amount of the association's paid-in and unimpaired capital stock and surplus.Limitation for perishable staples. The exception made under (3) hereof shall not apply to the notes of any one person, corporation or firm or company, or the several members thereof for more than six months in any consecutive twelve months."
Sec. 2. Indebtedness of national banks.That section 5202 of the Revised Statutes of the United States as amended by section 20, Title I, of the Act approved April 5, 1918, be further amended so as to read as follows:Limitation of.
R. S., sec. 5202, p. 1006, amended.
Vol. 40, p. 512, amended.
Exceptions.
"Sec. 5202. No national banking association shall at any time be indebted, or in any way liable, to an amount exceeding the amount of its capital stock at such time actually paid in and remaining undiminished by losses or otherwise, except on account of demands of the nature following:
"First. Circulating notes.Notes of circulation.
"Second. Deposits.Moneys deposited with or collected by the association.
"Third. Drafts, etc.Bills of exchange or drafts drawn against money actually on deposit to the credit of the association, or due thereto.
"Fourth. Dividends, etc.Liabilities to the stockholders of the association for dividends and reserve profits.
"Fifth. Federal reserve liabilities.Liabilities incurred under the provisions of the Federal Reserve Act.
"Sixth. War Finance Corporation liabilities.
Vol. 40, p. 1313.Liabilities incurred under the provisions of the War Finance Corporation Act.
"Seventh. Liabilities created by the indorsement of accepted bills of exchangeAccepted foreign bills of exchange.
Vol. 40, p. 235. payable abroad actually owned by the indorsing bank and discounted at home or abroad."
Approved, October 22, 1919.
October 22, 1919. [H. R. 8624.]
[Public, No. 63.]
Chap. 80.—An Act To amend an Act entitled "An Act to provide further for the national security and defense by encouraging the production, conserving the supply, and controlling the distribution of food products and fuel," approved August 10, 1917, and to regulate rents in the District of Columbia.
Food Control and District of Columbia Rents Act.Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That this Act may be cited as "The Food Control and the District of Columbia Rents Act."
Food control.Title I.—Food Control Act Amendments.
Amendments. Vol. 40, p. 276, amended.That section one of the Act entitled "An Act to provide further for the national security and defense by encouraging the production, conserving the supply, and controlling the distribution of food products and fuel," approved August 10, 1917, is hereby amended to read as follows:
Conserving supply of designated necessaries essential during the war."That by reason of the existence of a state of war, it is essential to the national security and defense, for the successful prosecution of the war and for the support and maintenance of the Army and Navy, to assure an adequate supply and equitable distribution, and to facilitate the movement of foods, feeds, wearing apparel, Wearing apparel and food containers added.containers primarily designed or intended for containing foods, feeds, or fertilizers; fuel, including fuel oil and natural gas, and fertilizer and fertilizer ingredients, tools, utensils, implements, machinery, and equipment required for the actual production of foods, feeds, and fuel, hereafter in this Act called necessaries; to prevent,Prevention of scarcity, etc. locally or generally, scarcity, monopolization, hoarding, injurious speculation, manipulation, and private controls affecting such supply, distribution, and movement; Government control.
Means created.and to establish and maintain governmental control of such necessaries during the war. For such purposes the instrumentalities, means, methods, powers, authorities, duties, obligations, and prohibitions hereinafter set forth are created, established, conferred, and
