Interstate Land Before a Subcommittee of ..., 89-2 on S.2672, June 21, 22, August 18, 19661966 - 515 pages |
From inside the book
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Page 2
... interest . We are con- cerned not only with retirement havens , but also with other kinds of promotion . Installment buyers , for example , are now purchasing vacation lots , undeveloped " investment acreage , " homesites in developing ...
... interest . We are con- cerned not only with retirement havens , but also with other kinds of promotion . Installment buyers , for example , are now purchasing vacation lots , undeveloped " investment acreage , " homesites in developing ...
Page 3
... interest . Moreover , the buyer may find that when he has made all of his payments he will have difficulty in obtaining a deed from his seller who may then be dead , or in bankruptcy , or out of state . If the buyer goes into default on ...
... interest . Moreover , the buyer may find that when he has made all of his payments he will have difficulty in obtaining a deed from his seller who may then be dead , or in bankruptcy , or out of state . If the buyer goes into default on ...
Page 19
... interest in the needs and problems of the residents of their communities . Many or all of these things are being done today by the leading developers . As the population increases , and the people of retirement age become more numerous ...
... interest in the needs and problems of the residents of their communities . Many or all of these things are being done today by the leading developers . As the population increases , and the people of retirement age become more numerous ...
Page 40
... interest you have expressed in our truly exceptional Dade County , Florida , acreage offering stamps you as a person who recognizes an exciting investment opportunity *** and who will ACT to take advantage of it to your benefit ...
... interest you have expressed in our truly exceptional Dade County , Florida , acreage offering stamps you as a person who recognizes an exciting investment opportunity *** and who will ACT to take advantage of it to your benefit ...
Page 44
... interest to the Subcommittee . 1. You mention in your testimony that one firm - which paid $ 400 an acre and is now getting $ 1,000 has a ready market in Puerto Rico . Is this land being sold to residents of Puerto Rico or to tourists ...
... interest to the Subcommittee . 1. You mention in your testimony that one firm - which paid $ 400 an acre and is now getting $ 1,000 has a ready market in Puerto Rico . Is this land being sold to residents of Puerto Rico or to tourists ...
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Common terms and phrases
acreage activity advertising agency amendment attorney BERTOCH Better Business Bureau bill Brazil brochure buyer California Chairman COHEN Collier County committee County court Dade County deed DICKSON easement effective EMLEN exempt fact Federal Government filing Florida Installment Land FOGARTY fraud statute FREAR full disclosure Golden Palm Acres Harney County hearing HOFFMAN industry Installment Land Sales interest interstate commerce interstate land sales investment investors JEFFREYS Jersey jurisdiction KOSSACK Lake Havasu City Land Sales Board lots mail fraud McCulloch McCulloch Properties ment Miami Miami Herald miles MOYLE offering operations Oregon out-of-state parcels person Pilnick present problem promoters proposed prospective purchaser prospectus protection question Real Estate Commission Realtors record registration statement regulation Securities and Exchange SELIG selling Senator MONDALE Senator THURMOND Senator WILLIAMS sold subcommittee subdivided lands subdivision testimony tion U.S. Senate WENIG
Popular passages
Page 417 - It shall be unlawful for any person to make any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading, or to engage in any fraudulent, deceptive, or manipulative acts or practices, in connection with any tender offer...
Page 244 - ... every accountant, engineer, or appraiser, or any person whose profession gives authority to a statement made by him, who has with his consent been named as having prepared or certified any part of the registration statement...
Page 152 - If, before the date set for hearing, application is made to the court for leave to present additional evidence on the issues in the case, and it is shown to the satisfaction of the court that the additional evidence is material and that there were good reasons for failure to present it in the proceeding before the agency...
Page 150 - The Commission may, in its discretion, make such investigations as it deems necessary to determine whether any person has violated or is about to violate...
Page 436 - Every permit shall recite in bold type that the issuance thereof is permissive only and does not constitute a recommendation or endorsement of the securities permitted to be issued.
Page 150 - Rule 30 (b) or (d) , the deponent may be examined regarding any matter, not privileged, which is relevant to the subject matter involved in the pending action, whether it relates to the claim or defense of the examining party or to the claim or defense of any other party, including the existence, description, nature, custody, condition and location of any books, documents, or other tangible things and the identity and location of persons having knowledge of relevant facts. It is not ground for objection...
Page 252 - ... had, after reasonable investigation, reasonable ground to believe and did believe, at the time such part of the registration statement became effective, that the statements therein were true and that there was no omission to state a material fact required to be stated therein or necessary to make the statements therein not misleading...
Page 152 - ... did not know, and in the exercise of reasonable care could not have known, of such untruth or omission...
Page 150 - ... (b) For the purpose of any such investigation^ or any other proceeding under this title, any member of the Commission or any officer designated by it is empowered to administer oaths and affirmations, subpena witnesses, compel their attendance, take evidence, and require the production of any books, papers, correspondence, memoranda, or other records which the Commission deems relevant or material to the inquiry.
Page 150 - ... and may require or permit any person to file with it a statement in writing, under oath or otherwise as the Commission shall determine, as to all the facts and circumstances concerning the matter to be investigated.