Private Law 74–555

That the Secretary

Biltmore-Oteen Bank.

Execution of a certain indemnity agreement authorized.

of the Treasury is authorized to execute, in the name of the United States, and deliver to the liquidating agent of the Biltmore-Oteen Bank, Biltmore, North Carolina, upon receipt from such liquidating agent of $385, an agreement of indemnity binding the United States to make reimbursement to such liquidating agent in the event that such liquidating agent is required to make payment to a bona-fide holder upon presentation of draft numbered 380, dated November 7, 1922, in the amount of $385, drawn by the Biltmore-Oteen Bank, Biltmore, North Carolina, on the Hanover National Bank, New York,

Proviso.

Appropriation available if payment becomes necessary.

New York, to the order of the Treasurer of the United States: Provided, That if the liquidating agent of the Biltmore-Oteen Bank is required to make payment to a bona-fide holder upon presentation of said draft numbered 380, the Secretary of the Treasury is authorized and directed to pay, out of any money in the Treasury not otherwise appropriated, the sum of $385 to said liquidating agent, pursuant to the terms of the indemnity agreement authorized by this Act.