I want to know about...

NOV 6

&

&

FEDERAL
VOLUME I

REGISTER

4?

A

1934

< Wanted

NUMBER 169

Washington, Friday, Novem ber 6, 1936
TREASURY DEPARTMENT.
Bureau o f Customs.
T . D. 48610
P ort o p E n t r y DESIGNATION OP MOREHEAD CITY, NORTH CAROLINA, AS A CUSTOMS
PORT OP ENTRY

To Collectors of Customs and Others Concerned:
There is published below for the information of customs officers and others concerned the following Executive Order, dated October 30, 1936, designating Morehead City, North Carolina, as a customs port of entry in Customs Collection District No. 15 North Carolina, with headquarters at W il mington, North Carolina, effective as of the date of the order.
seal
P rank D o w ,
Acting Commissioner of Customs.
E xecutive Order By virtue of and pursuant to the authority vested in me by the act of August 1, 1914, 38 Stat. 609, 623 U . S. C., title 19, sec. 2 , I hereby designate Morehead City, North Carolina, as a customs port of entry in Customs Collection District No. 15 North Caro lin a , effective this date.
F r a n k l in D R oosevelt
T he W h ite H ouse,
October 30, 1936.
No. 7482
F. R. Doc. 3260 Filed, November 5,1936; 9:56 a. m .

Bureau of Internal Revenue.
T . D. 4703
R e g u l a t io n s G o v e r n in g t h e A c c e p t a n c e o p T r e a s u r y B i l l s , T r e a s u r y C e r t if ic a t e s o f I n d e b t e d n e s s a n d T r e a s u r y N o t e s i n P a y m e n t o p I n c o m e a n d P r o f it s T a x e s ARTICLES 1391 AND 1392, AS AMENDED, OP REGULATIONS 69
REVOKED

To Collectors of Internal Revenue and Others Concerned:
Pursuant to the provisions of sections 1118 a and 1101 of the Revenue Act of 1926 and section 5 of the Second Liberty Bond Act of 1917, as amended, and by virtue of all other authority of law, the following, regulations are hereby pre scribed:
A r t ic l e 1. Acceptance of Treasury bills, Treasury certifi cates of indebtedness, and Treasury notes in payment of in
come and profits taxes. Collectors of internal revenue are authorized and directed to receive, at par or dollar face amount, in payment of income and profits taxes which the taxpayer is required to pay on the date of maturity of the bills, certificates, or notes, respectively, that is, taxes due for
the first time on that date and which would be overdue thereafter, Treasury bills, Treasury certificates of indebted ness, and Treasury notes, the maturity dates of which are the 15th day of any calendar month, and which according to the express terms of their issue are made acceptable in payment of income and profits taxes. Collectors are not authorized hereunder to receive in payment of taxes any Treasury bills, Treasury certificates of indebtedness, or Treasury notes which are not according to the express terms of their issue made acceptable in payment of taxes, nor any such bills, certificates, or notes which mature on a date other than the date on which the taxes, in payment of which the bills, certificates, or notes, respectively, are tendered, are required to be paid. When the taxes are due on Sunday, the bills, certificates, or notes in payment thereof may be accepted on the following day. In all other cases collectors are authorized to receive Treasury bills, Treasury certificates of indebtedness, and Treasury notes in payment of income and profits taxes only on the date of maturity of the bills, cer tificates, or notes, or within a reasonable time immediately prior thereto. All interest coupons attached toTreasury cer tificates Of indebtedness and Treasury notes shall be detached by the taxpayer before presentation to the collector and collected in ordinary course when due. Receipts given by collectors to taxpayers shall show the description of the bills, certificates, or notes received in payment of taxes, including the exact dollar face amount thereof, and that the bills, certificates, or notes, respectively, are tendered by the tax payer and received by the collector, subject to no condition, qualification, or reservation whatsoever, in payment of no more than an amount of taxes equal to such dollar face amount. Collectors shall in no case pay interest on the bills, certificates, or notes, or accept them for an amount less or greater than their dollar face amount. I f any bills, certificates of indebtedness, or notes are offered in payment of income or profits taxes subject to any condition, qualifi cation, or reservation whatsoever, or for any greater amount than the par or dollar face amount thereof, they will not be deemed to be duly tendered and the collectors shall refuse any such offer and return the bills, certificates o f indebted ness, or notes, respectively, to the taxpayer immediately.
A r t . 2. Procedure with respect to Treasury bills, Treasury certificates of indebtedness, and Treasury notes. Deposits of Treasury bills, Treasury certificates of indebtedness, and Treasury notes received in payment of income and profits taxes shall be made by collectors, unless otherwise specifically instructed by the Secretary of the Treasury, with the Federal reserve bank of the district in which the collectors head office is located, or, in case such head office is located in the same city with a branch Federal reserve bank, with such branch Federal reserve bank. Specific instructions may be given to collectors,, by the Secretary of the Treasury in cer tain instances for the deposit of the bills, certificates and notes with Federal reserve banks o f other districts and branch Federal reserve banks. The term Federal reserve bank
2011