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" 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... "
Federal Farm Mortgage Corporation: Hearing Before ..., 73-2 on H.R. 6670 ... - Page 4
by United States. Congress. House. Committee on Agriculture - 1934 - 27 pages
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The Federal Farm-loan System in Operation

Arne Clarence Wiprud - Agricultural credit - 1921 - 280 pages
...exempt from and farm-loan bonds issued under the pro- taxation, including inA come therefrom. visions 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 be exempt from Federal, State, municipal, and...
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Rural Credits: Hearings Before the Committee on Banking and Currency, United ...

United States. Congress. Senate. Committee on Banking and Currency - Agricultural credit - 1922
...this act. Mortgages executed to any Federal debenture bank, also Federal debentures issued under the provisions of this act, shall be deemed and held to...instrumentalities of the Government of the united States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...
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Rural Credits System for the United States

Herbert Myrick - Agricultural credit - 1922 - 240 pages
...this Act. Mortgages executed to any Federal debenture bank, also Federal debentures issued under the provisions of this Act, shall be deemed and held to...instrumentalities of the government of the United States, and as such they and the income derived therefrom shall be exempt from federal, state, municipal and...
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Supreme Court Reporter, Volume 41

United States. Supreme Court - Law reports, digests, etc - 1922
...executed to 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...instrumentalities of the government of the United States, and as such they and the income derived therefrom shall be exempt from federal, state, municipal, and...
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History of Banking in Iowa

Howard Hall Preston - Banks and banking - 1922 - 458 pages
...the denominations of bonds range from $40 to $10,000. The bonds are held to be "instrumentalities of the Government of the United States ' ', and as such they and the income derived therefrom were made exempt from Federal, State, municipal, and local taxation. At the time of the framing of...
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Joint Stock Land Bank Bonds, with Special Reference to the Bonds of the San ...

Bolger, Mosser & Willaman - Agricultural credit - 1923 - 29 pages
...Bond has engraved upon its face the provisions of the act whereby, "Farm Loan Bonds, issued under the provisions of this act, shall be deemed and held to...instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from all Federal, State, Municipal...
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Farm Mortgage Financing

Ivan Wright - Agricultural credit - 1923 - 343 pages
...executed to 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...instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and...
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Making Use of a Bank

James Anderson Fitzgerald - Banks and banking - 1923 - 371 pages
...executed to 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 US, and as such they and the income derived therefrom shall be exempt from federal, state, municipal,...
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Federal Farm Loan Act: Hearings ... Sixty-seventh Congress, Fourth Session ...

United States. Congress. House. Committee on Banking and Currency - Agricultural credit - 1923 - 270 pages
...in all respects governed by the provisions of this act as to Federal farmloan bonds, and such bonds shall be deemed and held to be instrumentalities of the Government of the United States, and, as such, they and the income derived thereon shall be exempt from Federal, State, municipal, and...
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Federal Farm Loan Act: Hearings Before ... 67-4, on H.R. 13125 (as Revised ...

United States Congress. House. Banking and Currency Committee - 1923 - 270 pages
...in all respects governed by the provisions of this act as to Federal farmloan bonds, and such bonds shall be deemed and held to be instrumentalities of the Government of the United States, and, as such, they and the income derived thereon shall be exempt from Federal, State, municipal, and...
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