Public Law 643.
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/statutes-at-large/vol-52/public-law-643·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(/us/pl/75/642)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That all propertyDistrict of Columbia.Tax exemption, property of Young Women’s Christian Association. of the Young Women’s Christian Association of the District of Columbia located in the District of Columbia and occupied and used by such association for its legitimate purposes shall be exempt from all national and municipal taxation so long as such property is so occupied and used.
Sec. 2. The Young Women’s Christian Association of the DistrictRemission of any accrued taxes. of Columbia is hereby relieved from any accrued liability to the United States or the District of Columbia for taxes imposed upon any of the property of such association located in the District of Columbia for any tax period during which such property was occupied and used by such association for its legitimate purposes. Approved, June 16, 1938. To extend for two additional years the 3½-per-centum interest rate on certain Federal land-bank loans, and to provide for a 4-per-centum interest rate on Land Bank Commissioner’s loans until July 1, 1940. 1938-06-16 462 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 2024-11-15 52 Stat. 709 75 3 public [CHAPTER 462] AN ACT To extend for two additional years the 3½-per-centum interest rate on certain Federal land-bank loans, and to provide for a 4-per-centum interest rate on Land Bank Commissioner’s loans until July 1, 1940. June 16, 1938[[H. R. 10530](/us/bill/75/hr/10530)][[Public, No. 643](/us/pl/75/643)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That
(a)effectiveFederal Farm Loan Act, amendments.[48 Stat. 43](/us/stat/48/43).[12 U. S. C. § 771; Supp. III, § 771](/us/usc/t12/s771).Extension of reduced interest rates on certain Federal land-bank loans. July 1, 1935, the first sentence of paragraph “Twelfth” of section 12 of the Federal Farm Loan Act, as amended (relating to reduction in interest rates on certain Federal land-bank loans), is amended by striking out the following: “occurring within a period of three years, commencing July 1, 1935, and shall not exceed 4 per centum per annum for all interest payable on installment dates occurring within a period of one year commencing July 1, 1938” and inserting in lieu thereof the following: “occurring within a period of five years, commencing July 1, 1935”.
(b)The fourth sentence of such paragraph “Twelfth” (relating toTime limit for final payments extended. the time limit on payments made by the United States to land banks on account of such interest reduction) is amended to read as follows: “No payments shall be made to a bank with respect to any period after June 30, 1940.” Sec. 2. The last paragraph of section 32 of the Emergency FarmLoans by Land Bank Commissioner.[50 Stat. 621](/us/stat/50/621).[12 U. S. C., Supp. III, § 1016 (i)](/us/usc/t12/s1016/i). Mortgage Act, as amended (relating to reduction in the interest rate on loans by the Land Bank Commissioner), is amended to read as follows:" “Notwithstanding the foregoing provisions of this section, the rateInterest rate limitation. of interest on loans made under this section shall not exceed 4 per 52 Stat. 710centum per annum for all interest payable on installment elates occurring on or after July 22, 1937, and prior to July 1, 1940.”" Wm. B. Bankhead *Speaker of the House of Representatives*. Jno. N. Garner *Vice President of the United States and**President of the Senate*. In the House or Representatives, U. S., *June 14* (*calendar day, June 75*), *1938*. Certificate of the House of Representatives.The House of Representatives having proceeded to reconsider the bill (H. R. 10530) entitled “An Act to extend for two additional years the 3½-per-centum interest rate on certain Federal land-bank loans, and to provide for a 4-per-centum interest rate on Land Bank Commissioners loans until July 1, 1940”, 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 RepresentativesCertificate of origin. South Trimble *Clerk*. *June 7 (calendar day, June 16), 1938*. In the Senate of the United States Certificate of the Senate.The Senate having proceeded, in pursuance of the Constitution, to reconsider the bill (H. R. 10530) entitled “An Act to extend for two additional years the 3½-per-centum interest rate on certain Federal land-bank loans, and to provide for a 4-per-centum interest rate on Land Bank Commissioner’s loans until July 1, 1940,” returned by the President of the United States to the House of Representatives, in which it originated, with his objections, and sent by the House of Representatives to the Senate with the message of the President returning same, it is Resolved, That the bill do pass, two-thirds of the Senators present having voted in the affirmative. Attest: Edwin A. Halsey *Secretary*. Making appropriations for the Department of Agriculture and for the Farm Credit Administration for the fiscal year ending June 30, 1939, and for other purposes. 1938-06-16 464 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 2024-11-15 52 Stat. 710 75 3 public [CHAPTER 464] AN ACT Making appropriations for the Department of Agriculture and for the Farm Credit Administration for the fiscal year ending June 30, 1939, and for other purposes. June 16, 1938[[H. R. 10238](/us/bill/75/hr/10238)][
Connections5 cite this · traces to 2
Cited by 5 sections · top 4
Traces to 2 documents
3 references not yet in our index
- 12 USC 771
- 50 Stat. 621
- 52 Stat. 710
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Public Law 643
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Cite12 USC 771
Stat.50 Stat. 621
Stat.52 Stat. 710
Cites 5Cited by 5 across 2 sources