SEVENTY-FIRST CONGRESS . SEss . I. CHs. 23, 24 . 1929 . C H A P . 2 3 .-Joint Re solution To amend th e Act entitled "An A ct to incorpo- rate the American Hospit al of Paris," approv ed January 30, 1913 . Resolved by the Senate and House of Representatives of the United States o f America in Congress assembled, That the proviso contained in section 2 of the Act entitled "An Act to incorporate the American Hospital of Paris," approved January 30, 1913, is amended to read as follows : " Provided, That the total value of the property owned at any one time by the said corporation shall not exceed $8,000, 000 ." Appro ved, June 14, 1929 . Be it enacted by the Senate and House of Representatives of the United States o f America in Congress assembled, DECLARATION OF POLICY SECTION 1 . (a) That it is hereby declared to be the policy of Con- gress to promote the effective merchandising of agricultural com- modities in interstate and foreign commerce, so that the industry of agriculture will be placed on a basis of economic equality with other industries, and to that end to protect, control, and stabilize the currents of interstate and foreign commerce in the marketing of agri- cultural commo dities and th eir food prod ucts- (1) by minimiz ing speculati on . (2) by preventing inefficient and wasteful methods of distribution . (3) by encouraging the organization of producers into effective associations or corporations under their own control for greater unity of effort in marketing and by promoting the establishment and financing of a farm marketing system of producer-owned and pro- ducer-controlled cooperative associations and other agencies . (4) by aiding in preventing and controlling surpluses in any agri- cult ural com modi ty, thro ugh orde rly prod ucti on a nd d istr ibut ion, so as to maintain advantageous domestic markets and prevent such sur- plus es f rom caus ing undu e an d ex cess ive fluc tuat ions or depr essi ons in prices for the commodity . (b) There shall be considered as a surplus for the purposes of this Act any seasonal or year's total surplus, produced in the United States and eit her loc al or nationa l in ex tent, that is in exc ess of the requirements for the orderly distribution of the agricultural com- modity or is in excess of the domestic requirements for such commodity . (c) The Federal Farm Board shall execute the powers vested in it by this Act only in such manner as will, in the judgment of the board, aid to the fullest practicable extent in carrying out the policy above decl ared . 11 Jane 14, 1929 . [H.J. Res. 73.] [Pub. Res., No.14.] American Hospital of Paris. Vol.37, p . 654, amend- ed. Property limitation increased . CHAP. 24.-An Act To establish a Federal Farm Board to promote the Ju ne [H. R.1 .] effective merchandising of agricultural commodities in interstate and foreign
[Public, No. 10.] commerce, and to place agriculture on a basis of economic equality with other industries . Agricultural Market- ing Act . Declaration of policy . To promote merchan- dising of agricultural co mmodities in com- merce, by stabilizing, etc., marketing thereof Minimize specula- tion . Prevent wasteful dis- tribution . Encourage organiza- tions of producers to fo rm marketin g sys- te ms by coope rative ass ociations the reof. Aid orderly produo- Lion to prevent sur- pluses, etc . Surplusconsidered as an excess of require- ments for orderly eis- tnbution, or domestic ne eds. Policy to be executed by Federal Farm Board. FED ERAL FA RM BOARD
Fe deral Farm B oard . SEC . 2 . A Federal Farm Board is hereby created, which shall con- Creation and com- sist of eight members to be appointed by the President, by and with p ositi on t hereo f. the advice and consent of the Senate, and of the Secretary of Agri- culture, ex officio . In making the appointments the President shall give due con side rati on t o ha ving the maj or a gric ultu ral comm odit ies produced in the United States fairly represented upon the board . Major agricul tural commodities to be rep- resented thereon .
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