Public Law 626.

1,219 words·~6 min read·/statutes-at-large/vol-49/public-law-626·

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(/us/pl/74/625).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That in commemoration Lynchburg, Va.Coinage commemorating sesquicentennial of, authorized.of the one hundred and fiftieth anniversary of the issuance of the charter to the city of Lynchburg, Virginia, there shall be coined at a mint of the United States to be designated by the Director of the Mint not to exceed twenty thousand silver 50-cent pieces of Number.standard size, weight, and composition and of a special appropriate single design to be fixed by the Director of the Mint, with the approval of the Secretary of the Treasury, but the United States No Federal expense for dies, etc.shall not be subject to the expense of making the necessary dies and other preparations for this coinage.

Sec. 2. The coins herein authorized shall bear the date 1936, irrespective Issue to Lynchburg Sesqui-Centennial Association.of the year in which they are minted or issued, shall be legal tender in any payment to the amount of their face value, and shall be issued only upon the request of the Lynchburg Sesqui-Centennial Association upon payment by it of the par value of such coins, but not less than five thousand such coins shall be issued to it at any one time and no such coins shall be issued after the expiration of one year after the date of enactment of this Act.

Such coins Disposal.may be disposed of at par or at a premium by such association, and the net proceeds shall be used by it in defraying the expenses incidental and appropriate to the commemoration of such event. 1388 Sec. 3. Coinage laws applicable. All laws now in force relating to the subsidiary silver coins of the United States and the coining or striking of the same, regulating and guarding the process of coinage, providing for the purchase of material, and for the transportation, distribution, and redemption of coins, for the prevention of debasement or counterfeiting, for the security of the coins, or for any other purposes, whether such laws are penal or otherwise, shall, so far as applicable, apply to the coinage herein authorized.

Approved, May 28, 1936. To authorize municipal corporations in the Territory of Alaska to incur bonded indebtedness, and for other purposes. 1936-05-28 467 Chapter 49 Stat. 1388 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 467.] AN ACT To authorize municipal corporations in the Territory of Alaska to incur bonded indebtedness, and for other purposes.

May 28, 1936.[[H. R. 8766](/us/bill/74/hr/876). ][[Public, No. 626](/us/pl/74/626).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Alaska.Municipal corporations authorized to incur bonded indebtedness (or public works, etc. That municipal corporations in the Territory of Alaska are hereby authorized to construct, improve, extend, better, repair, reconstruct, or acquire public works of a permanent character and to incur bonded indebtedness and issue negotiable bonds for any or all of such *Proviso*.Limitation on amount.purposes: *Provided, however*, That no Work included.municipal corporation shall incur a bonded indebtedness or issue its negotiable bonds under this Act to an amount which, including existing bonded indebtedness shall exceed 10 per centum of the aggregate taxable value of the real and personal property within the corporate limits of such municipal corporation.

Such public work shall include but not be limited to streets, bridges, wharves and harbor facilities, sewers and sewage-disposal plants, municipal buildings, schools, libraries, gymnasia and athletic fields, fire houses, and public utilities. Sec. 2. Submission and approval provisions. No bonded indebtedness shall be incurred by any municipal corporation in the Territory of Alaska unless the proposal to incur such indebtedness be first submitted to and approved by not less than 65 per centum of the qualified electors of such municipal corporation whose names appear on the last tax assessment roll or record of such Notice of election.municipality for purposes of municipal taxation.

Not less than twenty days’ notice of any such election shall be given by posting notices of the same in three conspicuous places within the corporate limits of such municipal corporation, one of which shall be posted at the Registration, ballot, etc.front door of the United States Post Office therein. The registration for such election, the manner of conducting the same, the form of ballot, and the canvass of the returns shall be prescribed by the governing body of such municipality.

Sec. 3. Bonds; form, maturity, denominations, etc. Bonds issued pursuant to this Act shall bear such date or dates, may be in such denominations, may mature in such amounts and at such time or times, not exceeding thirty years from the date thereof, may be payable at such place or places, may be sold at either public or private sale, may be redeemable (either with or without premium) or nonredeemable, may carry such registration privileges as to either principal and interest, or principal only, and may be executed by such officers and in such manner, as shall be. prescribed by the governing body of the municipality issuing the bonds.

In case any of the officers whose signatures appear on the bonds or coupons shall cease to be such officers before delivery of such bonds, such signatures, whether manual or facsimile, shall, nevertheless, be valid and sufficient for all purposes, the same as if Interest rate.such officers had remained in office until such delivery. The bonds so issued shall bear interest at a rate to be fixed by the governing body of the municipality issuing the same, not to exceed, however, 61389per centum per annum, payable semiannually.

All such bonds shall be sold for not less than the principal amount thereof plus accrued interest. Sec. 4. It shall be the duty of the governing body of every municipalAnnual levy for interest payments and retirement of bonds. corporation which incurs such bonded indebtedness to levy or cause to be levied each year during the life of such outstanding bonds, taxes in amounts sufficient to seasonably provide for payment and to pay all interest on and the principal or such obligations as they respectively accrue and mature.

Sec. 5. All Acts and parts of Acts in conflict herewith are hereby Inconsistent laws repealed.Existing indebtedness not affected.repealed to the extent of such conflict; but nothing contained in this Act shall affect any bonded indebtedness heretofore incurred or heretofore authorized by law. The powers conferred by this Act Powers, limitations, etc.shall be in addition and supplemental to and the limitations imposed hereby shall not affect the powers conferred by any other law.

Approved, May 28, 1936. To grant a renewal of Patent Numbered 59560 relating to the emblem of the Disabled American Veterans of the World War. 1936-05-28 468 Chapter 49 Stat. 1389 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 468.] AN ACT To grant a renewal of Patent Numbered 59560 relating to the emblem of the Disabled American Veterans of the World War.

May 28, 1936.[[H. R. 9995](/us/bill/74/hr/9995).][

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Public Law 626

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Stat.Public Law 629

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