Public Law 714. to regulate the construction of bridges over [34 Stat. 84](/us/stat/34/84).[33 U

1,146 words·~5 min read·/statutes-at-large/vol-52/public-law-714·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

](/us/pl/75/713) *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, Big Sandy River.Lawrence County, Ky., may bridge, at Louisa. That in order to facilitate interstate commerce, improve the postal service, and provide for military and other purposes, the county of Lawrence, Kentucky, be, and is hereby, authorized to construct, maintain, and operate a free highway bridge and approaches thereto across the Big Sandy River at a point suitable to the interests of navigation, at or near Louisa, Kentucky, in accordance with the provisions of the Act entitled “An Act to regulate the construction of bridges over [34 Stat. 84](/us/stat/34/84).[33 U. S. C. § 491](/us/usc/t33/s491).navigable waters”, approved March 23, 1906, and subject to the conditions and limitations contained in this Act.

Sec. 2. Acquisition of real estate, etc. There is hereby conferred upon the county of Lawrence, Kentucky, all such rights and powers to enter upon lands and to acquire, condemn, occupy, possess, and use real estate and other property needed for the location, construction, operation, and maintenance of such bridge and its approaches as are possessed by railroad corporations for railroad purposes or by bridge corporations for bridge purposes in the State in which real estate or other property is situated, upon making just compensation therefor, to be ascertained and paid according to the laws of such State, and the proceedings therefor shall be the same as in the condemnation or expropriation of property for public purposes in such State.

Sec. 3. Amendment. The right to alter, amend, or repeal this Act is hereby expressly reserved. Approved, June 24, 1938. To authorize the deposit and investment of Indian funds. 1938-06-24 648 Chapter 52 Stat. 1037 75 3 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 public 52 Stat. 1037 [CHAPTER 648] AN ACT To authorize the deposit and investment of Indian funds.

June 24, 1938[[S. 2163](/us/bill/75/s/2163)][[Public, No. 714](/us/pl/75/714)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*, That the SecretaryIndian trust funds. of the Interior be, and be is hereby, authorized in his discretion, and under such rules and regulations as he may prescribe,Withdrawal from the Treasury and deposit in selected banks. to withdraw from the United States Treasury and to deposit in banks to be selected by him the common or community funds of any Indian tribe which are, or may hereafter be, held in trust by the United States and on which the United States is not obligated by law to pay interest at higher rates than can be procured from the banks.

TheDeposits for benefit of individual Indians. said Secretary is also authorized, under such rules and regulations as he may prescribe, to deposit in banks to be selected by him the funds held in trust by the United States for the benefit of individual Indians: *Provided*, That no individual Indian money shall be*Provisos*.Interest on deposits. deposited in any bank until the bank shall have agreed to pay interest thereon at a reasonable rate, subject, however, to the regulations of the Board of Governors of the Federal Reserve System in the case of member banks, and of the Board of Directors of the Federal Deposit Insurance Corporation in the case of insured nonmember banks, except that the payment of interest may be waived in the discretion of the Secretary of the Interior on any deposit which is payable on demand: *Provided further*, That no tribal or individualSecurity.

Indian money shall be deposited in any bank until the bank shall have furnished an acceptable bond or pledged collateral security therefor in the form of any public-debt obligations of the United States and any bonds, notes, or other obligations which are unconditionally guaranteed as to both interest and principal by the United States, except that no such bond or collateral shall be requiredException. to be furnished by any such bank which is entitled to the benefits of section 12B of the Federal Reserve Act, with respect to any[48 Stat. 168, 969](/us/stat/48/168/969).[12 U. S. C. § 264;

Supp. III, § 264](/us/usc/t12/s264). deposits of such tribal or individual funds to the extent that such deposits are insured under such section: *Provided, however*, That nothing contained in this Act, or in section 12B of the Federal Reserve Act, shall operate to deprive any Indian having unrestricted funds on deposit in any such bank of the full protection afforded by section 12B of said Federal Reserve Act, irrespective of any interest such Indian may have in any restricted Indian funds on deposit in the same bank to the credit of a disbursing agent of the United States.

For the purpose of said Acts, said unrestricted funds shall constitute a separate and distinct basis for an insurance claim: *Provided further*, That the Secretary of the Interior, if he deems it advisable and forInvestment of trust funds in Government public-debt obligations, etc. the best interest of the Indians, may invest the trust funds of any tribe or individual Indian in any public-debt obligations of the United States and in any bonds, notes, or other obligations which are unconditionally guaranteed as to both interest and principal by the United States: *And provided further*, That the foregoing shall apply to theApplication to bank deposits only. funds of the Osage Tribe of Indians, and the individual members thereof, only with respect to the deposit of such funds in banks.

Sec. 2. Section 28 of the Act of May 25, 1918, entitled “An ActRepeal provisions. making appropriations for the current and contingent expenses of the Bureau of Indian Affairs, for fulfilling treaty stipulations with various Indian tribes, and for other purposes, for the fiscal year ending June thirtieth, nineteen hundred and nineteen”, and all[40 Stat. 591](/us/stat/40/591). other Acts or parts of Acts inconsistent herewith, are hereby repealed. 52 Stat. 1038 Sec. 3. Federal Reserve Act not affected.[12 U.

S. C., ch. 3; Supp. III, ch. 3](/us/usc/t12/s3). Nothing contained in this Act shall be construed as affecting the provisions of the Federal Reserve Act or regulations issued there-under relating to the payment of interest on deposits. Approved, June 24, 1938. To provide for the extension of the boundaries of the Hot Springs National Park in the State of Arkansas, and for other purposes. 1938-06-24 649 Chapter 52 Stat. 1038 75 3 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 public [CHAPTER 649] AN ACT To provide for the extension of the boundaries of the Hot Springs National Park in the State of Arkansas, and for other purposes. June 24, 1938[[H. R. 5763](/us/bill/75/hr/5763)][

Connectionstraces to 5

Traces to 5 documents

statutes-at-large

U.S. Code

2 references not yet in our index