Hearings, Reports and Prints of the Senate Committee on Agriculture and ForestryU.S. Government Printing Office, 1966 |
From inside the book
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Page 2
... corporation assume personal liability for the loan to the extent required under rules and regula- tions prescribed ... corporate borrowers ; ( 4 ) Permitting the FCA to specify the maximum amount which may be loaned to any one borrower ...
... corporation assume personal liability for the loan to the extent required under rules and regula- tions prescribed ... corporate borrowers ; ( 4 ) Permitting the FCA to specify the maximum amount which may be loaned to any one borrower ...
Page 4
... corporation engaged in the farming operations ; * but no such loan shall be made to a corporation unless the principal part of its income is derived from farming operations and unless owners of stock in the corpora- tion assume personal ...
... corporation engaged in the farming operations ; * but no such loan shall be made to a corporation unless the principal part of its income is derived from farming operations and unless owners of stock in the corpora- tion assume personal ...
Page 13
... corporations has been 0.65 percent in number and 4.52 percent in amount of all of the loans made by the 12 Federal land banks . Under existing law , a Federal land bank loan may not be made to a corporation engaged in farming operations ...
... corporations has been 0.65 percent in number and 4.52 percent in amount of all of the loans made by the 12 Federal land banks . Under existing law , a Federal land bank loan may not be made to a corporation engaged in farming operations ...
Page 14
... corporations . Senator TALMADGE . Have you ever had to call on stockholders to pay off this personal liability on loans to corporations ? Mr. BROWNE . I could be corrected by our general counsel on this , sir , but to my knowledge we ...
... corporations . Senator TALMADGE . Have you ever had to call on stockholders to pay off this personal liability on loans to corporations ? Mr. BROWNE . I could be corrected by our general counsel on this , sir , but to my knowledge we ...
Page 28
... corporations , although such assumption of liability could be required any time it is deemed necessary to protect the bank . This would permit a loan to be closed to a corporation when the stockholders are not willing to assume personal ...
... corporations , although such assumption of liability could be required any time it is deemed necessary to protect the bank . This would permit a loan to be closed to a corporation when the stockholders are not willing to assume personal ...
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Common terms and phrases
2-percent amended amount ANDERSON appropriations authority banks for cooperatives bill borrowers capital Chairman Class A stock co-ops Congress consumers cost dairy debentures Department of Agriculture Electric Bank Board facilities Farm Credit Administration farmers Federal Electric Bank Federal land bank Federal Telephone Bank fiscal Government Governor interest rate intermediate loans investment legislation MEHREN Monongahela National Forest national recreation area nutrition operation Pendleton County percent Potomac River president proposed purchase purposes rural electric cooperatives rural electric systems Rural Electrification Act Rural Electrification Administration rural telephone school lunch program school milk program Secretary FREEMAN Senator AIKEN Senator COOPER Senator ELLENDER Senator HOLLAND Senator MCCARTHY Senator MILLER Senator MONDALE Senator MONRONEY Senator TALMADGE Seneca Rocks serve special milk program Spruce Knob Spruce Knob-Seneca Rocks statement subcommittee supplemental financing Telephone Bank Board tion Treasury U.S. Senator United West Virginia
Popular passages
Page 259 - Territories, and subdivisions and agencies thereof, municipalities, peoples' utility districts and cooperative, nonprofit, or limit-dividend associations organized under the laws of any State or Territory of the United States, for the purpose of financing the construction and operation of generating plants, electric transmission and distribution lines or systems for the furnishing of electric energy to persons in rural areas who are not receiving central station service, ..." Section 5 of the Act...
Page 28 - ... as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act...
Page 224 - farmers', fruit growers', or like associations organized and operated on a cooperative basis (A) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales. less the necessary marketing expenses...
Page 2 - In (1) nonprofit schools of high school grade and under, and (2) nonprofit nursery schools, child-care centers, settlement houses, summer camps, and similar nonprofit Institutions devoted to the care and training of children. For the purposes of this section "United States" means the 50 States and the District of Columbia.
Page vi - 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 1 - June 30, 1963, and such sums as may be necessary for each succeeding fiscal year to provide special assistance to schools drawing attendance from areas in which poor economic conditions exist...
Page 224 - Benevolent life insurance associations of a purely local character, mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected from members for the sole purpose of meeting losses and expenses; (11) Farmers...
Page 224 - Farmers' or other mutual hail, cyclone, or fire insurance companies, mutual ditch or irrigation companies, mutual or cooperative telephone companies, or like organizations of a purely local character, the income of which consists solely of assessments, dues, and fees collected from members for the sole purpose of meeting expenses...
Page 35 - ... determine the character of and the necessity for its obligations and expenditures, and the manner in which they shall be incurred, allowed, and paid...
Page 65 - Provided further, That no loan for the construction, operation, or enlargement of any generating plant shall be made unless the consent of the State authority having jurisdiction in the premises is first obtained.