established after one year.. expenses, connected with making loans, paid by Federal land banks to agents.. paid, become part of loan... paid off by amortization.. loans, made through agents for Federal land banks.. subject to same conditions as if made through national farm loan associations. must indorse and become liable on loans negotiated by them.. provisions for.. required to collect payments on loans without charge... Agricultural journals: expenses paid to agents of Federal land banks paid off by.. installments, payments sufficient to extinguish debt within limited period.... under term of mortgage may be collected by national farm loan associations. minimum amount of defaulted payments causing insolvency. mortgages must contain agreement for repayment of loan.... payments, may be required to be collected by agents of Federal land banks without charge.. 13 14 3 3 21, 22 3 16 3 3 3,28 4, 24 receivers.... 29 Appraisal: loans granted for smaller amounts than applied for without new appraisal. reappraisal permitted by Federal land bank for additional loan.. 12 10 value of lands, as basis for amount of loan... for agricultural purposes, basis of appraisal.. 222 14 see also Land bank appraisers. Appraisers. See Land bank appraisers. 31 Assignment: land banks must assign to farm loan registrar collateral security held by him for bonds issued:.. right of redemption and substitution being reserved.. Attorney General of United States: examination of State laws, to aid Farm Loan Commissioner............. Federal land banks, employment.... shall receive only usual fees, penalty for violation... joint stock land banks, shall receive only usual fees, penalty for violation.. national farm loan associations, shall receive only usual fees, penalty for violation... special counsel may be employed for examination of State laws. B. Banking and Currency Committee, House: Federal farm loan bill (H. R. 6838) referred to.. Federal farm loan bill (H. R. 15004) reported with amendments.. Federal farm loan bill (S. 2986) as amended presented in House and referred to. reported with amendments... Banking and Currency Committee, Senate: personnel... Federal farm loan bill (S. 2986) referred to.. reported with amendments... personnel.. Banking institutions: agencies of Federal land banks limited to banking corporations chartered by State. land bank examiners shall not perform service for compensation for any other... members of Federal Farm Loan Board prohibited from association with... Bonds: farm loan bonds may be exchanged into registered bonds and reexchanged into coupon bonds... State, county, district, and municipal, farm loan bonds bought and sold under same restrictions... forms, terms, and penal sums of surety bonds prescribed by Farm Loan Board... receivers... secretary treasurer of farm loan associations... Bonds, United States: amortization payments may be used to purchase.... deposited as approved by Farm Loan Board.. shall retain in his custody bonds pledged as collateral security for issue of 19 may buy and sell... Federal land banks, 5 per cent of capital must be invested in. land banks, may tender as collateral security for farm loan bond issue. 5 13 must assign to farm loan registrar bonds held by him as collateral security.. returned to land banks upon rejection of farm loan bond issue.. substitution allowed for other collateral..... 22 27 4 4 29 7 22 19 24 5 9 22 8 19 farm loan registrar, may temporarily accept as security on withdrawal of mortgages.. Federal land banks, amount of subscription giving permanent organization.. amount to be stated in organization certificate... can not be reduced to less than 5 per cent of outstanding bonds. - 12 ་ ་ ལ་ 222 14 14 14 vote restricted to stock held by United States and farm loan associations.. Federal Farm Loan Board, preparation and distribution.... farm loan registrars exempted from provisions of law.... Federal Farm Loan Board employees exempted from provisions of law. land bank examiners exempted from provisions of law. Clerks: 29 20 29 directors, attorneys, and employees of land banks or associations shall not receive, Federal land banks can not receive commission or charge unless specifically authorized.... 14 16 joint stock land banks can only demand commission or charge specifically author- land banks or associations may not receive unauthorized commissions, penalty for national farm loan associations, based on unpaid principal of loans. 9 11, 12 Counterfeiting: penalty for forging or counterfeiting bonds of land banks or associations. 60237° S. Doc. 500, 64–1————5 31 26 Courts: accounts of farm loan associations, receiver may settle under order of court of borrowers' names may be ordered disclosed by court of competent jurisdiction. prohibited from association with other banking interests.. selection and appointment of district directors... 6 shall receive only usual salary and fees, penalty for violation vacancies provided for... joint stock land banks, number required.. shall receive only usual salary and fees, penalty for violation. 31 26, 27 national farm foan associations, assessments on members levied. 9 national farm loan associations, commissions charged, deducted by Federal land paid on land bank stock held as security. stock in Federal land banks held by United States Government not to receive.. shall receive only usual salary and fees, penalty for violation.. national farm loan associations, shall receive only usual salary and fees, penalty for violation... must require appraisals... land bank appraisers to investigate and report on land offered for security. loans, may be used for buildings and improvement of.. may be used for purchase of land...... may be used to liquidate indebtedness of owner. mortgages on, invested in by Federal land banks.. ... penalty for overvaluation by loan committee or appraiser. purchasers may assume mortgages and stock interests of vendor.. value of, basis for amount of loans... for agricultural purposes, basis of appraisal. Farm loan associations. See National farm loan associations. Farm loan bonds: amortization payments, may be used for payment of... assignment to farm loan registrar as collateral security for bond issue. capital stock of Federal land banks can not be reduced below five per cent of. may be used for purchase of..... applications for issue, provisions for......... borrower may elect to receive proceeds of loan in.... capital stock of joint stock land banks must be paid before issuance of.. certificate in face to state authority for issue, nontaxability, etc.. circulars to be issued stating advantages.. decisions of Farm Loan Board as to issue.. defaulted loans may be paid by.. definition of term... paid by Secretary of the Treasury.. 31 27 31 27 7 10 shall deliver to banks applying. farm loan registrar, can receive only qualified first mortgages to secure issue.. shall promptly execute and deliver upon notice of approval of issue.. Federal Farm Loan Board, can grant or refuse authority to issue.. may authorize payment at any bank.. shall direct distinguishing marks of joint stock land bank bonds. 3 20 20 shall prescribe rules for payment and retirement.. 20. 20 Federal reserve banks may buy and sell.... shall reimburse Secretary of the Treasury for expense of preparing. Federal land banks, may hypothecate mortgages as security for.. may issue, buy, sell, and retire.... Federal reserve member banks may buy and sell. form, prescribed by Farm Loan Board.............. provisions for... to be prepared by Secretary of the Treasury. 20 20 |