Summary Introduction From Annual Report Of Librarian Of Congress For Fiscal Year Ending June 30 1961 PDF Download

Excerpt from Annual Report of the Librarian of Congress: For the Fiscal Year Ending June 30, 1958 An act of Congress, approved March 3, 1925, as amended, created the Library of Congress Trust Fund Board, a quasi-corporation with perpetual succession and all the usual powers of a trustee, including the power to invest, reinvest, or retain invest ments and, specifically, the authority to accept, receive, hold, and administer such gifts, bequests, or devises of property for the benefit of, or in connection with, the Library, its collections, or its services, as may be approved by the Board and by the Joint Committee on the Library. (u. S. C. 2: 154 - 163) A notable provision of the act (section 2, last paragraph) permits endowment funds, up to a total limit of to be treated as a perpetual loan to the United States Treasury, at an assured interest of four percent per annum. 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.