Volume 68 · 323
Public Law 83–445
Providing that the ratification of the Revenue Bond Act of 1935, enacted by the Legislature of the Territory of Hawaii, shall apply to all amendments of said Act made by said legislature to and including the Acts of the 1953 regular session of said legislature.
Approved June 29, 1954
Statutory text
AN ACT
Providing that the ratification of the Revenue Bond Act of 1935, enacted by the Legislature of the Territory of Hawaii, shall apply to all amendments of said Act made by said legislature to and including the Acts of the 1953 regular session of said legislature.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That chapter 118 of the revised laws of Hawaii, 1945, known as the Revenue Bond Act of 1935, as amended by all acts of the Legislature of the Territory of Hawaii to and including the Acts of the 1953 regular session of said legislature, is hereby ratified and confirmed. It is the intent of this Act that, without the approval of the President of the United States and without the incurring of an indebtedness within the meaning of the Hawaiian Organic Act, revenue bonds may be issued under and pursuant
to the provisions of said Revenue Bond Act of 1935 as heretofore ratified and confirmed, which shall constitute full authority for the issuance of said bonds without reference to and independent of the Hawaiian Organic Act: Provided, however, That nothing herein contained shall be deemed to prohibit the further amendment of said Revenue Bond Act of 1935 in conformity with the authority conferred by the Act of July 15, 1935 (49 Stat. 479, 48 U. S. C., 1946 edition, 562a), and the Act of August 3, 1935 (49 Stat. 516, 48 U. S. C., 1946 edition, 562d).
Approved June 29, 1954.