Public Law 404.
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/statutes-at-large/vol-50/public-law-404·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/75/403)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Klamath Indians, Oreg.Capital reserve fund created out of tribal moneys for. That the Secretary of the Interior shall cause to be established on the books of the Treasury, out of any unobligated tribal funds of the Indians of the Klamath Reservation in Oregon (hereinafter referred to as the “Klamath Indians”) on deposit in the Treasury of the United States, a Annual increments.capital reserve fund for said Klamath Indians.
Such fund shall be created by setting aside the sum of $50,000 for the fiscal year 1937, and shall be augmented by additions of $50,000 for each fiscal year thereafter. Such fund shall be held in the Treasury of the United Interest; use of.States and shall bear interest as provided by law. The interest upon such fund shall be used, insofar as it is sufficient, for the payment of the expenses of administration of the Klamath Indian Reservation in Oregon. Sec. 2. Reimbursable loan fund established; use of.
The Secretary of the Interior shall cause to be established on the books of the Treasury, out of any unobligated tribal funds of the Klamath Indians on deposit in the Treasury, a reimbursable loan fund from which loans may be made to enrolled Klamath Indians for industrial and agricultural assistance and the construction and improvement of homes (including the purchase of land and interests in land, building material, farming equipment, industrial equipment, trucks, livestock, feed, food, seed, tools, machinery, implements, household goods, bedding, clothing, or any other equipment or supplies necessary to enable such Indians to fit themselves for or to engage in farming, the livestock industry, or such other industrial or agricultural pursuits or avocations as will enable them to become self-supporting); for the educational advancement of such Indians; for financial assistance in cases of illness, death, or other emergency; for the maintenance and support of the aged, infirm, and incapacitated Klamath Indians; and for the repayment of reimbursable loans previously made to such Indians from tribal funds.
For the establishment of such loan fund, the Secretary of the Interior shall immediately set aside the unexpended balance of any finds heretofore appropriated or authorized to be used out of the tribal funds of the Klamath Indians for the establishment of reimbursable loan funds for Annual additions.industrial assistance or for any other purpose; and in addition thereto, out of any unobligated tribal funds, $100,000 shall be set aside for the fiscal year 1938 and $50,000 for each of the next three fiscal years.
Sec. 3. Administration by a Joan board. The reimbursable loan fund provided for in section 2 hereof shall be administered, under and subject to such rules and regulations as the Secretary of the Interior may prescribe, by a loan board composed of Klamath Indians of not to exceed five members: *Provisos*.Sale of pledges. *Provided*, That in the event any property pledged as security is offered for sale to satisfy any obligation, the Klamath Indians shall have preferential right, except there shall be no discrimination as to Operating expenses.terms of sale, to purchase the same: *Provided further*, That the expenses of administering such fund, including such per diem for members of the loan board as may be authorized by the Secretary of the Interior, shall be paid from such loan fund.
After the fiscal year 1939 the aforesaid expenses of administration shall not exceed the amount received from service fees, surcharges, and interest paid in on loans. Sec. 4. Types of property as security. For the purpose of providing adequate security for any loans made from the revolving reimbursable loan fund provided for 873in section 2 hereof, the Klamath Indians are hereby authorized to include in the securities offered therefor, in addition to any unrestricted real or personal property owned by them, any lands, interest in lands, rights, funds, future per-capita payments and other distributions of tribal assets, and other property, real, personal, or mixed, of any nature whatsoever, belonging to individual Klamath Indians, heretofore regarded or classed as trust or restricted Indian property.
Sec. 5. All repayments made upon any loans made from the reimbursableCredit of repayments. loan fund herein provided for, all repayments made upon any loans made from reimbursable loan funds for industrial assistance or for other purposes heretofore established out of Klamath tribal funds, and all interest, surcharges, and service fees paid upon any such loans, shall be credited to the reimbursable loan fund herein provided for and shall become available for the purposes herein authorized.
Sec. 6. The amounts which the Secretary of the Interior shall causeLimitation. to be added to the capital and loan funds established at his direction under the provisions of sections 1 and 2 of this Act during each fiscal year shall not exceed the amount of unobligated Klamath tribal funds on deposit in the Treasury of the United States available for that purpose. Approved, August 28, 1937. Making further provision with respect to the funds of the Metlakahtla Indians of Alaska. 1937-08-28 875 Chapter 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 2024-11-23 50 Stat. 873 75 1 public [CHAPTER 875] AN ACT Making further provision with respect to the funds of the Metlakahtla Indians of Alaska. August 28, 1937[[H. R. 6042](/us/bill/75/hr/6042)][[Public, No. 404](/us/pl/75/404)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That revenueMetlakahtla Indians of Alaska.Deposit of certain revenues as trust funds, authorized. derived from leases or other contracts negotiated by the Secretary of the Interior for the benefit of the Metlakahtla Indians and such other persons occupying the Annette Islands Reserve, Alaska, as come within the purview of the Act of March 3, 1891 (26 Stat. 1101), shall[26 Stat. 1101](/us/stat/26/1101). be deposited into the Treasury as trust funds pursuant to the provisions of section 20 of the Permanent Appropriation Repeal Act,[48 Stat. 1224](/us/stat/48/1224).[31 U. S. C. § 725s](/us/usc/t31/s725s).Interest. 1934 (48 Stat. 1224), shall bear interest at the rate of 4 per centum per annum, and shall be subject to expenditure under such rules and regulations as the said Secretary may prescribe.
Sec. 2. There shall be credited to the trust-fund account so establishedCredit of designated funds to trust-fund account. the excess, if any, of
(1)the unexpended balance of the repealed special fund appropriation “5S740 Annette Islands Reserve. Alaska, fund from leases” and
(2)the amount of receipts derived from the Annette Islands Reserve, Alaska, covered into the Treasury pursuant to section 4 of the Permanent Appropriation Repeal Act, 1934, over expenditures from appropriations provided for “Expenses, Annette Islands Reserve, Alaska (Receipt Limitation)”, and theExpenditure. amount so credited shall be subject to expenditure as prescribed in section 1 hereof. Sec. 3. Interest accruing on said trust-fund account shall beInterest. available for the same purposes as the principal. Approved, August 28, 1937. Relating to the revested Oregon and California Railroad and reconveyed Coos Bay Wagon Road grant lands situated in the State of Oregon. 1937-08-28 876 Chapter 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 2024-11-23 50 Stat. 874 75 1 public 874 [CHAPTER 876] AN ACT Relating to the revested Oregon and California Railroad and reconveyed Coos Bay Wagon Road grant lands situated in the State of Oregon. August 28, 1937[[H. R. 7618](/us/bill/75/hr/7618)][
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- creating the Mount Rushmore National Memorial Commission and defining its powers and purposes ”, approved February 25, 1929, is amended by adding at the end thereof1224Successor to be appointed, in case of death, disability, etc.the following new sentence: “If by reason of death, disability, or othePublic Law 472
- relating to the revested Oregon and California Railroad and reconveyed Coos Bay Wagon Road grant lands situated in the State of Oregon”, approved August 28, 1937 (50 Stat. 874), is hereby authorized[50 Stat. 874](/us/stat/50/874). and empowered, in his discretion, to exchange any land formerly grantPublic Law 250
2 references not yet in our index
- 50 Stat. 873
- 31 USC 725s
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Public Law 404
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