7 4TH CONGRESS . SESS. II. CHS . 159-161 . MARCH 20, 21, 1936 .
1185 accruing between January 1, 1934, and the date of the approval of this Act may be presented within three months after the date of such approval : And provided further, That acceptance by any claimant of the amount determined to be due him under the provisions of this Act shall be deemed to be in full and final settlement of such claim against the Government of the United States . Approved, March 20, 1936 . [CHAPTER 161 .] AN ACT To exten d th e fa cili ties of the Public Health Serv ice to seamen on Gove rnme nt vessels not in the Military or Naval Establishments . Be it enacted by the Senate and House o f Representatives o f the United States o f America assembled, That hereafter seamen not enli sted or co mmiss ioned in t he Mi litar y or Naval Esta blish ments , who are not now entitled by virtue of an y law to medical relief by 104019-36 75 Accep tance dee med settlement in full . [C HAP TER 160 .] AN ACT March 20, 1936. Relating to taxation of shares of preferred stock, capital notes, and debentures [S . 3978 .] of banks while owned by the Reconstruction Finance Corporation and reaf- [Public, No.482.] firming their immu nity . Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That section 304 Reconstruction Fi- nance Corporation . of the Act entitled "An Act to provide relief in the existing national ve1 .48, pp.6,21. emergency in banking and for other purposes", approved March 9, '-'-'-,P-356- 1933, as amended, be further amended by adding at the end thereof the following "Notw ithst andin g any othe r pro visio n of law o r any priv ilege or consent to tax expressly or impliedly granted thereby, the shares of preferred stock of national banking associations, and the shares of pref erred stoc k, ca pital note s, an d deb entur es of Stat e ban ks and trust companies, heretofore or hereafter acquired by Reconstruc- tion Finance Corporation, and the dividends or interest derived therefrom by the Reconstruction Finance Corporation, shall not, so long as Reconstruction Finance Corporation shall continue to own the same, be subject to any taxation by the United States, by any Territory, dependency, or possession thereof, or the District of Columbia, or by any State, county, municipality, or local taxin authority, whether now, heretofore, or hereafter imposed, levie , or asse ssed, and whether fo r a past, present, o r future t axing peri od . " SEC . 2 . Effective upon the date of enactment of this Act, interest charges on all loans by the Reconstruction Finance Corporation to closed banks and trust companies, now in force, or made subsequent to the date of enactment of this Act, shall not exceed 31/2 per centum per annum on condition that the rate of interest charged debtors of such banks or trust companies shall not exceed 41/ 2 per centum per annum ; otherwise such interest rate shall be as fixed by the Recon- struction Finance Corporation : Provided, however, That no provi- sion of this Act shall be construed to authorize a reduction in the rate of interest on such loans by the Reconstruction Finance Corpo- ration retroactive from the date of enactment of this Act . SEC . 3 . If any provision, word, or phrase of this Act, or the application thereof to any condition or circumstance, is held invalid, the remainder of the Act, and the applic ation of this Act to other conditions or circumstances, shall not be affected thereby . Approved, March 20, 1936 . Bank securities, etc ., exempt f rom taxation while held by. Interest charges . Proviso . Reductions not retry active . Saving clause . March 21, 1936 . [S. 2625.1 [Public, No.453.] Public Health S erv ice . Facilities of, extended to seamen on ce rtai n Government vessels .
