Farm Credit Act of 1940, Hearing Before a Subcommittee of ..., 76-3 on S. 3509 ..., May 7 ... June 7, 1940 |
From inside the book
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Page 1
... borrower from any Federal land bank or from the Federal Farm Mortgage Corporation on defaulted payments , or on taxes , liens , judgments , or assessments not paid by the borrower when due and paid by the mortgagee , skall be the same ...
... borrower from any Federal land bank or from the Federal Farm Mortgage Corporation on defaulted payments , or on taxes , liens , judgments , or assessments not paid by the borrower when due and paid by the mortgagee , skall be the same ...
Page 3
... borrower , for losses resulting from the defaults after June 16 , 1933 , of any other borrowers through such association . ( c ) The shares of stock of any borrower from a Federal land bank , or of any borrower through a national farm ...
... borrower , for losses resulting from the defaults after June 16 , 1933 , of any other borrowers through such association . ( c ) The shares of stock of any borrower from a Federal land bank , or of any borrower through a national farm ...
Page 4
United States. Congress. Senate. Committee on Banking and Currency. borrower whose stock is retired pursuant to section 6 of this Act shall , notwith- standing such retirement , retain membership in the national farm - loan association ...
United States. Congress. Senate. Committee on Banking and Currency. borrower whose stock is retired pursuant to section 6 of this Act shall , notwith- standing such retirement , retain membership in the national farm - loan association ...
Page 7
... borrower , and shall provide for the reamortization of any such loan over a period , not to exceed forty years , which he finds will be consistent with the pro- tection of the security interest of the Government and the full repayment ...
... borrower , and shall provide for the reamortization of any such loan over a period , not to exceed forty years , which he finds will be consistent with the pro- tection of the security interest of the Government and the full repayment ...
Page 8
... borrowers . It was recognized that that system could not be duplicated in the United States . Consequently , for the unlimited liability of the landschaft system the framers of the original act modified the plan so as to require each ...
... borrowers . It was recognized that that system could not be duplicated in the United States . Consequently , for the unlimited liability of the landschaft system the framers of the original act modified the plan so as to require each ...
Common terms and phrases
agency agriculture amended amount approval asso authority basis bill BLACK board of directors borrower collateral Commissioner loans committee Congress cooperative features cost credit system deferments deficiency judgments delinquencies DICKINSON district dividends effect elected extensions Farm Credit Administration farm credit system Farm Loan Act farm loan bonds Farm Mortgage Corporation Federal Farm Loan Federal Farm Mortgage Federal land bank foreclosure Goss Government Governor guaranteed income indebtedness installment dates interest rates interest reduction June 30 Land Bank Commissioner land-bank loans land-bank system loan associations losses ment mortgage loans national farm national farm-loan associations National Farmers Union operation organization outstanding paid paid-in surplus partial release period principal purchase rate of interest reamortization refinancing registrar Secretary WALLACE Senator BANKHEAD Senator BYRNES Senator FRAZIER Senator HUGHES Senator LA FOLLETTE Senator MILLER Senator TOBEY Senator WHEELER SHORT statement Subrogation tion Treasury United
Popular passages
Page 2 - Treasury is authorized to use as a public-debt transaction the proceeds from the sale of any securities hereafter issued under the Second Liberty Bond Act, as amended...
Page 19 - Such bonds shall be fully and unconditionally guaranteed both as to interest and principal by the United States...
Page 290 - 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 2 - All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 126 - Notwithstanding the provisions of section 32 of the Emergency Farm Mortgage Act of 1933, as amended...
Page 289 - First. To issue, subject to the approval of the Federal Farm Loan Board, and to sell farm loan bonds of the kinds authorized in this Act, to buy the same for its own account, and to retire the same at or before maturity.
Page 114 - ... and no payment of the principal portion of any installment of any such loan shall be required during such five-year period if the borrower shall not be in default with respect to any other condition or covenant of his mortgage.
Page 289 - ... as security for a loan, examining and certifying the title thereof, and making, executing and recording the mortgage papers; and in addition may allow said agents not to exceed one-half of...
Page 251 - East State Street, Peoria, 111. Pure Milk Association, 608 South Dearborn Street, Chicago, 111. Pure Milk Producers' Association, 853 Live Stock Exchange Building, Kansas City, Mo. Pure Milk Products Cooperative, 111 King Street, Madison, Wis. Richmond Cooperative Milk Producers' Association, 516 Lyric Building, Richmond, Va. St. Joseph, Mo., Milk Producers' Association, Inc., 308 Ballinger Building, St.
Page 2 - Such obligations shall be in such forms and denominations, shall have such maturities, shall bear such rates of interest, shall be subject to such terms and conditions, and shall be issued in such manner and sold at such prices as may be prescribed by the Commodity Credit Corporation, with the approval of the Secretary of the Treasury.