Public Law 12.

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(/us/pl/74/11).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Loans to farmers for crop production, etc., during 1935. That the Governor of the Farm Credit Administration, hereinafter in this Act referred to as the “Governor”, is hereby authorized to make loans to farmers in the United States (including Alaska, Hawaii, and Puerto Rico), Feed for livestock.during the year 1935, for fallowing, for the production of crops, for harvesting of crops, and for feed for livestock, or for any of such Loans through agencies.purposes.

Such loans shall be made and collected through such agencies, upon such terms and conditions, and subject to such regulations, as the Governor shall prescribe. Sec. 2. First liens required.

(a)There shall be required as security for any such loan a first lien, or an agreement to give a first lien, upon all crops of which the production or harvesting, or both, is to be financed, in whole or in part, with the proceeds of such loan ; or, in case of any loan for the purchase or production of feed for livestock, a first lien upon the Fees.livestock to be fed. Fees for recording, filing, and registering shall not exceed 75 cents per loan and may be deducted from the proceeds Interest rate.Collection of loans.of the loan. Each loan shall bear interest at the rate of 5½ per centum per annum. For the purpose of carrying out the provisions of this Act and collecting loans made under other Acts of the same Vol. 48, p. 1056.general character, including loans made by the Governor with funds appropriated by the Emergency Appropriation Act, fiscal year 1935, Facilities available.the Governor may use the facilities and services of the Farm Credit Administration and any institution operating under its supervision, or of any officer or officers thereof, and may pay for such services and the use of such facilities from the funds made available for the payment of necessary administrative expenses; and such institutions are hereby expressly empowered to enter into agreements with the Governor for the accomplishment of such purposes.

(b)Maximum loan.*Proviso*.Distressed emergency areas. The amount which may be loaned to any borrower pursuant to this Act shall not exceed $500: *Provided, however*, That in any area certified by the President of the United States to the Governor29 as a distressed emergency area, the Governor may make Ioans without regard to the foregoing limitations as to amount, under such regulations and with such maturities as he may prescribe therefor.

(c)No loan shall be made under this Act to any applicant whoConditions prescribed. shall not have first established to the satisfaction of the proper officer or employee of the Farm Credit Administration, under such regulations as the Governor may prescribe:

(1)that such applicant isApplicant unable to procure elsewhere. unable to procure from other sources a loan in an amount reasonably adequate to meet his needs for the purposes for which Ioans may be made under this Act; and

(2)that such applicant is cooperatingCooperating under Agricultural Adjustment program.Vol. 48, p. 31. directly in the crop production control program of the Agricultural Adjustment Administration or is not proposing to increase his 1935 production of basic agricultural commodities in a manner detrimental to the success of such program. Sec. 3.

(a)The moneys authorized to be loaned by the GovernorLoans declared impressed with a trust. under this Act are declared to be impressed with a trust to accomplish the purposes provided for by this Act (namely, for fallowing, production, harvesting, or feed), which trust shall continue until the moneys loaned pursuant to this Act have been used by the borrower for such purposes.

(b)It shall be unlawful for any person to make any material falseUnlawful acts.False representations. representation for the purpose of obtaining, or assisting another to obtain, a loan under the provisions of this Act; or willfully to dispose of, or assist in disposing of, except for the account of the Governor, any crops or other property upon which there exists a lien securing a loan made under the provisions of this Act.

(c)It shall be unlawful for any person to charge a fee for theFee for preparing application. purpose of preparing or assisting in the preparation of any papers of an applicant for a loan under the provisions of this Act.

(d)Any person violating any of the provisions of this Act shall,Punishment for violations. upon conviction thereof, be punished by a fine of not more than $1,000, or by imprisonment for not more than six months, or both. Sec. 4. The Governor shall have power, without regard to the provisionsOfficers and employees authorized. of other laws applicable to the employment and compensation of officers and employees of the United States, to employ and fix the compensation and duties of such agents, officers, and employees as mayCompensation.Vol. 42, p, 1488; Vol. 45, p. 776; Vol. 46, p. 1003.[U. S. C., p. 85](/us/usc/85). be necessary to carry out the purposes of this Act; but the compensation of such officers and employees shall correspond, so far as the Governor deems practicable, to the rates established by the Classification Act of 1923, as amended. Sec. 5.

(a)There is hereby authorized to be appropriated, out ofSum authorized.*Post*, pp. 50, 1458. any money in the Treasury not otherwise appropriated, the sum of not to exceed $60,000,000, or so much thereof as may be necessary, to carry out the provisions of this Act. Any part of such sum mayTransfer of unobligated funds made available under designated acts. be made up as follows: All unobligated balances of appropriations and funds available thereunder to enable the Secretary of Agriculture or the Governor to make advances or loans under the following Acts and Resolutions, and all repayments of such advances and loans and interest: March 3, 1921 (41 Stat. 1347); March 20, 1922 (42 Stat. 467); April 26, 1924 (43 Stat. 110); February 28, 1927 (44 Stat. 1251); February 25, 1929 (45 Stat. 1306), as amended May 17, 1929 (46 Stat. 3); March 3, 1930 (46 Stat. 78, 79); December 20, 1930 (46 Stat. 1032), as amended February 14, 1931 (46 Stat. 1160); February 23, 1931 (46 Stat. 1276); March 3, 1932 (47 Stat. 60); February 4, 1933 (47 Stat. 795); February 23, 1934 148 Stat. 354); and June 19, 1934 (48 Stat. 1021).

(b)The moneys made available under subsection (a), and all collectionsUse for administrative expenses. of both principal and interest on loans made under this Act, may be used by the Governor for making loans under this Act and30 for all necessary administrative expenses in making and collecting such loans.

(c)Printing and binding.[U. S. C., p. 1803](/us/usc/1803). Expenditures for printing and binding necessary in carrying out the provisions of this Act may be made without regard to the provisions of section 3709 of the Revised Statutes. Approved, February 20, 1935. To postpone the effective date of certain restrictions respecting air-mail contracts. 1935-02-21 16 Chapter 49 Stat. 30 74 1 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 public [CHAPTER 16.] AN ACT To postpone the effective date of certain restrictions respecting air-mail contracts. February 21, 1935.[[S. 932](/us/bill/74/s/932).][[Public, No. 12](/us/pl/74/12).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Air mail, postal service.Extension of contracts authorized.Vol. 48, pp. 938, 1243.*Post*, p, 918. That section 15 of the Act entitled “An Act to revise air-mail laws, and to establish a commission to make a report to the Congress recommending an aviation policy approved June 12, 1934, as amended, is amended by striking out “March 1, 1935” and inserting in lieu thereof “April 1, 1936”. Approved, February 21, 1935. To further extend the time for constructing a bridge across the Missouri River at or near Saint Charles, Missouri. 1935-02-21 17 Chapter 49 Stat. 30 74 1 United States Government Publishing Office text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Digitization Vendor 2025-01-07 public [CHAPTER 17.] AN ACT To further extend the time for constructing a bridge across the Missouri River at or near Saint Charles, Missouri. February 21, 1935.[[S. 1144](/us/bill/74/s/1144).][

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