Page:United States Statutes at Large Volume 53 Part 2.djvu/658

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

ci tU July 28, 1939 [H. R. 54071 [Public, No. 242] Bankruptcy Act of 1898, amendments. 30 Stat. 544 . 11U. .C.;11U.S. C., Supp. IV. Jurisdiction. Definitions. " Petitioner. " 41 Stat. 494. 49 U.S.C. I 20a. 47 Stat. 1474. 11U. .C.I205; Supp. IV , § 205. "C laims." "Debt." [CHAPTER 393] AN ACT To amend an Act entitled "An Act to establish a uniform system of bankruptcy throughout the United States", approved July 1, 1898, and Acts amendatory thereof and supplementary thereto. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That the Act of July 1,1898, entitled "An Act to establish a uniform system of bank- ruptcy throughout the United States", as amended, is hereby further amended by adding thereto a new chapter, to be designated chapter XV, and to read as follows: "CHAPTER XV-RAILROAD ADJUSTMENTS "ARTICLE I-JURISDICTION "SEC. 700. In addition to the jurisdiction otherwise exercised, courts of bankruptcy shall exercise original jurisdiction, as provided in this chapter, for postponements or modifications of debt, interest, rent, and maturities or for modifications of the securities or capital struc- tures of railroads. "ART ICLE II-DEFINITIONS "SEC. 705. The following terms, as used in this chapter unless a different meaning is plainly required by the context, shail be con- strued as follows: "(1) 'Petitioner' means any carrier as defined in section 20a of the Interstate Commerce Act, excluding any corporation in equity receivership or in proceedings for reorganization under section 77 of this Act, petitioning for a plan of adjustment, as hereinafter defined. "(2) 'Claims' includes debts whether liquidated or unliquidated, certificates of deposits of securities (other than stock and option warrants to subscribe to stock), including demands and obligations of whatever character made, assumed or guaranteed by the petitioner. "(3) 'Debt' shall be considered to include all claims held or owned by 'creditors' as hereinafter defined. I14 PUBLIC LAWS-CIHS. 390, 393-JULY 27, 28, 1939 [53 STAT. Reentry of bene f - SEC. 4. No Filipino who receives the benefits of this Act shall be entitled to return to the United States, its Territories or possessions, except as a quota immigrant under the provisions of section 8 (a) 48Stat. 462. (1) of the Philippine Independence Act of March 24, 1934, during .S ..1238. the period such section 8 (a) (1) is applicable. Appropriation au- SEC. 5. There is hereby authorized to be appropriated from moneys horized. ot, p. 1319. in the Treasury not otherwise appropriated, amounts necessary to Administration. carry out the provisions of this Act. All amounts so appropriated shall be administered by the Secretary of Labor, and ali expenses, including those incurred by the Navy and War Departments, shall be charged thereto. Time limitation. SEC. 6. No application for the benefits of this Act shall be accepted by any officer of the Immigration Service after December 1, 1940; and all benefits under this Act shall finally terminate on December 31, 1940, unless the journey has been started on or before that date, in which case the journey to Manila shall be completed. Nottobeconsidered SEC. 7. Nothing in this Act shall be construed as authority to deport any native of the Philippine Islands, and no Filipino removed from any State or Territory or the District of Columbia under the provi- sions of this Act shall hereafter be held to have been deported from the United States. Approved, July 27, 1939. de