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Code · STATUTES-AT-LARGE · Vol. 48 STAT. · March 9, 1933 · Public Law 57

Public Law 57. to provide relief in the existing national emergency in banking, and for other purposes”, approved March 9, 1933, is amended by— (a) striking out the whole of section 301 of title III thereof and inserting in lieu thereof the following: " “Sec. 301

774 words·~4 min read·/statutes-at-large/vol-48/public-law-57·

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(/us/pl/73/56).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Act entitled Emergency Bank Act, amendment. *Ante*, p. 5, amended. “An Act to provide relief in the existing national emergency in banking, and for other purposes”, approved March 9, 1933, is amended by—
(a)striking out the whole of section 301 of title III thereof and inserting in lieu thereof the following: " “Sec. 301. Notwithstanding any other provision of law, any national Preferred stock. Issue of more than one class, by vote of shareholders, permitted. banking association may, with the approval of the Comptroller of the Currency and by vote of shareholders owning a majority of the stock of such association, upon not less than five days’ notice, given by registered mail pursuant to action taken by its board of directors, issue preferred stock of one or more classes, in 148Amount, par value, etc. such amount and with such par value as shall be approved by said Comptroller, and make such amendments to its articles of association as may be necessary for this purpose; but, in the case of any newly organized national banking association which has not yet Payment. issued common stock, the requirement of notice to and vote of shareholders shall not apply. No issue of preferred stock shall be valid until the par value of all stock so issued shall be paid in.” "
(b)Subsection repealed. *Ante*, p. 5. Paying dividends upon preferred stock. striking out the whole of subsection
(a)of section 302 of the said title III and inserting in lieu thereof the following: " “Notwithstanding any other provision of law, whether relating to restriction upon the payment of dividends upon capital stock or otherwise, the holders of such preferred stock shall be entitled to receive such cumulative dividends at a rate not exceeding 6 per Voting, etc., rights. centum per annum and shall have such voting and conversion rights and such control of management, and such stock shall be subject Retirement provisions. to retirement in such manner and upon such conditions, as may be provided in the articles of association with the approval of the Personal liability. Comptroller of the Currency. The holders of such preferred stock shall not be held individually responsible as such holders for any debts, contracts, or engagements of such association, and shall not be liable for assessments to restore impairments in the capital of such association as now provided by law with reference to holders of common stock.” " Approved, June 15, 1933. Amending section 74 of the Judicial Code, as amended (U.S.C., Annotated title 28, sec. 147). Chapter 80 48 Stat. 148 1933-06-15 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 80.] AN ACT Amending section 74 of the Judicial Code, as amended (U.S.C., Annotated title 28, sec. 147).June 15, 1933.[[S. 1650](/us/bill/73/s/1650).][[Public, No. 57](/us/pl/73/57).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the State of United States courts.Vol. 36, p. 1108, Vol. 41, p. 1146, amended.Connecticut judicial district.Term of court. Connecticut shall constitute one judicial district to be known as the “district of Connecticut.” Terms of the district court shall be held at New Haven on the second Tuesday in February and the third Tuesday in September; at Hartford on the second Tuesday in May and the first Tuesday in December; at Norwalk on the third Tuesday Columbia added. in April; and at Columbia on the first Tuesday in September: *Proviso*.Rooms at Norwalk and Columbia. *Provided*, That suitable rooms and accommodations shall be furnished for the holdings of said court and for the use of the officers of said court at Norwalk and Columbia free of expense to the Government of the United States. Approved, June 15, 1933. Granting the consent of Congress to the State of Oregon to construct, maintain, and operate a toll bridge across Alsea Bay at or near Waldport, Lincoln County, Oregon. Chapter 81 48 Stat. 148 1933-06-15 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 81.] AN ACT Granting the consent of Congress to the State of Oregon to construct, maintain, and operate a toll bridge across Alsea Bay at or near Waldport, Lincoln County, Oregon.June 15, 1933.[[S. 1747](/us/bill/73/s/1747).][
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Public Law 57
to provide relief in the existing national emergency in banking, and for other purposes”, approved March 9, 1933, is amended by— (a) striking out the whole of section 301 of title III thereof and inserting in lieu thereof the following: " “Sec. 301
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