The Federal Farm-loan System in Operation |
From inside the book
Results 1-5 of 9
Page 118
... certificate , to in- clude- Name assumed . District and city of principal office . Said temporary directors shall , under their hands , forthwith make an organization certifi- cate , which shall specifically state : First . The name ...
... certificate , to in- clude- Name assumed . District and city of principal office . Said temporary directors shall , under their hands , forthwith make an organization certifi- cate , which shall specifically state : First . The name ...
Page 119
... certificate is made to enable such persons to avail them- selves of the advantages of this Act . The organization certificate shall be acknowl- edged before a judge or clerk of some court of record , or notary public , and shall be , to ...
... certificate is made to enable such persons to avail them- selves of the advantages of this Act . The organization certificate shall be acknowl- edged before a judge or clerk of some court of record , or notary public , and shall be , to ...
Page 120
... certificate the bank shall become , as from the date of the execution of its organi- zation certificate , a body corporate , and as such , and in the name designated in the organization certificate , it shall have power- First . To ...
... certificate the bank shall become , as from the date of the execution of its organi- zation certificate , a body corporate , and as such , and in the name designated in the organization certificate , it shall have power- First . To ...
Page 187
... organization ..... amount to be stated in organization cer- 4 121 tificate .... 4 119 cannot be reduced to less than 5 per cent of outstanding bonds .... 7 133 certificate of reduction .. 29 113 Federal Farm Loan Board may authorize ...
... organization ..... amount to be stated in organization cer- 4 121 tificate .... 4 119 cannot be reduced to less than 5 per cent of outstanding bonds .... 7 133 certificate of reduction .. 29 113 Federal Farm Loan Board may authorize ...
Page 195
... certificate signed by , to be contained in bonds .. decides as to contingent liabilities of insolvent associations ... organization certificate of Federal land banks transmitted to ..... 4 President of United States to designate .... 43 ...
... certificate signed by , to be contained in bonds .. decides as to contingent liabilities of insolvent associations ... organization certificate of Federal land banks transmitted to ..... 4 President of United States to designate .... 43 ...
Other editions - View all
Common terms and phrases
agricultural amortization amount appointed approved asso authorized board of directors borrower capital stock cent centum certificate charge charter ciation co-operative collateral security Congress coupon debenture default deposits dividends earnings eral exempted expenses farm lands Farm Loan Act Farm Loan Board Farm Loan Commissioner farm-loan bonds issued farm-loan registrar farmers Federal Farm Loan Federal farm-loan bonds Federal farm-loan system Federal land banks funds gage Government interest rate investment issue of farm-loan joint-stock land banks land-bank appraisers land-bank district land-mortgage Landschaft loan association loan bonds loan committee ment mort mortgage loans mortgages on farm national banks national farm national farm-loan associations operation organization organization certificate paid payments prescribed principal purchase purposes rate of interest receive only usual Rural Credits Secretary secretary-treasurer shareholders Stock Land Banks subscribed surety bonds taxation thereof tion Treasury United States bonds vote
Popular passages
Page 182 - 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 250 - 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 bo 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 local taxation.
Page 150 - ... 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 176 - 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 256 - That the power to tax involves the power to destroy ; that the power to destroy may defeat and render useless the power to create ; that there is a plain repugnance in conferring on one government a power to control the constitutional measures of another, which other, with respect to those very measures, is declared to be supreme over that which exerts the control, are propositions not to be denied.
Page 252 - to raise and support Armies" and "to provide and maintain a Navy.
Page 253 - 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.
Page 169 - First mortgages 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 United States, and as such they and the income derived therefrom shall be exempt from Federal, State, municipal, and local...
Page 244 - 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 178 - 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.