Home Owners' Loan Act, Hearings Before a Subcommittee of ..., 73-1 on S. 1317 ..., April 20 and 22, 19331933 - 140 pages |
From inside the book
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Page 1
... authorized and directed to create a Corpora- tion to be known as the Home Owners ' Loan Corporation , which shall be an instrumentality of the United States and which shall be under the direction of the Board and operated by it under ...
... authorized and directed to create a Corpora- tion to be known as the Home Owners ' Loan Corporation , which shall be an instrumentality of the United States and which shall be under the direction of the Board and operated by it under ...
Page 2
... authorized to increase such capital stock from time to time in such amounts as may be necessary , but not to exceed in the aggregate $ 200,000,000 . Such stock shall be subscribed for by the Secretary of the Treasury on behalf of the ...
... authorized to increase such capital stock from time to time in such amounts as may be necessary , but not to exceed in the aggregate $ 200,000,000 . Such stock shall be subscribed for by the Secretary of the Treasury on behalf of the ...
Page 3
... authorized , for a period of three years from the date of enactment of this act , to make loans in cash for the same purposes for which cash advances may be made under subsection ( d ) of this section , in cases where the property is ...
... authorized , for a period of three years from the date of enactment of this act , to make loans in cash for the same purposes for which cash advances may be made under subsection ( d ) of this section , in cases where the property is ...
Page 4
... authorized on behalf of the United States to subscribe for preferred shares in such associations which shall be preferred as to the assets of the association and which shall be entitled to a dividend , if earned , after payment of ...
... authorized on behalf of the United States to subscribe for preferred shares in such associations which shall be preferred as to the assets of the association and which shall be entitled to a dividend , if earned , after payment of ...
Page 5
... authorized , draws any order or issues , puts forth , or assigns , any note , debenture , bond , or other obligation , or draft , mort- gage , judgment , or decree thereof , shall be punished by a fine of not more than $ 10,000 , or by ...
... authorized , draws any order or issues , puts forth , or assigns , any note , debenture , bond , or other obligation , or draft , mort- gage , judgment , or decree thereof , shall be punished by a fine of not more than $ 10,000 , or by ...
Common terms and phrases
33 Liberty Street 80 percent Act as amended amortization amount apply appraisal authorized BARKLEY bill bonds building and loan capital cash census centum chairman cities committee counties currency debentures deposits discount distress district eligible equity exceed Federal Home Federal home-loan bank Federal mortgage bank Federal Reserve feel foreclosure funds gages Government guarantee HENNESSY home financing Home Mortgage Advisory home owners institutions interest rate invested issued legislation Loan Act loan associations Loan Bank Act Lorain County McAvoy million moratorium mort Mortgage Advisory Board mortgage bank system mortgage loans mortgagor municipalities nonsubscriber borrower obligations organization payments percentage President principal proposed rate of interest real estate Reconstruction Finance Corporation relief RUSSELL SCHMIDT Senator BULKLEY Senator COUZENS Senator McADOO Senator TOWNSEND small home taxes thereof tion Treasury United United States Senate WOODHOUSE
Popular passages
Page 4 - ... makes any statement knowing it to be false, or whoever willfully overvalues any security, for the purpose of obtaining for himself or...
Page 117 - ... 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 ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 109 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby.
Page 2 - 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 3 - In order to provide local mutual thrift institutions in which people may invest their funds and in order to provide for the financing of homes, the Board is authorized, under such rules and regulations as it may prescribe, to provide for the organization, incorporation, examination, operation, and regulation of associations to be known as 'Federal Savings and Loan Associations...
Page 5 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Page 117 - 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 5 - The provisions of sections 112, 113, 114, 115, 116, and 117 of the Criminal Code of the United States (USC, title 18, ch.
Page 120 - 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 112 - Board shall annually make a full report of its operations to the Speaker of the House of Representatives, who shall cause the same to be printed for the information of the Congress.