PUBLIC LAWS-CHS. 440 , 441 -AUG. 1 , 1947 the general supervision of the Secretary of Agriculture. The Board shall consist of the manager of the Corporation, two other persons employed in the Department of Agriculture, and two persons experi- enced in the insurance business who are not otherwise employed by the Government. The Board shall be appointed by, and hold office at the pleasure of the Secretary of Agriculture, who shall not, himself, be a member of the Board. Quorum. "(b) Vacancies in the Board so long as there shall be three members in office shall not impair the powers of the Board to execute the func- tions of the Corporation, and three of the members in office shall constitute a quorum for the transaction of the business of the Board. Compensation. "(c) The Directors of the Corporation who are employed in the Department of Agriculture shall receive no additional compensation for their services as such Directors but may be allowed necessary traveling and subsistence expenses when engaged in business of the Corporation, outside of the District of Columbia. The members of the Board who are not employed by the Government shall be paid such compensation for their services as Directors as the Secretary of Agriculture shall determine, but such compensation shall not exceed $100 per day each when actually employed and necessary traveling and subsistence expenses when engaged in business of the Corporation away from their homes or regular places of business. Manager. (d) The manager of the Corporation shall be its chief executive officer, with such power and authority as may be conferred upon him by the Board. He shall be appointed by, and hold office at the pleasure of, the Secretary of Agriculture." Approved August 1, 1947. [CHAPTER 441] August 1, 1947 AN ACT .[P 1.l501 To authorize relief of accountable officers of the Government, and for other [Public Law 321] purposes. Be it enacted by the Senate and House of Representatves of the oelf odisbursing United States of America in Congress assembled, That the General Accounting Office is authorized, after consideration of the pertinent findings and if in concurrence with the determinations and recommen- dations of the head of the department or independent establishment concerned, to relieve any disbursing or other accountable officer or agent or former disbursing or other accountable officer or agent of any such department or independent establishment of the Government charged with responsibility on account of physical loss or deficiency of Govern- ment funds, vouchers, records, checks, securities, or papers in his charge, if the head of the department or independent establishment determines (1) that such loss or deficiency occurred while such officer or agent was acting in the discharge of his official duties, or that such loss or deficiency occurred by reason of the act or omission of a sub- ordinate of such officer or agent; and (2) that such loss or deficiency occurred without fault or negligence on the part of such officer or Aplicability. agent. This Act shall be applicable only to the actual physical loss or deficiency of Government funds, vouchers, records, checks, securities, or papers, and shall not include deficiencies in the accounts of such officers or agents resulting from illegal or erroneous payments. SEC. 2. This Act shall not operate to repeal the provisions of the paragraph of the Act entitled "An Act making appropriations for the naval service for the fiscal year ending June 30, 1920, and for other purposes", approved July 11, 1919, relatin to relief of disburs- ing officers of the Navy (41 Stat. 132; U. S . C ., title 31, sec. 105), and the Act entitled "An Act to authorize relief of disbursing officers of 720 [61 STAT.
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