The Federal Farm Loan System, New Method of Farm Mortgage Finance, Under National Supervision: A Practical Manual Upon Organizing and Conducting National Farm Loan Associations, Also Joint Stock Land Banks. Showing how Farmers, Investors, Bankers and the Public May Obtain the Fullest Benefit of the System |
From inside the book
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Page 38
... collateral by the federal land bank . The extra $ 50 on your shares meas- ures the utmost limit of your liability , except the balance owned by yourself upon your own note and mortgage . Protecting the Investor . On the other hand ...
... collateral by the federal land bank . The extra $ 50 on your shares meas- ures the utmost limit of your liability , except the balance owned by yourself upon your own note and mortgage . Protecting the Investor . On the other hand ...
Page 79
... collateral and shall bear a rate of interest not to exceed the current rate charged for other government deposits . The law provides that all amounts thus deposited from the federal treasury shall not exceed an aggregate of $ 6,000,000 ...
... collateral and shall bear a rate of interest not to exceed the current rate charged for other government deposits . The law provides that all amounts thus deposited from the federal treasury shall not exceed an aggregate of $ 6,000,000 ...
Page 92
... collateral security for the bond issue , must be deposited with the registrar , who is to hold the same as trustee for the bondholders . There is one registrar in each federal land bank district . He is appointed by the federal farm ...
... collateral security for the bond issue , must be deposited with the registrar , who is to hold the same as trustee for the bondholders . There is one registrar in each federal land bank district . He is appointed by the federal farm ...
Page 93
... collateral security in place of the sums paid on principal of the indorsed mortgages held by him in trust . " The registrar is indeed the trustee for the bondholders , and may be trusted accordingly . Issue of Farm Loan Bonds . Only ...
... collateral security in place of the sums paid on principal of the indorsed mortgages held by him in trust . " The registrar is indeed the trustee for the bondholders , and may be trusted accordingly . Issue of Farm Loan Bonds . Only ...
Page 97
... collateral which secures the $ 100,000 of bonds . As each farmer pays in his installment upon principal every six months , it will be set aside as a reserve fund to meet the bonds at maturity , or bonds will be bought in and retired in ...
... collateral which secures the $ 100,000 of bonds . As each farmer pays in his installment upon principal every six months , it will be set aside as a reserve fund to meet the bonds at maturity , or bonds will be bought in and retired in ...
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Common terms and phrases
accrue agent amount application appointed approval authorized board of directors capital stock cash centum per annum charge charter ciation co-operative collateral security coupon debt default deposits dividends earnings exceed exceeding expenses and profits farm loan act farm loan association Farm Loan Board Farm Loan Commissioner farm loan registrar farm loan system farm mortgage Federal Farm Loan federal land bank federal reserve Federal Reserve Act five per cent funds gages government bonds held holder indorsed insured investment investors issue of farm joint stock land land bank district land mortgage lender loan asso loan bonds issued loan committee ment mort mortgage loans national farm loan organized paid payment person principal rate of interest real estate receive Secretary section twelve sell semi-annual dues shareholders shares six months stock land bank supervision surety bond taxation thereof thrift tion Treasury unpaid vote
Popular passages
Page 193 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 227 - That if any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 224 - That if any person shall falsely make, forge, or counterfeit, or cause or procure to be falsely made, forged or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting any note, in imitation of, or purporting to be...
Page 225 - ... draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report, or statement of the association, with intent, in either case, to injure or defraud...
Page 180 - To exercise by its board of directors, or duly authorized officers or agents, subject to law, all such incidental powers as shall be necessary to carry on the business of banking; by discounting and negotiating promissory notes, drafts, bills of exchange, and other evidences of debt; by receiving deposits; by buying and selling exchange, coin and bullion; by loaning money on personal security...
Page 225 - Currency, or from the board of directors of such bank, except when ordered to do so by a court of competent jurisdiction, or by direction of the Congress of the United States, or of either House thereof, or any committee of Congress or of either House duly authorized. Any person violating any provision of this section shall be punished by a fine of not exceeding $5,000 or by imprisonment not exceeding one year, or both.
Page 224 - Other than the usual salary or director's fee paid to any officer, director, or employee of a member bank and other than a reasonable fee paid by said bank to such officer, director, or employee for services rendered to such bank, no officer, director, employee, or attorney of a member bank shall be a beneficiary of or receive, directly or indirectly, any fee, commission, gift, or other consideration...
Page 179 - State in which said bank is to be located, the amount of capital stock and the number of shares into which the same is divided, the name and place of doing business of each bank executing such certificate, and of all banks which have subscribed to the capital stock of...
Page 186 - Treasury shall require the associations thus designated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government...
Page 179 - The names and places of residence of the shareholders, and the number of shares held by each of them. Fifth. The fact that the certificate is made to enable such persons to avail themselves of the advantages of this title.