72d CO NGRESS . SESS . I. CHS. 35, 36, 38 . FEBRUAR Y 10, 11 , 1932 .
47 SEC . 2 . The right to sell, assign, transfer, and mortgage all the Right to yen, assign, rights, powers, and privileges conferred by this Act is hereby granted etc"conferred ' to the Louisiana Highway Commission, the Missouri Pacific Railroad Company, and the Louisiana and Arkansas Railway Company, their successors and assigns, and any party to whom such rights, powers, and privileges may be sold, assigned, or transferred, or who shall acquire the same by mortgage foreclosure or otherwi se is hereby authorized to exercise the same as fully as though conferred herein directly upon such party . SEc. 3 . The right to alter, amend, or repeal this Act is hereby Amendment . expressly reserve . Approved, February 10, 1932 . (CHAPTER 36 .] AN ACT Granting the consent of Congress to the Board of County Commissioners of February io, 1932.
[H. A. 722x.) Allegheny County, Pennsylvania, to construct, maintain, and operate a free [Public, No. 26.) highway bridge across the Monongahela River between the city of Pittsburgh and the borough of Homestead . Pennsylvania. Be it enacted by the Senate and House o f Representatives of the United States of America in Congress assembled, That the consent Monon Allegheny ~County, River . . of Congress is hereby granted to the Board of County Commissioners Pa.W may bridge at of Allegheny County, Pennsylvania, to construct, maintain, and Pittsburgh . operate a free highway bridge and approaches theret o across the Monongahela River, at a point suitable to the interests of naviga- tion, between the city of Pittsburgh and the borough of Homestead, to replace what is known as the Brown Bridge, in accordance with Construc tion- the the provisions of an Act entitled "An Act to regulate the construc- tion of bridges over navigable waters," approved March 23, 1906 . SEc. 2 . The right to alter, amend, or repeal this Act is hereby Am endm ent . expre ssly r eserve d . Approved, February 10, 1932 . (CHAPTER 38 .] AN ACT February 11 1932 Exempting building and loan associations from being adjudged bankrupts . [s .2i99.) Be it enacted by the Senate and House of Representatives of the [Public, No. 27.] United States of America in Congress assembled, That section 4 of uniform Bankruptcy the Act entitled "An Act to establish a uniform s stem of bank- Actam P sent. ruptcy throughout the United States," approved July 1, 1898, as Wit,p 1 ~5' amended (U. S. C., title 11, sec . 22), is amended to read as follows : "SEc. 4. Who may become bankrupts .-(a) Any person, except bawho may become a municipal, railroad, insurance, banking corporation, or a building Building and loan and loan association, shall be entitled to the benefits of this Act as a pt~tions, etc ., ex. voluntary bankrupt . "(b) Any natural person, except a wage earner or a person en- invo lunta ry bank aged chiefly in farming or the tillage of the soil, any unincor o rupt cy' rated compan y, and any moneyed, business, or comecial corpora - tion (except a municipal, railroad, insurance, or banking corporation or a building and loan association) owing debts to the amount of $1,000 or over, may be adjudged an involuntary bankrupt upon defau lt or an imp artial tria l, and shall be su bject to th e prov isions and entitled to the benefits of this Act . " The bankruptcy of a corporation or association shall not release Liabilit y of officers, its officers, directors, or stockholders, as such from any liability under ate ., of corporation . the laws of a State or Territory or of the 1'Jnited States ." Approved, February 11, 1932 . i
