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73d CONGRESS . SESS . II. CHS.6,7. JANUARY 30 , 31, 1934 . Cumulative sinking
(b) Sec tion 6 of the Victory Liber ty Loan Act (U .S .C ., title 31, fund . Vol. 40, p. 1311; Vol . sec . 767 ; Supp . VII, title 31, sees . 767-767a) is amended by striking 42 2, p. 1427; Vol. 47, a out the words " for refunding purposes ", together with the preceding uses "for refunding comma, at the end of the first sentence of subsection (a) . purposes l sue of" repealed . gold certifi-
(c) The Secretary of the Treasury is authorized to issue gold cares authorized . certificates in such form and in such denominations as he may deter- mine, against any gold held by the Treasurer of the United States, except the gold fund held as a reserve for any United States notes and Treasury notes of 1890 . The amount of gold certificates issued and outstanding shall at no time exceed the value, at the legal stand ard, of the g old so held ag ainst gold ce rtifica tes . SEC . 15 . As used in this Act the term "United States" means the Govern ment o f the Unite d Stat es ; the term "the co ntinental United States " means the States of the United States the District of Columbia, and the Territory of Alaska ; the term " curre ncy of the United States " means currency which is legal tender in the United States, and includes United States notes, Treasury notes of 1890, gold certificates, silver certificates, Federal Reserve notes, and circulating notes of Federal Reserve banks and national banking associations ; and the term " person " means any individual, partner- Equivalents doents as be- tween
shihf association, or corporation, including the Federal Reserve dollars or cut- reney, and gold; face Board, Feder al Reserve ba nks, and Fede ral Reserve ag ents . Wher- val ue, e t•'
ever reference is made in this Act to equivalents as between dollars or currency of the United States and gold, one dollar or one dollar face amount of any currency of the United States equals such a number of grains of gold, nine tenths fine, as, at the time referred to, provi- are contained in the standard unit of value, that is, so long as the President shall not have altered by proclamation the weight of the gold dollar under the authority of section 43, title III, of the Act approved May 12, 1933, as heretofore and by this Act amended, twenty-five and eight tenths grains of gold, nine tenths fine, and thereafter such a number of grains of gold, nine tenths fine, as the President shall have fixed under such authority . SEC . 16 . The right to alter, amend, or repeal this Act is hereby expressly reserved . If any provision of this Act, or the application thereof to any person or circumstances, is held invalid, the remainder of the Act, and the application of such provision to other persons or circumstances, shall not be affected thereby. Incon sist ent Acts, S EC. 17 . All Acts and parts of Acts inconsistent with any of the provisions of this Act are hereby repealed . Approved, January 30, 1934 . Limi tatio n . Def ini ti ons . Revaluation sion . Ante, p. 52 Rights reserved . Saving clause . etc., re pea led . January 31, 1934. [H.R. 6670.] [Pu blic, No .88] Feder al F arm Mort- gage Corporation Act. Corpo rati on estab- lished to aid in refi- nancing of farm debts, etc . Principal office, man- agement, etc . Board of directors . Governor, etc . [CHA PTER 7.] AN ACT To provide for the establishment of a corporation to aid in the refinancing of farm debts, and for other purposes . Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That there is hereby established a corporation to be known as the 44 Federal Farm Mortgage Corpo ration", here inafter in th is Act referre d to as the " corporation ." The principal office of the corporation shall be located in the District of Columbia and the management of the corporation shall be vested in a board of directors consisting of the Secretary of the Treasury, or an officer of the Treasury designated by him, the Governor of the Farm Credit Administration, herein- after in this Act referred to as the " Governor " . and the Land Bank
