 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...  The Federal Farm-loan System in Operation - Page 169by Arne Clarence Wiprud - 1921 - 280 pagesFull view - About this book
 | United States. Supreme Court - 1940 - 894 pages
...Land Banks shall be deemed "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." 39 Stat. 360, 380. We held that the state tax, as distinguished from a reasonable fee to meet the expenses... | |
 | United States. Court of Claims - 1947 - 806 pages
...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." This Bank is organized under Section sixteen of the Federal Farm Loan Act, operates under the provisions... | |
 | 1916 - 502 pages
...be deemed and held to be instrumentalitie." 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. ''Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation... | |
 | Ohio State Bar Association - 1916 - 294 pages
...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. "Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation... | |
 | Horace White - 1911 - 576 pages
...States and shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four,... | |
 | United States - 1914 - 962 pages
...States and shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four,... | |
 | Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 452 pages
...States and shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. Sr.c. 8. Section fifty-one hundred and fifty-four,... | |
 | John Thom Holdsworth - 1914 - 464 pages
...States and shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. 8EC. 8. Section fifty-one hundred and fifty-four.... | |
 | Virginius Gilmore Iden - 1914 - 128 pages
...States and shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four,... | |
 | Clarence Walker Barron - 1914 - 232 pages
...shall be similarly applied. Federal reserve banks, including the capital stock and sur- If 55 plus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four,... | |
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