Farm Credit Act of 1933, Hearing Before ..., 73-1 on H.R. 5790, May 26 and 27, 1933 |
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agreements Agricultural Marketing Act amended amount application appointed approval authorized Bank for Cooperatives believe better bill board of directors borrowers capital Central Bank centum CHAIRMAN chattel mortgages class B stock clearing committee commodity cooperative associations cost course covered crop CUMMINGS debentures determined direct directors district Doxey effect facilities Farm Board Farm Credit Administration farmers Federal Farm Federal land banks financing follows fund further GILCHRIST give Government governor handled held HOPE interest intermediate credit banks issued kind limitation losses meet MORGENTHAU MYERS necessary needs obligation operation organization Paragraph pass payment percent permit person possible prescribed Production Credit Association Production Credit Corporation purchase question reason reference regional relating repeal representative set-up situation thing tion United wool
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Side 3 - reconstruction finance corporation act." SBC. 2. The corporation shall have capital stock of $500,000.000, all subscribed by the United States of America, payment for which shall be subject to call in whole or in part by the board of directors of the corporation, with the approval of the Secretary of the Treasury, at such time or times as may be deemed advisable.
Side 9 - First, That no member of the association is allowed more than one vote because of the amount of stock or membership capital he may own therein, or, Second, That the association does not pay dividends on stock or membership capital in excess of 8 per centum per annum.
Side 12 - State bank, trust company, agricultural credit corporation, incorporated live-stock loan company, savings institution, cooperative bank, cooperative credit or marketing association of agricultural producers, organized under the laws of any State...
Side 8 - Payment for the $825,000,000 balance of such capital stock shall be subject to call at any time in whole or in part by the Board of Directors of the Bank. For the purpose of making payments of such balance, the Secretary of the Treasury...
Side 11 - Corporation, or, without being duly authorized, draws any order or issues, puts forth, or assigns any note, debenture, bond, or other obligation, or draft, bill of exchange, mortgage, judgment, or decree thereof...
Side 10 - ... or (2) passes, utters or publishes, or attempts to pass, utter or publish, any false, forged or counterfeited...
Side 10 - ... capital, reserves, surpluses, and other funds, and their income shall be exempt from all taxation now or hereafter imposed by the United States or by any State, Territorial, or local taxing authority; except that any real property and any tangible personal property of such Federal credit unions shall be! subject to Federal, State, Territorial., and local taxation to the same extent as other similar property is taxed.
Side 4 - ... formed and the territory within which Its operations are to be carried on, and which may contain any other provision, not inconsistent with law, which the association may see fit to adopt for the regulation of its business and the conduct of its affairs. Said articles shall be signed...
Side 9 - Third. That the association shall not deal in the products of nonmembers to an amount greater in value than such as are handled by it for members.