 | John Martin Chapman, Ray Bert Westerfield - Banks and banking - 1927 - 798 pages
...approved July 17, 1916, which provides that — Farm Loan Bonds issued under provisions of this act ... and the income derived therefrom, shall be exempt...from Federal, State, Municipal and Local Taxation." We quote from the decision rendered by the United States Supreme Court February 28th, 1921, as follows:... | |
 | United States - Law - 1927 - 612 pages
...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, except taxes upon real estate held, purchased, or taken by said bank or association under the provisions... | |
 | United States. Congress. House. Committee on Military Affairs - 1927 - 1736 pages
...corporation. The corporation and all of its assets shall be deemed and held to be instrunK talities of the United States, and as such they and the income derived th*1from shall be exempt from Federal, State, and local taxation. The directors, officers, attorneys,... | |
 | United States Congress. House. Banking and Currency Committee - 1928 - 2134 pages
...farm-loan bonds issued under the provisions of this act shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." This bank is organized under section 16 of the Federal farm loan act, operates under the provisions... | |
 | United States. Department of Justice - Administrative law - 1929 - 652 pages
...bonds. By the provisions of section 26 these bonds " shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." The privilege hereby granted is one that necessarily derives from a corresponding submission to the... | |
 | United States. Congress. House. Committee on Banking and Currency - Agricultural credit - 1930 - 380 pages
...farm-loan bonds issued under the provisions of this act shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." This bank is organized under section 16 of the Federal farm loan act, operates under the provisions... | |
 | United States. Congress. House. Committee on Banking and Currency - Banks and banking - 1932 - 440 pages
...debentures issued by each Federal home loan bank shall be deemed and held to he instrumentalities of the Government of the United States, and as such,...from Federal, State, municipal, and local taxation. That is simply to wind that up there. I will not go any further on that, although. I have much to back... | |
 | United States - Agricultural credit - 1932 - 80 pages
...bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation. (July 17, 1916, c. 245, § 26, 39 Stat. 380.) Shares in joint stock banks included in valuation of... | |
| |
Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall... 
