73d CONGRESS . SESS. II. CHS. 120, 121 . AP RIL 13, 1934 .
589 rules and regulations as he may prescribe, including the payment of such fees and expenses as will be reasonable and as nearly as may be cover the cost for the service rendered : Pr ovid ed, That fees for inspections made by a licensed inspector, less the percentage thereof tore' collections . which he is allowed by the terms of his contract of employment with the Secre tary as c ompensati on for hi s service s, shall be deposi ted into the Treasury of the United States as miscellaneous receipts ; and fees for inspections made by an inspector acting under a cooperative agreement with a State, municipality, or other person shall be dis- posed of in accordance with the terms of such agreement : Provided inspector's travel ex- further, That expenses for travel and subsistence incurred by inspec- penses . tors sh all be paid by the appli cant f or insp ection to th e disb ursing clerk of the United States Department of Agriculture to be credited to the approp riatio n for carryi ng out the pu rposes of th is Act : And Gates to be prima facie provided further, That certificates issued by such inspectors shall evidence in U .S. courts . be received in all courts of the United States and in all proceedings under this Act as prima-f acie evidence of the truth of the statements therein conta ined ." Approved, April 13, 1934 . [CHAPTER 121 .] AN ACT April 13, 1934 . Authorizing the Reconstruction Finance Corporation to make loans to nonprofit [n .R .7599 .1 corp orati ons f or th e rep air o f dam ages cause d by flood s or other cata strop hes, [Public, No . 160 .1 and for other purposes . Be it enacted by the Senate and House of Representatives of the United States of Ame rica in Cong ress ass embl ed, That the Recoil- Emergency aid for property damaged by struction Finance Corporation is authorized and empowered, flood, earthquake, etc . through such existing agency or agencies as it may designate, to Loans authorized to t,
nonprofit corporations . make loans to nonprofit corporations, with or without capital stock, organized for the purpose of financing the acquisition of home or building sites in replacement of sites formerly occupied by buildings where such sites are declared by public authority to be unsafe by reason of flood, danger of flood, or earthquake, and for the purpose of financing the repair or construction of buildings or structures, or water, irrigation, gas, electric, sewer, drainage, flood-control, com- munication, or transportation systems, damaged or destroyed by earthquake, conflagration, tornado, cyclone, or flood in the year 1933, and in the months of January and February 1934, and deemed by the R econs truct ion Finan ce Co rpor ation to b e eco nomi cally usef ul or necessary . Obligations accepted hereunder shall be collateraled-
Collateral obli ge- (a) In case of loans for the acquisition, repair, or reconstruction t1 Loans on private of private property, by the obligations of the owner of such prop- property . erty, secu red b y a param ount lien exce pt as to t axes and speci al assessmen ts on the property to be ac quired, r epaired, or recons tructed, or on other property of the borrowers ; (b) In case of loans for the repair or reconstruction of privately P rivat ely-o wned owned water, gas, electric, communication, or transportation systems, public utilities, e tc . b y the obliga tions of the owner s of s uch wat er, ga s, ele ctric, com- munication, or transportation systems, secured by a lien thereon ; and (c) In case of loans for the repair or reconstruction of property of p ~rope i~. Of munici- municipalities or political subdivisions of States or of their public agencies, including public-school boards and public-school districts, and water, irrigation, sewer, drainage, and flood-control districts, by an obligation of such municipality, political subdivision, public agency, board, or district, payable from any source, including taxa- ti on or tax-an ticipa tion w arrant s .
