Federal Farm Loan Act, with Amendments and Farm Mortgage and Farm Credit ActsU.S. Government Printing Office, 1976 |
Contents
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Common terms and phrases
87th Congress Agricultural Credit Corporation amended by striking amended to read amended U. S. C. America in Congress amount application appointed appraisal approval authorized bank for cooperatives board of directors borrower branch bank capital stock Central Bank centum per annum class A stock Congress assembled debentures elected enacted end thereof exceed Farm Credit Act Farm Credit Administration farm credit board Farm Loan Act farm loan association Farm Loan Board Farm Mortgage Corporation farmers Federal Farm Loan Federal Farm Mortgage Federal intermediate credit Federal land bank Federal Reserve Act fiscal further amended Governor hereby House of Representatives indebtedness intermediate credit bank issued lien lieu thereof national farm loan obligations payment prescribed production credit associations production credit corporation purchase purposes pursuant read as follows Reconstruction Finance Corporation section 32 secured creditors Senate and House sentence subsection surplus thereof the following tion title 12 Treasury United
Popular passages
Page 82 - 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 122 - In proceedings under this section and consistent with the provisions thereof, the jurisdiction and powers of the court, the duties of the debtor and the rights and liabilities of creditors, and of all persons with respect to the debtor and its property, shall be the same as if a voluntary petition for adjudication had been filed and a decree of adjudication had been entered on the day when the debtor's petition was filed.
Page 11 - ... 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 179 - May 26, 1924, as amended (USC, title 8, sec. 203), is hereby amended by striking out the period at the end thereof and inserting in lieu thereof a comma and the following : "and...
Page 24 - Nothing herein shall prevent all the shares in any association from being included in the valuation of the personal property of the owner or holder of such shares, in assessing taxes imposed by authority of the State within which the association is located...
Page 5 - Directors of Federal land banks shall receive, in addition to any compensation otherwise provided, a reasonable allowance for necessary expenses in attending meetings of their respective boards, to be paid by the respective Federal land banks.
Page 412 - Board, not more than one of whom shall be selected from any one Federal reserve district, the President shall have due regard to a fair representation of the financial, agricultural, industrial and commercial interests, and geographical divisions of the country.
Page 338 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations to be issued hereunder and for such purpose he is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 176 - States and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 165 - 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 taxation.