Rural Credits: Hearings ... Sixty-seventh Congress ... on the Bills S.4280 (H.R. 13033) to Provide for the Incorporation and Supervision of Corporations Fromed for the Purpose of Making Agricultural and Live-stock Loans ... and for Other Purposes ...
U.S. Government Printing Office, 1923
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50 per cent advances agencies aggregating agricultural and live-stock agricultural credits act agricultural paper agricultural products agricultural purposes amendment Amorous amount Applery authorized bankers banking institutions bills of exchange borrow branch banking capital and surplus Capper bill cattle chairman chattel mortgages commodities Comptroller Congress cooperative marketing associations corporation's corporations organized cotton credit corporations deposits directors discount districts dividends drafts Eugene Meyer export farm loan farmers and stockmen Federal reserve act Federal reserve bank Federal Reserve Board Federal reserve system Finance Corporation funds growers Henderson indorsement interest limit live-stock industry live-stock loan companies Luce maturity member banks Meyer national banking act national banks needs nine months November 30 operations orderly marketing purchase Rand-McNally Bank Directory rates rediscount corporations secured Senator Stanfield situation South Carolina South Dakota Stevenson stockmen surplus and profits tion Total trust companies United War Finance Corporation Wingo
Σελίδα 65 - And the knowingly taking, receiving, reserving, or charging a rate of interest greater than aforesaid shall be held and adjudged a forfeiture of the entire interest which the note, bill, or other evidence of debt carries with it, or which has been agreed to be paid thereon.
Σελίδα 43 - ... sight, exclusive of days of grace, and which are indorsed by at least one member bank: Provided, That such acceptances if drawn for an agricultural purpose and secured at the time of acceptance by warehouse receipts or other such documents conveying or securing title covering readily marketable staples may be discounted with a maturity at the time of discount of not more than six months' sight exclusive of days of grace.
Σελίδα 64 - Such as shall be conveyed to it in satisfaction of debts previously contracted in the course of its dealings.
Σελίδα 65 - ... purporting to have been issued by the corporation, knowing the same to be false, forged or counterfeited, or (3) falsely alters any...
Σελίδα 65 - After the aforesaid dividend claims have been fully met, all the net earnings shall be paid to the United States as a franchise tax, except that one-half of such net earnings shall be paid into a surplus fund until it shall amount to forty per centum of the paid-in capital stock of such bank.
Σελίδα 65 - A majority of the directors, after executing the articles of association and the organization certificate, shall have power to execute all other papers and to do whatever may be required to make its organization perfect and complete as a national association.
Σελίδα 65 - No association, or any member thereof, shall, during the time it shall continue its banking operations, withdraw, or permit to be withdrawn, either in the form of dividends or otherwise, any portion Of its capital.
Σελίδα 65 - Currency is charged by the national banking laws with the execution of all laws of the United States relating to the organization, operation, regulation and supervision of national banks and in particular with the execution of 12 USC 24 which sets forth the corporate powers of national banks. This...
Σελίδα 62 - Such persons shall enter into articles of association, which shall specify in general terms the object for which the association is formed, and may contain any other provisions not inconsistent with law which the association may see fit to adopt for the regulation of its business and the conduct of its affairs.