SIXTY·SIXTH CONGRESS. Sess. II. Cns. 38, 39. 1920. 387 GKAP. 38.-An Act To amend section 5182, Revised Statutesof the United States. Jwggwzggé Be it enacted by the Senate and House of Representatives of the United l;P?b:;;b1;;{;1°'] States 4p' America in Oovggress assemble , That section 5182 Revised “ ’° ‘ Statutes of the United tates, be amended to read as follows: I _ { _ M, "Sec. 5182. Any association receiving circulating notes under pro§isaso(;y;11di:sixsb5iilg this title may, if its promise to pay such notes on demand is expressed mg; f,;,;$,i,;,?‘8“· P· thereon attested b the written or engraved signatures of the pres· wsgeetmsscgaggrsédw ident or vice resident and the cashier thereof m such manner as to " °” °'°“° ' make them obligatory promissory notes tlpayable on demand at its ` place of business, issue, and cu·culate e same as money. Such written or engraved signatures of the president or vice cpresident and the cashier o such association may be attached to su notes either L,,g,,, ,,,,,,,,8, amp, before or after the receipt "of such notes by, such association. And {;>1;_gr¤;{<;¤;; gggggggg such notes shall be received at ar in all parts of the United States m ayment of taxes, excises, puhlic lands, other dues__to the Elnited States, except duties on imports; also for all salaries and other debts and demands owing by the United States to individuals, corporations, and associations the Ilnited States, except interest on the public debt, and II.} redemption of the national currency." _ _ 4 , . _ _ ._ Approved, January 13,.1920. , “ — CHAP. 89.=·An Act For the retirement of publicedxool teachers in tbe·District J°i]£r1ir1i.1i§i;i0` °fC°l“mbi·;· ,. z ; . ·· Be it enacted t7».e`Sc·nate and House 6 Re- esemctives o the United sam tg Amergiyca at calmer wmbzia, fiiist within {may days t..‘£?},’i‘(‘§.??.‘i.".?£*.?;.”" after the pegsage of this Act, there shall be deducted and withhe d.,,,‘€§§c‘§§}§’§§*‘,§¥$,}§${ from the ic salary of every teacher in the public schools of the·¤¤¤¤i¤¥¤¤*¤¢i*¤¤¤¤*- District of Columbia an amount computed to the nearest tenth of a dollar that will be sufficient, with interest thereon at 4 per centum per annum, compounded annually, to purchase, under the provisions of this Act, an annuity equal to 1 per centum of his average annual vo, 3, P m basic salary received since the passage of Public Act Numbered 254, ' ` approved une 20, 1906 for each year of hiswhole term of service, payable monthly throughout life, for every such teacher who shall beretired, as herein {provided. (M b The deductions erein provided for shall be based on such annuity mm °‘ °°t M table as the Secretary of the Treasury shall direct, and shall bc varied yearly to correspond to any chan e in the basic salary of the p,.,,;, teacher: Provided, however, That said efeductions shall in no case H M exceed 8 per centum of his annual basic salary: And provided Qirther, ms ° uy m ' That when the basic salary exceeds $1,500 the deductions s all be made as on a basic salary of $1,500. Cmmcm 0, aww The Secretary of the Treasury shall cause to be filed with the mammyau. lloard of Education on September 10 of each year a certificate show- " mg the amoimt of deduction to be made from the salary of each teacher during the year, said deduction to be made in ual amounts, one to be deducted for each school month. A siniilar certificate shall be filed not later than the 15th day of each calendar month to cover cases of new entrants. No deduction shall be made from less · thm ¤¤ anim ¤¤¤¤¢h’¤ Salam D.,..m..¤.. Sec. 2. That the amount so deducted and withheld from the basic urywcmatzreete. salary of every teacher shall be deposited in the Treasury of the United States, and shall be credited, ether with interest at 4 per centum per annum, compounded anmizg , to an account I,,,.,,,m.m ,mmd_ of the teacher from whose salary the decliiction is made. The fund thus created shall be held and invested li the Secretary of the ury until paid out as hereinafter providgd, and the income derived
