An Act to repeal the prohibition against the declaration of stock dividends by public utilities operating in the District of Columbia.
PL 84-223 (S.2177), enacted 08/04/1955

69 
S T A T . ] 
PUBLIC LAW 223~AUG. 4, 1955 
485 
AMEXDMENT TO PUBLIC LAW NUMBERED 8 74, EIGHTY-FIRST CONGRESS 
SEC. 202. Section 8 (d) of the Act of September 30, 1950 (Public 
Law Numbered 874, Eighty-first Congress), as amended, is further 
amended by adding, after the words "Indian Affairs", the following: 
", or the availability of appropriations for the making of payments 
directed to be made by section 91 of the Atomic Energy Community 
Act of 1955, as amended." 
Approved August 4, 1955. 
67 Stat. 536. 
20 use 243 (d). 
Public Law 222 
CHAPTER 544 
AN ACT 
To exempt meetings of associations of professional hairdressers or cosmetologists 
from certain provisions of the Acts of June 7, 1938 (52 Stat. 611), and July 1, 
1902 (32 Stat. 622), as amended. 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled^ That the provisions 
of the Act of June 7, 1938 (52 Stat. 611; title 2, ch. 13, D. C. Code, 
1951 edition), and of paragraph 10 of section 7 of the Act approved 
July 1,1902 (32 Stat. 622), as amended (sec. 47-2310, D. C. Code, 1951 
edition), shall not be applicable to activities conducted in connection 
with anj bona fide regularly scheduled national annual convention of 
any national association of professional hairdressers or cosmetologists, 
from which the general public is excluded. 
Approved August 4, 1955. 
August 4, 1955 
igust 4, 1 
{S. 6673 
D. C cosmetolo-
gists. 
Public Law 223 
CHAPTER 545 
AN ACT 
To repeal the prohibition against the declaration of stock dividends by public 
utilities operating in the District of Columbia. 
August 4, 1955 
[S.2177] 
Be it enacted hy the Senate and House of Representatives 
of the 
United States of America in Congress assembled, That paragraph 75 
of section 8 of the Act entitled "An Act making appropriations to 
provide for the expenses of the government of the District of Columbia 
for the fiscal year ending June thirtieth, nineteen hundred and four-
teen, and for other purposes", approved March 4, 1913 (D. C. Code, 
sec. 43-804), which provides that no public utility shall declare any 
stock, bond, or scrip dividend or divide the proceeds of the sale of 
any stock, bond, or scrip among its stockholders, is hereby repealed. 
SEC. 2. Paragraph 73 of section 8 of the Act entitled "An Act making 
appropriations to provide for the expenses of the government of the 
District of Columbia for the fiscal year ending June thirtieth, nineteen 
hundred and fourteen, and for other purposes" approved March 4, 
1913 (sec. 43-802, D. C. Code; 37 Stat. 990), be amended to read as 
follows: "That no public utility shall hereafter issue any stocks, 
stock certificates, bonds, mortgages, or any other evidences of indebted-
ness payable in more than one year from date, or pay any stock, 
bond or scrip dividend, until it shall have first obtained the certificate 
of the commission showing authority for such issue from the 
commission." 
Approved August 4, 1955. 
D. C , stock divl-
dends.