670
PUBLIC LAW 351-AUG. 11, 1955
[69 S T A T.
P A Y M E N T OF SUBSCRIPTIONS
SEC. 7. (a) The Secretary of the Treasury is authorized to pay the subscription of the United States" to the Corporation and for this purpose is authorized to use as a public-debt transaction not to exceed $35,168,000 of the proceeds of any securities hereafter issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under that Act are extended to include such purpose. Payment under this subsection of the subscription of the United States to the Corporation and any repayment thereof shall be treated as public-debt transactions of the United States. (b) Any payment of dividends made to the United States by the Corporation shall be covered into the Treasury as a miscellaneous receipt. JURISDICTION A N D V E N U E OF ACTIONS
SEC. 8. For the purpose of any action which may be brought within the United States or its Territories or possessions by or against the Corporation in accordance with the Articles of Agreement of the Corporation, the Corporation shall be deemed to be an inhabitant of the Federal judicial district in which its principal office in the United States is located, and any such action at law or in equity to which the Corporation shall be a party shall be deemed to arise under the laws of the United States, and the district courts of the United States shall have original jurisdiction of any such action. When the Corporation is a defendant in any such action, it may, at any time before the trial thereof, remove such action from a State court into the district court of the United States for the proper district by following the procedure for removal of causes otherwise provided by law. STATUS, I M M U N I T I E S AND PRIVILEGES
SEC. 9. The provisions of article V, section 5(d), and article VI, sections 2 to 9, both inclusive, of the Articles of Agreement of the Corporation shall have full force and effect in the United States and its Territories and possessions upon acceptance of membership by the United States in, and the establishment of, the Corporation. Approved August 11, 1955.
Public Law 351 August 11, 1955
[S. 2295]
Burley to b a c c o. 65 Stat. 422. 7 USC 1313.
C H A P T E R 789 ^ ^
^ ^ ^
rpp amend section 313 of the Agricultural Adjustment Act of 1938, with respect to tobacco allotments. Be it enacted by th-e Senate and House of Representatives of the United States of America in Congress a.ssembled^ That section 313 of the Agricultural Adjustment Act of 1938, as amended, is amended by adding at the end thereof the following new subsection: " (j) I n establishing farm acreage allotments for burley tobacco crops for the years 1956, 1957, and 1958 the acreage allotment for any farm which has not been retired from agricultural production shall not be reduced below the acreage allotment which would otherwise be established because the harvested acreage was less than the allotted acreage unless the acreage harvested was less than 50 per centum of the allotted acreage in each of the preceding five years, in which event it shall not be reduced for such reason to less than the largest acreage harvested in any year in such five-year period." Approved August 11, 1955.
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