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" Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall... "
Creation of a System of Federal Home Loan Banks: Hearings Before a ... - Page 7
by United States. Congress. Senate. Committee on Banking and Currency - 1932 - 703 pages
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United States Reports: Cases Adjudged in the Supreme Court, Volume 308

United States. Supreme Court - Courts - 1940 - 894 pages
...provides that first mortgages executed to Federal Land Banks shall be deemed "instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." 39 Stat. 360, 380. We held that the state tax, as distinguished from a reasonable fee to meet the expenses...
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Cases Decided in the Court of Claims of the United States, Volume 107

United States. Court of Claims - Law reports, digests, etc - 1947 - 806 pages
...bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." This Bank is organized under Section sixteen of the Federal Farm Loan Act, operates under the provisions...
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The Central Law Journal, Volume 83

Law - 1916 - 502 pages
...and reserve or surplus therein and the income derived be deemed and held to be instrumentalitie." of the Government of the United States, and as such they...from federal, state, municipal, and local taxation. ''Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation...
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Reports ... Proceedings, Volume 37

Ohio State Bar Association - Bar associations - 1916 - 294 pages
...loan bonds issued under the provision of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation. "Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation...
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Congressional Serial Set

United States - 1915 - 990 pages
...eligible as security for the issue of farm loan bonds shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...derived therefrom shall be exempt from Federal, State, and local taxation. Farm loan bonds issued under the provisions of this act and the income derived...
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Land Credits: A Plea for the American Farmer

Dick Thompson Morgan - Agricultural credit - 1915 - 328 pages
...eligible as security for the issue of farm loan bonds shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...derived therefrom shall be exempt from Federal, State, and local taxation." " Farm loan bonds issued under the provisions of this Act and the income derived...
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The Federal Farm Loan Act

United States - Agricultural credit - 1916 - 32 pages
...bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation. Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation...
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Congressional Serial Set, Issue 7092

United States - Agricultural credit - 1916 - 60 pages
...provisions of this Act, shall be deemed and held to be instrumentalities of the Government come therefrom. of the United States, and as such they and the income...from Federal, State, municipal, and local taxation. Nothing herein shall prevent the shares in any joint stock land shareholders in joint bank from being...
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Congressional Serial Set

United States - 1916 - 1420 pages
...loan bonds issued under the provision of this act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...shall be exempt from Federal, State, municipal, and lijcal taxation: Nothing herein shall prevent the shares in any joint stock land bank from being included...
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United States Congressional Serial Set, Issue 6904

United States - 1916 - 1304 pages
...Joint-stock land banks, under the provisions of this act, shall be deemed and held to be Instrumentalities of the Government of the United States, and as such they...derived therefrom shall be exempt from Federal, State, and local taxation. Farm loan bonds Issued under the provisions of this act and the Income derived...
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