Farm Credit Act of 1933, Hearing Before ..., 73-1 on H.R. 5790, May 26 and 27, 19331933 - 48 pages |
From inside the book
Results 1-5 of 8
Page 36
... chattel mortgages by Federal land banks . The third amendment removes the double liability on the stock of borrowers in national farm loan associations on engagements entered into after the date of the enactment of this act . The fourth ...
... chattel mortgages by Federal land banks . The third amendment removes the double liability on the stock of borrowers in national farm loan associations on engagements entered into after the date of the enactment of this act . The fourth ...
Page 37
... chattel mortgages is a dis- crimination in favor of junior creditors , but does not help farmers . I am speaking of the actual , practical operation . Where a farmer has a first - mortgage loan and has other unsecured debts , if the ...
... chattel mortgages is a dis- crimination in favor of junior creditors , but does not help farmers . I am speaking of the actual , practical operation . Where a farmer has a first - mortgage loan and has other unsecured debts , if the ...
Page 38
... chattel mortgages or remove the limitation against taking of chattel mortgages by the Federal land banks in order to secure the extension of a delinquent loan . Dr. MYERS . It does . Mr. GILCHRIST . I think these mortgages should be ...
... chattel mortgages or remove the limitation against taking of chattel mortgages by the Federal land banks in order to secure the extension of a delinquent loan . Dr. MYERS . It does . Mr. GILCHRIST . I think these mortgages should be ...
Page 39
... chattel mortgages so that unfair advantage would not be taken by the holder . Dr. MYERS . Iowa had to do that last year . The first mortgagees were forced into foreclosure because the chattel - mortgage holder could come in and take the ...
... chattel mortgages so that unfair advantage would not be taken by the holder . Dr. MYERS . Iowa had to do that last year . The first mortgagees were forced into foreclosure because the chattel - mortgage holder could come in and take the ...
Page 40
... chattel mortgages . Dr. MYERS . We would have to pass this amendment to permit them to make chattel mortgage loans under this bill . Mr. BOILEAU . They were permitted under the previous legislation . Now , then , the thought I had in ...
... chattel mortgages . Dr. MYERS . We would have to pass this amendment to permit them to make chattel mortgage loans under this bill . Mr. BOILEAU . They were permitted under the previous legislation . Now , then , the thought I had in ...
Common terms and phrases
agency Agricultural Credit Corporation Agricultural Marketing Act amended to read amended U.S.C. amount approval asso authorized Bank for Cooperatives BIERMANN bill board of directors BOILEAU borrowers capital and guaranty CENTRAL BANK SEC centum CHAIRMAN ciation class B stock clearing house associations collateral committee cooperative associations cost Credit Cor CUMMINGS debentures direct loans district dividends double liability DOXEY eligible Farm Credit Administration Farm Loan Act farm-loan associations Federal Farm Board Federal Farm Loan Federal land banks financing foreclose FULMER GILCHRIST GLOVER governor guaranty fund handled holder HOPE intermediate credit banks KLEBERG loan associations loans direct losses MORGENTHAU MYERS obligation operation organization Paragraph payment percent permit prescribed Production Credit Association Production Credit Corporation question Reconstruction Finance Corporation rediscount regional agricultural credit regional banks repeal revolving fund set-up situation stock held sugar tion title 12 UTTERBACK warehouse receipts
Popular passages
Page 3 - reconstruction finance corporation act." SBC. 2. The corporation shall have capital stock of $500,000.000, all subscribed by the United States of America, payment for which shall be subject to call in whole or in part by the board of directors of the corporation, with the approval of the Secretary of the Treasury, at such time or times as may be deemed advisable.
Page 9 - First, That no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein, or, Second, That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum.
Page 12 - State bank, trust company, agricultural credit corporation, incorporated live-stock loan company, savings institution, cooperative bank, cooperative credit or marketing association of agricultural producers, organized under the laws of any State...
Page 8 - Payment for the $825,000,000 balance of such capital stock shall be subject to call at any time in whole or in part by the Board of Directors of the Bank. For the purpose of making payments of such balance, the Secretary of the Treasury...
Page 11 - Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...
Page 10 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 10 - ... capital, reserves, surpluses, and other funds, and their income shall be exempt from all taxation now or hereafter imposed by the United States or by any State, Territorial, or local taxing authority; except that any real property and any tangible personal property of such Federal credit unions shall be! subject to Federal, State, Territorial., and local taxation to the same extent as other similar property is taxed.
Page 4 - ... formed and the territory within which Its operations are to be carried on, and which may contain any other provision, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. Said articles shall be signed...
Page 9 - Third. That the association shall not deal in the products of nonmembers to an amount greater in value than such as are handled by it for members.