Public Law 425. forbidding the transportation of any person in interstate or foreign commerce, kidnaped, or otherwise unlawfully detained, and making such act a felony”, as amended (48 Stat. 781; U

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(/us/pl/74/424).] *Be it enacted, by the Senate and House of Representatives of the United States of America in Congress assembled*, That the Act Federal Kidnaping Act, amendment.Vol. 48, p. 781; [U. S. C., p. 756](/us/usc/p756).entitled “An Act forbidding the transportation of any person in interstate or foreign commerce, kidnaped, or otherwise unlawfully detained, and making such act a felony”, as amended (48 Stat. 781; U. S. C., title 18, secs. 408a, 408b, and 408c, be, and it is hereby, amended by the addition of the following section:

" “Sec. 4. Whoever receives, possesses, or disposes of any money or Knowingly handling ransom money, etc.other property, or any portion thereof, which has at any time been delivered as ransom or reward in connection with a violation of section 1 of this Act, knowing the same to be money or property which has been at any time delivered as such ransom or reward, shall be Punishment.punished by a fine of not more than $10,000 or imprisonment in the penitentiary for not more than ten years, or both.

” " Approved, January 24, 1936. To provide for the immediate payment of World War adjusted service certificates, for the cancelation of unpaid interest accrued on loans secured by such certificates, and for other purposes. 1936-01-27 32 Chapter 49 Stat. 1099 74 2 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 32.] AN ACT To provide for the immediate payment of World War adjusted service certificates, for the cancelation of unpaid interest accrued on loans secured by such certificates, and for other purposes.

January 27, 1936.[[H. R. 9870](/us/bill/74/hr/9870).][[Public, No. 425](/us/pl/74/425).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That notwithstanding Adjusted Compensation Payment Act, 1936.[U. S. C., p. 1680.](/us/usc/p1680)the provisions of the World War Adjusted Compensation Act, as amended (U. S. C., 1934 edition, title 38, ch. 11), the adjusted-service certificates issued under’ the authority of such Act are hereby Immediate payment of certificates.declared to be immediately payable.

Payments on account of such certificates shall be made in the manner hereinafter provided upon application therefor to the Administrator of Veterans’ Affairs, under such rules and regulations as he may prescribe, and upon surrender of the certificates and all rights thereunder (with or without the consent of the beneficiaries thereof). The payment in each case shall Amount.be in an amount equal to the face value of the certificate, except that if, at the time of application for payment under this Act, the principal and unpaid interest accrued prior to October 1, 1931, with respect to any loan upon any such certificate has not been paid in full by the veteran (whether or not the loan has matured), then the Administrator shall

(1)pay or discharge such unpaid principal and interest as is necessary to make the certificate available for payment under this Act,

(2)deduct such unpaid principal and so much of such unpaid interest as accrued prior to October 1, 1931, from the amount of the face value of the certificate, and

(3)certify to the Secretary of the Treasury as payable an amount equal to the difference between the face value of the certificate and the amount so deducted. 1100 Sec. 2.Interest accrued since September 30, 1931. In the case of each loan heretofore made pursuant to law by the Administrator of Veterans’ Affairs and/or by any national bank, or any bank or trust company incorporated under the laws of any State, Territory, possession, or the District of Columbia, upon the security of an adjusted-service certificate, any interest unpaid accrued subsequent to September 30, 1931, that has been or, in consequence of existing law, would be charged against the face value of such certificate shall be canceled insofar as the veteran is concerned, notwithstanding any provision of law to the contrary. Any interest on any such loan payable to any such bank or trust company shall be paid by the Administrator of Veterans’ Affairs. Unpaid loans held by banks, etc.In the case of any such loan which is unpaid and held by a bank or trust company at the time of filing an application under this Act, the bank or trust company holding the note and certificate shall, upon notice from the Administrator of Veterans’ Affairs, present them to the Administrator for payment to the bank or trust company in full satisfaction of its claim for the amount of unpaid principal and unpaid interest, except that if the bank or trust company, after such notice, fails to present the certificate and note to the Administrator within fifteen days after the mailing of the notice, such interest shall be paid only up to the fifteenth day after the mailing of such notice. Sec. 3. Application for payment.

(a)An application under this Act for payment of a certificate may be made and filed at any time before the maturity of the certificate

(1)personally by the veteran, or

(2)in case physical or mental incapacity prevents the making or filing of a personal application, then by such representative of the veteran and in such manner as may be by regulations prescribed. An application made by a person other than a representative authorized by such regulations shall be held void.

(b)If veteran dies after making application. If the veteran dies after the application is made and before it is filed it may be filed by any person. If the veteran dies after the application is made it shall be valid if the Administrator of Veterans’ Affairs finds that it bears the bonafide signature of the applicant, discloses an intention to claim the benefits of this Act, and. is filed before payment is made to the beneficiary. If the death occurs after the application is filed but before the receipt of the payment under this Act, or if the application is filed after the death occurs but before mailing of the check in payment to the Vol. 43, p. 125.[U. S. C., p. 1683](/us/usc/p1683). beneficiary under section 501 of the World War Adjusted Compensation Act, as amended, payment under this Act shall be made to the estate of the veteran irrespective of any beneficiary designation. If the veteran dies without making a valid application under this If veteran dies without making application.Act no payment under this Act shall be made. If the veteran dies on or after the passage of this Act without having filed an application under section 1, in making any settlement there shall be deducted on account of any loan made on an adjusted-service certificate only interest accuring11 So in original. prior to October 1, 1931.

(c)If application cannot be found. Where the records of the Veterans’ Administration show that an application, disclosing an intention to claim the benefits of this Act, has been filed and the application cannot be found, such application shall be presumed, in the absence of affirmative evidence to the contrary, to have been valid when originally filed.

(d)Optional payment.Vol. 43. p. 123.[U. S. C., p. 1685](/us/usc/p1685).*Ante*, p. 729.If at the time this Act takes effect a veteran entitled to receive an adjusted-service certificate has not made application therefor he shall be entitled, upon application made under section 302 of the World War Adjusted Compensation Act, as amended, to1101 receive, at his option, under such rules and regulations as the Administrator may prescribe, either the certificate under section 501 of such Act, as amended, or payment under this Act. Sec. 4. The amount certified pursuant to section 1 of this Act Issuance of bonds. *Post*, pp. 1396, 1982.shall be paid to the veteran or his estate on or after June 15, 1936, by the Secretary of the Treasury by the issuance of bonds of the United States, registered in the name of the veteran only, in denominations of $50 having a total face value up to the highest multiple of $50 in the amount certified as due the veteran, and the difference between the amount certified as due the veteran and the face amount of the bonds so issued shall be paid to the veteran or his estate by the Secretary of the Treasury out of the fund created by section 505 Vol. 43, p. 128.[U. S. C., p. 1685.](/us/usc/p1685)Date and maturity.of the World War Adjusted Compensation Act, as amended. The bonds shall be dated June 15, 1936, and shall mature on June 15, 1945, but shall be redeemable at the option of the veteran or his Optional redemption.estate at any time, at such places, including post offices, as the Secretary of the Treasury may designate. Such bonds shall be [U. S. C., pp. 1418, 1419](/us/usc/pp1418/1419).issued under the authority and subject to the provisions of the Second Liberty Bond Act, as amended, and shall not be transferable,Non transferable. assignable, subject to attachment, levy, or seizure under any legal or equitable process and shall be payable only to the veteran or, in case of death or incompetence of the veteran, to the representative of his estate. Interest on each bond issued hereunder shall accrue at Interest.the rate of 3 per centum per annum from June 15, 1936, to date of maturity or payment of the principal of the bond, whichever is earlier, and will be paid with such principal: *Provided, however*, *Provisos*.Exception.That no interest will be paid on any bond redeemed prior to June 15, 1937. The provisions of this section shall be carried out subject to Regulations.regulations of the Secretary of the Treasury to be issued from time to time to effectuate the purposes of this Act. Sec. 5.The Secretary of the Treasury is authorized and directed U. S. Government life insurance fund.Redemption of certificates held by.to redeem from the United States Government life insurance fund all adjusted-service certificates held by that fund on account of loans made thereon, and to pay to the United States Government life insurance fund the amount of the outstanding liens against such certificates, including all interest due or accrued, together with such amounts as may be due under subdivision

(m)of section 502 Vol. 43, p. 126; [U. S. C., p. 1685](/us/usc/p1685).of the World War Adjusted Compensation Act, as amended. Exchange for bonds.The Secretary of the Treasury is authorized and directed to make such payment by issuing, to the United States Government life insurance fund, bonds of the United States which shall bear interest at the rate of 4½ per centum per annum. No such bonds shall mature or Maturity.be callable until the expiration of a period of at least ten years from date of issue, except that any such bond shall be redeemed by the Secretary of the Treasury and the principal and accrued interest thereon paid to the United States Government life insurance fund at any time upon certification by the Administrator of Veterans’ Affairs that the amount represented by such bond is required to meet current liabilities. Bonds issued for the purposes of this section Provisions to apply.[U. S. C., pp. 1418, 1419](/us/usc/pp1418/1419),shall be issued under the Second Liberty Bond Act, as amended, subject to the provisions of this section. Sec. 6. The adjusted-service certificate fund is hereby made available Availability of certificate fund.for payments authorized by this Act. Sec. 7. Notwithstanding the provisions of Public Law Numbered No deductions.*Ante*, p. 607.262, Seventy-fourth Congress, approved August 12, 1935, no deductions on account of any indebtedness of the veteran to the United States, except on account of any lien against the adjusted-service Exception.certificate authorized by law, shall be made from the adjusted-service 1102credit or from any amounts due under the World War Adjusted Compensation Act, as amended, or this Act Sec. 8. Appropriations authorized.*Post*, pp. 1125, 1182.Separability provision. There is hereby authorized to be appropriated such sums as may be necessary to carry out the provisions of this Act. Sec. 9. If any provision of this Act, or the application thereof to any person or circumstance, is held invalid, the remainder of the Act, and the application of such provision to other persons or circumstances, shall not be affected thereby. Sec. 10.Penalty provision. Whoever knowingly makes any false or fraudulent statement of a material fact in any application, certificate, or document made under the provisions of this Act, shall, upon conviction thereof, be fined not more than $1,000, or imprisoned not more than five years, or both. Sec. 11. Citation of Act.This Act may be cited as the Adjusted Compensation Payment Act, 1936. Joseph W. Byrns *Speaker of the House of Representatives.* Jno. N. Garner *Vice President of the United States and President of the Senate*. In the House of Representatives of the United States, *January 24, 1936*. Certificate of the House of Representatives.The House of Representatives having proceeded to reconsider the bill (H. R. 9870) entitled “An Act to provide for the immediate payment of World War adjusted service certificates, for the cancelation of unpaid interest accrued on loans secured by such certificates, and for other purposes,” returned by the President of the United States with his objections, to the House of Representatives, in which it originated, it was Resolved, That the said bill pass, two-thirds of the House of Representatives agreeing to pass the same. Attest: South Trimble *Clerk*. I certify that this Act originated in the House of Representatives. South Trimble *Clerk*. In the Senate of the United States, *January 16 (calendar day, January 27), 1936.* Certificate of the Senate.The Senate having proceeded to reconsider the bill (H. R. 9870) entitled “An Act to provide for the immediate payment of World War adjusted service certificates, for the cancelation of unpaid interest accrued on loans secured by such certificates, and for other purposes”, returned by the President of the United States to the House of Representatives, in which it originated, with his objections, and passed by the House on a reconsideration of the same, it was Resolved, That the said bill do pass, two-thirds of the Senators present having voted in the affirmative. Attest: Edwin A. Halsey *Secretary.* Authorizing the Perry County Bridge Commission of Perry County, Indiana, to construct, maintain, and operate a toll bridge across the Ohio River at or near Cannelton, Indiana. 1936-01-27 33 Chapter 49 Stat. 1103 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 1103 [CHAPTER 33.] AN ACT Authorizing the Perry County Bridge Commission of Perry County, Indiana, to construct, maintain, and operate a toll bridge across the Ohio River at or near Cannelton, Indiana. January 27, 1936.[[S. 2887](/us/bill/74/s/2887).][

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Public Law 425

forbidding the transportation of any person in interstate or foreign commerce, kidnaped, or otherwise unlawfully detained, and making such act a felony”, as amended (48 Stat. 781; U

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