Public Law 326.

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(/us/pl/74/325).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Public school districts, etc.Reconstruction Finance Corporation to make loans for the benefit of certain. That the Reconstruction Finance Corporation is hereby authorized and empowered to make loans out of the funds of the Corporation in an aggregate amount not exceeding $10,000,000 to or for the benefit of tax-supported public-school districts or other similar public-school authorities in charge of public schools, organized pursuant to the laws of the several States, Territories, and the District of Columbia.Sums to be equally allocated.

Such aggregate amount shall be allocated equitably among the several States and Territories, and the District of Columbia, on the basisPurpose of loans. of demonstrated need. Such loans shall be made for the purpose of enabling any such district or authority which, or any State, municipality, or other public body which, is authorized to incur indebtedness for the benefit of public schools (herein referred to as the “borrower”) to reduce and refinance outstanding indebtedness or obligations which have been incurred prior to the enactment of this Act for the purpose of financing the construction, operation and/or maintenance of public-school facilities.

Terms and conditions.Vol. 47, p. 6; [U. S. C., p. 573](/us/usc/p573). Such loans shall be subject to the same terms and conditions as loans made under section 5 of the Reconstruction Finance Corporation Act, as amended, except that

(1)the term of any such loansSecurity. shall not exceed thirty-three years;

(2)each such loan shall, in the opinion of the Corporation, be reasonably and adequately secured, and, in respect to the type of security, shall be secured

(a)by bonds, notes, or other obligations for the payment of which shall be pledged the full faith and credit and taxing power of the borrower or of such taxing authority as may be authorized pursuant to State law to levy assessments, taxes, or other charges for the benefit of public schools, and/or

(b)by bonds, notes, or other obligations which are a lien on real property of the borrower, and/or

(c)by such otherBorrower not to assume further indebtedness. collateral as may be acceptable to the Corporation;

(3)the borrower shall agree not to issue during the term of the loan any other obligations so secured, and insofar as it may lawfully do so, shall agree not to assume during such term any further indebtedness for the benefit of public schools, except with the consent of the Corpora-797tion;

(4)the borrower shall agree, insofar as it may lawfully doRepayment provisions. so, that so long as any part of such loan shall remain unpaid the borrower will in each year apply to the repayment of such loan or to the purchase or redemption of the obligations issued to evidence such loan, an amount equal to the amount by which the assessments, taxes and other funds received by it for the benefit of public schools exceeds

(a)the cost of operation and maintenance of the public-school facilities which are financed in whole or in part by such amount of assessments, taxes or other charges, received by it;

(b)the debt charges on its outstanding obligations; and

(c)provisions for such reasonable reserves as may be approved by the Corporation. No loan shall be made under this section until the Corporation (a)Appraisal, etc., requirements. has caused an appraisal to be made of the taxpaying ability of the taxing district or other territory throughout which assessments, taxes, or other charges are authorized to be levied for the purpose of paying the costs of, or for the purpose of securing funds to repay indebtedness incurred to finance the construction, operation, and/or maintenance of the public-school facilities on account of which the indebtedness was incurred or obligations assumed which are to be reduced and refinanced in connection with a loan from the Corporation made under this section;

(b)has been satisfied that an agreementRefinancing. has been entered into with the holders of outstanding bonds, notes, and/or other obligations incurred by or for the benefit or the tax-supported public-school district or other similar public-school authority in charge of public schools which indebtedness or obligations are to be reduced and refinanced in connection with a loan from the Corporation, under which agreement it will be possible to purchase, reduce, or refund all or a major portion of the aggregate of outstanding indebtedness and obligations incurred by or on behalf of such district or authority at a price determined by the Corporation to be reasonable after taking into consideration the average market price of the evidences of the indebtedness or obligations to be reduced and refinanced over the six months’ period ending January 1, 1935, and under which a substantial reduction will be brought about in the aggregate of such outstanding indebtedness and obligations; and

(c)has determined, in view of suchFinding of economic soundness. appraisal of taxpaying ability and of such substantial reduction in the aggregate of such outstanding indebtedness and obligations, that the operation of the public-school facilities to refinance indebtedness or obligations incurred for the benefit of which a loan from the Corporation is applied for under this section, is economically sound and will promote the general welfare of the community. When any loan is authorized pursuant to the provisions of thisAdditional loans for repairs, etc. section and it shall then or thereafter appear that repairs and necessary extensions or improvements to the public-school facilities, to refinance the indebtedness or obligations incurred for the benefit of which such loan is authorized, are necessary or desirable for the further assurance of the ability of the borrower to repay such loan, the Corporation, within the limitation as to total amount provided in this section, may make an additional loan or loans to such borrower for such purposes. The proceeds of any loan applied for by a borrower under thisUse of proceeds of loans. section may be paid either to such borrower or to the holders or representatives of the holders of the bonds, notes, and/or other obligations to be reduced and refinanced in connection with sucb loan, and such loans may be made upon promissory notes collateraled by such bonds, notes, and/or other obligations, or through the purchase of securities issued or to be issued by such borrower. 798 Sec. 2. Not available for payment of teachers’ salaries.Vol. 48, p. 1113. No loan shall be made by the Corporation under this Act where any part of the proceeds of such loan are to be used for purposes authorized by section 16 of the Act approved June 19, 1934 (Public, Numbered 417, Seventy-third Congress). Approved, August 24, 1935. To provide for the erection of a suitable memorial to the Fourth Division, American Expeditionary Forces. 1935-08-24 647 Chapter 49 Stat. 798 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 647.] JOINT RESOLUTION To provide for the erection of a suitable memorial to the Fourth Division, American Expeditionary Forces. August 24, 1935.[[S. J. Res. 69](/us/bill/74/sjres/69).][[Pub. Res., No. 55](/us/bill/74/pubres/55).] Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, Fourth Division, American Expeditionary Forces.Erection of memorial to. That the Director of the National Park Service be, and he is hereby, authorized and directed to grant permission to the Fourth Division Memorial Association, American Expeditionary Forces, through Major General George II. Cameron, United States Army, retired, president, or his successors in office, for the erection as a gift to the people of the United States on public grounds in the District of Columbia, a memorial to the*Provisos*.Approval of site and design required.Supervision. Fourth Division: *Provided*, That the design and location for the memorial shall be approved by the National Commission of Fine Arts: *Provided further*, That such monument shall be erected under the supervision of the Director of the National Park Service, of the Department of the Interior, and that the United States shall be put to no expense in or by the erection of said monument. Approved, August 24, 1935. Authorizing the State of Arizona to transfer to the town of Benson without cost title to section 16, township 17 south, range 20 east, Gila and Salt River meridian, for school and park purposes. 1935-08-24 648 Chapter 49 Stat. 798 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 648.] JOINT RESOLUTION Authorizing the State of Arizona to transfer to the town of Benson without cost title to section 16, township 17 south, range 20 east, Gila and Salt River meridian, for school and park purposes. August 24, 1935.[[H. J. Res. 276.](/us/bill/74/hjres/276)][[Pub. Res., No. 56.](/us/bill/74/pubres/56)] Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, State of Arizona.May transfer certain land to town of Benson.Statutory restrictions waived.Vol. 36, p. 574. That notwithstanding the provisions of section 28 of the Act of Congress approved June 20, 1910 (36 Stat. 557–572), the State of Arizona is authorized to transfer without cost to the town of Benson title to section 16, township 17 south, range 20 east, Gila and Salt River meridian for park purposes. Approved, August 24, 1935. To convey certain lands and buildings to the city of Reno, Nevada. 1935-08-26 680 Chapter 49 Stat. 798 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 680.] AN ACT To convey certain lands and buildings to the city of Reno, Nevada. August 26, 1935.[[S. 144](/us/bill/74/s/144).][[Public, No. 326](/us/pl/74/326).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Reno, Nev.Conveyance of certain lands and buildings to, authorized.Description. That the Secretary of the Treasury is authorized and directed to convey, by quitclaim deed, on behalf of the United States, to the city of Reno, Nevada, the hereinafter described parcels of land, located in such city, together with such buildings as may be situated thereon:

(1)Beginning at the intersection of the east side line of Virginia Street with the south side line of East Front Street, in the city of Reno, Nevada, and running thence easterly and along the south side line of such East Front Street one hundred and sixty feet, thence southerly and parallel with the east side line of such Virginia Street one hundred fifteen and eighty-seven one-hundredths feet, thence deflect right eighty-one degrees forty-six minutes for a distance of one hundred thirty-three and one-tenth feet, thence deflect left twenty-one degrees seventeen minutes for a distance of thirty-two799 and thirty-three one-hundredths feet to the intersection of the east side line of such Virginia Street, thence northerly and along the east side line of such Virginia Street one hundred forty-four and thirty one-hundredths feet to the place of beginning; and

(2)beginning at a point on the east side line of Virginia Street, in the city of Reno, Nevada, one hundred forty-four and thirty one-hundredths feet southerly from the intersection of the east side line of such Virginia Street with the south line of such East Front Street, and running thence easterly deflecting right sixty degrees twenty-nine minutes for a distance of thirty-two and thirty-three one-hundredths feet, thence deflect right twenty-one degrees seventeen minutes for a distance of one hundred thirty-three and one-tenth feet, thence southerly and parallel with the east side line of such Virginia Street sixty-five feet, more or less, to the northerly boundary of the Truckee River, thence westerly along the northerly boundary of the Truckee River to its intersection with the east side line of such Virginia Street, thence northerly and along the east side line of such Virginia Street, sixty and two one-hundredths feet, more or less, to the point of beginning. The consideration for said conveyance is the sum of $7,500, lawfulPurchase price. money of the United States, to be paid by the city of Reno, Nevada, to the Secretary of the Treasury upon the execution and delivery of said conveyance. Approved, August 26, 1935. To amend sections 3 and 4 of the Act of July 3, 1930, entitled “An Act for the rehabilitation of the Bitter Root irrigation project, Montana.” 1935-08-26 681 Chapter 49 Stat. 799 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 681.] AN ACT To amend sections 3 and 4 of the Act of July 3, 1930, entitled “An Act for the rehabilitation of the Bitter Root irrigation project, Montana.” August 26, 1935.[[S. 946.](/us/bill/74/s/946)][[Public, No. 327.](/us/pl/74/327)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the SecretaryBitter Root irrigation project, Mont.Segregation authorized of repayment obligation.Vol. 46, p. 852. of the Interior is authorized and directed to negotiate and execute a contract with the Bitter Root Irrigation District, amending as provided herein articles 3 and 6 of the contract dated August 24, 1931, between the United States of America and said irrigation district. The amended contract shall segregate the district’s obligation into two components:

(1)All money advanced to the district underLiquidating outstanding indebtedness. section 2, subsection

(1)of the Act of July 3, 1930; for liquidating bonded and other outstanding indebtedness of said district; and

(2)all money advanced or used under section 2, subsections

(2)andAdvances for construction, etc.

(3)of said Act for construction, betterment, and repair work. All money advanced under component

(1)shall be repaid to the UnitedInterest on first component. States within the period fixed in said contract, with interest at 4 per centum per annum until paid: *Provided*, That all interest now due*Proviso*.Unpaid, to be merged with principal.Interest not modified. and unpaid on component

(1)shall be added to and merged with the principal sum advanced under that component. Nothing herein contained shall be construed as authorizing a modification in said amendatory contract of the interest charges heretofore paid by the district under the contract of August 24, 1931. Sec. 2. The amended contract shall provide also that all moneyDistrict relieved of interest on componentVol. 46, p. 852. advanced or used under section 2, subsections

(2)and

(3)of the Act of July 3, 1930, shall be repaid to the United States without interest within the period fixed in said contract, and in the case ofDefault cases excepted. default in the payment when due of any installment fixed by the Secretary for repayment of money advanced or used under said section 2, subsections

(2)and (3), there shall be added to the payment unpaid a penalty of one-half of 1 per centum of the amount unpaid on the 1st day of each month thereafter so long as such default shall continue. Approved, August 26, 1935. To add certain lands to the Pisgah National Forest in the State of North Carolina. 1935-08-26 682 Chapter 49 Stat. 800 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 800 [CHAPTER 682.] AN ACT To add certain lands to the Pisgah National Forest in the State of North Carolina. August 26, 1935.[[S. 1787.](/us/bill/74/s/1787)][[Public, No. 328.](/us/pl/74/328)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Pisgah National Forest, N. C.Designated lands added to. That the tract of land in Buncombe County, North Carolina, locally known as the “Grove Tract”, acquired by the United States on December 19, 1927, for the use of the Veterans’ Administration, being approximately four hundred and forty-two acres, be, and the same is hereby, added to the Pisgah National Forest and made subject to all laws and regulations relating to the use and administration of the national*Proviso*.Water conservation. forests: *Provided, however*, That the tract shall be so managed as to conserve and protect the water thereon, which water shall remain available for the use of the Veterans’ Administration. Approved, August 26, 1935. To authorize an appropriation to pay non-Indian claimants whose claims have been extinguished under the Act of June 7, 1924, but who have been found entitled to awards under said Act as supplemented by the Act of May 31, 1933. 1935-08-26 683 Chapter 49 Stat. 800 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 683.] AN ACT To authorize an appropriation to pay non-Indian claimants whose claims have been extinguished under the Act of June 7, 1924, but who have been found entitled to awards under said Act as supplemented by the Act of May 31, 1933. August 26, 1935.[[S. 2608.](/us/bill/74/s/2608)][[Public, No. 329.](/us/pl/74/329)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Indian pueblos in New Mexico.Payments to non-Indian claimants for certain extinguished claims.Vol. 43, p. 636.*Post*, p. 1765. That there is hereby authorized to be appropriated, out of any money in the Treasury not otherwise appropriated, a sum to compensate white settlers or non-Indian claimants whose claims have been extinguished under the Act of June 7, 1924 (43 Stat. L. 636), but who have been found by the Secretary of the Interior, in conformity with theVol. 48, p. 109. proviso to section 3 of the Act of May 31, 1933 (48 Stat. L. 108, 109), to be entitled to increased compensation by reason of errors in the amount of award previously allowed, or entitled to original awards by reason of errors in the omission of legitimate claimants.Amounts found due. The non-Indian claimants, or their successors, as found and reported by the Secretary of the Interior, to be compensated out of said appropriation to be disbursed under the direction of the Secretary of the Interior in the amounts found to be due them, as follows: Within the pueblo of Isleta, $1,876.72; within the pueblo of San Ildefonso, $9,371.52; within the pueblo of San Juan, $23,122.83; within the pueblo of Santa Clara, $2,810.69; within the pueblo of Pojoaque, $2,474.13; within the pueblo of Nambe, $1,985; within the pueblo of Sandia, $368.90; within the pueblo of Picuris, $278.64; within the pueblo of Cochiti, $1,088.90; within the pueblo of Jemez, $2,000; in all, $45,377.33. Approved, August 26, 1935. To authorize the sale of Federal buildings. 1935-08-26 684 Chapter 49 Stat. 800 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 684.] AN ACT To authorize the sale of Federal buildings. August 26, 1935.[[S. 2626](/us/bill/74/s/2626).][

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49 Stat. 798

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