 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...  Rural Credits System for the United States - Page 204by Herbert Myrick - 1922 - 240 pagesFull view - About this book
 | John Thom Holdsworth - 1917 - 542 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... | |
 | Montgomery Rollins - 1917 - 528 pages
...name approved by the Comptroller of the Currency: Fed. Res. 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. Provided, hmoever, That said conversion shall not... | |
 | John Thom Holdsworth - 1917 - 538 pages
...United 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,... | |
 | Oberlin Historical and Improvement Organization, Ohio - 1918 - 896 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... | |
 | Eugene Ewald Agger - 1918 - 406 pages
...United 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. Congress. Senate. Committee on Banking and Currency - 1919 - 46 pages
...prescribed by the superintendent of Federal building loan banks. SEC. 29. That every Federal building loan bank, including the capital and reserve or surplus...Federal. State, municipal, and local taxation, except taxation upon real estate held, purchased, or taken by said Federal building loan bank under the provisions... | |
 | Henry Montefiore Powell - 1919 - 708 pages
...Act of July 17, 1916, provides that every federal land bank and every national farm loan association, including the capital and reserve or surplus therein...the income derived therefrom, shall be exempt from taxation, except taxes upon real estate, and that farm loan bonds, with the income therefrom, shall... | |
 | George Edwin Holmes - 1919 - 1052 pages
...Act of July 17, 1916, provides that every federal land bank and every national farm loan association, including the capital and reserve or surplus therein...the income derived therefrom, shall be exempt from taxation, except taxes upon real estate, and that farm loan bonds, with the income therefrom, shall... | |
 | Prentice-Hall Inc, Prentice-Hall, inc - 1919 - 640 pages
...Act of July 17, 1916, provides that every federal land bank and every national farm loan association, including the capital and reserve or surplus therein...the income derived therefrom, shall be exempt from taxation, except' taxes upon real estate, and that farm loan bonds, with the income therefrom, shall... | |
 | United States. Department of Justice - 1919 - 688 pages
...23, 1913 (38 Stat. 258), provides that — "'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." This act plainly frees such stock certificates... | |
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