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Tuesday, Ju ly 11, 1950

FEDERAL REGISTER

4365

tion 5 hereof, c the book value of any office furniture and equipment of the Reconstruction Finance Corporation A numerical list of the parts of the Code of Federal Regulations affected by documents transferred under the provisions of sec published in this issue. Proposed rules, as tion 5 hereof, and d the par value of opposed to final actions, are identified as the capital stock of the Federal National such.
Mortgage Association plus the amount of its surplus paid in by the Reconstruction Page Title 3
, Finance Corporation, Chapter H Executive orders ;
4 The function of issuing notes or 4363
10141_ ________________
other obligations to the Secretary of the Chapter III:
Treasury, which may be purchased by R. P. 22, 1950_____________ __ 4365
the Secretary, under section 7 of the Re __ 4366
R. P. 23, 1950_______
construction Finance Corporation Act, as R. P. 25, 1950. __________ ___ 4366
amended, in an amount not in excess of Title 6
that necessary to finance at any one Chapter III:
time the outstanding balances of the in Part 324_________________ . _ 4366
vestments, loans, and purchases held by ___ 4367
Part 624________

the Federal National Mortgage Associa tion, taking into consideration other bal Title 7
ance sheet items, Chapter IH:
5 Except as otherwise provided in Part 301 --------- -------------- _ _ 4368
this reorganization plan, all other func Chapter VII:
tions of the Reconstruction Finance Cor Part 722_________________ ___ 4372
poration including functions of the Title 14
board of directors of such Corporation Chapter I;
and functions of the chairman of the __ 4372
Part 42___
board of directors of such Corporation Title 17
with respect to the Federal National Chapter II:
Mortgage Association, and Part 240 proposed ____ 4378
6 All functions of the Federal Hous ing Commissioner with respect to the Title 33
Federal National Mortgage Association.
Chapter I:
T he W hite H ouse , ___ 4373
Part 19_________
S ec . 3. Board of directors and officers.
Jui 8, 1950.
Functions with respect to serving, in Title 38
F. R. Doc. 50-6017; Filed, July 8, 1950;
cluding eligibility to serve, as members Chapter I:
11:19 a. m.
of the board of directors of the Federal 4373
Part 14 _____ __ _
National Mortgage Association and as Title 46
officers of such Association are hereby Chapter I:
transferred from the members of the Part 1 5 4 ___ ___________ _ 4373
REORGANIZATION PLAN NO. 22 OF
board of directors of, and from the offi cers and employees of, the Reconstruc Title 47
1950
tion Finance Corporation to the officers Chapter I:
Part 2 proposed------ v ___ 4378 Prepared by the President and Trans and employees of the Housing and Home m itted to the Senate and the House of 4374
Finance Agency including those of the Part 3__ ______________
Representatives in Congress Assem constituent agencies of the Housing and 4376
Part 8
--------- ----------bled, May 9,1950, Pursuant to the Pro Home Finance Agency.
Part 13 2 documents____ 4374, 4376
visions of the Reorganization Act of S ec . 4. Performance of functions of 1949, Approved June 20, 1949
Administrator. The Housing and Home labor organizations, to bargain collec FEDERAL NATIONAL MORTGAGE ASSOCIATION
Finance Administrator may from time tively through representatives of their S ection 1. Transfer of Association and to time make such provisions as he shall own choosing with the representatives of the company, subject to the provisions its functions. The Federal National deem appropriate authorizing the per of applicable law, as to disputes between Mortgage Association, together with its formance by any other officer, or by any the company and the workers; and to functions, is hereby transferred from the agency or employee, of the Housing and engage in concerted activities for the Reconstruction Finance Corporation to Home Finance Agency of any function purpose of such collective bargaining or the Housing and Home Finance Agency transferred to such Administrator by the for other mutual aid or protection, pro and shall be administered subject to the provisions of this reorganization plan.
vided that in his opinion such concerted direction and control of the Housing and S ec. 5. Transfer of records, property, activities do not interfere with the oper Home Finance Administrator.
personnel, and funds. There are hereby ation of the transportation system taken S ec. 2. Transfers to the Housing Ad- . transferred with the functions trans hereunder.
ministrator. There are hereby transfer ferred by this reorganization plan, re 7.
Except as this order otherwise pro red from the Reconstruction Finance spectively, all of the assets, liabilities, vides and except as the Secretary may Corporation to the Housing and Home contracts, property, records, and unex otherwise direct, the operation of the Finance Administrator, pended balances of authorizations, allo transportation system taken hereunder 1 The notes of the Federal National cations and other funds, available or to shall be in conformity with the Inter Mortgage Association payable to the Re be made available, of the Federal Na state Commerce Act, as amended, the construction Finance Corporation, tional Mortgage Association, and so Railway Labor Act, as amended, the 2 The capital stock of the Federal much of the assets, liabilities, contracts, Safety Appliance Acts, the Employers National Mortgage Association, property, records, personnel, and unexLiability Acts, and other applicable Fed 3 The function of the Reconstruc pended balances of authorizations, allo eral and State laws, Executive orders, tion Finance Corporation of making pay cations, and other funds, available or to local ordinances, and rules and regulaments on its notes issued to the Secretary be made available, of the Reconstruction tions issued pursuant to such laws, Exec of the Treasury in an amount equal to Finance Corporation and relating to utive orders, and ordinances.
a the unpaid principal of, and accrued functions transferred by the provisions interest on, the notes of the Federal Na of this reorganization plan, as the Direc tional Mortgage Association transferred tor of the Bureau of the Budget shall under 1 above, b any funds of the determine to be necessary for the admin Reconstruction Finance Corporation istration of such functions, excluding, transferred under the provisions of sec however, 1 the members of the board 8.
Except with the prior written con sent of the Secretary, no receivership, reorganization, or similar proceeding af fecting the company shall be instituted;
and no attachment by mesne process,
CODIFICATION GUIDE

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garnishment, execution, or otherwise shall be levied on or against any of the real or personal property or other assets of the company.
9. The Secretary is authorized to fur nish protection for persons employed or seeking employment in or with the transportation system of which posses sion is taken hereunder ; to furnish pro tection for such transportation system;
and to furnish equipment, manpower, and other facilities or services deemed necessary to carry out the provisions, and to accomplish the purposes, of this order.
10. From and after four oclock, East ern Standard Time, on the eighth day of July, 1950, all properties taken under this order shall be conclusively deemed to be within the possession and control of the United States without further act or notice.
11. Possession, control, and operation of the transportation system, or any part thereof, or of any real or personal property taken under this order shall be terminated by the Secretary when he de termines that such possession, control, and operation are no longer necessary to carry out the provisions, and to ac complish the purposes, of this order.
H arry S. T rtjman