Chap. 301.                      171
dred and twenty-nine, — and by striking out the words "seven thousand six hundred and thirty-two", as so inserted, and inserting in place thereof the words: — seven thousand nine hundred and sixty.
.Section 42. The third sentence of section 3 of said chapter 635 is hereby amended by striking out the words "twenty thousand five hundred and sixty-four", inserted by section 44 of said chapter 116,, and inserting in place thereof the words: — twenty-one thousand four hundred and forty-eight.
Section 43. Sections one and two of this act shall take effect as of December twenty-sixth, nineteen hundred and seventy-one; provided however that the cost-of-living adjustments provided for in said sections shall be due and payable on September first, nineteen hundred and seventy-two retroactively for the period commencing on December twenty-sixth, nineteen hundred and seventy-one, and ending on June twenty-fourth, nineteen hundred and seventy-two.
Section 44. Sections three to forty-two, inclusive, shall take effect on January first, nineteen hundred and seventy-two; provided however that the cost-of-living adjustments provided for in said sections shall be due and payable on September first, nineteen hundred and seventy-two retroactively for the period commencing on January first, nineteen hundred and seventy-two, and ending on June thirtieth, nineteen hundred and seventy-two.
(This Bill, returned by the governor, to the House of Representatives, the branch in which it originated, with his objections thereto, was passed by the House of Representatives, May 23, 1972, and, in concurrence, by the Senate, May 23,1972, the objections of the governor notwithstanding, in the manner prescribed by the constitution; and thereby has "the force of a law".)
Chap* 301.   An Act authorizing the commissioner of banks to
APPOINT THE FEDERAL DEPOSIT INSURANCE CORPORATION AS LIQUIDATING AGENT OF BANKS INSURED BY SAID CORPORATION.
Whereas, The deferred operation of this act would tend to defeat its purpose, which is, in part, to expedite the liquidation of the Surety Bank and Trust Company, a state-chartered institution taken into possession by the commissioner of banks on May twenty-second, nineteen hundred and seventy-two, for the purpose of liquidation, and in connection therewith said commissioner is desirous of appointing the Federal Deposit Insurance Corporation as liquidating agent, therefore it is hereby declared to be en emergency law, necessary for the immediate preservation of the public convenience.
Be it enacted, etc., as follows:
Section 26 of chapter 167 of the General Laws, as appearing in the Tercentenary Edition, is hereby amended by adding the following two paragraphs: —
The commissioner may, under his hand and official seal, appoint the Federal Deposit Insurance Corporation as the liquidating agent of a bank insured by the Federal Deposit Insurance Corporation. Upon its acceptance of the appointment, the Federal Deposit Insurance Corpora-
172                     Acts, 1972.—