Page images
PDF
EPUB
[merged small][merged small][ocr errors][merged small][merged small][merged small][merged small][ocr errors][merged small][merged small][merged small][merged small]

7 U.S.C., 8 453

Authority and duties of division.-(a) The division shall render service to associations of producers of agricultural products, and federations and subsidiaries thereof, engaged in the cooperative marketing of agricultural products, including processing, warehousing, manufacturing, storage, the cooperative purchasing of farm supplies, credit, financing, insurance, and other cooperative activities.

(b) The division is authorized

(1) To acquire, analyze, and disseminate economic, statistical, and historical information regarding the progress, organization, and business methods of cooperative associations in the United States and foreign countries.

(2) To conduct studies of the economic, legal, financial, social, and other phases of cooperation, and publish the results thereof. Such studies shall include the analyses of the organization, operation, financial, and merchandising problems of cooperative associations.

(3) To make surveys and analyses if deemed advisable of the accounts and business practices of representative cooperative associations upon their request; to report to the association so surveyed the .results thereof; and with the consent of the association so surveyed to publish summaries of the results of such surveys, together with similar facts, for the guidance of cooperative associations and for the purpose of assisting cooperative associations in developing methods of business and market analysis.

(4) To confer and advise with committees or groups of producers, if deemed advisable, that may be desirous of forming a cooperative association and to make an economic survey and analysis of the facts surrounding the production and marketing of the agricultural product or products which the association, if formed, would handle or market.

(5) To acquire from all available sources information concerning crop prospects, supply, demand, current receipts, exports, imports, and prices of the agricultural products handled or marketed by cooperative associations, and to employ qualified commodity marketing specialists to summarize and analyze this information and disseminate the same among cooperative associations and others.

(6) To promote the knowledge of cooperative principles and practices and to cooperate, in promoting such knowledge, with educational and marketing agencies, cooperative associations, and others.

(7) To make such special studies, in the United States and foreign countries, and to acquire and disseminate such information and findings as may be useful in the development and practice of cooperation. (July 2, 1926, c. 725, § 3, 44 Stat. 802.) 7 U.S.C., $ 454

Advisers to counsel with Governor of the Farm Credit Administration; expenses and subsistence. The Governor of the Farm Credit Administration is authorized, in his discretion, to call advisers to counsel with him and/or his representatives relative to specific problems of cooperative marketing of farm products or any other cooperative activity. Any person, other than an officer, agent, or employee of the United States, called into conference, as provided for in this

0

[merged small][ocr errors]

section, may be paid actual transportation expenses and not to exceed $10 per diem to cover subsistence and other expenses while in conference and en route from and to his home. (July 2, 1926, c. 725, $ 4, 44 Stat. 803; Oct. 1, 1929, Ex. Or. 5200; Mar. 27, 1933, Ex. Or. 6084.)

Governor of Farm Credit Administration" mentioned in the text was substituted for "Secretary of Agriculture" pursuant to the Executive Orders cited thereto, which are set out in full at the beginning of this circular.

ISIN,

plies

and busiand

and

uch

ເ tan

7 U.S.C., $ 455

Dissemination of crop, market, etc., information by cooperative marketing associations.-Persons engaged, as original producers of agricultural products, such as farmers, planters, ranchmen, dairymen, nut or fruit growers, acting together in associations, corporate or otherwise, in collectively processing, preparing for market, handling, and marketing in interstate and/or foreign commerce such products of persons so engaged, may acquire, exchange, interpret, and disseminate past, present, and prospective crop, market, statistical, economic, and other similar information by direct exchange between such persons, and/or such associations or federations thereof, and/or by and through a common agent created or selected by them. (July 2, 1926, c. 725,8 5,44 Stat. 803.)

[merged small][ocr errors][merged small][merged small][merged small]

7 U.S.C., § 456

Rules and regulations; appointment, removal, and compensation of employees; expenditures; appropriations. The Governor of the Farm Credit Administration may make such rules and regulations as may be deemed advisable to carry out the provisions of this chapter and may cooperate with any department or agency of the Government, any State, Territory, District, or possession, or department, agency, or political subdivision thereof, or any person; and may call upon any other Federal department, board, or commission for assistance in carrying out the purposes of this chapter; and shall have the power to appoint, remove, and fix the compensation of such officers and employees not in conflict with existing law and make such expenditure for rent, outside the District of Columbia, printing, telegrams, telephones, books of reference, books of law, periodicals, newspapers, furniture, stationery, office equipment, travel, and other supplies and expenses as shall be necessary to the administration of this chapter in the District of Columbia and elsewhere, and there is hereby authorized to be appropriated, such sums as may be necessary after the fiscal year 1927, for carrying out the purposes of this chapter. (July 2, 1926, C. 725, $ 6, 44 Stat. 803; Oct. 1, 1929, Ex. Or. 5200; Mar. 27, 1933, Ex. Or. 6084.)

"Governor of Farm Credit Administration” mentioned the text was substituted for "Secretary of Agriculture” pursuant to the Executive Orders cited thereto, which are set out in full at the beginning of this circular. 7 U.S.C., $ 457

Separability of provisions.—If any provision of this chapter is declared unconstitutional or the applicability thereof to any person or circumstance is held invalid, the validity of the remainder of the chapter and the applicability of such provision to other persons and

i

circumstances shall not be affected thereby, and nothing contained in this chapter is intended, nor shall be construed, to modify or repeal any of the provisions of sections 291 and 292 of this title [Title 7, U.S. Code]. (July 2, 1926, c. 725, 87,44 Stat. 803.)

[merged small][ocr errors]

The following extracts from Title 18 include only those sections which originated in whole or in part in earlier statutory provisions specifically applicable to the Farm Credit Administration, units under its supervision, or personnel thereof. They do not include other sections of Title 18 of general application which also apply to such administration, units, or personnel but did not have such an origin.

18 U.S. C. $218

Acceptance of loan or gratuity by bank examiner.-Whoever, being an examiner or assistant examiner of member banks of the Federal Reserve System or banks the deposits of which are insured by the Federal Deposit Insurance Corporation, or a farm credit examiner or examiner of National Agricultural Credit Corporations accepts a loan or gratuity from any bank, corporation, association or organization examined by him or from any person connected therewith, shall be fined not more than $5,000 or imprisoned not more than one year, or both; and may be fined a further sum equal to the money so loaned or gratuity given, and shall be disqualified from holding office as such examiner. (Derived from Act July 17, 1916, c. 245, $$ 31, 211 (d), 39 Stat. 382; Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459; Aug. 19, 1937, c. 704, $ 20, 50 Stat. 70; June 3, 1935, c. 164, § 21, 49 Stat. 319; 12 U.S. C. 981 and 1124.)

18 U.S.C., $ 220

Receipt of commissions or gifts for procuring loans.—Whoever, being an officer, director, employee, agent, or attorney of a member bank of the Federal Reserve System, of a Federal intermediate credit bank, or of a National Agricultural Credit Corporation, except as provided by law, stipulates for or receives or consents or agrees to receive any fee, commission, gift, or thing of value, from any person, firm, or corporation, for procuring or endeavoring to procure for such person, firm, or corporation, or for any other person, firm, or corporation, from any such bank or corporation, any loan or extension or renewal of loan or substitution of security, or the purchase or discount or acceptance of any paper, note, draft, check, or bill of exchange by any such bank or corporation, shall be fined not more than $5,000 or imprisoned not more than one year, or both. (Derived from Act July 17, 1916, c. 245, § 211 (e); Mar. 4, 1923, c. 252, § 2, 42 Stat. 1459; 12 U.S. C. 1125.)

18 U.S.C., & 221

Receipt or charge of commissions or gifts for farm loan or land bank transactions.—Whoever, being an officer, director, attorney, or employee of a national farm loan association, a Federal land bank, or a joint-stock land bank, organized or acting under authority of any

[merged small][ocr errors][merged small][merged small]

law of the United States, is a beneficiary of or receives, directly or indirectly, any fee, commission, gift, or other consideration for or in connection with any transaction or business of such association or bank, other than the usual salary or director's fee paid to such officer, director, or employee thereof, and a reasonable fee paid by such association or bank to such officer, director, attorney, or employee for services rendered, shall be fined not more than $5,000 or imprisoned not more than one year, or both.

Whoever causes or procures any Federal land bank, joint-stock land bank or national farm loan association, organized under any Act of Congress, to charge or receive any fee, commission, bonus, gift, or other consideration not specifically authorized, shall be fined not more than $5,000 or imprisoned not more than one year, or both. (Derived from Act July 17, 1916, c. 245, § 31, 39 Stat. 382; 12 U. S. C. 983.) 18 U.S.C., § 371

Conspiracy to commit offense or to defraud United States. If two or more persons conspire either to commit any offense against the United States, or to defraud the United States, or any agency thereof in any manner or for any purpose, and one or more of such persons do any act to effect the object of the conspiracy, each shall be fined not more than $10,000 or imprisoned not more than five years, or both.

If, however, the offense, the commission of which is the object of the conspiracy, is a misdemeanor only, the punishment for such conspiracy shall not exceed the maximum punishment provided for such misdemeanor. (Derived from Act June 16, 1933, c. 98, $ 64 (f), 48 Stat. 269; 12 U. S. C. 1138d (f).)

18 U.S.C., § 431

Contracts by Member of Congress; exceptions.--Whoever, being a Member of or Delegate to Congress, or a Resident Commissioner, either before or after he has qualified, directly or indirectly, himself, or by any other person in trust for him, or for his use or benefit, or on his account, undertakes, executes, holds, or enjoys, in whole or in part, any contract or agreement, made or entered into in behalf of the United States or any agency thereof, by any officer or person authorized to make contracts on its behalf, shall be fined not more than $3,000.

All contracts or agreements made in violation of this section shall be void; and whenever any sum of money is advanced by the United States or any agency thereof, in consideration of any such contract or agreement, it shall forthwith be repaid; and in case of failure or refusal to repay the same when demanded by the proper officer of the department or agency under whose authority such contract or agreement shall have been made or entered into, suit shall at once be brought against the person so failing or refusing and his sureties for the recovery of the money so advanced. (Derived from Act June 16, 1933, c. 98, $ 64 (e), 48 Stat. 268; Jan. 31, 1934, c. 7, § 13, 48 Stat. 347; 12 Ú. S. Ć. 1138d (e).)

[ocr errors]

bi 34 4

18 U.S.C., 432

Officer or employee contracting with Member of Congress.Whoever, being an officer or employee of the United States, on behalf of the United States or any agency thereof, directly or indirectly makes or enters into any contract, bargain, or agreement, with any Member of or Delegate to Congress, or any Resident Commissioner, either before or after he has qualified, shall be fined not more than $3,000. (Derived from Act June 16, 1933, c. 98, $ 64 (e), 48 Stat. 268; Jan. 31, 1934, c. 7, § 13, 48 Stat. 347; 12 U. S. C. 1138d (e).)

[merged small][ocr errors][ocr errors][ocr errors][ocr errors]

18 U. S.C., § 433

Exemptions with respect to certain contracts.-Sections 431 and 432 of this title shall not extend to any contract or agreement made or entered into, or accepted by any incorporated company for the general benefit of such corporation; nor to the purchase or sale of bills of exchange or other property where the same are ready for delivery and payment therefor is made at the time of making or entering into the contract or agreement. Nor shall the provisions of such sections apply to advances, loans, discounts, purchase or repurchase agreements, extensions, or renewals thereof, or acceptances, releases or substitutions of security therefor or other contracts or agreements made or entered into under the Reconstruction Finance Corporation Act, the Agricultural Adjustment Act, the Federal Farm Loan Act, the Emergency Farm Mortgage Act of 1933, the Federal Farm Mortgage Corporation Act, the Farm Credit Act of 1933, or the Home Owners Loan Act of 1933, the Farmers' Home Administration Act of 1946, the BankheadJones Farm Tenant Act, or to crop insurance agreements or contracts or agreements of a kind which the Secretary of Agriculture may enter into with farmers.

Any exemption permitted by this section shall be made a matter of public record. (Derived from Act June 16, 1933, c. 98, $ 64 (e), 48 Stat. 268; Jan. 31, 1934, c. 7, § 13, 48 Stat. 317; 12 U. S. C. 1138d (e).)

1

18 U.S.C., § 493

Bonds and obligations of certain lending agencies.-Whoever falsely makes, forges, counterfeits or alters any note, bond, debenture, coupon, obligation, instrument, or writing in imitation or purporting to be in imitation of, a note, bond, debenture, coupon, obligation, instrument or writing, issued by the Reconstruction Finance Corporation, Federal Deposit Insurance Corporation, Home Owners' Loan Corporation, Farm Credit Administration, Federal Housing Administration, Federal Farm Mortgage Corporation or any land bank, intermediate credit bank, bank for cooperatives or any lending, mortgage, insurance, credit or savings and loan corporation or association authorized or acting under the laws of the United States shall be fined not more than $10,000 or imprisoned not more than five years, or both.

Whoever passes, utters, or publishes, or attempts to pass, utter or publish any note, bond, debenture, coupon, obligation, instrument or document knowing the same to have been falsely made, forged, counterfeited or altered, contrary to the provisions of this section, shall be fined not more than $10,000 or imprisoned not more than five years, or

« PreviousContinue »