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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 5
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 - Law reports, digests, etc - 1940
...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 United States Court of Claims, Volume 107

United States. Court of Claims - Law reports, digests, etc - 1947
...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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Proceedings of the ... Annual Session of the Association ..., Volume 37

Ohio State Bar Association - Bar associations - 1916
...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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United States Congressional Serial Set

United States - 1915
...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 - 299 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, Approved July 17, 1916 ...: With Marginal Notes ...

United States - Agricultural credit - 1916 - 50 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
...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

United States - 1916
...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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Metric System in Export Trade: Report to the International High Commission ...

United States. National Bureau of Standards, Samuel Wesley Stratton - Metric system - 1916 - 80 pages
...stock land hanks, 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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The Federal Farm Loan System, New Method of Farm Mortgage Finance, Under ...

Herbert Myrick - Agricultural credit - 1916 - 239 pages
...bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt...from Federal, State, municipal, and local taxation, except taxes upon real estate held, purchased, or taken by said bank or association under the provisions...
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