Federal Farm Loan Act as Amended to July 16, 1932 Exclusive of Provisions Relating to Federal Intermediate Credit Banks: Appendix, Containing Certain Other Acts of the Congress Having a Direct Relation to the Federal Farm Loan Act, Index |
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Common terms and phrases
39 Stat 42 Stat agents amended amortization appointed approval assessment asso board of directors borrowers through agencies branch bank capital stock centum per annum ciation collateral security default deposits dividends duly duty election employees eral Farm Loan eral land banks exceed exceeding expenses F. F. L. Act Farm Loan Act farm loan association Farm Loan Board Farm Loan Commissioner farm loan registrar Federal Farm Loan Federal intermediate credit Federal land bank Federal Reserve forthwith gage indorsed insolvent intermediate credit banks issue of farm joint stock land July 17 land bank district land bank organized land mortgage liabilities loan bonds issued loan committee ment mort mortgage loans mortgages and bonds mortgages on farm national farm loan organization certificate paid payable payment person prescribed principal receive reserve account salaries Secretary secretary-treasurer shareholders stock held stock land bank subscribe subscriptions thereof tion Title vote
Popular passages
Page 59 - 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 3 - An Act to provide capital for agricultural development, to create standard forms of investment based upon farm mortgage, to equalize rates of interest upon farm loans, to furnish a market for United States bonds, to create Government depositaries and financial agents for the United States, and for other purposes.
Page 66 - That if any person 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 note, in imitation of, or purporting to be...
Page 20 - States, said subscription to be subject to call in whole or in part by the board of directors of said land bank upon thirty days...
Page 70 - If any clause, sentence, paragraph, or part of this Act shall for any reason be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder of this Act, but shall be confined in its operation to the clause, sentence, paragraph, or part thereof directly involved in the controversy in which such judgment shall have been rendered.
Page 67 - Currency, or from the board of directors of such bank, except when ordered to do so by a court of competent jurisdiction, or by direction of the Congress of the United States, or of either House thereof, or any committee of Congress or of either House duly authorized. Any person violating any provision of this section shall be punished by a fine of not exceeding $5,000 or by imprisonment not exceeding one year, or both.
Page 13 - State in which said bank is to be located, the amount of capital stock and the number of shares into which the same is divided, the name and place of doing business of each bank executing such certificate, and of all banks which have subscribed to the capital stock of...
Page 67 - ... issues or puts forth any certificate of deposit, draws any order or bill of exchange, makes any acceptance, assigns any note, bond, draft, bill of exchange, mortgage, judgment, or decree; or who makes any false entry in any book, report...
Page 72 - That if any clause, sentence, paragraph, or part of this act shall, for any reason, be adjudged by any court of competent jurisdiction to be invalid, such judgment shall not affect, impair, or invalidate the remainder thereof...
Page 21 - Treasury shall require the associations thus designated to give satisfactory security, by the deposit of United States bonds and otherwise, for the safe-keeping and prompt payment of the public money deposited with them, and for the faithful performance of their duties as financial agents of the Government...