Public Law 44.
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/statutes-at-large/vol-48/public-law-44·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/73/43).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Home Owners’ Loan Act of 1933. That this Act may be cited as the “Home Owners’ Loan Act of 1933.” definitionsDefinitions. Sec. 2. As used in this Act—
(a)“Board.” The term “Board” means the Federal Home Loan Bank Board created under the Federal Home Loan Bank Act. 129
(b)The term “Corporation” means the Home Owners’ Loan “Corporation.” Corporation created under section 4 of this Act.
(c)The term “home mortgage” means a first mortgage on real “Home mortgage.” estate in fee simple or on a leasehold under a renewable lease for not less than ninety-nine years, upon which there is located a dwelling for not more than four families, used by the owner as a home or held by him as his homestead, and having a value not exceeding $20,000; and the term “first mortgage” includes such classes of first liens “First mortgage.” as are commonly given to secure advances on real estate under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
(d)The term “association” means a Federal Savings and Loan “Association.” Association chartered by the Board as provided in section 5 of this Act. repeal of direct loan provision of federal home loan bank act Federal Home Loan Bank Act. Sec. 3. Subsection
(d)of section 4 of the Federal Home Loan Repeal of direct loan provision. Vol. 47, p. 727, repealed. Bank Act (providing for direct loans to home owners) is hereby repealed. creation of home owners’ loan corporation Home Owners’ Loan Corporation. Sec. 4.
(a)The Board is hereby authorized and directed to create Creation of, as United States agent under direction, etc., of the Board. a corporation to be known as the Home Owners’ Loan Corporation, which shall be an instrumentality of the United States, which shall have authority to sue and to be sued in any court of competent *Post*, p. 506. jurisdiction, Federal or State, and which shall be under the direction of the Board and operated by it under such bylaws, rules, and regulations as it may prescribe for the accomplishment of the purposes and intent of this section. The members of the Board shall constitute Board members to constitute board of directors of Corporation. the board of directors of the Corporation and shall serve as such directors without additional compensation.
(b)The Board shall determine the minimum amount of capital Determination of amount, authorized capital stock. stock of the Corporation and is authorized to increase such capital stock from time to time in such amounts as may be necessary, but not to exceed in the aggregate $200,000,000. Such stock shall be subscribed Subscriptions by Secretary of the Treasury. for by the Secretary of the Treasury on behalf of the United States, and payments for such subscriptions shall be subject to call in whole or in part by the Board and shall be made at such time or times as the Secretary of the Treasury deems advisable. The Corporation Receipts as evidence of stock ownership. shall issue to the Secretary of the Treasury receipts for payments by him for or on account of such stock, and such receipts shall be evidence of the stock ownership of the United States. In order Payments to be made by allocations from Reconstruction Finance Corporation. to enable the Secretary of the Treasury to make such payments when called, the Reconstruction Finance Corporation is authorized and directed to allocate and make available to the Secretary of the Treasury the sum of $200,000,000, or so much thereof as may be necessary, and for such purpose the amount of the notes, bonds, debentures, or Notes, etc., of Corporation increased. Vol. 47, p. 9, amended. other such obligations which the Reconstruction Finance Corporation is authorized and empowered under section 9 of the Reconstruction Finance Corporation Act, as amended, to have outstanding at any one time, is hereby increased by such amounts as may be necessary.
(c)The Corporation is authorized to issue bonds in an aggregate Corporation authorized to issue interest bearing bonds. *Post*, pp. 643, 1263. Denominations, maturity, etc. amount not to exceed $2,000,000,000, which may be sold by the Corporation to obtain funds for carrying out the purposes of this section, or exchanged as hereinafter provided. Such bonds shall be issued in such denominations as the Board shall prescribe, shall mature within a period of not more than eighteen years from the date of their issue, shall bear interest at a rate not to exceed 4 per centum 130Unconditional guaranty of interest. per annum, and shall be fully and unconditionally guaranteed as to interest only by the United States, and such guaranty shall be Interest provisions. expressed on the face thereof. In the event that the Corporation shall be unable to pay upon demand, when due, the interest on any such bonds, the Secretary of the Treasury shall pay to the Corporation the amount of such interest, which is hereby authorized to be appropriated out of any money in the Treasury not otherwise appropriated, and the Corporation shall pay the amount of such interest to the holders of the bonds. Upon the payment of such interest by the Secretary of the Treasury the amount so paid shall become an obligation to the United States of the Corporation and shall bear interest at the same rate as that borne by the bonds upon which the interest Bonds to be tax exempt. has been so paid. The bonds issued by the Corporation under this subsection shall be exempt, both as to principal and interest, from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States or any District, Territory, dependency, or possession thereof, or by any State, county, Corporation, including resources. municipality, or local taxing authority. The Corporation, including its franchise, its capital, reserves and surplus, and its loans and Real property excepted. income, shall likewise be exempt from such taxation; except that any real property of the Corporation shall be subject to taxation to the same extent, according to its value, as other real property is taxed.
(d)Exchange of Corporation bonds for home mortgages, etc. The Corporation is authorized, for a period of three years after the date of enactment of this Act,
(1)to acquire in exchange for bonds issued by it, home mortgages and other obligations and liens secured by real estate (including the interest of a vendor under a purchase-money mortgage or contract) recorded or filed in the proper office or executed prior to the date of the enactment of this Act, and
(2)in connection with any such exchange, to make advances in cash Cash advances, for tax payments, repairs, and incidentals. to pay the taxes and assessments on the real estate, to provide for necessary maintenance and make necessary repairs, to meet the incidental expenses of the transaction, and to pay such amounts, not exceeding $50, to the holder of the mortgage, obligation, or lien acquired as may be the difference between the face value of the bonds exchanged plus accrued interest thereon and the purchase Total advance not to exceed 80 percent of home value. price of the mortgage, obligation, or lien. The face value of the bonds so exchanged plus accrued interest thereon and the cash so advanced shall not exceed in any case $14,000, or 80 per centum of the value of the real estate as determined by an appraisal made by the Corporation, whichever is the smaller. In any case in which the amount of the face value of the bonds exchanged plus accrued interest thereon and the cash advanced is less than the amount the home owner owes with respect to the home mortgage or other obligation or lien so acquired by the Corporation, the Corporation shall credit the difference between such amounts to the home owner and shall reduce the amount owed by the home owner to the Corporation Acquired mortgage to be carried as a first lien or be refinanced; basis. to that extent. Each home mortgage or other obligation or lien so acquired shall be carried as a first lien or refinanced as a home mortgage by the Corporation on the basis of the price paid therefor by the Amortization payments. Corporation, and shall be amortized by means of monthly payments sufficient to retire the interest and principal within a period of not to exceed fifteen years; but the amortization payments of any home Different periods allowed. owner may be made quarterly, semiannually, or annually, if in the judgment of the Corporation the situation of the home owner requires Interest on unpaid balance. it. Interest on the unpaid balance of the obligation of the home owner to the Corporation shall be at a rate not exceeding 5 per Extensions. centum per annum. The Corporation may at any time grant an extension of time to any home owner for the payment of any installment of principal or interest owed by him to the Corporation if, in 131 the judgment of the Corporation, the circumstances of the home owner and the condition of the security justify such extension, and no payment of any installment of principal shall be required during the period of three years from the date this Act takes effect if the Condition. home owner shall not be in default with respect to any other condition or covenant of his mortgage. As used in this subsection, the “Real estate” defined. term “real estate” includes only real estate held in fee simple or on a leasehold under a lease renewable for not less than ninety-nine years, upon which there is located a dwelling for not more than four families used by the owner as a home or held by him as a homestead and having a value not exceeding $20,000. No discrimination shall Default by municipality, etc, not to affect mortgage. be made under this Act against any home mortgage by reason of the fact that the real estate securing such mortgage is located in a municipality, county, or taxing district which is in default upon any of its obligations.
(e)The Corporation is further authorized, for a period of three Cash loans on unencumbered property. years from the date of enactment of this Act, to make loans in cash subject to the same limitations and for the same purposes for which cash advances may be made under subsection
(d)of this section, in cases where the property is not otherwise encumbered; but no such Maximum. loan shall exceed 50 per centum of the value of the property securing the same as determined upon an appraisal made by the Corporation. Each such loan shall be secured by a duly recorded home mortgage, Security. Conditions. and shall bear interest at the same rate and shall be subject to the same provisions with respect to amortization and extensions as are applicable in the case of obligations refinanced under subsection
(d)of this section.
(f)The Corporation is further authorized, for a period of three Cash advances when mortgagee, etc., does not accept Corporation bonds in exchange, and home owner unable to borrow elsewhere. years from the date of enactment of this Act, in any case in which the holder of a home mortgage or other obligation or lien eligible for exchange under subsection
(d)of this section does not accept the bonds of the Corporation in exchange as provided in such subsection and in which the Corporation finds that the home owner cannot obtain a loan from ordinary lending agencies, to make cash advances to such home owner in an amount not to exceed 40 per Limitation. centum of the value of the property for the purposes specified in such subsection (d). Each such loan shall be secured by a duly recorded Security. home mortgage and shall bear interest at a rate of interest which shall be uniform throughout the United States, but which in no event shall exceed a rate of 6 per centum per annum, and shall be Provisions respecting amortization, etc. subject to the same provisions with respect to amortization and extensions as are applicable in cases of obligations refinanced under subsection
(d)of this section.
(g)The Corporation is further authorized, for a period of three Cash advances for redemption of foreclosed homes. *Post*, p. 645. years from the date of the enactment of this Act, to exchange bonds and to advance cash, subject to the limitations provided in subsection
(d)of this section, to redeem or recover homes lost by the owners by foreclosure or forced sale by a trustee under a deed of trust or under power of attorney, or by voluntary surrender to the mortgagee within two years prior to such exchange or advance.
(h)The Board shall make rules for the appraisal of the property Rules for appraising, etc., directed. on which loans are made under this section so as to accomplish the purposes of this Act.
(i)Any person indebted to the Corporation may make payment Corporation bonds accepted in payment. to it in part or in full by delivery to it of its bonds which shall be accepted for such purpose at face value.
(j)The Corporation shall have power to select, employ, and fix Personal services authorized. the compensation of such officers, employees, attorneys, or agents as shall be necessary for the performance of its duties under this Act, 132 without regard to the provisions of other laws applicable to the Pay limitation. employment or compensation of officers, employees, attorneys, or agents of the United States. No such officer, employee, attorney, or agent shall be paid compensation at a rate in excess of the rate provided by law in the case of the members of the Board. The Franking privilege. Corporation shall be entitled to the free use of the United States mails for its official business in the same manner as the executive Expenditures authorized. departments of the Government, and shall determine its necessary expenditures under this Act and the manner in which they shall be incurred, allowed, and paid, without regard to the provisions of any Division of expenses. other law governing the expenditure of public funds. The Corporation shall pay such proportion of the salary and expenses of the members of the Board and of its officers and employees as the Board Federal Home Loan Bank facilities. may determine to be equitable, and may use the facilities of Federal Home Loan Banks, upon making reasonable compensation therefor as determined by the Board.
(k)Administrative rules, etc. Corporation bonds, etc., retirement. *Post*, p. 647. The Board is authorized to make such bylaws, rules and regulations, not inconsistent with the provisions of this section, as may be necessary for the proper conduct of the affairs of the Corporation. The Corporation is further authorized and directed to retire and cancel the bonds and stock of the Corporation as rapidly as the resources of the Corporation will permit. Upon the retirement of such stock, the reasonable value thereof as determined by the Board shall be paid into the Treasury of the United States and the receipts Liquidation proceedings. issued therefor shall be canceled. The Board shall proceed to liquidate the Corporation when its purposes have been accomplished, and shall pay any surplus or accumulated funds into the Treasury of the Payment of dividends. *Post*, p. 644. United States. The Corporation may declare and pay such dividends to the United States as may be earned and as in the judgment of the Board it is proper for the Corporation to pay. federal savings and loan associationsFederal Savings and Loan Associations. Sec. 5.
(a)Purposes of organization, operation, etc. In order to provide local mutual thrift institutions in which people may invest their funds and in order to provide for the financing of homes, the Board is authorized, under such rules and regulations as it may prescribe, to provide for the organization, incorporation, examination, operation, and regulation of associations Designation, powers, etc. to be known as “Federal Savings and Loan Associations”, and to issue charters therefor, giving primary consideration to the best practices of local mutual thrift and home-financing institutions in the United States.
(b)Capital. Retirement of shares. Limitation. Such associations shall raise their capital only in the form of payments on such shares as are authorized in their charter, which shares may be retired as is therein provided. No deposits shall be accepted and no certificates of indebtedness shall be issued except for such borrowed money as may be authorized by regulations of the Board.
(c)Loans; security. Such associations shall lend their funds only on the security of their shares or on the security of first liens upon homes or combination of homes and business property within fifty miles of their *Provisos*. Maximum, on any one parcel. Other real estate. home office: *Provided*, That not more than $20,000 shall be loaned on the security of a first lien upon any one such property; except that not exceeding 15 per centum of the assets of such association may be Each secured by first lien. loaned on other improved real estate without regard to said $20,000 limitation, and without regard to said fifty-mile limit, but secured by Investment of association assets. first lien thereon: *And provided further*, That any portion of the assets of such associations may be invested in obligations of the United States or the stock or bonds of a Federal Home Loan Bank. 133
(d)The Board shall have full power to provide in the rules and Rules for reorganization, etc., authorized. regulations herein authorized for the reorganization, consolidation, merger, or liquidation of such associations, including the power to appoint a conservator or a receiver to take charge of the affairs of any such association, and to require an equitable readjustment of the capital structure of the same; and to release any such association from such control and permit its further operation.
(e)No charter shall be granted except to persons of good character Provisions for granting charters. and responsibility, nor unless in the judgment of the Board a necessity exists for such an institution in the community to be served, nor unless there is a reasonable probability of its usefulness and success, nor unless the same can be established without undue injury to properly conducted existing local thrift and home-financing institutions.
(f)Each such association, upon its incorporation, shall become Incorporated association as member of Federal Home Loan Bank. automatically a member of the Federal Home Loan Bank of the district in which it is located, or if convenience shall require and the Board approve, shall become a member of a Federal Home Loan Bank of an adjoining district. Such associations shall qualify for such membership in the manner provided in the Federal Home Loan Bank Act with respect to other members.
(g)The Secretary of the Treasury is authorized on behalf of the Secretary authorized to subscribe for association preferred stock. *Post*, pp. 279, 647. United States to subscribe for preferred shares in such associations which shall be preferred as to the assets of the association and which shall be entitled to a dividend, if earned, after payment of expenses and provision for reasonable reserves, to the same extent as other shareholders. It shall be the duty of the Secretary of the Treasury to subscribe for such preferred shares upon the request of the Board; but the subscription by him to the shares of any one association shall Limitations. not exceed $100,000, and no such subscription shall be called for unless in the judgment of the Board the funds are necessary for the encouragement of local home financing in the community to be served and for the reasonable financing of homes in such community. Payment on such shares may be called from time to time by the association, subject to the approval of the Board and the Secretary of the Treasury; but the amount paid in by the Secretary of the Treasury shall Not to exceed aggregate shares of all other holders. at no time exceed the amount paid in by all other shareholders, and the aggregate amount of shares held by the Secretary of the Treasury shall not exceed at any time the aggregate amount of shares held by all other shareholders. To enable the Secretary of the Treasury to Sum authorized. make such subscriptions when called there is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, the sum of $100,000,000, to be immediately available and to remain available until expended. Each such association shall issue Receipts. receipts for such payments by the Secretary of the Treasury in such form as may be approved by the Board, and such receipts shall be evidence of the interest of the United States in such preferred shares to the extent of the amount so paid. Each such association shall Provision for retiring preferred shares held by Secretary. make provision for the retirement of its preferred shares held by the Secretary of the Treasury, and beginning at the expiration of five years from the time of the investment in such shares, the association shall set aside one third of the receipts from its investing and borrowing shareholders to be used for the purpose of such retirement. In case of the liquidation of any such association the shares held by Such shares retired at par in event of liquidation. the Secretary of the Treasury shall be retired at par before any payments are made to other shareholders.
(h)Such associations, including their franchises, capital, reserves, Association, etc., to be tax free. and surplus, and their loans and income, shall be exempt from all taxation now or hereafter imposed by the United States, and all shares 134 of such associations shall be exempt both as to their value and the Exception. income therefrom from all taxation (except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States; and no State, Territorial, county, municipal, or local taxing authority shall impose any tax on such associations or their franchise, capital, reserves, surplus, loans, or income greater than that imposed by such authority on other similar local mutual or cooperative thrift and home financing institutions.
(i)Federal Home Loan member may convert into a Federal Savings and Loan Association. Any member of a Federal Home Loan Bank may convert itself into a Federal Savings and Loan Association under this Act upon a vote of its stockholders as provided by the law under which it operates; but such conversion shall be subject to such rules and regulations as the Board may prescribe, and thereafter the converted association shall be entitled to all the benefits of this section and shall be *Post*, pp. 645, 646. subject to examination and regulation to the same extent as other associations incorporated pursuant to this Act. encouragement of saving and home financingEncouragement of saving and home financing. Sec. 6. To enable the Board to encourage local thrift and local home financing and to promote, organize, and develop the associations Appropriation authorized. *Post*, p. 276. herein provided for or similar associations organized under local laws, there is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, the sum of $150,000, to be immediately available and remain available until expended, subject to the call of the Board, which sum, or so much thereof as may be necessary, the Board is authorized to use in its discretion for the accomplishment of the purposes of this section without regard to the provisions of any other law governing the expenditure of public funds. Sec. 7. Applicability of provisions. The provisions of this Act shall apply to the continental United States, to the Territories of Alaska and Hawaii, and to Puerto Rico and the Virgin Islands. penaltiesPenalties. Sec. 8.
(a)False statements, misrepresentations, etc. Whoever makes any statement, knowing it to be false, or whoever willfully overvalues any security, for the purpose of influencing in any way the action of the Home Owners’ Loan Corporation or the Board or an association upon any application, advance, discount, purchase, or repurchase agreement, or loan, under this Act, or any extension thereof by renewal deferment, or action or otherwise, or the acceptance, release, or substitution of security therefor, shall be punished by a fine of not more than $5,000, or by imprisonment for not more than two years, or both.
(b)Forgery, counterfeiting, etc. Whoever
(1)falsely makes, forges, or counterfeits any note, debenture, bond, or other obligation or coupon, in imitation of or purporting to be a note, debenture, bond, or other obligation, or coupon, issued by the Home Owners’ Loan Corporation or an association; or
(2)passes, utters, or publishes, or attempts to pass, utter, or publish, any false, forged, or counterfeited note, debenture, bond, or other obligation, or coupon, purporting to have been issued by the Home Owners’ Loan Corporation or an association, knowing the same to be false, forged, or counterfeited; or
(3)falsely alters any note, debenture, bond or other obligation, or coupon, issued or purporting to have been issued by the Home Owners’ Loan Corporation or an association; or
(4)passes, utters, or publishes, or attempts to pass, utter, or publish, as true any falsely altered or spurious note, debenture, bond, or other obligation, or coupon, issued or purporting to have been issued by the Home Owners’ Loan Corporation or an 135 association, knowing the same to be falsely altered or spurious, shall be punished by a fine of not more than $10,000, or by imprisonment for not more than five years, or both.
(c)Whoever, being connected in any capacity with the Board or Embezzlement, etc. the Home Owners’ Loan Corporation or an association
(1)embezzles, abstracts, purloins, or willfully misapplies any moneys, funds, securities, or other things of value, whether belonging to it or pledged or otherwise intrusted to it; or
(2)with intent to defraud the Board or the Home Owners’ Loan Corporation or an association, or any other body politic or corporate, or any individual, or to deceive any officer, auditor, or examiners of the Board or the Home Owners’ Loan Corporation or an association, makes any false entry in any book, report, or statement of or to the Board or the Home Owners’ Loan Corporation or an association, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, mortgage, judgment, or decree thereof, shall be punished by a fine of not more than $10,000, or by imprisonment for not more than five years, or both.
(d)The provisions of sections 112, 113, 114, 115, 116, and 117 of Acceptance, etc., of consideration by Members of Congress. Vol. 35, pp. 1108–1109. [U.S.C., p. 475](/us/usc/p475). the Criminal Code of the United States (U.S.C., title 18, secs. 202 to 207, inclusive), insofar as applicable, are extended to apply to contracts or agreements of the Home Owners’ Loan Corporation and an association under this Act, which, for the purposes hereof, shall be held to include advances, loans, discounts, and purchase and repurchase agreements; extensions and renewals thereof; and acceptances, releases, and substitutions of security therefor.
(e)No person, partnership, association, or corporation shall make Exacting charges for designated services. any charge in connection with a loan by the Corporation or an exchange of bonds or cash advance under this Act except ordinary *Post*, p. 647. charges authorized and required by the Corporation for services actually rendered for examination and perfecting of title, appraisal, and like necessary services. Any person, partnership, association, or corporation violating the provisions of this subsection shall, upon conviction thereof, be fined not more than $10,000, or imprisoned not more than five years, or both. separability provision Separability of provisions. Sec. 9. If any provision of this Act, or the application thereof to any person or circumstances, is held invalid, the remainder of the Act, and the application of such provision to other persons or circumstances, shall not be affected thereby. Approved, June 13, 1933. Granting the consent of Congress to the State of Oregon to construct, maintain, and operate a toll bridge across the Umpqua River at or near Reedsport, Douglas County, Oregon. Chapter 65 48 Stat. 135 1933-06-13 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 2024-12-11 73 1 public [CHAPTER 65.] AN ACT Granting the consent of Congress to the State of Oregon to construct, maintain, and operate a toll bridge across the Umpqua River at or near Reedsport, Douglas County, Oregon.June 13, 1933.[[S. 1745](/us/bill/73/s/1745).][[Public, No. 44](/us/pl/73/44).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the consent Umpqua River. Oregon may bridge, at Reedsport. *Post*, p. 804. of Congress is hereby granted to the State of Oregon to construct, maintain, and operate a bridge and approaches thereto across the Umpqua River, at a point suitable to the interests of navigation, at or near Reedsport, Douglas County, Oregon, in accordance with the Construction. Vol. 34, p. 84. provisions of an Act entitled “An Act to regulate the construction of bridges over navigable waters”, approved March 23, 1906, and subject to the conditions and limitations contained in this Act. 136 Sec. 2. Rates of tolls applied to operation, sinking fund, etc. If tolls are charged for the use of such bridge, the rates of toll shall be so adjusted as to provide a fund sufficient to pay the reasonable cost of maintaining, repairing, and operating the bridge and its approaches under economical management, and to provide a sinking fund sufficient to amortize the cost of the bridge and its approaches, including reasonable interest and financing cost, as soon as possible under reasonable charges, but within a period of not to Maintenance as free bridge after amortizing costs, etc. exceed fifteen years from the completion thereof. After a sinking fund sufficient for such amortization shall have been so provided, such bridge shall thereafter be maintained and operated free of tolls, or the rates of toll shall thereafter be so adjusted as to provide a fund of not to exceed the amount necessary for the proper maintenance, repair, and operation of the bridge and its approaches under Record of expenditures and receipts to be kept. economical management. An accurate record of the costs of the bridge and its approaches, the expenditures for maintaining, repairing, and operating the same, and of the daily tolls collected, shall be kept and shall be available for the information of all persons interested. Sec. 3. Amendment. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, June 13, 1933. Granting the consent of Congress to the State of Oregon to construct, maintain, and operate a toll bridge across Yaquina Bay at or near Newport, Lincoln County, Oregon. Chapter 66 48 Stat. 136 1933-06-13 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 2024-12-11 73 1 public [CHAPTER 66.] AN ACT Granting the consent of Congress to the State of Oregon to construct, maintain, and operate a toll bridge across Yaquina Bay at or near Newport, Lincoln County, Oregon.June 13, 1933.[[S. 1746](/us/bill/73/s/1746).][
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