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istration, so far as may be required to carry out the purposes to which this order is directed, and may fix or change the names of such offices, bureaus, and activities and the duties, powers, and titles of their executive heads.
This order shall take effect upon the sixty-first calendar day after its transmission to Congress unless otherwise determined in accordance with the provisions of section 407 of the act cited above, as amended.
FRANKLIN D. ROOSEVELT. THE WHITE HOUSE,
March 27, 1933. All functions, powers and duties of the Governor of the Farm Credit Administration which relate to the making, administration, and liquidation of all loans identified or referred to in sections 5 (b), 5 (c), and 5 (d) of this Executive Order were abolished by act Aug. 14, 1946, ch, 964, § 2 (a) (2), 60 Stat. 1062, set out in note under section 1001 of Title 7. Regarding section 5 (e) of the Executive Order, see note preceding section 1148 of title 12.
EXECUTIVE ORDER NO. 5200 I, Herbert Hoover, President of the United States of America, under the authority conferred upon me by paragraph (e) of Section 13 of Agricultural Marketing Act approved June 15, 1929, entitled “An Act To establish a Federal Farm Board to promote the effective merchandizing of agricultural commodities in interstate and foreign commerce, and to place agriculture on a basis of economic equality with other industries”, and by virtue of all other powers thereto me enabling, do hereby transfer from the Department of Agriculture to the jurisdiction and control of Federal Farm Board the whole of the Division of Cooperative Marketing in the Bureau of Agricultural Economics of the Department of Agriculture, all functions pertaining to the work and services of such division, its records, property, including office equipment, personnel, and unexpended balances of appropriation, pertaining to such work or services. The Division of Cooperative Marketing above referred to is created and authorized by "An Act To create a division of cooperative marketing in the Department of Agriculture; to provide for the acquisition and dissemination of information pertaining to cooperation; to promote the knowledge of cooperative principles and practices; to provide for calling advisers to counsel with the Secretary of Agriculture on cooperative activities; to authorize cooperative associations to acquire, interpret, and disseminate crop and market information, and for other purposes”, approved July 2, 1926. The transfer above mentioned shall be effective from and including October 1st, 1929.
HERBERT HOOVER. THE WHITE HOUSE,
October 1, 1929. Farm Credit Administration, Federal Farm Mortgage Corporation, and Commodity Credit Corporation, and their functions and activities, together with their respective personnel, records, and property were transferred to Department of Agriculture by Reorg. Plan No. I, § 401, effective July 1, 1939, 4 F. R. 2730,
53 Stat. 1429, set out in note under section 133t of Title 5, Executive Departments and Government Officers and Employees.
The Farm Credit Administration was consolidated with other agencies into the Food Production Administration of the Department of Agriculture by Ex. Or. No. 9280, Dec. 5, 1942, 7 F. R. 10179, set out following section 601 of Appendix to Title 50; and reverted to its former status as a separate agency of the Department of Agriculture under Ex. Or. No. 9322, Mar. 26, 1943, 8 F. R. 3807, as amended by Ex. Or. No. 9334, Apr. 19, 1943, 8 F. R. 5423; Ex. Or. No. 9392, Oct. 28, 1943, 8 F. R. 14783, set out following section 601 of Appendix to Title 50.
FARM CREDIT ADMINISTRATION; GENERAL ADMINISTRATIVE
12 U.S.C., 8 636
Farm Credit Administration; provisions relating to organization - The Governor of the Farm Credit Administration is authorized, in carrying out the powers and duties now or hereafter vested in him or the Farm Credit Administration by law or under any Executive order made under title IV of part II of the Legislative Appropriation Act of 1933, as amended, to establish, and to fix the powers and duties of, such divisions, agencies, corporations, and instrumentalities as he may deem necessary to the efficient functioning of the Farm Credit Administration and the successful execution of the powers and duties so vested in the Governor and the Farm Credit Administration, This section shall not be construed to restrict the authority of the President under title IV of such Act, as amended: Provided, "That no salary or compensation shall be paid to any officer, agent, or other person employed under this section in excess of $10,000 per annum. (May 12, 1933, c. 25, $ 40, 48 Stat. 51.)
See note preceding this section. 12 U.S. C., $ 637
Land Bank Commissioner; functions under Executive Orders. All functions, powers, authority, and duties conferred upon or vested in the Land Bank Commissioner by sections 347, 636, 637, 723, 771, 781, 810,963a, 992, 993, and 1016-1019 of this title; section 609c of Title 15, and sections 403 and 404 of Title 43 shall be held and exercised by him subject to all the terms and conditions in any Executive Order heretofore, transmitted to Congress pursuant to title IV of part II of the Legislative Appropriation Act of 1933, as amended, the same as if such functions, powers, authority, and duties were specifically named in such Executive Order or orders. (May 12, 1933, c. 25, $ 39, 48 Stat. 50; June 16, 1933, c. 98, 80 (a), 48 Stat. 273.)
12 U. S.C., $ 638
Commissioners in Farm Credit Administration; designation; appointment; salaries and expenses-(a) Land Bank Commissioner. After June 16, 1933, the office of Farm Loan Commissioner shall be known as the office of the Land Bank Commissioner and the Farm Loan Commissioner shall be known as the Land Bank Commissioner. The provisions of section 653 of this title, prescribing a
term of office of eight years, shall not apply to incumbents after June 16, 1933, appointed to the office of Land Bank Commissioner.
(b) Production Credit Commissioner; Cooperative Bank Commissioner; Intermediate Credit Commissioner.-There shall be in the Farm Credit Administration three commissioners who shall be known, respectively, as the Production Credit Commissioner, the Cooperative Bank Commissioner, and the Intermediate Credit Commissioner. Such commissioners shall be appointed by the President, by and with the advice and consent of the Senate. They shall receive an annual salary of $10,000, payable monthly, together with actual necessary traveling expenses. Such commissioners shall perform such duties as may be assigned to them by law or by the governor of the Farm Credit Administration. (June 16, 1933, c. 98, $ 80, 48 Stat. 273.)
See secs. 652–655 for provisions relative to eligibility, appointment, traveling expenses, etc., of Land Bank Commissioner.
12 U.S.C., & 639
Governor of Farm Credit Administration; supplementary grant of powers.-- The authority and powers conferred upon the governor under the Farm Credit Act of 1933 shall not be construed to be in substitution for authority and powers conferred upon him under existing law but shall be construed to be supplementary to such authority and powers. (June 16, 1933, c. 98, $ 82, 48 Stat. 273.)
The Farm Credit Act of 1933, act June 16, 1933, cited to text, has been incorporated into the code as sections 637-640, 653, 659, 674, 677a, 694, 723, 744a, 771, 781, 791, 823 note, 874, 876, 878-880, 884, 952, 963a, 964, 971, 972, 983, 987, 992, 1016-1018, 1022, 1031, 1124, 1131 to 1131g-1, 11311, 1131i, 1134–1134m, 1138-1138f, 1141c, 1141d, 1141e, 1141f, 1141j, 1148a, and 1151a of this title, and section 610 of Title 7, Agriculture.
12 U.S.C., 8640
Seal of Farm Credit Administration. The Farm Credit Administration shall have a seal, as adopted by the governor, which shall be judicially noticed. (June 16, 1933, c. 98, $ 85, 48 Stat. 273.)
Farm Credit Administration was transferred to the Department of Agriculture. See note preceding Section 636 of this Title.
DISTRICT ORGANIZATIONS UNDER SUPERVISION OF FARM CREDIT ADMINISTRATION; FARM CREDIT DISTRICTS AND FARM CREDIT BOARDS
12 U. S. C., 8 640a
Farm credit districts created. There shall be twelve districts in the continental United States, excluding Alaska, which shall be known as farm credit districts, and may be designated by number. The boundaries of the twelve Federal land bank districts existing as of August 19, 1937, shall be the boundaries of the respective farm credit districts. Such boundaries may be readjusted from time to time in the discretion of the Farm Credit Administration, provided that said districts shall be apportioned with due regard to the farm credit needs of the country and no such district shall contain a fractional part of any State. The designations "Federal land bank district” and “and bank district” wherever used in the Federal Farm Loan Act, or in any Act amendatory thereof or supplementary thereto, are changed to
“farm credit district” and shall after August 19, 1937, be deemed to refer to the farm credit districts provided for in this section. (Aug. 19, 1937, c. 704, § 5 (a), 50 Stat. 704.)
Act August 19, 1937, c. 704, $ 40, 50 Stat. 718, provided as follows: "Sec. 40 (a). If any provision of this Act, or the application thereof to any person or circumstances, is held invalid, the remainder of the Act, and the application of such provisions to other persons or circumstances shall not be affected thereby. (b) The right to alter, amend, or repeal this Act is hereby expressly reserved."
12 U.S.C., 8 640b
Farm credit boards; members. There shall be in each farm credit district a farm credit board, which shall be selected as specified in sections 640b-640g of this title and shall be composed of seven members. Each farm credit board shall include in its title the name of the city in which the Federal land bank, Federal intermediate credit bank, production credit corporation, and regional bank for cooperatives of the district are located. Three of the members of said board shall be known as elected directors of whom one shall be chosen by national farm loan associations and borrowers through agencies, one shall be chosen by production credit associations of the district, and one shall be chosen by cooperatives which are stockholders or subscribers to the guaranty fund of the regional bank for cooperatives in the district. Three of the seven members shall be known as district directors, of whom two shall be appointed by the Governor of the Farm Credit Administration and one, who shall be known as the third district director, shall be chosen as provided in section 6400 of this title. The seventh member of such board shall be known as director at large and shall be appointed by the Governor of the Farm Credit Administration. (Aug. 19, 1937, c. 704, 8 5 (b), 50 Stat. 704.) 12 U.S. C., 8 6400
Same; initial board to be composed of Federal land bank directors; successors.—The directors of the Federal land bank of each district who are in office on August 19, 1937, shall constitute the farm credit board of the district and shall serve as members thereof for the remaining portions of the terms for which they were respectively elected or appointed as directors of the bank. Except as otherwise provided by section 640a-640k of this title, the successor to each original member of the farm credit board shall be selected in the manner in which such member was selected as a director of the Federal land bank. (Aug. 19, 1937, c. 704, $ 5 (c), 50 Stat. 704.) 12 U.S.C. 86400
Same; selection of third district director. Each third district director shall be selected as follows: Each national farm loan association and borrower through agencies in the district shall nominate, in the manner provided in section 640e of this title for the nomination of candidates for elected directors, one candidate for such director, and from the three persons having the greatest number of votes as nominees the Governor of the Farm Credit Administration shall appoint such director. No third district director who is removed from office pursuant to section 831 (h) of this title may be nominated to succeed himself. (Aug. 19, 1937, č. 704, § 5 (d), 50 Stat. 704.)
12 U.S.C., 8640e
Same; nomination of elected directors.-At least two months before an election of an elected director the Farm Credit Administration shall cause notice in writing to be sent to those entitled to nominate candidates for such elected director. In the case of an election of a director by national farm loan associations and borrowers through agencies, such notice shall be sent to all national farm loan associations and borrowers through agencies in the district; in the case of an election by production credit associations, such notice shall be sent to all production credit associations in the district; and in the case of an election by cooperatives which are stockholders or subscribers to the guaranty fund of the bank for cooperatives of the district, such notice shall be sent to all cooperatives which are stockholders or subscribers to the guaranty fund at the time of sending notice. After receipt of such notice those entitled to nominate the director shall forward nominations of residents of the district to the Farm Credit Adninistration. The Farm Credit Administration shall, from the nominations received within thirty days after the sending of such notice, prepare a list of candidates for such elected director consisting of the ten noninees receiving the highest number of votes. (Aug. 19, 1937, c. 704, § 5 (e),50 Stat. 705.)
12 U.S.C., 8 640f
Same; election of elected directors.--At least one month before the election of an elected director the Farm Credit Administration shall mail to each person or organization entitled to elect the elected director the list of the ten candidates nominated in accordance with section 640e of this title. In the case of an election of a director by national farm loan associations and borrowers through agencies, the directors of each farm loan association shall cast the vote of such association for one of the candidates on the list. In voting under sections 640a-640k of this title each such associations shall be entitled to cast a number of votes equal to the number of stockholders of such association and each borrower through agencies shall be entitled to cast one vote. In voting under sections 640a-640k of this title each production credit association shall be entitled to cast a number of votes equal to the number of the class B stockholders of such association. In voting under said sections each cooperative which is a holder of stock in, or a subscriber to the guaranty fund of, the bank for cooperatives shall be entitled to cast one vote. The yotes shall be forwarded to the Farm Credit Administration and no vote shall be counted unless received by it within thirty days after the sending of such list of candidates. In case of a tie the Farm Credit Administration shall determine the choice. The nominations from which the list of candidates is prepared, and the votes of the respective voters, as counted, shall be tabulated and preserved and shall be subject to examination by any candidate for at least one year after the result of the election is announced. (Aug. 19, 1937, c. 704, 85 (f), (50 Stat. 705.)