Public Law 676.
9,741 words·~44 min read·
/statutes-at-large/vol-49/public-law-676·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/74/675).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That section 1Commodity Exchange Act.Vol. 42, p. 998; [U. S. C., p. 109](/us/usc/p109).Short title. of the Grain Futures Act (U. S. C., 1934 ed., title 7, sec. 1) is amended to read as follows: “That this Act may be cited as the ‘Commodity Exchange Act.’” Sec. 2. The Grain Futures Act (U. S. C., 1934 ed., title 7, secs. 1 to 17, inclusive) is amended by striking out the word “grain” wherever it appears in such Act and inserting in lieu thereof “commodity”,Scope.
“any commodity”, or “commodities”, as the case may require, and by striking out the phrase “cash grain” wherever such phrase appears and inserting in lieu thereof “any cash commodity”. Sec. 3. Section 2 of the Grain Futures Act (U. S. C., 1934 ed.,Vol. 42, p. 998; [U. S. C., p. 109](/us/usc/p109). title 7, secs.Grain Futures Act amended. 2, 3 and 4) is amended by—
(a)striking out the third sentence of paragraph
(a)and insertingDefinitions.“Commodity”. in lieu thereof the following: “The word ‘commodity’ shall mean wheat, cotton, rice, corn, oats, barley, rye, flaxseed, grain sorghums, mill feeds, butter, eggs and Solanum tuberosum (Irish potatoes).”; and
(b)adding at the end of paragraph
(a)the following sentences:“Cooperative association of producers.” “The words ‘cooperative association of producers’ shall mean any cooperative association, corporate or otherwise, not less than 75 per centum in good faith owned or controlled, directly or indirectly, by producers of agricultural products and otherwise complying with anVol. 42, p. 388.[U. S. C., p. 134](/us/usc/p134). Act of Congress of February 18, 1922 (U. S. C., 1934 ed., title 7, secs. 291 and 292), as now or hereafter amended, including any organization acting for a group of such associations and owned or controlled by such associations, provided that business done for or withBusiness done for United States, etc. the United States of America, or any agency thereof, shall not be considered either member or nonmember business in determining the compliance of any such association with said Act of Congress of February 18, 1922. The words ‘member of a contract market’ shall“Member of a contract market.” mean and include individuals, associations, partnerships, corporations, and trusts owning or holding membership in, or admitted to membership representation on, a contract market or given members’ trading privileges thereon. The words ‘futures commission merchant’“Futures commission merchant.” shall mean and include individuals, associations, partnerships, corporations, and trusts engaged in soliciting or in accepting orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market and that, in or in 1492connection with such solicitation or acceptance of orders, accepts any money, securities, or property (or extends credit in lieu thereof) to margin, guarantee, or secure any trades or contracts that result or “Floor broker.”may result therefrom. The words ‘floor broker’ shall mean any person who, in or surrounding any ‘pit’, ‘ring’, ‘post’, or other place provided by a contract market for the meeting of persons similarly engaged, shall engage in executing for others any order for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market, and who for such services “The commission.”receives or accepts any commission or other compensation. The words ‘the commission’ shall mean the Commodity Exchange Commission, consisting of the Secretary of Agriculture, the Secretary of Commerce, and the Attorney General.” Sec. 4. Prohibition against dealings in grain futures.Exceptions. Section 4 of the Grain Futures Act (U. S. C., 1934 ed., title 7, sec. 6) is amended by—
(a)striking out the word “except” at the end of the first paragraph;
(b)striking out all of paragraph (a); and
(c)striking out the parentheses and letter “b” and the word “Where” at the beginning of paragraph
(b)and inserting in lieu thereof the words “except, in any of the foregoing cases, where”. Sec. 5. The Grain Futures Act is amended by adding after section 4 (U. S. C., 1934 ed., title 7, sec. 6) the following new sections: " “Sec. 4a. Excessive speculation in commodities for future delivery causing unreasonable price changes.
(1)Excessive speculation in any commodity under contracts of sale of such commodity for future delivery made on or subject to the rules of contract markets causing sudden or unreasonable fluctuations or unwarranted changes in the price of such commodity, is an undue and unnecessary burden on interstate commerce Commission to proclaim limits on futures trading.in such commodity. For the purpose of diminishing, eliminating, or preventing such burden, the commission shall, from time to time, after due notice and opportunity for hearing, by order, proclaim and fix such limits on the amount of trading under contracts of sale of such commodity for future delivery on or subject to the rules of any contract market which may be done by any person as the commission finds is necessary to diminish, eliminate, or prevent such Different trading limits for different commodities, etc.burden. Nothing in this section shall be construed to prohibit the commission from fixing different trading limits for different commodities, markets, futures, or delivery months, or different trading limits for buying and selling operations, or different limits for the Exempting “spreads” or “straddles.”purposes of subparagraphs
(A)and
(B)of this section, or from exempting transactions commonly known to the trade as ‘spreads’ or ‘straddles’ or from fixing trading limits applying to such transactions different from trading limits fixed for other transactions. “(2) Promulgation of order after reasonable notice. The commission shall, in such order, fix a reasonable time (not to exceed ten days) after the order’s promulgation; after which, and until such order is suspended, modified, or revoked, it shall be unlawful for any person— “(A) Unlawful transactions.Excessive trading in any one business day. directly or indirectly to buy or sell, or agree to buy or sell, under contracts of sale of such commodity for future delivery on or subject to the rules of the contract market or markets to which the order applies, any amount of such commodity during any one business day in excess of any trading limit fixed for one business day by the commission in such order for or with respect to such commodity; or “(B) Excessive net long or net short position in futures transactions. directly or indirectly to buy or sell, or agree to buy or sell, under contracts of sale of such commodity for future delivery on or subject to the rules of any contract market, any amount of such commodity that shall result in giving such person a net long or net short position at any one time in or with respect to any such 1493commodity in excess of any trading limit fixed by the commission for net long or net short position in such order for or with respect to such commodity. “(3) No order issued under paragraph
(1)of this section shallBona fide hedging transactions exempted. apply to transactions which are shown to be bona fide hedging transactions. For the purposes of this paragraph, bona fide hedgingTerm construed. transactions shall mean sales of any commodity for future delivery on or subject to the rules of any board of trade to the extent that such sales are offset in quantity by the ownership or purchase of the same cash commodity or, conversely, purchases of any commodity for future delivery on or subject to the rules of any board of trade to the extent that such purchases are offset by sales of the same cash commodity. There shall be included in the amount of any commodity which may be hedged by any person— “(A) the amount of such commodity such person is raising, orProducers. in good faith intends or expects to raise, within the next twelve months, on land (in the United States or its Territories) which such person owns or leases; “(B) an amount of such commodity the sale of which for futureHedging against sale of products or byproducts of commodities. delivery would be a reasonable hedge against the products or byproducts of such commodity owned or purchased by such person, or the purchase of which for future delivery would be a reasonable hedge against the sale of any product or byproduct of such commodity by such person. “(4) This section shall apply to a person that is registered as aRegistered futures commission merchant dealing on own account. futures commission merchant or as floor broker under authority of this Act only to the extent that transactions made by such person are made on behalf of or for the account or benefit of such person. ThisTransactions by United States, etc. section shall not apply to transactions made by, or on behalf of, or at the direction of, the United States, or a duly authorized agency thereof. “Sec. 4b. It shall be unlawful for any member of a contract market,Contracts of sale by members of contract markets, in interstate commerce.Unlawful acts. or for any correspondent, agent, or employee of any member, in or in connection with any order to make, or the making of
(1)any contract of sale of any commodity in interstate commerce, or
(2)any contract of sale of any commodity for future delivery made, or to be made, on or subject to the rules of any contract market for or on behalf of any person if such contract for future delivery is or may be used for
(a)hedging any transaction in interstate commerce in such commodity or the products or by products thereof, or
(b)determining the price basis of any transaction in interstate commerce in such commodity, or
(c)delivering any such commodity sold, shipped, or received in interstate commerce for the fulfillment thereof— “(A) to cheat or defraud or attempt to cheat or defraud suchCheating, etc. person; “(B) willfully to make or cause to be made to such person anyFalse reports. false report or statement thereof, or willfully to enter or cause to be entered for such person any false record thereof; “(C) willfully to deceive or attempt to deceive such person byWillful deception. any means whatsoever in regard to any such order or contract or the disposition or execution of any such order or contract, or in regard to any act of agency performed with respect to such order or contract for such person; or “(D) to bucket such order, or to fill such order by offset againstBucketing orders, etc. the order or orders of any other person, or willfully and knowingly and without the prior consent of such person to become the buyer in respect to any selling order of such person, or become the seller in respect to any buying order of such person. 1494 Cotton; simultaneous execution of buying and soiling orders for different principals.“Nothing in this section or in any other section of this Act shall be construed to prevent a futures commission merchant or floor broker who shall have in hand, simultaneously, buying and selling orders at the market for different principals for a like quantity of cotton for future delivery in the same month, from executing such buying and *Proviso*.Execution of, at public outcry.Report, recording, and clearing.selling orders at the market price: *Provided*, That any such execution shall take place on the floor of the exchange where such orders are to be executed at public outcry across the ring and shall be duly reported, recorded, and cleared in the same manner as other orders executed on such exchange. “Sec. 4c. Additional unlawful acts. It shall be unlawful for any person to offer to enter into, enter into, or confirm the execution of, any transaction involving any commodity, which is or may be used for
(1)hedging any transaction in interstate commerce in such commodity or the products or byproducts thereof, or
(2)determining the price basis of any such transaction in interstate commerce in such commodity, or
(3)delivering any such commodity sold, shipped, or received in interstate commerce for the fulfillment thereof— “(A) Wash sale , etc. if such transaction is, is of the character of, or is commonly known to the trade as, a ‘wash sale’, ‘cross trade’, or ‘accommodation trade’, or is a fictitious sale; “(B) “Privilege”, etc. if such transaction is, is of the character of, or is commonly known to the trade as, a ‘privilege’, ‘indemnity’, ‘bid’, ‘offer’, ‘put’, ‘call’, ‘advance guaranty’, or ‘decline guaranty’, or “(C) Use of transaction to cause reporting, etc., of untrue price. if such transaction is used to cause any price to be reported, registered, or recorded which is not a true and bona fide price. Exchange of futures In connection with cash commodity transactions, etc.“Nothing in this section shall be construed to prevent the exchange of futures in connection with cash commodity transactions or of futures for cash commodities, or of transfer trades or office trades if made in accordance with board of trade rules applying to such transactions and such rules shall not have been disapproved by the State laws not impaired.Secretary of Agriculture. Nothing in this section or section 4b shall be construed to impair any State law applicable to any transaction enumerated or described in such sections. “Sec. 4d. Futures commission merchants.Qualifications, restrictions, etc. It shall be unlawful for any person to engage as futures commission merchant in soliciting orders or accepting orders for the purchase or sale of any commodity for future delivery, or involving any contracts of sale of any commodity for future delivery, on or subject to the rules of any contract market unless— “(1) Registration. such person shall have registered, under this Act, with the Secretary of Agriculture as such futures commission merchant and such registration shall not have expired nor been suspended nor revoked; and “(2) Treatment of property received to margin, etc., trades.Money and other property belonging to customer. such person shall, whether a member or nonmember of a contract market, treat and deal with all money, securities, and property received by such person to margin, guarantee, or secure the trades or contracts of any customer of such person, or accruing to such customer as the result of such trades or contracts, as Accounting, unauthorized use, etc.belonging to such customer. Such money, securities, and property shall be separately accounted for and shall not be commingled with the funds of such commission merchant or be used to margin or guarantee the trades or contracts, or to secure or extend the credit, of any customer or person other than the one for whom *Provisos*.Deposit, withdrawal, etc.the same are held: *Provided, however*, That such money, securities, and property of the customers of such futures commission merchant may, for convenience, be commingled and deposited in the same account or accounts with any bank or trust company or with the clearing house organization of such contract market, and that such share thereof as in the normal course of business 1495shall be necessary to margin, guarantee, secure, transfer, adjust, or settle the contracts or trades of such customers, or resulting market positions, with the clearing-house organization of such contract market or with any member of such contract market, may be withdrawn and applied to such purposes, including the payment of commissions, brokerage, interest, taxes, storage, and other charges, lawfully accruing in connection with such contracts and trades: *Provided further*, That such money may beInvestments allowed. invested in obligations of the United States, in general obligations of any State or of any political subdivision thereof, in obligations fully guaranteed as to principal and interest by the United States., and in ‘investment securities’ as defined in and under authority of section 5136 of the Revised Statutes, as amended, and, subject to approval by the Secretary of Agriculture,[R. S., sec. 5136, p. 993](/us/rs/s5136/p993).[U. S. C., p. 352](/us/usc/p352).Vol. 48, p. 184. may be loaned on the security of negotiable warehouse receipts conveying or securing title to readily marketable commodities to the extent of the current loan value of such receipts, such investments and loans to be made in accordance with such rules and regulations and subject to such conditions as the Secretary of Agriculture may prescribe. “Sec. 4e. It shall be unlawful for any person to act as floorFloor broker eventing orders for future delivery without being registered. broker in executing any orders for the purchase or sale of any commodity for future delivery, or involving any contracts of sale of any commodity for future delivery, on or subject to the rules of any contract market unless such person shall have registered, under this Act, with the Secretary of Agriculture as such floor broker and such registration shall not have expired nor been suspended nor revoked. “Sec. 4f.
(1)Any person desiring to register as futures commissionApplication for registration. merchant or as floor broker hereunder shall be registered upon application to the Secretary of Agriculture, which application shallForm, manner, etc., to be prescribed. be made in form and manner to be prescribed by the Secretary of Agriculture, giving such information and facts as the Secretary ofInformation to be furnished. Agriculture may deem necessary concerning the business in which the applicant is or will be engaged, including, in the case of applications of futures commission merchants, the names and addresses of theBranch managers, etc. managers of all branch offices and of all correspondents and agents engaged in soliciting or accepting on behalf of such applicant any Orders for the purchase or sale of any commodity for future delivery on or subject to the rules of any board of trade, and including also the names of its officers and partners, if a partnership, and of itsOfficers, directors, etc. officers, directors, and stockholders, as the Secretary of Agriculture may direct, if a corporation. Such person, when registered hereunder,Continuance of reports, etc. shall likewise continue to report and furnish to the. Secretary of Agriculture the above-mentioned information and such other information pertaining to his business as the Secretary of Agriculture may require. All registrations shall expire on the 31st day of DecemberExpiration of registrations; renewals. of the year for which issued; and shall be renewed upon application therefor unless the registration has been suspended (and the period of such suspension has not expired) or revoked after notice and hearing as prescribed in section 4g of this Act. “(2) Any person registered as futures commission merchantPosting of registration certificate. hereunder shall post in a conspicuous place in each of the offices maintained by such person in the United States in which orders for the purchase or sale of any commodity for future delivery are solicited or accepted, the original or duplicate copy (issued by the Secretary of Agriculture) of such person’s registration certificate as such futures commission merchant. 1496 “Sec. 4g. Revocation or suspension of registration for designated causes. If any person registered hereunder as futures commission merchant or floor broker shall violate any of the provisions of Violations of Act; rules and regulations.this Act, or any of the rules or regulations of the Secretary of Agriculture thereunder, or shall fail or refuse to make any report Failure to make reports, etc.required by the Secretary of Agriculture regarding the transactions of such person, or the transactions of the customers thereof, in commodities for future delivery on any board of trade in the United Failure to keep books, etc.; not permitting inspection.States or elsewhere, or shall fail or refuse to keep the books and records pertaining to such transactions in the form and manner required by the Secretary of Agriculture, or shall fail or refuse to keep such books and records open to inspection by any representative of the United States Department of Agriculture or the United States Department of Justice, the registration of such person may be suspended or revoked after notice and hearing in accordance with the procedure and subject to the judicial review provided in paragraph
(b)of section 6 of this Act. “Sec. 4h. Operating place of business where orders are solicited, etc. It shall be unlawful for any person— “(1) to conduct any office or place of business anywhere in the United States or its territories for the purpose of soliciting or accepting any orders for the purchase or sale of any commodity for future delivery, or for making or offering to make any contracts for the purchase or sale of any commodity for future delivery, or for conducting any dealings in commodities for future delivery, that are or may be used for
(A)Used for hedging, price basis, or delivery of commodity in interstate commerce. hedging any transaction in interstate commerce in such commodity or the products or byproducts thereof, or
(B)determining the price basis of any such transaction in interstate commerce, or
(C)delivering any such commodity sold, shipped, or received in interstate commerce for the fulfillment thereof, if such orders, contracts, or dealings are executed or consummated otherwise than by or through a member of a contract market; or “(2) Misrepresentations. falsely to represent such person to be a member of a contract market, or the representative or agent of such member, or to be a futures commission merchant registered under this Act, or the agent of such registered futures commission merchant, in soliciting or handling any order or contract for the purchase or sale of any commodity in interstate commerce or for future delivery, or falsely to represent in connection with the handling of any such order or contract that the same is to be or has been executed on, or by or through any member of, any contract market. “Sec. 4i. Making contract for future delivery, without reporting same, in excess of prescribed limits. It shall be unlawful for any person to make any contract for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market unless such person shall report or cause to be reported to the properly designated officer in accordance with the rules and regulations of the Secretary of Agriculture
(1)whenever such person shall directly or indirectly make such contracts with respect to any commodity, or any future of such commodity, during any one day in an amount equal to or in excess of such amount as shall be fixed from time to time by the Secretary of Agriculture; and
(2)whenever such person shall directly or indirectly have or obtain a long or short position in any commodity or in any future of such commodity, equal to or in excess of such amount as shall be fixed from time to time by the Secretary Record, etc., of transactions to be kept.of Agriculture. Such person shall also keep books and records of transactions coming within the provisions of
(1)and
(2)hereof, which books and records shall show complete details concerning all such transactions, including the names and addresses of all persons 1497having any interest therein, and shall be open at all times to inspectionOfficial inspection. by any representative of the United States Department of Agriculture or the United States Department of Justice.”" Sec. 6. Section 5 of the Grain Futures Act (U. S. C., 1934 ed.,Contract markets.Vol. 42, p. 1000; [U. S. C., p. 110](/us/usc/p110). title 7, sec. 7) is amended by—
(a)striking out the word “purpose.” at the end of paragraph (a)Designation of boards of trade as.*Proviso*.If board not located at a terminal market. and inserting in lieu thereof the following: “purpose: *Provided*, That any board of trade not so located shall be designated as a ‘contract market’ if such board of trade provides for the delivery of commodities on such contracts at a delivery point or points and upon terms and conditions approved by the Secretary of Agriculture.”; and
(b)striking out the word “or” after the word “prices” in paragraph (d)Preventing price manipulations and cornering of commodities.Contract market requirements.Vol. 42, p. 1001; [U. S. C., p. 110](/us/usc/p110). and inserting in lieu thereof the word “and”. Sec. 7. The Grain Futures Act is amended by adding after section 5 (U. S. C., 1934 ed., title 7, sec. 7) the following new sections: " “Sec. 5a. Each contract market shall— “(1) promptly furnish the Secretary of Agriculture copies ofCopies of bylaws, etc., and amendments to be furnished. all bylaws, rules, regulations, and resolutions made or issued by it or by the governing board thereof or any committee, and of all changes and proposed changes therein; “(2) allow inspection at all times by any authorized representativeFederal inspection of board’s books, records, etc. of the United States Department of Agriculture or United States Department of Justice of the books, records, and all minutes and journals of proceedings of such contract market, its governingGoverning board and affiliates, etc. board and all committees, and of all subsidiaries and affiliates of such contract market, which books, records, minutes, and journals of proceedings shall be kept for a period of three years from the date thereof, or for a longer period if the Secretary of Agriculture shall so direct; “(3) require the operators of warehouses in which or out ofWarehouse operators.Reports, records, etc. which any commodity is deliverable on any contract for future delivery made on or subject to the rules of such contract market, to make such reports, keep such records, and permit such warehouse visitation as the Secretary of Agriculture may prescribe. Such books and records shall be required to be kept for a period of three years from the date thereof, or for a longer period if the Secretary of Agriculture shall so direct, and such books, records,Inspection. and warehouses shall be open at all times to inspection by any representative of the United States Department of Agriculture or United States Department of Justice; “(4) when so directed by order of the Secretary of Agriculture,Period after trading for delivery in a delivery month. provide for a period,” after trading in contracts of sale of any commodity for future delivery in a delivery month has ceased, during which contracts of sale of such commodity for future delivery in such month may be satisfied by the delivery of the actual cash commodity. Whenever, after due notice and opportunitySecretary may order market to establish, to prevent “squeezes”, etc. for hearing, the Secretary of Agriculture finds that provision for such a period of delivery for any one or more commodities or markets would prevent or tend to prevent ‘squeezes’ and market congestion endangering price stability, he shall, by order, require such period of delivery (which shall be not less than three nor more than ten business days) applicable to such commodities and markets as he finds will prevent or tend to prevent such ‘squeezes’ and market congestion: *Provided, however*, That*Proviso*.Existing contracts. such order shall not apply to then existing contracts; “(5) require the party making delivery of any commodity onWritten notice of delivery.Time, etc., requirements. any contract of sale of such commodity for future delivery to furnish the party obligated under the contract to accept delivery, 1498written notice of the date of delivery at least one business day Extension, to prevent, etc., unfair practices.prior to such date of delivery. Whenever, after due notice and opportunity for hearing, the Secretary of Agriculture finds that the giving of longer notice of delivery is necessary to prevent or diminish unfair practices in trading in any one or more commodities or markets, he shall by order require such longer notice of delivery (which shall be not more than ten business days) applicable to such commodities and markets as he finds will *Proviso*.Existing contracts.prevent or diminish such unfair practices: *Provided, however*, That such order shall not apply to then existing contracts; “(6) Grades to conform to United States standards. require that all contracts of sale of any commodity for future delivery on such contract market shall provide for the delivery thereunder of commodities of grades conforming to United States standards, if such standards shall have been officially promulgated; and “(7) United States Warehouse Act.[U. S. C., p. 131](/us/usc/p131).Acceptance of receipts under, in satisfaction of futures contracts. require that receipts issued under the United States Warehouse Act (U. S. C., 1934 ed., title 7, secs. 241–273) shall be accepted in satisfaction of any futures contract, made on or subject to the rules of such contract market, without discrimination and notwithstanding that the warehouseman issuing such receipts is not also licensed as a warehouseman under the laws of any State or enjoys other or different privileges than under State law: *Proviso*.Kind, quality, and quantity.*Provided, however*, That such receipts shall be for the kind, quality, and quantity of commodity specified in such contract and that the warehouse in which the commodity is stored meets such reasonable requirements as may be imposed by such contract market on other warehouses as to location, accessibility, and suitability for warehousing and delivery purposes. “Sec. 5b. Board of trade.“Contract market” designation, suspension or revocation for violation. The failure or refusal of any board of trade to comply with any of the provisions of this Act, or any of the rules and regulations of the Secretary of Agriculture thereunder, shall be cause for suspending for a period not to exceed six months or revoking the designation of such board of trade as a ‘contract market’ in accordance with the procedure and subject to the judicial review provided in paragraph
(a)of section 6 of this Act.”" Sec. 8. Vol. 42, p. 1002; [U. S. C., p. 110](/us/usc/p110). Section 6 of the Grain Futures Act (U. S. C., 1934 ed., title 7, secs. 8, 9, 10, and 15) is amended by—
(a)Complaints against person violating provisions of Act, etc. striking out the first sentence of paragraph
(b)and inserting in lieu thereof the following: “If the Secretary of Agriculture has reason to believe that any person (other than a contract market) is violating or has violated any of the provisions of this Act, or any of the rules and regulations made pursuant to its requirements, or has manipulated or is attempting to manipulate the market price of any commodity, in interstate commerce, or for future delivery on or subject to the rules of any board of trade, he may serve upon such person a complaint stating his charges in that respect, Notice of hearing.to which complaint shall be attached or contained therein a notice of hearing, specifying a day and place not less than three days after the service thereof, requiring such person to show cause why an order should not be made directing that all contract markets until further notice of the Secretary of Agriculture refuse all trading privileges to such person, and to show cause why the registration of such person, if registered as futures commission merchant or as floor broker hereunder, should not be suspended or revoked.”;
(b)Secretary of Agriculture or referee to conduct hearings. striking out the words “said commission” after the words “before the” in the second sentence of paragraph
(b)and inserting in lieu thereof “Secretary of Agriculture”;
(c)Textual modifications. striking out the word “who” in the second sentence of paragraph
(b)and inserting in lieu thereof “which referee”; 1499
(d)striking out the words “as chairman of the said commission” in the second sentence of paragraph
(b)after the words “to the Secretary of Agriculture”;
(e)striking out the words and numerals “of section 12” after the word “penalties,” in the third sentence of paragraph (b);
(f)inserting, after the word “amended” in the third sentence of paragraph
(b)the following: “and supplemented (U. S. C., 1934 ed.,[U. S. C., pp. 2221, 2236](/us/usc/pp2221/2236). title 49, secs. 12, 46, 47, and 48)”;
(g)striking out the word “or” after the word “commission,” in the third sentence of paragraph
(b)and inserting in lieu thereof the word “and”;
(h)striking out the fourth sentence of paragraph
(b)and insertingRefusal of contract market trading privileges to offenders; suspension or revocation of registration. in lieu thereof the following: “Upon evidence received, the Secretary of Agriculture may require all contract markets to refuse such person all trading privileges thereon for such period as may be specified in the order, and, if such person is registered as futures commission merchant or as floor broker hereunder, may suspend, for a period not to exceed six months, or revoke, the registration of such person.”;
(i)striking out the word “commission” wherever it appears inTransfer of functions from commission to Secretary. the sixth, seventh, and eighth sentences of paragraph
(b)and inserting in lieu thereof the words “Secretary of Agriculture”;
(j)striking out the words “its chairman or to any member thereof” after the word “to” in the seventh sentence of paragraph
(b)and inserting in lieu thereof the word “him”; and
(k)striking out the word “Code” at the end of paragraph
(b)and inserting the following: “Code, as amended”. Sec. 9. The Grain Futures Act is amended by adding after sectionVol. 42, p. 1002; [U. S. C., pp. 110, 111](/us/usc/pp110/111). 6 (U. S. C., 1934 ed., title 7, secs. 8, 9, 10, and 15) the following new sections: " “Sec. 6a.
(1)No board of trade which has been designated as aLegitimate cooperative associations.Membership, etc., in board of trade “contract market.” ‘contract market’ shall exclude from membership in, and all privileges on, such board of trade, any association or corporation engaged in cash commodity business having adequate financial responsibility which is organized under the cooperative laws of any State, or which has been recognized as a cooperative association of producers by the United States Government or by any agency thereof, if such association or corporation complies and agrees to comply with such terms and conditions as are or may be imposed lawfully upon other members of such board, and as are or may be imposed lawfully upon a cooperative association of producers engaged in cash commodity business, unless such board of trade is authorized by the commissionExclusion from membership, etc. to exclude such association or corporation from membership and privileges after hearing held upon at least three days’ notice subsequent to the filing of complaint by the board of trade: *Provided, however*,*Proviso*.Failure to meet obligations a bar to trading. That if any such association or corporation shall fail to meet its obligations with any established clearing house or clearing agency of any contract market, such association or corporation shall be ipso facto debarred from further trading on such contract market, except such trading as may be necessary to close open trades and to discharge existing contracts in accordance with the rules of such contract market applicable in such cases. Such commission may prescribeStatus of membership, etc. that such association or corporation shall have and retain membership and privileges, with or without imposing conditions, or it may permit such board of trade immediately to bar such association or corporation from membership and privileges. Any order of saidAction subject to court review. commission entered hereunder shall be reviewable by the circuit court of appeals for the circuit in which such association or corporation, 1500or such board of trade, has its principal place of business, on written petition either of such association or corporation, or of such board of trade, under the procedure provided in paragraph
(a)of section 6 of this Act, but such order shall not be stayed by the court pending review. “(2) Compensation on a commodity unit basis, etc. No rule of any board of trade designated as a contract market shall forbid or be construed to forbid the payment of compensation on a commodity-unit basis, or otherwise, by any federated cooperative association to its regional member-associations for services rendered or to be rendered in connection with any organization work, educational activity, or procurement of patronage, provided No compensation returned to patrons, dividends excepted.no part of any such compensation is returned to patrons (whether members or nonmembers) of such cooperative association, or of its regional or local member-associations, otherwise than as a dividend on capital stock or as a patronage dividend out of the net earnings or surplus of such federated cooperative association. “Sec. 6b. Board of trade, or its agent, etc.“Cease and desist” order for violating Act in lieu of revocation of designation permitted. If any board of trade, or any director, officer, agent, or employee of any board of trade is violating or has violated any of the provisions of this Act or any of the rules or regulations of the Secretary of Agriculture thereunder, or any order issued by the commission pursuant to any provision of this Act, the commission, in lieu of revoking the designation of such board of trade as a Order subject to appeal.Vol. 42, p. 1001.‘contract market’ may, upon notice and hearing and subject to appeal as in other cases provided for in paragraph
(a)of section 6 of this Act, make and enter an order directing that such board of trade, director, officer, agent, or employee shall cease and desist from such Refusal to obey order, etc.; penalty.violation or violations, and if such board of trade, director, officer, agent, or employee, thereafter and after the lapse of the period allowed for appeal of such order or after the affirmance of such order, shall fail or refuse to obey or comply with such order, such board of trade, director, officer, agent, or employee shall be guilty of a misdemeanor and, upon conviction thereof, shall be fined not less than $500 nor more than $10,000 or imprisoned for not less than six months nor more than one year, or both. Each day during which such failure or refusal to obey such order continues shall be deemed a separate offense.”" Sec. 10. Vol. 42, p. 1003.[U. S. C., p. 111](/us/usc/p111). The Grain Futures Act is amended by adding after section 8 (U. S. C., 1934 ed., title 7, sec. 12) the following new section: " “Sec. 8a. The Secretary of Agriculture is authorized— “(1) Registrations.Futures commission merchants, etc. to register futures commission merchants and floor brokers upon application in accordance with rules and regulations and in form and manner to be prescribed by the Secretary of Agriculture ; and “(2) Refusal, where registration suspended, revoked, etc. to refuse to register any person if such person has violated any of the provisions of this Act or any of the rules or regulations promulgated by the Secretary of Agriculture hereunder for which the registration of such person has been suspended (and the period of such suspension shall not have expired) or has been revoked; and “(3) Transactions with person denied trading privileges. to suspend or revoke the registration of any futures commission merchant who shall knowingly accept any order for the purchase or sale of any commodity for future delivery on or subject to the rules of any contract market from any person if such person has been denied trading privileges on any contract market by order of the Secretary of Agriculture under the provisions of paragraph
(b)of section 6 of this Act and the period of denial specified in such order shall not have expired; and “(4) Fees. to fix and establish from time to time fees and charges for registrations and renewals thereof and for copies of registration 1501certificates, not to exceed $10 for each such registration, renewal, or copy; and “(5) to make and promulgate such rules and regulations as, inRules and regulations. the judgment of the Secretary of Agriculture, are reasonably necessary to effectuate any of the provisions or to accomplish any of the purposes of this Act; and “(6) to communicate to the proper committee or officer of anyPublication of harmful transactions. contract market and to publish, notwithstanding the provisions of section 8 of this Act, the full facts concerning any transaction or market operation, including the names of parties thereto, which in the judgment of the Secretary1 of Agriculture disrupts or tends to disrupt any market or is otherwise harmful or against the best interests of producers and consumers.”" Sec. 11. Section 9 of the Grain Futures Act (U. S. C., 1934 ed.,Vol. 42, p. 1003; [U. S. C., p. 111](/us/usc/p111). title 7, sec. 13) is amended by:
(a)striking out the word “section” and the numeral “4” andViolations punishable by criminal penalties.Sections added. inserting in lieu thereof the following: “section 4, section 4a, section 4b, section 4c, section 4d, section 4e, section 4h, or section 4i”;
(b)inserting after the comma following the word “Act” thePrice manipulation, etc. following: “or who shall manipulate or attempt to manipulate the price of any commodity in interstate commerce, or for future delivery on or subject to the rules of any board of trade, or who shall corner or attempt to corner any such commodity,”;
(c)striking out the words “said section” after the words “mentionedTextual changes. in” and inserting in lieu thereof the words “section 4 of this Act”; and
(d)inserting after the word “deliver” the words “or cause to be delivered”. Sec. 12. If any provision of this Act which is amendatory of anySeparability provisions. section of the Grain Futures Act, or the application thereof to any person or circumstances is held invalid, the provisions of the section of the Grain Futures Act which is amended by such provision of this Act shall apply to such person or circumstances. No proceeding shall be abated by reason of any amendment to the Grain Futures Act made by this Act but shall be disposed of pursuant to this Act. Sec. 13. All provisions of this Act authorizing the registration ofEffective dates. futures commission merchants and floor brokers, the fixing of fees and charges therefor, the promulgation of rules, regulations, and orders, and the holding of hearings precedent to the promulgation of rules, regulations, and orders shall be effective immediately. All other provisions of this Act shall take effect ninety days after the enactment of this Act. Approved, June 15, 1936. To incorporate The National Yeomen F. 1936-06-15 546 Chapter 49 Stat. 1501 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 546.] AN ACT To incorporate The National Yeomen F. June 15, 1936.[[S. 1687](/us/bill/74/s/1687).][[Public, No. 676](/us/pl/74/676).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That Eva H.The National Yeomen F.Incorporators. Clarke, Beatrice Brown Dwyer, and Mary J. O’Donnell, of Arizona; Ruby Busse Anglim, Lottie Sessions Barrett, Philome Lucy Cavanagh, Stella Austen Clark, Pearl Bonham Clerk, Lillian Koeber Deamer, Harriet Jane Dodson, Alma Sinunermacher Dreyer, Stella Neumann Elberson, Ola Belle Emmner, Edna Crumpler Estes, Mirian Mathews Everett, Katherine Driscoll Fallon, Kathleen Vance Hatch, 1502Incorporators—Con.Eva Wilson Hay, Ellen Keefe Heady, Ruth Hemphill, Myrtle Kinsey, Anna Geisler Kirkpatrick, Katherine Brown Lightner, Margaret Dannagger Lovelace, Lillian Catherine McCarthy, Gladys Farmer McCool, Laura Landes Metcalf, Louise Vickery Mowers, Ruth Manahan Neal, Gladys D. Nelson, Madeline O’Leary Peggs, Caroline Peirce, Sara Craddock Sasser, May Gesner Schaefer, Billie Browne Schank, Rita Beauton Schaub, Etienne V. Schier, Louise Williams Sears, Anne Williams Shumway, Florence Kelly Sparrow, Laura V. Waldron, Agnes L. Walker, Gladys Spaulding Whcless, Evelyn Lyon Wiberg, and Muriel Andrews Zerangue, all of California; Gladys Yeager Briggs, and Blanche Marion Curry, of Colorado; Grace Pascoe Agard, Julie Sternberg Aichler, Mary Sweeney Alling, Sara Hinchey Barry, Anna Kilroy Bean, Kathleen Moriarity Begley, Anna Lyons Bergin, Ethel Cornet Bolles, Anna McDowell Brown, Mary MacKenzie Carson, Lucy Galvin Cavanaugh, Rose Reiger Chapman, Dorothy Sara Clifford, Monica Cecelia Clifford, Sadie Connelly, Marjory Murray Cormack, Martha Swirsky Cotton, Marion McEntee Cox, Ione Disco Cunningham, Katherine Lyng Donovan, Margaret Bess Dordelman, Marguerite Driscoll, Mae Sheehan Dwyer, Ruth Lawson Euster, Katherine Frances Fagan, Ethel Clendenen Fargo, Gertrude Selesnitzky Feinberg, Elisabeth Tagliabue Fields, Helen Buckley Fitzgerald, Irene Catherine Fitzgerald, Anna Campbell Forsythe, Anna J. Gaughan, Mary Penders Gillis, Mary Agnes Grady, Theresa Madeleine Hamill, Alice Mary Harrington, Florence Hulbert Hermanns, Ella Veronica Houlihan, Deborah Pickett Kane, Frances Walsh Keenan, Margaret O’Brien Kennedy, Hazel Merwin Lander, Elizabeth Mallon Leighton, Agnes Carlson Lukens, Catherine Gertrude MacKenzie, Clara Armstrong MacKenzie, Edna Murray Manchester, Mary Driscoll Markham, A. Regina Martin, Josephine McAuliffe Martin, Bellerose Meunier, Mazie Rogers Miller, Elsie Reichert Moon, Winnifred Patricia Nagle, Isabelle Dickson Peterson, Lucy Riley Pfannenstiel, Jewel Perkins Pitt, Eleanor Donahoe Reilly, Elizabeth Kepes Reynolds, Ida Reed Sanders, Alice Savage, Mildred Mabel Schwartz, Margaret Hogan Seaman, Ida Selesnitzky Stone, Agusta Strand, Caroline Wyllie Waterman, Juliana Augusta Weske, Helen Weinhusen, Louise Arnold Wiley, Selina Lee Winter, Margaret Hardiman Wrisley, Mary Connors Wundrack, and Marie Deering Yeager, all of Connecticut; Norma M. Albers, Lucille Loveless Allan, Gladys Elizabeth Allen, Sarah Jarvis Andrus? Edith Ober Armstrong, Mary Hough Barber, May A. Barrett, Nettie Neitzey Beach, Mary Munday Becker, Esther Hall Beckett, Anne Curtin Belt, Charlotte Louise Berry, Jeannette L. Bishop, Alice Boland Bloomfield, Amelia Boberg, Beulah Holtzscheiter Bosworth, Jane M. Breen, Kate Knight Briggs, Eloise Broaddus, Helen Sprague Brown, Lola Carlisle Strailman Browning, Rose Flood Buice, Annette Louise Burton, Gertrude Bange Butts, Mary Callen, Daisy House Campbell, Ella Echols Chambers, Emma S. Collie, Maude V. Cowan, Jane Regina Cox, Catherine Crowley, Reva S. Darrell, F. Pearl Delaplaine, Eleanor Mane Downey, Alice M. Downie, Cora Laughlin Drake, Anna Cecelia Dunn, Emma Schroder Dyer, Bessie London Faine, Elizabeth Waters Fallis, Anna Schultz Frame, Barbara Spence French, Agnes Monia Gallagher, Annie Ellen Gilson, Eleanor Mary Griffith, Mary Derouda Hall, Amy F. Hammond, Adelaide Ruth Harbers, Dorothy B. Harper, Carolyn Hardesty Herman, Nellie Grant Hinson, Mary E. Jones, Claire Keefe, Kathryn Gallagher Kendrick, Ann Kilmartin, Hope Knickerbocker, Louise Elender Koester, Mary Beall Kolhos, 1503Incorporators—Con.Helen Lucinda Leonard, Edith Kite Lewis, Mary Dove Loughrey, Marie B. Luebkert, Lillian Allen Brubaker Luther, Helen Horigan Mai sei, Laura Garcia Martin, Louise Greenwald Matthews, Helen C. McCarty, Geraldine Clark McGovern, Lois B. McRae, Ellen Russell McWilliams, Eloise Sanford Davison Miller, Mary Kurth Moler, Alice Alford Morgan, Anna Lochte Murphy, Margaret Elma Naylor, Edna Meier Nielson, Margaret Broderick Nolan, Alice F. O’Neal, Helen Geraldine O’Neill, Helen Linkins Opitz, Netty Baxter Parker, Blanche C. Paul, Anna Viola Phelps, Annie Skidmore Powers, Sue Gould Prentiss, Edith Warren Quinn, Lillian Louise Reagan, Edna Marie Robey, Estelle Richardson Ruby, Ethel Clark Rule, Louise MacDonnell Ryan, Elizabeth Ivey Sage, Marion Trumbo Skinner, Jessica Randolph Smith, Margaret Grady Smith, Mabel F. Staub, Emily Steele, Nellie Rollins Stein, Edith Herndon Summerson, Mary Sullivan Tatspaugh, Marion Crawford Thur, Mary Killilea Tracey, Margaret Mills Vaughan, Eva Young Virtue, Olive Wrenn Walter, Genevieve F. Wedding, Mary Z. Weide, Lena Kathryn Willige, Pansie Casanave Willson, Ethel M. Wilson, Faith Clements Windsor, Amy Owen Wood, Lena Rigby Woolford, Myrtle Stephens Wright, and Mary Crook Yates, all of the District of Columbia; Marie Roberts Bevis, Zella Prunty Byrd, Lamonte Oliver Cates, Demerise Labbe Cleveland, Ida Matthews Eichenberger, Loyce Davis Hackett, Mabel Williamson Jacobs, Madeline A. Jacobson, Idele Torrance Jamison, Adele Mead Kendrick, Josephine Mack Miller, Lois Clappison Morse, Almeda Fink Murphy, Roxana Anne Post, Agnes Towson Shelton, Daisy Ruth Westerlund. and Elsie Tuttle Wright, all of Florida; Anna Elizabeth O’Connell, of Georgia ; Alta Sebree Wardwell Donovan, of Idaho; Elsie Ericksen Biever, Nora Pomeroy Darling, Grace Alma Dunbar, Anne Rourke Durst, Virginia Stoddert Moore Grottee, Nell Weston Halstead, Edna Benton Hann, Cornelia M. Huennekens, Elizabeth Ann McCoy, Mary Louise Minton, Josephine MacFarland Moran, Mabie Vander Ploeg Pease, Hester Smith Rasmussen, Agnes Foertsch Rohlfing, Marie Healy Simpson, Evelyn Jackson Skavlan, Constance Strong, and May Gilligan Sutherland, all of Illinois; Donna Zimmer Akin, Bessie Fisher Bogwell, Hortense Lee Goldsmith, Mary Parker Harris, and Minnie Tryon Ryan, all of Indiana; Maud Lowell Ayers, of Kentucky; Sarah Flaherty Gallagher, and Gladys Ilsley McKnight, of Maine; L. Dorothy Devey Brunken, Lucille Bonita Garrett, Fannie Grigat Laut, Grace Ryder Mead, Katherine Marie Page, Lillian Deters Tabor, Effie Van Horn Thomas, Edna Josephine Yorker, and Anna Kaer Yust, all of Maryland; Mary Lee Aylward, Marion L. Bain, Florence K. Barry, Anna E. Beers, Helen I. Blake. Mary C. Breslow, Adelaide Mary Bresnahan, Gladys Bruce, Isabel Kehoe Burk, Aileen J. Burke, Elizabeth Helen Burke, Dorothy Leighton Cady, Alice Elinor Carey, Helen Carman, Mary A. Carroll, Mary Chisel, Mary Warner Colombo, Mazie Conley, Kathryn J. Connor, Anita Ryan Connors, Mary M. Conroy, Ellen Bernadette Corbett, Catherine A. Corcoran, Winifred Burns Cox, Lizzie Glidden Crowle, Madeleine Galvin Delano, Elinor Kyle Devine, Sally Ryan Devlin, Mary F. Doherty, Jane E. Dolsen, Mary Dowd, Eleanor Marion Drew, Alice Driscoll, Mary Joyce Duggan, Mollie Catherine Dundon, Margaret Murphy Faherty, Helen Farrell, Helen Mary Farrell, Catherine Woodward Feeney, Bernice W. Fortin, Patricia Gleason, Marion E. Grady, Mary E. Grady, Anna 1504Incorporators—Con.Mary Hegarty, Ethel Hickey, Dorothy Drew Horan, Elizabeth A. Horgan, Marie Lambert Johnson, Anna Riley Joyce, Agnes Keanneaily, Ellen E. Kearns, Bessie Josephine Kelly, Violet Elizabeth Kirkland, Ethel Lally, Genevieve Adrienne Lane, Lucy Marshall Lanigan, Ellen A. Lannigan, Leonore Learson, Julia B. Lehan, Marie Alice Long, Gertrude Lorton, Emma Macaulay Lyle, Helen Stolba Macbeth, Gertrude Catherine Macdonald, Margaret Mehlinan Maguire, Anna Marie Mahan, Genevieve A. Maher, Mary Louise Marcille, Marie Kathryn McAuliffe, Anna McCarthy, Helen F. McDonald, Catherine McDonough, Marion Mary McElaney, Anna Marie McGuire, Esther McCall McLaughlin, Agnes Murphy McLean, Anna L. McNulty, Ruth Desmond McSweeney, Bertha Erickson Mead, Irene Florence Michel, Yvonne Michel, Margaret Isabelle Mitchell, Margaret Louise Murphy, Helen Adelaide Murray, Elizabeth McDonald Myers, Helen Barr Nickerson, Eleanor Teresa O’Brien, Marguerite Catherine O’Brien, Ria Minehan O’Brien, Margaret Lonergan O’Brion, Helen O’Brien O’Connor, Elizabeth M. O’Donnell, Mary Bull Owens, Olive T. Parsons, Mary Fielding Rawling, Mary McGunigle Redmond, Elizabeth Foley Regan, Mary Lane Regan, Ellen Riley, Helen O’Brien Riley, Anita Roberts, Mary Myers Robinson, Alice Mahan Saunders, Gladys Mary Saxton, Mary Elizabeth Scalley, Julia E. Shine, Elizabeth Standee, Mary Catherine Sughrue, Madeline O’Brien Sullivan, Harriet Mussinan Swearingen, Mary Gross Thayer, Grace M. Tomasello, Madeline Robillard Treloar, Isabel Catherine Wall, Lulu Veronica Walsh, Ethel May Ward, Agnes O’Brien Welch, Esther Marie Werme, Margaret Gertrude Wholly, Alice M. Williams, Lillian Everette Williams, Lucy M. Winn, and Maud C. Young, all of Massachusetts; Theresa Bean Ballenger, Lilia Mary Bellinger, Gertrude M. Camp, Pauline Cassidy, Grace Schoenhur Conway, Marie Rossley Kalt, Gladys Webster Mallett, Helen Moran, and Margaret Morton Mullaney, all of Michigan; Ethyl Ryan Maly and Gertrude O’Connor Trestrail, of Minnesota; Gladys Thames Hubbard, of Mississippi; Sophie Polenska Coleman, of Missouri; Davidson, Edyth Plummer, and Dorothy Mauck Wehrman, of Nebraska; Christina Sander Anderson, Anna Elizabeth Conroy, Gertrude O’Neil DeBrunner, A. May Erwin, Alice Catherine Fairbrother, Kathleen Mary Field, Anne Pedersen Freeman, Marguerite B. Geiger, Lillian Helena Hannold, Julia Hicks, Anna V. Kane, Dorothy May Lee, Corrine Dextroze Mahanna, Anne Marie McCormick, Mina Klein Morrison, Marie Burke Oetmann, Ann B. Shinnick, and Catherine Waters, all of New Jersey; Sarah Russell Imhof, of New Mexico; Mary Ducey Archer, Laura Dayton Ball, Esther Berkowitz, Rose Brancato Biagi, May Anne Blazina, Ruth Nethaway Bouck, Harriet Eldridge Robins Brandt, Josephine Mitchell Brosseau, Irene Malito Brown, Regina Burke, Frances Jedlicka Campbell, Rowena Margaret Campbell, May Flaherty Carroll, Veronica Marie Cherry, Mary L. Clark, May Cecilia Collins, Ada Howe-Webster Dailinger, Julia Flynn Dorner, Alice Leahy Everard, Dorothy Winifred Ferrier, Elinor Valentine Foley, Marie McElroy Forte, Anna Gallagher, Margaret Katherine Garland, Florence Wilson Goulden, Alice Miriam Govenor, Elizabeth Anna Gridley, Mildred Berryman Hall, Mary Mahoney Halwartz, S. Dorothy First Hayes, Alice Gieseking Johnson, Angela Lyons Johnson, Marie Elizabeth Kelly, Carrie Klinger, Leonore Lawson Koellsted, Lucile Alzamora Lacey, Mary Gray Langford, Esther Martins Law, Hortense Lersner, Gertrude 1505Long, Isabel Margaret Lynch, Nellie Mahoney, Ruth Evelyn Manning,Incorporators—Con. Matilda Foeth McDonald, Agnes Murphy McGovern, Mary McMahon, Lillian Forsberg Miller, Maud Amelia Mittern, Blanche Babbitt Moeller, Frances Donahue Molloy, Mina Walden Mullen, Lulu Muller, Mary Elizabeth Noel, Lillie May Nohowec, Mabel Dorothy O’Connell, Betty A. Peifer, Frances L. Phair, Anna Reisman, Julia White Robbins, Marion Flannery Savage, Gertrude Evelyn Sawyer, Margaret Faglon Schutt, Mae E. Shuttleworth, Ethel Lynwood Sickles, M. Grace Siegmann, Alice Clyde Stafford, Jeannette Gartland Sturla, May Agnes Sullivan, Lilian Browne Swanson, Dorothy Bradford Thomson, Irene M. Tynan, Rita Regan Wallis, Florence Kelley Walters, Irene Hallan Webb, Julia Woodroff Wheelock, Sally R. Wolf, Sarah Gibbon Yeoman, and Henrietta Yunker, all of New York; Cooper Miller Correll, Willa Tritt Coward, Virginia Dockery Crow, Lassie Kelly Cunningham, Ethel Harwood Fuller, Estelle D. Gordon, Velma Moody Horne, Annie L. Londeree, Arabella Johnson Milligan, Rebecca Adams Nichols, Mary Allen Pearce, Kathleen Rogers Tate, and Edith Singer Weibel, all of North Carolina; Neita Russell Christian, Evelyn Evans, Mary Pow Hartman, and Mae E. Hickey, all of Ohio; Helen Jane Bringier and Bessie Hittie Groff, of Oklahoma; Anna Lenz Seaton, and Evelyn B. Youngs, of Oregon; Marie R. Ahern, Mary Kemp Anthony, Laura Anderson, Sue Rohland Arishoff, Lillian Young Armour, Minnetta Collies Bentz, Lillian LeVene Blackman, Maybelle M. Bond, Anna D. Boyle, Gertrude Margaret Bracken, Winifred Brooks, May McCormick Bullock, Emma Engel Bunte, Margaret Rebecca Burdell, Mary Gallagher Campbell, Margaret M. Collins, Mae McConnell Conlin, Mary E. Cross, Mrs. James Crumlish, Anna Maguire Culliton, Mary Cavanaugh Daly, Claire Dougherty Dever, Helen M. Devery, Anna Marie Devine, Elizabeth Gray Doran, Helen Dunne, Helen Coty Easterby, Anna Viola Edmonds, Dorothy Elma Evans, Florence Monberger Fedor, Sylvania Israel Garner, M. Cecilia Geiger, Gertrude White Gillies, Fanny Goldscheider, Blanche Miller Grimes, Catherine Stanfield Gutenberger, Emily Hacker, Beatrice B. Hamer, Agnes E. Hamill, Marion Manahan Hammill, Claire V. Harkins, Bertha M. Harris, Mary English Harvey, Freda Forster Hawsey, Kathryn Johnston Hazzard, Charlotte King Hedden, Jane Orr Heilig, S. Elizabeth Holmes, Effie C. Innes, Sue Altemus Jones, Anna Elizabeth Jourdan, Marie A. Kelly, Marie V. Klase, Emma Edith Lapeus, Sophia Levin, Mary M. Long, Laura Harrison Love, Anna Elizabeth Magee, Helen Marshall, Esther Nichols Martin, Cecilia McHale, Elizabeth Marie McNamee, Anna J. Meara, Mary Burton Morris, Rosaline K. Moscony, Helen Hannigan Myers, Sara Myers, Florence Fischer Nicholson, Vesta Kaufman Niedt, Sylvania W. Oberholtzer, Anna Florence O’Connor, Constance O’Hara, Catharine G. O’Neill, Margaret Elizabeth Paul, Anne M. Perry, Cora Felter Phillips, Molly Dever Purcell, Mary A. Raith, Sara Ada Rice, Isabel E. Rosenfeldt, Anna M. Ross, Lillian White Schumacher, Prudence McCullin Sheperla, Rachel Emily Shultz, Aida Holz Skelly, Mabel Melville Slifer, Marjorie L. Slocum, Mary T. Smith, Caroline Steinbock, Mary M. Taylor, Agnes Finley Tieman, Ida Carver Townsend, Gertrude Martin Voigt, Katherine Frances Walsh, Mary Warren, Elsie E. Weaver, Amy Maria Weems, Annette Kirby Weirbach, Margaret Rowena Wellbank, Joanna Ferguson Wittman, and Elsie Richards Whitmore, all of Pennsylvania; Jennie Carter Aldred, Elisabeth Louise Baxter, Lydia York Brown, Lylian Annette Callis, Lillie Reeves Campbell, Olive Mather Clark, 1506Incorporators—Con.Theresa Margaret Dunphy, Helen MacDonald Garnett, Matilda Eglinton Grady, Dora Bucklin Helwig, Catherine Freeman Hunt, Monica Monaghan Keenan, Margaret Ruane McCartin, Effie Crowther Meeker, Mary Littlefield O’Mara, Jennie Cavanaugh Peffer, and Agnes Wheeler Smith, all of Rhode Island; Bertha Avaunt Frischkorn, Sara Quinn Harrington, Rosa Wade Holland, Florence Idella Larasey, Mary Sinkler de Saussure McQueen, Ida Marie Stoesen, and Mamie Elizabeth Verdier, all of South Carolina; Antonio Shuster Bunger, Sue Lou Rutledge Corbin, and Louisa Daniell Shepherd, all of Texas; Esther Laubach, of Utah; Nellie Leland Cutler and Minnie Bliss Sweetser, of Vermont; Bertha Tyler Carwithen, Columbia Taylor Conway, Mary Anne Eike, Janet Rishell English, Dorothy Knignt Fannon, Pauline Taylor Groves, Peggy Oakes Marable, Ethel Ward Montagne, Rose Nelson O’Hara, Anna Smith Reynolds, Josephine M. Senerchia, Maude Lois Smith, Mayme E. Smith, Mary Phillips Spiers, Margaret C. Thomas, and Ulla Rathbun Tracy, all of Virginia; Sadie Conely Babcock, Margaret Powell Bidlake, Calla Layton Henly, Betty L. Reynolds, Emma Rogers Shriver, Lillian M. Squier, and Agnes Bell Williams, all of Washington; Elsie Jane Beaty, Beulah Bess Carper, Ada Drown Childers, Mabelle W. Clinton, Alberta Herren Davis, Selma Price Deyo, Cora Byrnside Haynes, Mabel Claire Heslep, Hazel Hodge, Paulino Miller Howard, Tillie Haley Hull, Elizabeth Van Hoose Hurt, Helen Southworth Lanterman, Hope Parker Oesterle, Naoma Hawkes Parsons, Mary Louise Price, Kathaleen Dellinger Ridgley, and Wafie Calebaugh Robinson, all of West Virginia; Mrs. Wallace A. Giffen, Laura V. Hall, Eleanore Walters Herdrich, Ada Hosford, and Sophia Keller Ormond, all of Wisconsin; Susan Barnes Turney, of Wyoming; Wilhelmina Mezger Farvin Woofter, of Alaska; Katherine Patee MacMillian, of Canada; Rose O’Connell Shaefer, of China; Laura Finnegan Cheatham, Margaret MacEachern Edwards, Marie Murray Grant, Lillian Cooper Harrington, and Julia Weber, all of Hawaii; Purposes.and their associates and successors are hereby created a body corporate and politic, in the District of Columbia, by the name of “The National Yoemen 11 So in original. F”, for patriotic, historical, and educational purposes; to foster and perpetuate the memory of the service of Yoemen 11 So in original.(f) in the United States Naval Reserve Force of the United States Navy during the World War; to preserve the memories and incidents of their association in the World War by the encouragement of historical research concerning the service of Yoemen 11 So in original. (f); by the promotion of celebrations of all patriotic anniversaries to cherish, maintain, and extend the institutions of American freedom; to foster true patriotism and love of country, and to aid in securing for mankind all the blessings of liberty. Sec. 2. Corporate powers. That said organization is authorized to hold real and personal estate in the United States so far only as may be necessary to its lawful ends, to an amount not exceeding $50,000, and may adopt a constitution and bylaws not inconsistent with law, and may adopt a seal. Sec. 3. Annual report to Smithsonian Institution. That said organization shall report annually to the Secretary of the Smithsonian Institution concerning its proceedings, and said Secretary shall communicate to Congress such portions thereof as he may deem of national interest and importance. The regents 1507of the Smithsonian Institution are authorized to permit said national organization to deposit its collections, manuscripts, books, pamphlets, and other material for history in the Smithsonian Institution or in the National Museum, at their discretion, upon such conditions and under such rules as they shall prescribe. Approved, June 15, 1936. To make provision for the care and treatment of members of the National Guard, Organized Reserves, Reserve Officers’ Training Corps, and Citizens’ Military Training Camps who are injured or contract disease while engaged in military training, and for other purposes. 1936-06-15 547 Chapter 49 Stat. 1507 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 547.] AN ACT To make provision for the care and treatment of members of the National Guard, Organized Reserves, Reserve Officers’ Training Corps, and Citizens’ Military Training Camps who are injured or contract disease while engaged in military training, and for other purposes. June 15, 1936.[[S. 3334](/us/bill/74/s/3334).][
Connectionstraces to 1
Traces to 1 document
statutes-at-large
1 reference not yet in our index
- 49 Stat. 1501
Citation graph
cites case law
Cites 2Cited by 0 across 0 sources