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Volume 52 · 447

Public Law 75–285

To amend the Second Liberty Bond Act, as amended.

Approved May 26, 1938

Statutory text

AN ACT

To amend the Second Liberty Bond Act, as amended.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

That the first paragraph

Second Liberty Bond Act, amendments.

40 Stat. 288; 49 Stat. 20.

31 U. S. C. § 752; Supp. III, § 752.

Limitation on face amount of bonds removed.

49 Stat. 21.

31 U. S. C., Supp. III. § 757b.

Bonds, certificates of Indebtedness, etc.

40 Stat. 30.

31 U. S. C. § 755.

Aggregate outstanding amount.

Proviso.

Face amount of bonds issued under this Act.

of section 1 of the Second Liberty Bond Act, as amended (U.S. C., title 31,sec. 752), is amended by striking out the following: “: Provided, That the face amount of bonds issued under this section and section 22 of this Act shall not exceed in the aggregate $25,000,000,000 outstanding at any one time ”.

Sec. 2.

Section 21 of the Second Liberty Bond Act, as amended (U. S. C., title 31, sec. 757b), is amended to read as follows:

“Sec. 21.

The face amount of bonds, certificates of indebtedness, Treasury bills, and notes issued under the authority of this Act, and certificates of indebtedness issued under the authority of section 6 of the First Liberty Bond Act, shall not exceed in the aggregate $45,000,000,000 outstanding at any one time: Provided, That the face amount of bonds issued under the authority of this Act shall not exceed in the aggregate $30,000,000,000 outstanding at any one time.”

Approved, May 26, 1938.

Parsed from the official Statutes at Large USLM XML in 52.xml