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7 U.S.C. § 176 — Sale of guayule shrub to Reconstruction Finance Corporation

submitted 81 years ago by ch. 215 to r/title-7-AGRICULTURE · 53 words · no verdicts yet

in plain englishAI-generated · not legal advice

Guayule shrub can be sold to the Reconstruction Finance Corporation. The price is based on how much money the Corporation gets from selling the rubber taken from the shrub, minus the cost of milling it and paying off the mills built for that purpose.

Guayule shrub may be sold to the Reconstruction Finance Corporation, at a price that reflects the net amount the Corporation realizes from selling the rubber recovered from the shrub, processed in mills the Corporation operates. From that amount, the cost of milling is deducted, along with the amortized cost of the mills the Corporation built for this purpose.
the actual law source: uscode.house.gov ↗public domain

Guayule shrub may be sold to the Reconstruction Finance Corporation at a price reflecting the net realization from the sale of the rubber recovered from such shrub in mills operated by said Corporation after deducting the cost of milling and amortization of the cost of mills constructed for the purpose by said Corporation.

Source credit: (June 30, 1945, ch. 215, § 1, 59 Stat. 310; July 5, 1945, ch. 271, title I, 59 Stat. 423.)

history & why it existsrecord from the source credit
  • 1945Enacted · Act of June 30, 1945, ch. 215 · 59 Stat. 310
  • 1945Amended · Act of July 5, 1945, ch. 271 · 59 Stat. 423

A history note hasn’t been published yet. The record shows enactment by ch. 215 on 1945-06-30.

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