Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1920-01-27

appropriated: Provided. That all
sums 50 transferred shall be reim-
bursed to the Treasury from the re-
Clamation fund as hereinafter pro-
vided
See. 2. That for the purpose of
reimbursing the Treasury for such
advances to the reclamation fund,
the Secretary Of the Treasury i au-
thorized to issue bonds of the United
States in such form and in such de-
nominations, redeemable and payable
at such time as he may prescribe, not
exceeding fifty years, and bearing in
terest at rate not exceeding -
per centum per annum, payable semi
annually, !, to be redeemable AT the OPP
tion Of the United States, the princi-
pal and interest to be payable in gold
coin Of the United States. The bonds
herein authorized may be disposed of
by the Secretary of the Treasury at
not less than par, under such rules
and regulations as he may prescribe.
giving all citizens Of the United
States an equal opportunity TO sub
scribe therefor. but no commission
shall be allowed, and the aggregate
issue Of such bonds shall not exceed
the amount Of all advances made to
said reclamation fund, and In no
event shall the same exceed the sum
IF $250.000. 1000. The bonds herein
authorized shall be exempt from tax
Cs or duties Of the United States as
well as from taxation in any form by
or under state, municipal, or local
authority, and a sum not exceeding
one-tenth Of | per centum of the
amount of the bonds issued under
this Act is hereby appropriated. out
Of any money in the Treasury not
otherwise appropriated to pay the
expenses Of preparing, advertising
and issuing the same.
Sec. 3. That the receipts from
projects heretofore or hereafter con
structed under said Reclamation Act,
and any other receipts coming into
said fund. shall be available for the
payment Of principal and interest
upon the bonds herein. authorized to
be issued
See a. That moneys paid into the
reclamation fund under this act shall
be expended under the terms and
provisions of the Act Of June IT,,
1902. known as the National Recla-
nation Act and Acts amcndatory
thereof and supplementary thereto
See. ;. That in addition to the
work authorized to be constructed by
the Secretary of the Interior under
\ the Reclamation Act and Acts supple
mentary thereto and amendatory
hereof. including this Act. he may, in
/ his discretion. authorize the prepara-
tion for cultivation Of the lands re
claimed. the cost Of such work to be
charged and apportioned against the
lands 80 improved.
Sec g. That hereafter. upon the
opening Of any lands to entry or sale
under the Reclamation Act or Acts
supplementary thereto or amendatory
thereof. such opening. restoration, or
sale shall provide for n period of not
less than sixty days before the ger
eral opening Of such lands to dis
posal in which service men and wom-
en- and the widows Of service men
who have served in the Army, Navy,
or Marine Corps Of the United States
in the war with Germany, and who
have been honorably discharged
therefrom, shall have a preferred
right of entry or purchase. if duly
lqualified hereunder, except as
against prior existing valid settle
ment rights.
Sec. z. That the Secretary Of tho
Interior is hereby authorized 10 is
sue rules and regulations and do al
necessary acts and things to enable
him t. accomplish the purposes and
objects of this act.