The Federal Home Loan Bank Act, as Amended: Home Owners' Loan Act of 1933, as Amended and the Act Providing for the Insurance of Savings and Loan Acounts, as Amended. March 28, 1941U.S. Government Printing Office, 1941 - 81 pages |
From inside the book
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Page 3
... centum per annum in the State where such property is located . This section applies only to home mort- gage loans made after the enactment of this Act . CAPITAL OF FEDERAL HOME LOAN BANKS AND SUBSCRIPTIONS THERETO SEC . 6. ( a ) As soon ...
... centum per annum in the State where such property is located . This section applies only to home mort- gage loans made after the enactment of this Act . CAPITAL OF FEDERAL HOME LOAN BANKS AND SUBSCRIPTIONS THERETO SEC . 6. ( a ) As soon ...
Page 4
... centum of the aggregate of the unpaid principal of the subscriber's home mortgage loans , but not less than $ 500 . The board shall from time to time adjust the amount of stock held by each member so that , as nearly as possible , such ...
... centum of the aggregate of the unpaid principal of the subscriber's home mortgage loans , but not less than $ 500 . The board shall from time to time adjust the amount of stock held by each member so that , as nearly as possible , such ...
Page 5
... centum of all sums thereafter paid in as capital until all such capital stock held by the United States is retired at par . Stock held by the United States may at any time , in the discretion of the Federal Home Loan Bank , and with the ...
... centum of all sums thereafter paid in as capital until all such capital stock held by the United States is retired at par . Stock held by the United States may at any time , in the discretion of the Federal Home Loan Bank , and with the ...
Page 6
... centum per annum cumulative from the date of investment , but in any case in which the rate of dividend is in excess of 2 per centum , the stock subscribed for by the United States shall be entitled to dividends at a rate not in excess ...
... centum per annum cumulative from the date of investment , but in any case in which the rate of dividend is in excess of 2 per centum , the stock subscribed for by the United States shall be entitled to dividends at a rate not in excess ...
Page 9
... centum of the unpaid principal of the home mortgage loan ; but in no case shall the amount of the advance exceed 60 per centum of the value of the real estate securing the home mortgage loan . ( 3 ) If secured by a home mortgage given ...
... centum of the unpaid principal of the home mortgage loan ; but in no case shall the amount of the advance exceed 60 per centum of the value of the real estate securing the home mortgage loan . ( 3 ) If secured by a home mortgage given ...
Common terms and phrases
Act 48 Stat Act to Guarantee Act to Provide added by sec Additional Home-Mortgage Relief amended by sec appointed approved assets bonds issued capital stock Cash advances centum certificate Corporation 48 Stat counterfeited debentures deposits directors district dividends eligible exceed exempt Federal Home Loan Federal Loan Administrator Federal Reserve Federal Reserve Act Federal savings fee simple funds gift taxes Guarantee the Bonds Home Loan Bank home mortgage loan Home Owners Home-Mortgage Relief 49 Housing Act 48 insured accounts insured institution insured members investment laws lien Liquidation Loan Act loan associations Loan Bank Act Loan Bank Board Loan Corporation 48 Loan Insurance Corporation member or nonmember National Housing Act nonmember borrower obligations officer organization certificate paid payment penalty Provide Additional Home-Mortgage purchase purposes real estate receipts Reconstruction Finance Corporation Relief 49 Stat repurchase agreements retirement savings and loan Secretary taxation taxes thereof tion Treasury United unpaid principal
Popular passages
Page 2 - ... means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State In which the real estate Is located, together with the credit instruments, if any, secured thereby.
Page 41 - The Corporation, including its franchise, capital, reserves, surplus, and income, shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 52 - Houses thereof, with intent to influence his decision or action on any question, matter, cause, or proceeding which may at any time be pending, or which may by law be brought before him in his official capacity, or in his place of trust or profit...
Page 14 - ... (4) may adopt, amend, and repeal bylaws, rules, and regulations governing the manner in which its business may be conducted and the powers vested in it may be exercised...
Page 15 - ... income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency or possession thereof, or by any State, county, municipality or local taxing authority ; except that any real property of the corporation shall be subject to State, Territorial, county, municipal or local taxation to the same extent, according to its value, as other real property is taxed.
Page 25 - States, and such guaranty shall be expressed on the face thereof, and such bonds shall be lawful investments, and may be accepted as security, for all fiduciary, trust, and public funds, the investment or deposit of which shall be under the authority or control of the United States or any officer or officers thereof.
Page 15 - Corporation shall be exempt, both as to principal and interest, from all taxation now or hereafter imposed by the United States, any State, or any of the possessions of the United States...
Page 25 - Any and all notes, debentures, bonds, or other such obligations issued by the corporation shall be exempt both as to principal and interest from all taxation...
Page 53 - ... shall be fined not more than ten thousand dollars and imprisoned not more than two years; and shall, moreover, thereafter be incapable of holding any office of honor, trust, or profit under the Government of the United States.
Page 54 - ... shall file with the obligee, at any time after a default in the performance of any contract subject to said Acts, the application and affidavit therein provided, the obligee shall not deliver to the obligor the deposited bonds...