Book Description

Excerpt from Establishment of a War Finance Corporation: Hearings Before the Committee on Finance, United States Senate, Sixty-Fifth Congress, Second Session on S. 3714, a Bill to Provide Further for the National Security and Defense Sec. 3. That the management of the corporation Shall be vested in a board of directors consisting of the Secretary of the Treasury. Who Shall be chairman of the board, and four other persons, to be appointed by the Secretary of the Treasury, with the approval of the President of the United States. Any director or directors so appointed may be removed by the Secretary of the Treasury, with the approval of the President. And vacancies, however arising, may be filled by the Secretary of the Treasury, with the approval of the Presi dent. Whenever a vacancy shall occur among the directors so appointed. The person appointed director to fill any such vacancy shall hold office for the unex pi red term of the member whose place he is selected to fill. Three members of the board of directors shall constitute a quorum for the transaction of business. Sec. 4. That the principal Office of the corporation shall be located in the District of Columbia, but there may be established agencies or branch offices in any city or cities of the United States under rules and regulations prescribed by the boa rd of directors. With the approval of the Secretary of the Treasury. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.