Public Law 335. to assist States in collecting sales and use taxes on cigarettes”

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69 Stat. 627 Public Law 335 chapter 695 AN ACT To amend the Act of October 19, 1949, entitled “An Act to assist States in collecting sales and use taxes on cigarettes”.August 9, 1955 [[H. R. 6886](/us/bill/84/hr/6886)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Collection of State cigarette taxes [63 Stat. 884](/us/stat/63/884). That the Act of October 19, 1949, entitled “An Act to assist States in collecting sales and use taxes on cigarettes”, as amended (15 U.

S. C., sees. 375–377), is hereby amended to read as follows: " “That for the purposes of this Act— “(1) The term ‘person’ includes corporations, companies, associations,Definitions. firms, partnerships, societies, and joint stock companies, as well as individuals. “(2) The term ‘cigarette’ means any roll for smoking made wholly or in part of tobacco, irrespective of size or shape and whether or not such tobacco is flavored, adulterated, or mixed with any other ingredient, the wrapper or cover of which is made of paper or any other substance or material except tobacco.

“(3) The term ‘distributor licensed by or located in such State’ means— “(A) in the case of any State which by State statute or regulation authorizes the distribution of cigarettes at wholesale or retail, any person so authorized, or “(B) in the case of any other State, any person located in such State who distributes cigarettes at wholesale or retail; but such term in no case includes a person who acquires cigarettes for purposes other than resale. “(4) The term ‘use’, in addition to its ordinary meaning, means the consumption, storage, handling, or disposal of cigarettes.

“(5) The term ‘tobacco tax administrator’ means the State official duly authorized to administer the cigarette tax law of a State. “(6) The term ‘State’ includes the District of Columbia, Alaska, Hawaii, and the Commonwealth of Puerto Rico. “(7) The term ‘transfers for profit’ means any transfer for profit or other disposition for profit, including any transfer or disposition by an agent to his principal in connection with which the agent receives anything of value. “Sec. 2.

(a)Any person who sells or transfers for profit cigarettesStatements to State tobacco tax administrator. in interstate commerce, whereby such cigarettes are shipped into a State taxing the sale or use of cigarettes, to other than a distributor licensed by or located in such State, or who advertises or offers cigarettes for such a sale or transfer and shipment, shall— “(1) first file with the tobacco tax administrator of the State into which such shipment is made or in which such advertisement or offer is disseminated a statement setting forth his name and trade name (if any), and the address of his principal place of business and of any other place of business; and “(2) not later than the 10th day of each calendar month, file with the tobacco tax administrator of the State into which such shipment is made, a memorandum or a copy of the invoice covering each and every shipment of cigarettes made during the previous calendar month into such State; the memorandum or invoice in each case to include the name and address of the person to whom the shipment was made, the brand, and the quantity thereof. “(b) The fact that any person ships or delivers for shipment any cigarettes shall, if such shipment is into a State in which such person 69 Stat. 628 has filed a statement with the tobacco tax administrator under subsection

(1)of this section, be presumptive evidence

(1)that such cigarettes were sold, or transferred for profit, by such person, and

(2)that such sale or transfer was to other than a distributor licensed by or located in such State. “Sec. 3. Whoever violates any provision of this Act shall be guiltyPenalty. of a misdemeanor and shall be fined not more than $1,000, or imprisoned not more than 6 months, or both. “Sec. 4. The United States district courts shall have jurisdictionCourt jurisdiction. to prevent and restrain violations of this Act.” " Sec. 2.

(a)Except as provided in subsection (b), the amendmentsEffective dates. made by this Act shall take effect thirty days after the date of its enactment.

(b)The provisions of section 2

(a)of the Act of October 19, 1949, as intended by this Act, insofar as it requires the filing of memoranda or copies of invoices with the appropriate tax administrator for shipments of cigarettes into the District of Columbia, Alaska, Hawaii, and the Commonwealth of Puerto Rico, shall apply in respect of memoranda or copies of invoices covering shipments made during calendar months beginning after the month in which this Act is enacted. Approved August 9, 1955. Public Law 336: To amend the Rubber Producing Facilities Disposal Act of 1953, as heretofore amended, so as to permit the disposal thereunder of Plancor Numbered 980 at Institute, West Virginia. Public Law 336 Public Law 336 69 Stat. 628 1955-08-09 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 2026-01-02 84 1 public Public Law 336 chapter 696 AN ACT To amend the Rubber Producing Facilities Disposal Act of 1953, as heretofore amended, so as to permit the disposal thereunder of Plancor Numbered 980 at Institute, West Virginia.August 9, 1955 [[H. R. 7301](/us/bill/84/hr/7301)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Rubber facility. [67 Stat. 408](/us/stat/67/408). [50 USC app. 1941 note](/us/usc/t50/s1941). That the Rubber Producing Facilities Disposal Act of 1953, as heretofore amended, is amended by adding at the end thereof the following new section: " “Sec. 26.

(a)Notwithstanding the second sentence of section 7 (a),Plancor 980. institute, W. Va. [50 USC app. 1941e](/us/usc/t50/s1941e). the period for receipt of proposals for the purchase of the Government-owned rubber-producing facility at Institute, West Virginia, known as Plancor Numbered 980, shall not expire until the end of the sixty-day period which begins on the date of the enactment of this section. “(b) If one or more proposals are received for the purchase ofNegotiation period. Plancor Numbered 980 within the time period specified in subsection (a), the Commission, notwithstanding the expiration of the period for negotiation specified in section 7 (f), shall negotiate with those submitting the proposals for a period of not to exceed seventy-five days for the purpose of entering into a definite contract of sale. “(c) Within ten days after the termination of the actual negotiationReport to Congress. period referred to in subsection (b), or, if Congress is not then in session, within ten days after Congress next convenes, the Commission shall prepare and submit to the Congress a report containing, with respect to the disposal under this section of Plancor Numbered 980, the information described in paragraphs

(1)to (5), inclusive, [50 USC app. 1941g](/us/usc/t50/s1941g). Transfer period.and paragraph

(8)of section 9 (a). Unless the contract is disapproved by either House of the Congress by a resolution prior to the expiration of thirty days of continuous session (as defined in section 9 (c)) of the Congress following the date upon which the report is submitted to it, upon the expiration of such thirty-day period the contract shall become fully effective and the Commission shall 69 Stat. 629 proceed to carry it out, and transfer of possession of the facility sold shall be made as soon as practicable but in any event within thirty days after the expiration of such thirty-day period. The failure to complete transfer of possession within thirty days after the expiration of the period for congressional review shall not give rise to or be the basis of rescission of the contract of sale. “(d) If, upon termination of the transfer period provided for inStandby condition. subsection (c), no contract for the sale of Plancor Numbered 980 has become effective, the operating agency lust designated by the President shall continue to maintain said Plancor in adequate standby condition under the provisions of section 8 of the Rubber Producing[50 USC app. 1941f](/us/usc/t50/s1941f). Facilities Disposal Act of 1953.” " Sec. 2. Notwithstanding the provisions of section 3

(d)of theTransmittal of report to Attorney General. [50 USC app. 1941a](/us/usc/t50/s1941a). Rubber Producing Facilities Disposal Act of 1953, the Rubber Producing Facilities Disposal Commission (hereinafter referred to as the “Commission”) before submission to the Congress of its report relative to Plancor Numbered 980, shall submit it to the Attorney General, who shall, within seven days after receiving the report, advise the Commission whether, in his opinion, the proposed disposition, if carried out, will violate the antitrust laws. Sec. 3. Notwithstanding the provisions of sections 14 and 22 of[50 USC app. 1941l, 1941t](/us/usc/t50/s1941l/1941t). [62 Stat. 101](/us/stat/62/101). [50 USC app. 1921 note](/us/usc/t50/s1921). the Rubber Producing Facilities Disposal Act of 1953, the Rubber Act of 1948, as amended, is hereby extended with respect to the rubber-producing facilities covered by this Act, to the close of the day of transfer of possession of Plancor Numbered 980 to a purchaser in accordance with the provisions of section 26 of the Rubber Producing Facilities Disposal Act. Sec. 4. Notwithstanding the provisions of section 4 of Public LawTermination of Commission. *Ante*, p. 16. [50 USC app. 1941r](/us/usc/t50/s1941r). 19, approved March 31, 1955, and notwithstanding the provisions of section 20 of the Rubber Producing Facilities Disposal Act of 1953, the Commission established by the latter Act shall cease to exist at the close of the thirtieth day following the termination of the transfer period provided foe in section 26

(c)of that Act, unless no sale of Plancor Numbered 980 is recommended by the Commission pursuant to section 26

(c)of that Act, in which event the Commission shall cease to exist at the close of the one hundred and thirtieth day following the date of the enactment of this Act. Sec. 5. Except as otherwise provided in this Act, disposal of PlancorDisposal criteria. [50 USC app. 1941 note](/us/usc/t50/s1941). Numbered 980 shall be fully subject to all the provisions of the Rubber Producing Facilities Disposal Act of 1953 and such criteria as have been established by the Commission in handling disposal of other Government-owned rubber producing facilities under that Act: *Provided*, That the provisions of sections 7 (j), 7 (k), 9 (d), 9 (f), 10,11,End products and feedstocks. 15, and 24 of that Act shall not apply to the disposal of Plancor Numbered 980. As promptly as practicable following the date of transfer of possession of Plancor Numbered 980 to a purchaser under this Act, the operating agency last designated by the President shall offer for sale to such purchaser the end products at such plant and held in inventory for Government account on the day of such transfer of possession, together with the feedstocks then located at such plant or purchased by the operating agency for use at such plant. Sale of such end products shall be made at the Government sales price prevailing on the business day next preceding the date of transfer of possession of such plant. Sale of such feedstocks shall be made at not less than their cost to the Government. In the event the purchaser declines to purchase such end products or feedstocks when first offered to it by the operating agency, they may be thereafter disposed of in such manner as the operating agency deems advisable. In the event Plancor 69 Stat. 630 Numbered 980 is not sold under the provisions of this Act, any end products at such plant and held in inventory for Government account and any feedstocks located at such plant or purchased by the operating agency for use at such plant shall be disposed of in such manner as the operating agency deems advisable, at the prevailing market price for such end products and feedstocks. Sec. 6. The provisions of this Act shall not be applicable to the disposalLimitation. of any Government-owned rubber-producing facilities other than Plancor Numbered 980; and all action taken pursuant to the [50 USC app. 1941 note; ante, p. 15](/us/usc/t50/s1941/15).provisions of the Rubber Producing Facilities Disposal Act of 1953, or the amendment thereto known as Public Law 19, enacted March 31, 1955, prior to the enactment of this Act shall be governed by the provisions of that Act as it existed prior to the enactment of this Act and shall have the same force and effect as if this Act had not been enacted. Approved August 9, 1955. Public Law 337: To authorize the Atomic Energy Commission to pay the salary of a Commissioner during the recess of the Senate, and for other purposes. Public Law 337 Public Law 337 69 Stat. 630 1955-08-09 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 2026-01-02 84 1 public Public Law 337 chapter 697 AN ACT To authorize the Atomic Energy Commission to pay the salary of a Commissioner during the recess of the Senate, and for other purposes.August 9, 1955 [[H. R. 7684](/us/bill/84/hr/7684)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Atomic Energy Commissioner. Salary during Senate recess. authorization Section 1. Notwithstanding the provisions of the Act of June 7, 1924 (43 Stat. 669: 5 U. S. C. 56), the United States Atomic Energy Commission is authorized to pay the salary of any person appointed by the President during the recess of the Senate to fill the presently existing vacancy on the Atomic Energy Commission: *Provided*, That a nomination to fill such vacancy shall be submitted to the Senate not later than forty days after the commencement of the next succeeding session of the Senate. limitation Sec. 2. The authority granted in section 1 hereof shall not extend beyond the recess of the Senate next following the session of Congress during which this Act is enacted. Sec. 3. The fifth sentence of section 21 of the Atomic Energy Act[68 Stat. 924](/us/stat/68/924). [42 USC 2031](/us/usc/t42/s2031). of 1954 is amended to read as follows: “Each member of the Commission, including the Chairman, shall have equal responsibility and authority in all decisions and actions of the Commission, shall have bill access to all information relating to the performance of his duties or responsibilities, and shall have one vote.” Approved August 9, 1955. Public Law 338: To provide for the striking of medals in commemoration of the one hundred and twentieth anniversary of the signing of the Texas Declaration of Independence and the Battles of the Alamo, Goliad, and Sail Jacinto tn the year 1830. Public Law 338 Public Law 338 69 Stat. 630 1955-08-09 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 2026-01-02 84 1 public Public Law 338 chapter 698 AN ACT To provide for the striking of medals in commemoration of the one hundred and twentieth anniversary of the signing of the Texas Declaration of Independence and the Battles of the Alamo, Goliad, and Sail Jacinto tn the year 1830.August 9, 1955 [[H. R. 7244](/us/bill/84/hr/7244)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Texas Heritage Foundation, Inc. Commemorative medals. That in commemoration of the one hundred and twentieth anniversary of the signing 69 Stat. 631 of the Texas Declaration of Independence and the Battles of the Alamo, Goliad, and San Jacinto in the year 1836 the Secretary of the Treasury is authorized and directed to strike and furnish to the Texas Heritage Foundation, Incorporated, two thousand medals one and five-sixteenths inches in diameter, with suitable emblems, devices, and inscriptions to be determined by the Secretary. The medals shall be considered to be national medals within the meaning of section 3551 of the Revised Statutes.[31 USC 363](/us/usc/t31/s363). Sec. 2.

(a)The Secretary of the Treasury shall cause such medals to be struck and furnished at not less than the estimated cost of manufacture, including labor, materials, dies, use of machinery, and overhead expenses; and security satisfactory to the Director of the Mint shall be furnished to indemnify the United States for the full payment of such cost.

(b)Upon authorization from the Texas Heritage Foundation,Sale of duplicates. Incorporated, the Secretary of the Treasury shall cause duplicates in bronze of such medal to be coined and sold, under such regulations as he may prescribe, at a price sufficient to cover the cost thereof (including labor). Approved August 9, 1955. Public Law 339: For the relief of the State of Illinois. Public Law 339 Public Law 339 69 Stat. 631 1955-08-11 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 2026-01-02 84 1 public Public Law 339 chapter 777 AN ACT For the relief of the State of Illinois.August 11, 1955 [[S. 125](/us/bill/84/s/125)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Illinois. Use of Lincoln emblem. That the State of Illinois shall have the exclusive right in interstate commerce to use, manufacture, and to control the right to manufacture the emblematic design heretofore published by the secretary of state of the State of Illinois consisting of a profile of the head of Abraham Lincoln superimposed upon an outline map of the State of Illinois which is surmounted by the name “Illinois” and overlaid by the caption “Land of Lincoln”. Sec. 2. Nothing in this Act shall be construed to confer any right to recover damages for violation of this exclusive right, by any act performed before the date of enactment of this Act, or to prevent the use of any matter utilized before that date. Approved August 11, 1955. Public Law 340: Granting the consent of Congress to the States of Kansas and Oklahoma to negotiate and enter into a compact relating to their interests in, and the apportionment of the waters of the Arkansas River and its tributaries as they affect such States. Public Law 340 Public Law 340 69 Stat. 631 1955-08-11 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 2026-01-02 84 1 public Public Law 340 chapter 778 AN ACT Granting the consent of Congress to the States of Kansas and Oklahoma to negotiate and enter into a compact relating to their interests in, and the apportionment of the waters of the Arkansas River and its tributaries as they affect such States.August 11, 1955 [[S. 730](/us/bill/84/s/730)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Arkansas River. Consent of Congress to interstate compact. That the consent of Congress is hereby given to the States of Kansas and Oklahoma to negotiate and enter into a compact relating to The interests of such States in the development and protection from pollution of the water resources of the Arkansas River and its tributaries, and providing for an equitable apportionment among them of the waters of the Arkansas River and its tributaries flowing between such States, and for matters 69 Stat. 632 incident thereto, upon the condition that one qualified person appointed by the President of the United States shall participate in such negotiations as chairman, representing the United States, and shall make a report to the President and to the Congress of the proceedings and of any compact entered into. Such compact shall not be binding or obligatory upon any of the parties thereto until it shall have been ratified by the legislatures of each of the respective States, and consented to by the Congress of the United States: *Provided*, That any compact negotiated under the authority of this Act shall recognize the respective rights of the States of Kansas and Colorado in the waters of the Arkansas River, us established by the Arkansas River Compact consented to by Public Law 82, Eighty-first Congress, first session. Sec. 2. There is hereby authorized to be appropriated a sufficient[63 Stat. 145](/us/stat/63/145). Appropriation. sum to pay the salary and expenses of the representative of the United States appointed hereunder: *Provided*, That such representative, if otherwise employed by the United States while so employed, shall not receive additional salary in the appointment hereunder. Approved August 11, 1955. Public Law 341: To promote public cooperation in the rehabilitation and preservation of the Nation’s important historic properties in the New York City area, and for other purposes. Public Law 341 Public Law 341 69 Stat. 632 1955-08-11 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 2026-01-02 84 1 public Public Law 341 chapter 779 AN ACT To promote public cooperation in the rehabilitation and preservation of the Nation’s important historic properties in the New York City area, and for other purposes.August 11, 1955 [[S. 132](/us/bill/84/s/132)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,New York City National Shrine a Advisory Board. That the Secretary of the Interior is authorized to appoint an advisory board, to be known as the New York City National Shrines Advisory Board. The membership of the Board may not exceed eleven persons. The Secretary shall appoint one member to represent the city of New York, one member to represent the State of New York, and one member to represent the Borough of Manhattan, after consideration of such recommendations as may be made by the mayor of New York City, the Governor of New York State, and the President of the Borough of Manhattan for the appointment of the representatives of their respective jurisdictions. The remaining membership of the Board shall be appointed from the various historical and civic organizations interested in effectuating the purposes of this Act. The Secretary shall, at the time of appointment, designate one of the members to serve as Chairman. Members of the Board shall receive no compensation for their services, but may be paid any necessary traveling and subsistence expenses incurred in the discharge of their duties, when authorized by the Secretary of the Interior. The functions of the Board shall be to render advice to the SecretaryPreservation of historic properties. of the Interior and to further public participation in the rehabilitation and the preservation of those historic properties in the New York City area that are of great national significance, identified as the Federal Hall National Memorial, Castle Clinton National Monument, and the Statue of Liberty National Monument. The Board shall conduct a study of these, historic properties and submit recommendations concerning their preservation and administration to the Secretary of the Interior, such report and recommendations of the Board to be transmitted to the Congress by the SecretaryReport to Congress. of the Interior, together with his recommendations thereon, within one year following the date of the establishment of the Board. The Board shall cease to exist when the Secretary of the Interior shall find that its purposes have been accomplished. 69 Stat. 633 Sec. 2. The Secretary of the Interior is authorized to accept donations of funds for rehabilitation and preservation of the historic properties including any made upon condition that such funds are to be expended only if Federal funds in an amount equal to the donated funds are appropriated for such purposes. There are authorized toAppropriation. be appropriated such funds as may be necessary to match funds that may be donated for purposes of this Act. Sec. 3. The Federal Hall Memorial National Historic Site, established pursuant to the Historic Sites Act of August 21, 1935 (49 Stat.[16 USC 461–467](/us/usc/t16/s461–467). 666), shall hereafter be known as the “Federal Hall National Memorial”. Approved August 11, 1955. Public Law 342: To authorize the Secretary of Commerce, acting through the Coast and Geodetic Survey, to assist the States of Maryland and Delaware to reestablish their common boundary. Public Law 342 Public Law 342 69 Stat. 633 1955-08-11 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 2026-01-02 84 1 public Public Law 342 chapter 780 AN ACT To authorize the Secretary of Commerce, acting through the Coast and Geodetic Survey, to assist the States of Maryland and Delaware to reestablish their common boundary.August 11, 1955 [[S. 987](/us/bill/84/s/987)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Coast and Geodetic Survey. Md.-Del. boundary t resurvey. That the Secretary of Commerce, acting through the Coast and Geodetic Survey, is authorized and directed, upon the joint request of

(1)the Board of Natural Resources of the State of Maryland, and

(2)the State Archivist and the Chief Engineer of the Highway Department of the State of Delaware, to resurvey that part of the common boundary running generally north and south between the States of Maryland and Delaware which was originally surveyed and marked by Charles Mason and Jeremiah Dixon in the years 1763–1767 with a view to assisting such States to remark or otherwise delineate such boundary. Approved August 11, 1955. Public Law 343: To permit national banks to make twenty-year real estate loans, and nine-month residential construction loans. Public Law 343 Public Law 343 69 Stat. 633 1955-08-11 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 2026-01-02 84 1 public Public Law 343 chapter 781 AN ACT To permit national banks to make twenty-year real estate loans, and nine-month residential construction loans.August 11, 1955 [[S. 1189](/us/bill/84/s/1189)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,National banks. Real estate and residential construction loans. [38 Stat. 273](/us/stat/38/273). That the first paragraph of section 24 of the Federal Reserve Act, as amended (U. S. C., 1952 edition, title 12, sec. 371), is amended to read as follows: " “Sec. 24. Any national banking association may make real estate loans secured by first liens upon improved real estate, including improved farmland and improved business and residential properties. A loan secured by real estate within the meaning of this section shall be in the form of an obligation or obligations secured by a mortgage, trust deed, or other instrument upon real estate, which shall constitute a first lien on real estate in fee simple or, under such rules and regulations as may be prescribed by the Comptroller of the Currency, on a leasehold

(1)under a lease for not less than ninety-nine years which is renewable or

(2)under a lease having a period of not less than fifty years to run from the date the loan is made or acquired by the national banking association, and any national banking association may purchase any obligation so secured when the 69 Stat. 634 entire amount of such obligation is sold to the association. The amount of any such loan hereafter made shall not exceed 50 per centum of the appraised value of the real estate offered as security and no such loan shall he made for a longer term than five years; except that

(1)any such loan may be made in an amount not to exceed 6(1% per centum of the appraised value of the real estate offered as security and for a term not longer than ten years if the loan is secured by an amortized mortgage, deed of trust, or other such instrument under the terms of which the installment payments are sufficient to amortize 40 per centum or more of the principal of the loan within a period of not more than ten years,

(2)any such loan may be made in an amount not to exceed 66% per centum of the appraised value of the real estate offered as security and for a term not longer than twenty years if the loan is secured by an amortized mortgage, deed of trust, or other such instrument under the terms of which the installment payments are sufficient to amortize the entire principal of the loan within a period of not more than twenty years, and

(3)the foregoing limitations and restrictions shall not prevent the renewal or extension of loans heretofore made and shall not apply to real estate loans which are insured under the provisions of title II, title VI, title VIII, [48 Stat. 1247](/us/stat/48/1247); [55 Stat. 55](/us/stat/55/55); [63 Stat. 571](/us/stat/63/571); [64 Stat. 48](/us/stat/64/48); [65 Stat. 295](/us/stat/65/295). [12 USC 1701](/us/usc/t12/s1701). [50 Stat. 522](/us/stat/50/522). [7 USC 1001–1005d](/us/usc/t7/s1001–1005d).section 8 of title I, or title IX of the National Housing Act or which are insured by the Secretary of Agriculture pursuant to title I of the Bankhead-Jones Farm Tenant Act, or the Act entitled ‘An Act to promote conservation in the arid and semiarid areas of the United States by aiding in the development, of facilities for water storage and [50 Stat. 869](/us/stat/50/869). [16 USC 590r–590x–3](/us/usc/t16/s590r–590x–3).utilization, and for other purposes’, approved August 28, 193T, us amended. No such association shall make such loans in an aggregate sum in excess of the amount of the capital stock of such association paid in and unimpaired plus the amount of its unimpaired surplus fund, or in excess of 60 per centum of the amount of its time and savings deposits, whichever is the greater. Any such association may continue hereafter as heretofore to receive time and savings deposits and to pay interest on the same, but the rate of interest which such association may pay upon such time deposits or upon savings or other deposits shall not exceed the maximum rate authorized by law to be paid upon such deposits by State banks or trust companies organized under the laws of the State in which such association is located.” " Sec. 2. The first sentence of the third paragraph of section 24 of the Federal Reserve Act, as amended (U. S. C., 1952 edition, title 12, [48 Stat. 1263](/us/stat/48/1263).sec. 371), is amended by striking “six” and inserting in lieu thereof “nine”. Approved August 11, 1955. Public Law 344: To increase the borrowing power of Commodity Credit Corporation. Public Law 344 Public Law 344 69 Stat. 634 1955-08-11 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 2026-01-02 84 1 public Public Law 344 chapter 782 AN ACT To increase the borrowing power of Commodity Credit Corporation.August 11, 1955 [[S. 2604](/us/bill/84/s/2604)] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,[68 Stat. 1047](/us/stat/68/1047). [15 USC 713a–4](/us/usc/t15/s713a–4). That section 4 of the Act approved March 8, 1938 (52 Stat. 108), as amended, is amended by striking out “$10,000,000,000” and inserting in lieu thereof “$12,000,000,000” Sec. 2. Section 4

(i)of the Commodity Credit Corporation Charter[15 USC 714b (i)](/us/usc/t15/s714bi). Act (62 Stat. 1070), as amended, is amended by striking out “$10,000,000,000” and inserting in lieu thereof “$12,000,000,000”. Approved August 11, 1955. Public Law 345: To extend and clarify laws relating to the provision and improvement of housing, the elimination and prevention of shuns, the conservation and development of urban communities, the financing of vitally needed public works, and for other purposes. Public Law 345 Public Law 345 69 Stat. 635 1955-08-11 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 2026-01-02 84 1 public

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