Activities and Organization of Lending Agencies of the Government, Volume 3

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U.S. Government Printing Office, 1949 - Credit - 108 pages

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Page 79 - In the appointment of officials and the selection of employees for said Corporation, and in the promotion of any such employees or officials, no political test or qualification shall be permitted or given consideration, but. all such appointments and promotions shall be given and made on the basis of merit and efficiency.
Page 78 - ... to sue and be sued, to complain and to defend, in any court of competent jurisdiction, State or Federal...
Page 78 - Whenever a vacancy shall occur among the members the person appointed to fill such vacancy shall hold office for the unexpired portion of the term of the member whose place he is selected to fill. Each of the members of the board...
Page 101 - ... percent of the balance outstanding at the time of disbursement, in those cases where the total amount borrowed is over $100,000.
Page 7 - It may not be necessary to use such an instrumentality very extensively. The very existence of such a bulwark will strengthen confidence.
Page 30 - System, may make loans to, or purchase obligations of, such business, or may make commitments with respect thereto, on a reasonable and sound basis, for the purpose of providing it with working capital, but no obligation shall be acquired or commitment made hereunder with a maturity exceeding five years.
Page 77 - ... to determine the necessity for and the character and amount of its expenditures and the manner in which they shall be incurred, allowed, paid and accounted for...
Page 79 - Treasury upon the basis of the current average rate on outstanding marketable obligations of the United States.
Page 78 - Agriculture, without cost to the telephone bank ; "(c) the telephone bank shall be subject to the provisions of the Government Corporation Control Act, as amended (31 USC 841, et seq. ) , in the same manner and to the same extent as if it were included in the definition of 'wholly owned Government corporation...
Page x - System, the Federal Deposit Insurance Corporation, the Federal Savings and Loan Insurance Corporation, or the Administrator of the National Credit Union Administration...

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