Volume 68
Public Law 83–513
To permit Investment of funds of insurance companies organized within the District of Columbia in obligations of the International Bank for Reconstruction and Development.
Approved July 19, 1954
Statutory text
AN ACT
To permit Investment of funds of insurance companies organized within the District of Columbia in obligations of the International Bank for Reconstruction and Development.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
That section 35 (1) of chapter III of the Act of June 19, 1934 (48 Stat. 1152), as amended (D. C. Code, title 35, sec. 535 (1)), is amended to read as follows:
“(1) Bonds, notes, or other evidences of indebtedness of the United States, any State, Territory, or possession of the United States, the District of Columbia, the Dominion of Canada, any Province of the Dominion of Canada, or of any administration, agency, authority, or instrumentality of any of the political units enumerated; or obligations issued or guaranteed as to principal and interest by International Bank for Reconstruction and Development.”
Sec. 2.
Section 18 (1) of chapter II of the Act of October 9, 1940 (54 Stat. 1072; D. C. Code, title 35, sec. 1321 (1)), is amended to read as follows:
“(1) Bonds or other evidences of indebtedness of the United States, or of any State; or of the Dominion of Canada, or of any Province thereof; or obligations issued or guaranteed as to principal and interest by International Bank for Reconstruction and Development.”
Approved July 19, 1954.