The Federal Farm-loan System in OperationHarper, 1921 - 280 pages |
Other editions - View all
Common terms and phrases
agricultural amendment amortization amount appointed approved asso authorized board of directors borrower capital stock cent centum certificate charge charter ciation co-operative collateral security Congress coupon court debenture defaulted deposits dividends eral 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 gages Government 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 penalty for violation prescribed principal purchase purpose receive only usual Rural Credits salary and fees Secretary secretary-treasurer Section shareholders Stock Land Banks subscribed surety bonds thereof tion Treasury United States bonds vote
Popular passages
Page 180 - 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 247 - ... 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 174 - 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 250 - to raise and support Armies" and "to provide and maintain a Navy.
Page 251 - 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 242 - 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 176 - 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 249 - 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 234 - Mr. Justice Day delivered the opinion of the court: A bill was filed in the United States district court for the western district of...
Page 176 - ... 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...