Congressional Serial Set, Issue 7092Reports, Documents, and Journals of the U.S. Senate and House of Representatives. |
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Page 10
... equal to five per subscription to stock of centum of the aggregate sum desired on mortgage loans ; and that a less than $ 1,000 . Ap- temporary organization of said association has been formed by the plication must state election of a ...
... equal to five per subscription to stock of centum of the aggregate sum desired on mortgage loans ; and that a less than $ 1,000 . Ap- temporary organization of said association has been formed by the plication must state election of a ...
Page 11
... equal membership and sub- to five per centum of the face of the desired loan , said subscription to ciation to extent of 5 be paid in cash upon the granting of the loan . If the application for per cent of desired loan . membership is ...
... equal membership and sub- to five per centum of the face of the desired loan , said subscription to ciation to extent of 5 be paid in cash upon the granting of the loan . If the application for per cent of desired loan . membership is ...
Page 21
... equal in amount to the bonds issued ; and that all Federal land banks are liable for the payment of each bond . APPLICATION OF AMORTIZATION AND INTEREST PAYMENTS . Registrar notified of collections made on pledged mortgages . SEC . 22 ...
... equal in amount to the bonds issued ; and that all Federal land banks are liable for the payment of each bond . APPLICATION OF AMORTIZATION AND INTEREST PAYMENTS . Registrar notified of collections made on pledged mortgages . SEC . 22 ...
Page 22
... equal to centum of its net earnings until said reserve account shall show a 20 per cent of capital credit balance equal to twenty per centum of the outstanding capital If reserveis impaired , stock of said land bank . Whenever said ...
... equal to centum of its net earnings until said reserve account shall show a 20 per cent of capital credit balance equal to twenty per centum of the outstanding capital If reserveis impaired , stock of said land bank . Whenever said ...
Page 23
... equal to twenty per centum of the out - stock . standing capital stock of said association . Whenever said reserve shall have been impaired , said credit balance before dividends are of twenty per centum shall be fully restored before ...
... equal to twenty per centum of the out - stock . standing capital stock of said association . Whenever said reserve shall have been impaired , said credit balance before dividends are of twenty per centum shall be fully restored before ...
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Common terms and phrases
amortization amount application appointed approval asso authorized Banking and Currency board of directors borrower capital stock CARTER GLASS cent centum per annum charge charter ciation collateral security coupon coupon bonds Currency Committee debts default deposits discretion dividends elected employees exceed exceeding expenses falsely farm loan association Farm Loan Board Farm Loan Commissioner farm loan registrar Federal Farm Loan Federal land bank forthwith funds gages indorsed interest invested issue of farm joint stock land KNUTE NELSON land bank appraisers land bank district laws loan bonds issued loan committee ment mort mortgages and bonds mortgages on farm national farm loan organization certificate paid payable payment person prescribed President principal purchase receive require rules and regulations salaries Secretary secretary-treasurer section twelve semiannually Senator Hollis shareholder shares stock land bank subscribe subscription surety bonds thereof tion Treasury twenty per centum United States bonds vote
Popular passages
Page 26 - Any person who 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...
Page 3 - An Act to provide capital for agricultural development, to create standard forms of investment based upon farm mortgage, to equalize rates of interest upon farm loans, to furnish a market for United States bonds, to create Government depositaries and financial agents for the United States, and for other purposes.
Page 8 - Associations for carrying on the business of banking under this title may be formed by any number of natural persons, not less in any case than five. They shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.
Page 6 - Fifth. To elect or appoint directors, and by its board of directors to appoint a president, vice-president, cashier, and other officers, define their duties, require bonds of them and fix the penalty thereof, dismiss such officers or any of them at pleasure, and appoint others to fill their places.
Page 23 - 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 be exempt from Federal, State, municipal, and local taxation.
Page 24 - ... the Comptroller of the Currency may forthwith appoint a receiver, and require of him such bond and security as he deems proper. Such receiver, under the direction of the Comptroller, shall take possession of the books...
Page 26 - Federal land bank, or a joint stock land bank, and other than a reasonable fee paid by such association or bank to any officer, director, attorney, or employee for services rendered, no officer, director, attorney, or employee of an association or bank organized under this Act shall be a beneficiary of or receive, directly or indirectly, any fee, commission, gift, or other consideration for or in connection with any transaction or business of such association or bank. No land bank or national...
Page 6 - The said organization certificate shall be acknowledged before a judge of some court of record or notary public ; and shall be, together with the acknowledgment thereof, authenticated by the seal of such court, or notary, transmitted to the Comptroller of the Currency, who shall file, record and carefully preserve the same in his office.
Page 26 - ... or shall pass, utter, or publish, or attempt to pass, utter, or publish as true, any falsely altered...
Page 27 - Corporation as to any other insured bank, 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 either House thereof, or any committee of Congress or either House duly authorized, shall be fined not more than $5,000 or imprisoned not more than one year, or both.