 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...  Circular - Page 91by United States. Farm Credit Administration - 1934Full 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
...the discussion to follow that it is here set out in full. It is as follows: "Section 2(5. That every federal land bank and every national farm loan association,...reserve or surplus therein and the income derived be deemed and held to be instrumentalitie." of the Government of the United States, and as such they... | |
 | 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... | |
 | 1915 - 990 pages
...Sec. 28. That every Federal land bank and every farm loan association, including the capital stock and reserve or surplus therein, and the income derived therefrom, shall be exempt from Federal, /State, and local taxation, except taxes upon real estate held, purchased, or taken by the said bank under... | |
 | Dick Thompson Morgan - 1915 - 328 pages
...Section 29: " That every Federal land bank and every farm loan association, including the capital stock and reserve or surplus therein, and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate held, purchased, or taken by the said bank under... | |
 | 1916 - 1420 pages
...in the discussion to follow that it is here set out in full. It is as follows : SEC. 26. That every Federal land bank and every national farm loan association,...by said bank or association under the provisions of section eleven and section thirteen of this act. First mortgages executed to Federal land banks, or... | |
 | United States. National Bureau of Standards, Samuel Wesley Stratton - 1916 - 110 pages
...That every Federal land bank and every national farri loan association, inclnding the capital stock and reserve or surplus therein and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate held, purchased, or taken by said bank or association... | |
 | 1916 - 1304 pages
...That every Federal land bank and every national farm-loan association, Including the capital stock and reserve or surplus therein and the Income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate held, purchased, or taken by said bank or association... | |
 | United States - 1916 - 32 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... | |
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