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Ylausin~ Aatendmente of 1953 _ X952 0C7 29 Pr`I 2: I !
Public Law 9~ - 83d Congresp ROGER POl?RAS, CIERK
Approved June 3~, 19b8 ~Y, IUCIE COUN Y. FlOR16A
~87 3tat. 158 ~ - ~
~~;. ~:. (a) The Home Uwnet•s' Loan Co ration created pursuant
tf04A, d~~- rpo
wlt*~tae• te- section 4 of the Home (?wneru' Losr. Art of 1838, ns amended
ae bias. 129. (referred to in this section as~thccn tde~i~edtdissolved land abolished,
12 rasa :-:37. and shalt for all p~.rpoees
eacept as oiherwise provtdec: in this section, o:u hundred and eighty
da; a after the date the Haase Loan Ban1A Board publishes sn the
}' eclenl Register a notice to that effect, which shall also con+,sin
irtormatian sa to the time for, and manner of Sling el~ims against
the Cor~ontion. The period of time preecs~ibe~ for -.he flung o! such
claims shall be tlee ninety days immediately following the date cf
publication of the notix, ar:d all creditors and olasmar.'.s who have
not prbaelsted !heir claiass o* demands within that; brio;: at,'s11 be
forever barred from greserding or pre~ecuting the earns, and any
_ .,..............._.._ .._ . - -- - h_a nog t`ststutaa aunt within sirty days
__ creditor or clai:•n~nt who
' from the date his cleim or demand is rejected by flu Corporation shall
ba forever tssrrod.
(b) VYsth resp~rt to auy action, suit, or oth.=r le~I nrooesdiaQ
. commenced a~ainat the [`,or~x+ratson prior to tlse date of its dissolution,
the Corporation shalt continue a body corpocata for the purposb o
defending each suit and fo± no other purpose, and service of aubpsr~a
or other proosse in such proceeding ~ y be made upon the Coxpo~~~ _
b servinngg the same on the Secratar to the Home Loan Bank
y(c) ESective ae of tl,e dete of the dissolution at the Corporation,
r 1) the title to any and all real progeny remaining M the Corpera'_-ton
_ on ouch date ie traneterni tc the United '~Lates of Amsrica, (g)
authority is given to the Home Loan Bank Board to salt sad c°L7sy
such property us th; rsan-e of the United States of A>:ierict- fcr such
cash consrdsrxtion as such Board shall deem rea,sonabley =nd ~8) all
powers of .he Ccrgcratior. with respect to the ezecation of any snatru-
ments or documents affecting title t a atelt~f Bred ~ suchYioard.
authoriain~ satisfactions of judgns•_=.'
or an
Any such instruments or documents ezecuted Ly the r~sry
Assistant ~crera*y to such Board on behay of cl:a g,s~ o a nor to
etlectiva as if the same had bean ezecuted b the Colo p
its dissoitition. Subject to the approval 09 rho Director of the ~3urea4
of the Budget such Boerd may transfer to an; other depart*.uent or
--__----- -_------ agency-ot fTic ~riit~3 Mates, R sth the consent of such dspartnient o:
e~~eeracy; all t-:e tK'weta and functions vEStetl in such Board by this
subsection (c). All liens held by the Corporation wore real cr ~rsonai
rrogerty on accvuui of juug.=~~• is r.:::i~r°-'? '-^- its {scar, PaceAt iud~t-
messta for mortgage de~.=te Rhich ha~~e been asei~ied by the C`nrgoca-
tion, anc~ ell claims now held by the Co*poration arisingg out of its
` mortgxAe or real putata ugerationa vahether for rent or ather,r:se, are
hereby released anu dischargs<i in ~ull.
(d) The authority t~~ app='onrtate for any futiscti:,na eelat.ing to the
Corporation tn~yy c~ititsue to-be fxercis'rd after_ i`R dissai:rtion for the
~ purpvAe of making appropriations to any denartntent or agency"" ~-"
carrying out the pmvssions of tors ea'ction.
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