Home Loan Bank Bill: Hearings... on H.R. 122801932 - 45 pages |
From inside the book
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Page 21
... differences of opinion and preparing the bill . I think I can assure you that , at any rate , so far as my knowledge goes , there never has been a bill presented to Congress which has received more thorough study , in point of detail ...
... differences of opinion and preparing the bill . I think I can assure you that , at any rate , so far as my knowledge goes , there never has been a bill presented to Congress which has received more thorough study , in point of detail ...
Page 24
... difference of opinion among the lawyers as to how many States will have in addition to change their laws in this instance . There seems to be agreement — or , at least , it looks as if we are going to pass some legislation to lend money ...
... difference of opinion among the lawyers as to how many States will have in addition to change their laws in this instance . There seems to be agreement — or , at least , it looks as if we are going to pass some legislation to lend money ...
Page 25
... differences of opinion in point of details . So I think you had better expect that when the bill is read section by section a good deal of time will be taken . But to expound the general principles of the bill would not require an ...
... differences of opinion in point of details . So I think you had better expect that when the bill is read section by section a good deal of time will be taken . But to expound the general principles of the bill would not require an ...
Page 41
... difference of opinion among lawyers and there is a difference in the laws of the different States on that sub- ject . The laws of many of the States do not permit them to fail . They can not fail . You can not throw them into the hands ...
... difference of opinion among lawyers and there is a difference in the laws of the different States on that sub- ject . The laws of many of the States do not permit them to fail . They can not fail . You can not throw them into the hands ...
Page 43
... difference in the mechanics ' lien laws , the difference in the foreclosure and redemption laws , in the homestead rights , and the difference in the manner in which the building and loan associations are controlled - with all of these ...
... difference in the mechanics ' lien laws , the difference in the foreclosure and redemption laws , in the homestead rights , and the difference in the manner in which the building and loan associations are controlled - with all of these ...
Common terms and phrases
amount approval authorized BANKHEAD Banking and Currency become a member bill provides board of directors Bodfish bonds and debentures building and loan capital stock cent centum condition deposits district dividends eligible to become enacted exceed exempt farmers favor Federal home loan Federal home-loan bank Federal land bank Federal reserve system funds GARRETT going Government hearings home building home loan bank home mortgage loans home owners House insurance companies invested investors issued laws legislation loan associations loan bank bill LUCE MCMILLAN measure member or nonmember ment nonmember borrower O'CONNOR obligations organization organization certificate paid payment President process of liquidation proponents PURNELL purposes question RANSLEY real estate reason Reconstruction Finance Corporation REILLY relieve require SABATH Secretary Senator WATSON statement subscribe for stock subscriptions tax-exempt securities taxes thereof tion to-day Treasury United WILLIAMS
Popular passages
Page 8 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 8 - All notes, bonds, debentures, or other such obligations issued by the Corporation shall be exempt, both as to principal and interest, from all taxation...
Page 10 - Whoever makes any statement knowing it to be false or whoever willfully overvalues any security for the purpose of obtaining for himself or for any applicant any loan or extension thereof by renewal, deferment of action, or otherwise, or the acceptance, release or substitution of security therefor, or for the purpose of influencing in any way...
Page 9 - States and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 9 - Any member appointed to fill a vacancy in the board occurring prior to the expiration of the term for which his predecessor was appointed shall be appointed for the remainder of such term.
Page 10 - Issued or purporting to have been issued by the corporation, or (4) passes, utters or publishes, or attempts to pass, utter or publish, as true any falsely altered or spurious...
Page 10 - 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 - Said examiners shall be subject to the same requirements, responsibilities and penalties as are applicable to National bank examiners under the National Bank Act, the Federal Reserve Act and other provisions of law.
Page 11 - The engraved plates, dies, bed pieces, and other material executed in connection therewith shall remain in the custody of the Secretary of the Treasury. The...
Page 10 - ... (c) Whoever, being connected in any capacity with the corporation, (1) embezzles, abstracts, purloins, or willfully misapplies any moneys, funds, securities, or other things of value, whether belonging to...