shown and after considering any recommendation which has been filed by the commission, allow, may dismiss the Allow compensation to proper persons.proceeding;
(8)may, within such maximum limits as are fixed by the commission, as elsewhere provided in subdivision
(f)of this section, allow a reasonable compensation for the services rendered and reimbursement for the actual and necessary expenses incurred in connection with the proceeding and plan by officers, parties in interest, reorganization managers, and committees or other representatives of creditors or stockholders, and the attorneys or agents of any of the foregoing, and by such assistants as the commission with the Reference to special masters.approval of the judge may specially employ; and
(9)may on his own motion or at the request of the commission refer any matters for consideration and report, either generally or upon specified issues, to one of several special masters who shall have been previously designated to act as special masters in any proceedings under this section by order of any Circuit Court of Appeals and may allow 1477such master a reasonable compensation for his services. The CircuitDesignation of. Court of Appeals of each circuit shall designate three or more members of the bar as such special masters whom they deem qualified for such services, and shall from time to time revise such designations by changing the persons designated or reducing or adding to their number, as the public interest may require: *Provided, however*,*Proviso*.Number. That there shall always be three of such special masters qualified for appointment in each circuit who shall in their respective circuits hear any matter referred to them under this section by a judge of any District Court. For all purposes of this section claims againstPriority of certain claims. a railroad corporation which would have been entitled to priority over existing mortgages if a receiver in equity of the property of the debtor had been appointed by a Federal court at the date of the filing of the petition hereunder shall be entitled to such priority, and holders of such claims shall be treated as a separate class of creditors. If in any case in which the issues have not already been tried underIssues controverted in petition to be determined. the provisions of subdivision
(a)of this section any of the debtor’s creditors shall, prior to the hearing provided for in subdivision (c), clause (2), of this section, appear and controvert the facts alleged in the petition, the judge shall determine, as soon as may be, the issues presented by the pleadings, without the intervention of a jury, and unless the material allegations of the petition are sustained by the proofs shall dismiss the petition. Any creditor or stockholder shallRight of creditor, etc., to be heard. be heard on the question of the permanent appointment of any trustee or trustees, the proposed recommendation, approval, or confirmation of any reorganization plan, and upon filing a petition for leave to intervene on such other questions arising in the proceeding as the judge shall determine. The debtor, or the trustees if appointed, shallLists to be prepared. within fifteen days or, upon cause shown, such other time as maybe directed by the judge, prepare
(1)a list of all known bondholdersBondholders, creditors, etc. and creditors of, or claimants against, the debtor or its property, and the amounts and character of their debts, claims, and securities, and the last known post-office address or place of business of each creditor or claimant, and
(2)a list of the stockholders of the debtor, with theStockholders. last known post-office address or place of business of each. The contents of such lists shall not constitute admissions by the debtorNot to constitute admissions by debtor.Inspection of. or the trustees in a proceeding under this section or otherwise. Such lists shall be open to the inspection of any creditor or stockholder of, or claimant against, the debtor, during reasonable business hours, upon application to the debtor or trustees, as the case may be. “(d) Before creditors and stockholders of the debtor are askedReorganization plan. finally to accept any plan of reorganization, the Interstate CommerceAdoption of. Commission shall after due notice hold a public hearing at which the debtor shall present its plan of reorganization and at which, also,Hearing by Interstate Commerce Commission. such a plan may be presented by the trustee or trustees, or by or on behalf of creditors of the debtor, being not less than 10 per centum in amount of any class of creditors. Following such hearing, theReport. commission shall render a report in which it shall recommend a planRecommendations. of reorganization (which may be different from any which has been proposed) that will, in its opinion be equitable, will not discriminate unfairly in favor of any class of creditors or stockholders, will be financially advisable, will meet with the requirements of subdivision
(g)of this section, and will be compatible with the public interest. In such report the commission shall state fully the reasons for itsReasons for conclusions to be stated. conclusions, and it may thereafter, upon petition for good cause shown, and upon further hearing if the commission shall deem necessary, modify any of its recommendations and conclusions in a supplemental report stating the reasons for such modification. There 1478Submission of plan to creditors, etc.after the plan of reorganization recommended by the commission shall be submitted in such manner as the commission may direct to the creditors and stockholders of the debtor for acceptance or rejection, together with the report or reports of the commission thereon; and the commission may at the same time afford an opportunity to accept or reject any other plan of reorganization filed as in this subdivision
(d)provided. “(e) Acceptance in writing before final approval. A plan of reorganization shall not be finally approved by the commission until it has been accepted in writing and such acceptance has been filed in the proceeding by or on behalf of creditors holding two-thirds in amount of the claims of each class whose claims or interests would be affected by the plan, and by or on behalf of stockholders of the debtor holding two-thirds of the stock of each class: *Provisos*.Interests of certain classes of creditors to be protected.*Provided, however*, That if adequate provision is made in the plan for the protection of the interests, claims, and liens of any class of creditors or stockholders in the manner provided in clauses
(5)and *Post*, p. 1479.(6) of subdivision (g), of this section, then the acceptance of the plan by such class of creditor or stockholders shall not be requisite When acceptance of plan by stockholders aot requisite to confirmation.to the approval of the plan: *And provided further*, That the acceptance of stockholders shall not be requisite to the confirmation of the plan if
(1)the judge shall have determined
(a)that the corporation is insolvent, or
(b)that the interests of stockholders will not be adversely affected by the plan, or
(c)that the debtor has pursuant to authorized corporate action accepted the plan, and its stockholders What constitutes acceptance.are bound by such acceptance. For the purposes of this section acceptance by a creditor or stockholder shall include acceptance in writing executed by him; or acceptance by his duly authorized attorney or committee acting under authority executed by him subsequent Issue of securities, etc., when plan accepted.to the recommendation of the plan by the commission. Upon acceptance of the plan in accordance with the provisions of this subdivision
(e)the commission may, without further proceedings, grant authority for the issue of any securities, assumption of obligations, transfer of any property, or consolidation or merger of properties, to the extent contemplated by the plan consistent with the purposes of the When United States a creditor.Interstate Commerce Act as amended. If the United States of America is directly a creditor or stockholder, the Secretary of the Treasury is hereby authorized to accept or reject a plan in respect of the interests or claims of the United States. “(f) Certification to court. If the plan recommended by the commission is accepted as provided in subdivision (e), the commission shall thereupon certify the plan to the court together with its approval thereof and that the same has been so accepted, together with a report of the proceedings before it and its conclusions thereon. If the plan accepted as provided in subdivision
(e)differs from the plan recommended by the commission it shall, upon acceptance, be submitted to the commission, which shall hear all interested parties upon such notice and subject to such rules and regulations as it shall prescribe. If after such hearing the commission determines that the accepted plan in its opinion is equitable and will not discriminate unfairly in favor of any class of creditors or stockholders; will be financially advisable; will meet the requirements of subdivision
(g)of this section; and will be compatible with the public interest; the commission shall thereupon certify the plan to the court, together with its approval thereof and that the same has been duly accepted, and together with a report of the proceedings before it and its findings and conclusions thereon. Maximum compensation.The commission shall also, after hearing if necessary, fix the maximum compensation and reimbursement which may be allowed by the court pursuant to clause
(8)of subdivision
(c)of this section: 1479*Provided*, That unless good and sufficient reasons appear therefor*Proviso*.No fees to officers acting as managers. no allowance for fees or compensation shall be made to officers of corporations who have acted as managers or in any capacity in connection with the reorganization when such corporation had an interest in the matter. No plan of reorganization shall be confirmedApproval of plan by Interstate Commerce Commission. in any proceeding under this section except upon the approval of the Interstate Commerce Commission certified to the court. If the commission shall decline to issue such a certificate it shall file in the proceeding its decision, specifying the particular grounds upon which it bases its disapproval of the plan. “(g) Upon such approval by the commission, and after hearingConfirmation by court, when. such objections as may be made to the approved plan, the judge shall confirm the plan if satisfied that
(1)the approved plan complies with the provisions of subdivision
(b)of this section, is equitable and does not discriminate unfairly in favor of any class of creditors or stockholders;
(2)all amounts to be paid by the debtor or by any corporation or corporations acquiring the debtor’s assets, for services or expenses incident to the reorganization and cost of financing, have been fully disclosed and are reasonable, or are to be subject to the approval of the judge;
(3)the, offer of the plan and its acceptance are in good faith and have not been made or procured by any means or promises forbidden by this Act;
(4)the approved plan provides for the payment of all costs of administration and other allowances made by the court, except that compensation or reimbursement provided for in subdivision (c), clause (8), of this section may be paid in securities provided for in the plan if those entitled thereto will accept such payment and the court finds such compensation reasonable;
(S)the approved plan provides, with respect to stockholders of any class the acceptance of which is requisite to the confirmation of the plan, and who w’ould not become bound by the plan under the provision of subdivision
(h)of this section, and of which more than one-third have not accepted the plan, adequate protection for the realization by them of the value of their equity, if any, in the property of the debtor dealt with by the plan either by a sale of the property at not less than a fair upset price, or by appraisal and payment in cash either of the value of their stock or, at the objecting stockholder’s election, of the value of the securities, if any, allotted to such stock under the plan;
(6)the plan provides with respect to any class of creditors the acceptance of which is requisite to the confirmation of the plan, and who would not become bound by the plan under the provisions of subdivision
(h)of this section, adequate protection for the realization by them of the value of their securities, liens, and claims, either
(a)by the sale of such property subject to their liens, if any, or
(b)by the sale free of such liens at not less than a fair upset price, and the transfer of such liens to the proceeds of such sale, or
(c)by appraisal and payment in cash of either the value of such liens and claims or, at the objecting creditors’ election, the value of the securities allotted to such liens and claims under the plan. Section 57, clause (h), of this Act shall be applicable Appraisal of securities.Vol. 30, p. 560.to the appraisal of securities under this section, and the value of the unpaid balance shall be appraised as an unsecured claim; and
(7)the debtor, and every other corporation issuing securities or acquiring property under the plan, is authorized by its charter or by applicable State or Federal laws, upon confirmation of the plan, to carry out the plan. In the case of a sale or appraisal under clause
(5)or
(6)of this subdivision
(g)the court shall refer to the commission for its consideration and determination the amount to be fixed as the upset price and the appraisal of any securities. 1480 “(h) On whom binding thereafter. Upon such confirmation the provisions of the plan shall be binding upon
(1)the corporation,
(2)all stockholders if the judge shall have determined
(a)that the corporation is insolvent, or
(b)that the interests of stockholders will not be adversely affected by the plan, or
(c)that the debtor has pursuant to authorized corporate action accepted the plan and its stockholders are bound by such acceptance,
(3)all stockholders of each class of which two-thirds in amount shall have accepted the plan,
(4)all creditors whose claims are payable in cash in full under the plan,
(5)all creditors entitled to priority under subdivision
(c)of this section, whose claims are not payable in cash in full under the plan, provided two-thirds in amount of such creditors shall have accepted the plan in writing filed in the proceeding,
(6)all other unsecured creditors, provided two-thirds in amount of such creditors shall have accepted the plan in writing filed in the proceeding, and
(7)all secured creditors of each class of which two-thirds in amount Discharge of debtor.shall have accepted the plan. The confirmation of the plan shall discharge the debtor from its debts except as provided in the plan. Orders, etc., of court to be executed.Upon confirmation of the plan by the judge, the debtor and other corporations affected by the plan, or organized or to be organized for the purpose of carrying out the plan, shall, subject to the jurisdiction of the Commission, have full power and authority to put into effect and carry out the plan and the orders of the judge relative thereto, the laws of any State or the decision or order of any State Opinion, stating reasons, filed if plan disapproved.authority to the contrary notwithstanding. In the event that the judge should disapprove the plan he shall file an opinion stating his reasons therefor. “(i) Revenue Act of 1932. *Ante*, p. 272. The provisions of sections 721, 722, 723, 724, and 725 of the Revenue Act of 1932 shall not apply to the issuance, transfers, or exchange of securities or filing of conveyances to make effective any plan of reorganization confirmed under the provisions of this section. “(j) Property thereafter free of debtors’ claims. Upon the confirmation of the plan the property dealt with by the plan, when transferred and conveyed to the debtor or other corporation or corporations provided for by the plan, or if no trustee or trustees have been appointed when held by the debtor pursuant to the plan, shall, as the court may direct, be free and clear Exception.of all claims of the debtor, its stockholders and creditors, except such as may consistently with the provisions of the plan be reserved in the order confirming the plan or directing such transfer and conveyance, and the court may direct the trustee or trustees, or if there be no trustee or trustees the debtor, to make any such transfer and conveyance, and may direct the debtor to join in any such transfer Final decree.Discharge of trustees.or conveyance made by the trustee or trustees. Upon the termination of the proceeding a final decree shall be entered discharging the trustee or trustees, if any, making such provisions as may be equitable, and closing the case. “(k) Filing petition, when receiver appointed. If a receiver of all or any part of the property of a corporation has been appointed by a Federal or State court, whether before or after this amendatory Act takes effect, the railroad corporation may nevertheless file a petition or answer under this section at any time thereafter, but if it does so and the petition is approved the trustee or trustees appointed under the provisions of this section Trustees entitled to possession of property.shall be entitled forthwith to possession of such property, and the judge shall make such orders as he may deem equitable for the protection of obligations incurred by the receiver and for the payment of such reasonable administrative expenses and allowances in the prior proceeding as may be fixed by the court appointing said receiver within maximum limits approved by the commission. If a receiver has been appointed by a Federal or State court prior to 1481the dismissal under subdivision (c), clause (7), of a proceedingDismissal directing transfer. under this section, the judge may include in the order of dismissal appropriate provisions directing the trustee to transfer possession of the debtor’s property within the territorial jurisdiction of such court to the receiver so appointed, upon such terms as the judge may deem equitable for the protection of obligations incurred by the trustee and for the payment of administrative expenses and allowances in the proceeding hereunder. For the purposes of this section the words ‘ Federal court ’ shall include the district courts of the ‘Federal court’ construed.United States and of the Territories and possessions to which this Act is or may hereafter be applicable, the Supreme Court of the District of Columbia, and the United States Court of Alaska. “(l) In addition to the provisions of section 11 of this Act for Further stay of pending suits.Vol. 30, p. 549.the staying of pending suits against the debtor, such suits shall be further stayed until after final decree the judge may, upon notice and for cause shown, enjoin or stay the commencement or continuance of any judicial proceeding to enforce any lien upon the estate until after final decree. “(m) A certified copy of an order confirming a plan of reorganization Certified copy of confirming order.shall be evidence of the jurisdiction of the court, the regularity of the proceedings, and the fact that the order was made. What evidence of.A certified copy of an order directing the transfer and conveyance of the property dealt with by the plan as provided in subdivision
(j)of this section shall be evidence of the transfer and conveyance of title accordingly, and if recorded shall impart the same notice that a deed if recorded would impart. “(n) In proceedings under this section and consistent with Effect of proceedings hereunder.the provisions thereof, the jurisdiction and powers of the court, the duties of the debtor and the rights and liabilities of creditors, and of all persons with respect to the debtor and his property, shall be the same as if a voluntary petition for adjudication had been filed and a decree of adjudication had been entered on the day when the debtor’s petition was filed. “(o) No judge or trustee acting under this Act shall change the Prohibitions.Changing railroad wages, etc.wages or working conditions of railroad employees, except in the manner prescribed in the Railroad Labor Act, or as set forth in the memorandum of agreement entered into in Chicago, Illinois, on January 31, 1932, between the executives of twenty-one standard labor organizations and the committee of nine authorized to represent Class 1 railroads. “(p) No judge or trustee acting under this Act shall deny or Denying right to affiliate with labor organization.in any way question the right of employees on the propertv under his jurisdiction to join the labor organization of their choice, and it shall be unlawful for any judge, trustee, or receiver to interfere in any way with the organizations of employees, or to use the funds of the railroad under his jurisdiction, in maintaining so-called company unions, or to influence or coerce employees in an effort to induce them to join or remain members of such company unions. “(q) No judge, trustee, or receiver acting under this Act shall Requiring prospective employee to agree not to join, etc., labor organization.require any person seeking employment on the property under his jurisdiction to sign any contract or agreement promising to join or to refuse to join a labor organization; and if such contract has been enforced on the property prior to the property coming under the jurisdiction of said judge, trustee, or receiver, then the said judge, trustee, or receiver, as soon as the matter is called to his attention, shall notify the employees by an appropriate order that said contract has been discarcled and is no longer binding on them in any way. 1482 “(r) “Railroad corporation,” construed. The term ‘railroad corporation’ as used in this Act means any common carrier by railroad engaged in the transportation of persons or property in interstate commerce, except a street, suburban, or interurban electric railway which is not operated as a part of a general railroad system of transportation or which does not derive more than 50 per centum of its operating revenues from the transportation of freight in standard steam railroad freight equipment. “(s) Claims for personal injuries. In proceedings under this section, claims for personal injuries Status of.to employees of a railroad corporation, and claims of personal representatives of deceased employees of a railroad corporation arising under State or Federal laws, shall be preferred claims against the assets of such railroad corporation in receivership or in reorganization as herein provided, such claims to be subordinate only to costs of administration of such receivership or reorganization.” " Sec. 2. Effective date of Act. This Act shall take effect and be in force from and after the date of its approval, and shall apply as fully to debtors, their stockholders and creditors, whose interest or debts, whether secured or unsecured, have been acquired or incurred prior to such date, as to debtors, their stockholders and creditors, whose interest or debts have been acquired or incurred after such date. Proceedings under section 1 of this Act may be taken in proceedings in bankruptcy which are pending on the effective date of this Act. Sec. 3. Deposit of bankrupt funds. In all bankruptcy proceedings the officers and agents in charge of the bankrupt funds are authorized to deposit the same without limit as to amount in the postal savings depositories at the prescribed interest rate in all cases where local banks are unable or unwilling to give the required security. Such deposit or any portion thereof may be withdrawn as required in the bankruptcy proceedings. Approved, March 3, 1933. To authorize and direct the Secretary of the Navy to convey by gift to the city of Savannah, Georgia, the naval radio station, the buildings and apparatus, located upon land owned by said city. 1933-03-03 205 Chapter 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 2024-12-27 47 Stat. 1482 72 2 public [CHAPTER 205.] AN ACT To authorize and direct the Secretary of the Navy to convey by gift to the city of Savannah, Georgia, the naval radio station, the buildings and apparatus, located upon land owned by said city.March 3, 1933.[[S. 2374](/us/bill/72/s/2374).][[Public, No. 421](/us/pl/72/421).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Savannah, Ga.Naval radio station at, conveyed to city. That if and when the naval radio station at Savannah, Georgia, is no longer required for naval purposes, the Secretary of the Navy is authorized and directed to convey by gift, to the city of Savannah, State of Georgia, the said naval radio station, which radio station is located on land No Federal expense.belonging to the city of Savannah, together with all the buildings and apparatus thereof; but no expense shall be caused the United States hereunder. Approved, March 3, 1933. To regulate the business of executing bonds for compensation in criminal cases and to improve the administration of justice in the District of Columbia. 1933-03-03 206 Chapter 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 2024-12-27 47 Stat. 1482 72 2 public [CHAPTER 206.] AN ACT To regulate the business of executing bonds for compensation in criminal cases and to improve the administration of justice in the District of Columbia.March 3, 1933.[[S. 4082](/us/bill/72/s/4082).][
Connectionstraces to 1
Traces to 1 document
statutes-at-large
Citation graph
cites case law
Public Law 421
to establish a uniform system of bankruptcy throughout the United States,” as amended by the Acts of February 5, 1903, June 15, 1906, June 25, 1910, March 2, 1917, January 7, 1922, May 27, 1926, and February 11, 1932, be, and it is hereby, amended by adding thereto a new chapter to read as follows:
Cites 1Cited by 0 across 0 sources