CircularThe Administration, 1934 |
From inside the book
Page 43
... land bank loan . - Before any mortgage loan is made by any Federal land bank , or joint stock land bank , it shall refer the ap- plication and written report of the loan committee to one or more of the land bank appraisers ap- pointed ...
... land bank loan . - Before any mortgage loan is made by any Federal land bank , or joint stock land bank , it shall refer the ap- plication and written report of the loan committee to one or more of the land bank appraisers ap- pointed ...
Page 61
... bank , but the aggregate of the unpaid principal of mortgage loans received from any such agent shall not exceed 10 times its capital and surplus . ( July 17 , 1916 , c . 245 , § 15 , 39 Stat . 373. ) When loans to cease ... STOCK LAND BANKS.
... bank , but the aggregate of the unpaid principal of mortgage loans received from any such agent shall not exceed 10 times its capital and surplus . ( July 17 , 1916 , c . 245 , § 15 , 39 Stat . 373. ) When loans to cease ... STOCK LAND BANKS.
Page 62
... stock land bank organized under this chapter shall be held individually re- sponsible , equally and ratably , and not one for an- other , for all contracts , debts , and engagements of such bank to the extent of the amount of stock ...
... stock land bank organized under this chapter shall be held individually re- sponsible , equally and ratably , and not one for an- other , for all contracts , debts , and engagements of such bank to the extent of the amount of stock ...
Page 63
... stock . - No joint stock land bank shall issue any bonds until after the capital stock is entirely paid up . ( July 17 , 1916 , c . 245 , § 16 , 39 Stat . 374. ) Making loans or issuing tax - exempt bonds prohibited after May 12 , 1933 ...
... stock . - No joint stock land bank shall issue any bonds until after the capital stock is entirely paid up . ( July 17 , 1916 , c . 245 , § 16 , 39 Stat . 374. ) Making loans or issuing tax - exempt bonds prohibited after May 12 , 1933 ...
Page 64
... bank organized under this chapter shall have authority to issue bonds based upon mortgages taken by it in accordance with the terms of this chapter . Such bonds shall be in form prescribed by the Farm Credit ... STOCK LAND BANKS.
... bank organized under this chapter shall have authority to issue bonds based upon mortgages taken by it in accordance with the terms of this chapter . Such bonds shall be in form prescribed by the Farm Credit ... STOCK LAND BANKS.
Common terms and phrases
39 Stat 48 Stat 50 Stat agricultural amended amount application appointed appraisal approval authorized Bank for Cooperatives board of directors borrower branch bank capital stock Central Bank centum per annum chapter class B stock collateral security debentures dividends employees Executive Order cited F. F. L. Act Farm Credit Admin Farm Credit Administration farm loan associations farm loan bonds farm loan registrar Farm Mortgage Corporation Federal Farm Board Federal Farm Loan Federal Farm Mortgage Federal intermediate credit Federal land bank Governor intermediate credit bank joint stock land July 17 June 16 Land Bank Commissioner Loan Board ment mortgage loans national farm loan Order cited thereto organization certificate paid payment prescribed production credit associations Production Credit Corporation pursuant Secretary stituted for Federal stock land bank subchapter substituted for Federal text was sub text was substituted thereof tion tive Order cited Treasury United
Popular passages
Page 7 - 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...
Page 68 - ... shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Page 102 - Any person who shall falsely make, forge, or counterfeit, or cause or procure to be falsely made, forged, or counterfeited, or willingly aid or assist in falsely making, forging, or counterfeiting any...
Page 38 - Congress to promote the effective merchandising of agricultural commodities in interstate and foreign commerce, so that the industry of agriculture will be placed on a basis of economic equality with other industries...
Page 91 - That every Federal land bank and every national farm loan association, including the capital and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, municipal, and local taxation...
Page 93 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 98 - Comptroller, shall take possession of the books, records, and assets of every description of such association, collect all debts, dues, and claims belonging to it, and, upon the order of a court of record of competent jurisdiction, may sell or compound all bad or doubtful debts, and, on a like order, may sell all the real and personal property of such association, on such terms as the court shall direct; and may, if necessary to pay the debts of such association, enforce the individual liability...
Page 11 - The net earnings derived by the United States from Federal reserve banks shall, in the discretion of the Secretary, be used to supplement the gold reserve held against outstanding United States notes, or shall be applied to the reduction of the outstanding bonded indebtedness of the United States under regulations to be prescribed by the Secretary of the Treasury.