...309. * * * "(c) The Association, including its franchise, capital, reserves, surplus, mortgages, and income shall be exempt from all taxation now or hereafter...the United States, by any territory, dependency, or pos.ses.-iion thereof, or by any State, county, municipality, or local taxing authority, except that...

...309. * * * "(c) The Association, including its franchise, capital, reserves, surplus, mortgages, and income shall be exempt from all taxation now or hereafter imposed by the United States, by any territorj', dependency, or possession thereof, or by any State, county, municipality, or local taxing...

...the Reconstruction Finance Corporation, provides in part: "The Corporation, including its franchise, capital, reserves, and surplus, and its income shall...now or hereafter imposed by the United States, by an Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing...

...59 20 States. The Corporation, including its franchise, activities, capital, reserves, surplus, and income, shall be exempt from all taxation now or hereafter...any Territory, dependency, or possession thereof, or the District of Columbia, or by any State, county, municipality, or local taxing authority ; except...

...The Corporation, its franchise, loans and other assets, its capital stock, its surplus, its reserves, and its income, shall be exempt from all taxation...thereof, or by any State, county, municipality, or other taxing authority; except that any real property of the Corporation shall be subject to State,...

...taxing authority. The bank, including its franchise, its capital, reserves, and surplus, its advances, and its income, shall be exempt from all taxation...by the United States, by any Territory, dependency, APPENDIX A. COMPARISON OF PRINCIPAL STATUTORY PROVISIONS — Continued Savings and Loan Bank of the...

...and other instruments by it or issued to it by its borrowers, shall lie exempt from all taxation now or hereafter imposed by the United States, by any...territory, dependency, or possession thereof, or by any Stale, county, municipality, or local taxing authority, except that the Corporation is authorized to...

...Telephone debentures shall not be exempt, either as to principal or interest, from any taxation now or hereafter imposed by the United States, by any...dependency, or possession thereof, or by any State or local taxing authority. Telephone debentures shall be lawful investments and may be accepted as...

...Telephone debentures shall not be exempt, either as to principal or interest, from any taxation now or hereafter imposed by the United States, by any...dependency, or possession thereof, or by any State or local taxing authority. Telephone debentures shall be lawful investments and may be accepted as...

...Telephone debentures shall not be exempt, either as to principal or interest, from any taxation now or hereafter imposed by the United States, by any...dependency, or possession thereof, or by any State or local taxing authority. Telephone debentures shall be lawful investments and may be accepted as...