Ship Mortgage Insurance LegislationU.S. Government Printing Office, 1958 - 57 pages |
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Common terms and phrases
$10 million ALLEN amend section 1105 American merchant marine appropriations banks bonds BONNER bulk carriers Carib Queen CHAIRMAN Committee on Merchant Congress construction contract or commitment CURTIN D. C. DEAR Department of Commerce docks event of default facilities favor Federal ship Federal ship-mortgage insurance GEORGE RAGSDALE GIBBS going Government guaranty Grace Line graving docks GROSS HERBERT House of Representatives include floating drydocks insured mortgage insured under title interest rate investment investors issue June 9 letter loans and mortgages loans insured Loeb & Co MAILLIARD Marine and Fisheries Maritime Administration ment Merchant Marine Act MORSE mortgage insurance mortgages and loans obligations operation PELLY premium principal amount private financing provides questions referred to follows repair replacement program revolving fund SCHULTE Secretary of Commerce securities ship mortgage ship-mortgage insurance fund Shipbuilding shipyards steamship SULLIVAN tankers Thank tion title XI insurance TOLLEFSON United unpaid balance Washington WESTFALL
Popular passages
Page 8 - Commissioner is authorized to issue to the Secretary of the Treasury notes or other obligations in such forms and denominations, bearing such maturities, and subject to...
Page 4 - Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury, taking into consideration the current average market yield on outstanding marketable obligations of the United States of comparable maturities during the month preceding the issuance of the notes or other obligations.
Page 20 - Moneys in the fund shall be deposited in the Treasury of the United States to the credit of the fund or invested in bonds or other obligations of, or guaranteed as to principal and interest by, the United States.
Page 1 - The Secretary of the Treasury is authorized and directed to purchase any notes and other obligations of the Administrator to be issued hereunder and for such purpose the Secretary of the Treasury is authorized to use as a public debt transaction the proceeds from the sale of any securities issued under the Second Liberty Bond Act, as amended, and the purposes for which securities may be issued under such Act as amended, are extended to include any purchase of such notes and obligations.
Page 21 - ... the faith of the United States is solemnly pledged to the payment in coin, or its equivalent of all the obligations of the United States...
Page 1 - Act, as amended, are extended to include any purchases of such notes and obligations. The Secretary of the Treasury may at any time sell any of the notes or other obligations acquired by him under this section. All redemptions, purchases, and sales by the Secretary of the Treasury of such notes or other obligations shall be treated as public debt transactions of the United States.
Page 20 - Act under the law then existing, then prior to the expiration of such commitment), to insure the interest on and the unpaid balance of the principal of a mortgage or mortgages which such prospective owner, as mortgagor, may at any time place on the vessel in order to finance the construction, reconstruction, or reconditioning of other vessels or both to refinance a mortgage insured by the Secretary of Commerce on the vessel and to finance the construction...
Page 26 - Nor shall any thing in this act be construed to repeal, alter, or affect, any of the provisions of any former act, pledging the faith of the United States to the payment of the interest or principal of the public debt...
Page 1 - Administrator, with the approval of the Secretary of the Treasury. Such notes or other obligations shall bear interest at a rate determined by the Secretary of the Treasury taking into consideration the current average rate on outstanding marketable obligations of the United States as of the last day of the month preceding the issuance of such notes or other obligations.
Page 1 - Treasury notes or other obligations in an aggregate amount of not to exceed $100,000,000, in such forms and denominations, bearing such maturities, and subject to such terms and conditions as may be prescribed by the Secretary of the Treasury. Such notes or other...