Full text: The Federal reserve act (approved December 23, 1913) as amended to March 4, 1931

104 
APPENDIX 
by the Act of Congress, approved February 24, 1905 (33 
Stat. 811), entitled “An Act to amend an Act approved 
August thirteenth, eighteen hundred and ninety-four, 
entitled ‘An Act for the protection of persons furnishing 
materials and labor for the construction of public works,” 
shall file with the obligee, at any time after a default in the 
performance of any contract subject to said Acts, the 
application and affidavit therein provided, the obligee 
shall not deliver to the obligor the deposited bonds of 
notes nor any surplus proceeds thereof until the expirs- 
tion of the time limited by said Acts for the institution of 
suit by such person or persons, and, in case suit shall be 
instituted within such time, shall hold said bonds or notes 
or proceeds subject to the order of the court having juris- 
diction thereof: Provided further, That nothing herein 
contained shall affect or impair the priority of the claim 
of the United States against the bonds or notes deposited 
or any right or remedy granted by said Acts or by this 
section to the United States for default upon any obligs- 
tion of said penal bond: Provided further, That all laws 
inconsistent with this section are hereby so modified as to 
conform to the provisions hereof: And provided Surther, 
That nothing contained herein shall affect the authority 
of courts over the security, where such bonds are taken 88 
security in judicial proceedings, or the authority of any 
administrative officer of the United States to receive 
United States bonds for security in cases authorized by 
existing laws. The Secretary may prescribe rules and 
regulations necessary and proper for carrying this section 
into effect. 
CONVERSION OF FOREIGN CURRENCY INTO CUR 
RENCY OF THE UNITED STATES 
Section 6522 of the Tariff Act of 1930, approved June 17, 1930 
(8) VALUE OF FOREIGN COIN PROCLAIMED BY SECRETARY 
or TrEASURY.—Section 25 of the Act of August 27, 1894, 
entitled “An Act to reduce taxation, to provide revenue 
for the Government, and for other purposes”, as amended, 
is reenacted without change as follows: 
“Sec. 25. That the value of foreign coin as expressed 
in the money of account of the United States shall be 
that of the pure metal of such coin of standard value; 
and the values of the standard coins in circulation of the 
various nations of the world shall be estimated quarterly
	        
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