325 1~1i1 vz;E 12.m®Bz13?B mil June, 30. 1919, rexpcctively, to pumlmsa at par gud accrued i§m·;·{st,xx·itl‘1 amy funds in the Trcasl1ry not officerwiegse appro-_
- ¤;·i;m·ll. from a11y,Fod@ml land bank, fam; loan bonds 1SSll€lZ1 by
>`;l鑧l hzllili. V , LS`u<·h pur<·hases shall not exceed tlxesum of $100,000,000 in vizlw of smrlx fiscal years. Any Fcdeml lsmcl bank may at my aime l’t‘})lll‘(‘Il£1S€ at par and accrué·<1 interest for the pur- ,,,,<, of z·e<lomptiuu qr`re·sal‘e any bonds S0 purchased fr0m·it hm lwld in the Treasury. V V l . 'fl¤· lumds of any Fedeml land bank so purcl1z1scd— by the S,.,»,—,·m·;,· of the Treasury, and held 'in the Treasury under they ,,,-.,,·1S2»us‘ of this—_am€·ndu1ent· cm-? year after the terminationwl Mw pemling war, shall upon thirty days' nqtice from the S¢·¤‘l'€’l2,¥l°}’ of the Treasury Be redeemed Or repurchased by such awk at par and accrued interest, — · _ V
- 1‘m» t@·mpm·ary organization of any Federal lzmd bank-as
}!,.,?x·_i¢le=<.l in s;·(·ti0;1sI ,671-683 shall be pontinued soloug nas any {:;:-:1;, l<»§m bonds pqrclxasgd from ·it under the provisions gt will gmwnulrxnclxt Shall be held by the Treasury; and until the $,;1N»r‘i;;ti<»xxs to stock in such bank by natiomil faim loan hashc~mé·»;;$ sham equal the amount df stock held in suclrbunk by “ zlw (§u\’g·l'lillwlilZ_ bt the Uniléd Statqs. » _ _ ‘ lkml su<·h.time as tha, aggregate paid-in capital stobk of the tawlvxr I·`c<l¢·ral land banks shall be $50,Q00,U00, or more, the sQ·¢·m=1 $11-3: éf the Treasury may in·`hiS, discretlbu make deposits in mlilitinn to those auth0rizcd‘by the preceding paragraph, to no >¤(***ll¥:t*d, redeemed, and phid in the same manner as proxieiml in .s’uch_ paragraph, except that any additi011al"dep0Sit’· mmip lu»rmm<ler.slaall becallcal by the Secretary of thé Treasmy and redeemed by `tlxe bank or lianl;s;h¢·>lding the same, wéxhial iifwéu dqys after the connclusicm of each genegal offering ·{w»:‘ {:21*111 loan lmmleé hy·s=uch_ lmnk or bzmksi The aggregate of —,u<.·h additional deposits -m1tstanding“ at any time shall not 4=r~:¤·w<l'il1e~ difference .l¤¤twcé¤ the‘ aggregate paid-in miital _ >=:·?<·k of tlxe twelve Fé{,l€1’&l land banks pm the_last,d:yg£`tl1e
ww-4·¢,i"i11g month, and the·sum of_.$50,000;0G0. The cgwtiflcates _
qi imlwgexlucss issued to `tlm Secretary of the Tréasmryf by me l·’y,»4Irrai lamlbauk for éuch atlditiunal depositshslmll bear
- 1 mm at ixxterqst lust exceeding by _IIl0-FB than one-half of 1_
wr ¢·m1t;am‘ pér ummm the rate borne by the last bond lfssue · of Mw land bank receiving such deposits. _`(July 17, 1916, ·é, 245, §.Z%2, 39 Smt.}384; Je?11. 18, 1918, c. 9, §' 1, 40 Stat. 431; July 1, 1%::31, lz.'39, 42 Stat;. 105.) y , __ ‘ ORGANIZATION EXPENSES _ _ limi, Appropriation for cxpc¤ses.·————'Ilie sum of $100,000; or Fw mach f11e;jco‘f as may ba necessary, is lmreyy appropriated, .4,::1, of may money ig: the j['rea_sm·y B{)t·0tl1GI'W' se appropriated,
- .> he cxp%le~d“ xmdéf the dimctziem qt tlné Fmmfal Farm Lnqrr
Bam-d, for the yiurpose of carrying iam eifcct the provlsiong M mis clmptger, imriudingkhe rem and equipbcmtpf necessary ¤»1¥il·ws.* (Ju1yl17, 1918,,c. 245, 5 33, 39 Stat. · ’ LIMITATION OF COURT DECISIONS; 1611. E§'ect of. partial invalidity of chapter.-—·If :1ny_élmise_, >:<»ut<·i1<+e, pamgrgimhhéf éariz of this .<:hgptm·élmll for zméy ma.- ·z<·m iw mljuxlgexl by may qmxrt of competent jurisclicetling to bc.; irmalial. m¤ul5¤{1 ¤me¤:¢ ,sl1all“m>t‘affect,. impair, or invalicmte ¥1y:·c1imia1{lez· of mix éhmnlqr,. but slmll be €G11Ht1Bd_ in its»E§—· ~*1:1¥i.%»n to the clause, ssmtczncg, pamgrmilr, or pmtj theij f directly involved in the; cozztrovcrsy in'. which suc’h‘ju<lgment shall lmvce. bgma rc1;d£ai·ccl. (July 17} 1916; c. 245,, _§_ 34, iii) st:1;.,38·1.)`,‘ _ · _ _ X “ _ AMENDMESTS TO (3HAPC;ER · 1021. Reservation of ‘ right to, nmenib-···%·Th»€*illi‘¥Kh€/,,149 =¤¤¤*=i<l. nlm-, m- repml this-, clmpter ig lmmby expressly i·esersre»d;"`(“I 17, 1916, c. 245, § 35,, 39 Stat. 3S4.)_\ .
S? xs .1N1yB.4m*1;11’G § 1921 Chapter 8.-·--·FI·}i_>ERAL INTERBIEI}I1\Tfi CREIHT _ BANKS. ()1RGANIZ.1TIO>2’ {Sec. I » ' 1021. Chartcws to int0rmr·di:1te: credit hmakea; msmbcrg name. 1022._L0cntion; officers and diroecturs; empluyeex. ` 1023. Corporxxtc powers: suits by or against. 1024. Fiscxnl agents. for United States. a 1025. Insolvency; reccivnrs. . 1026. Application for charters. DISCOUXTS AND QLOANS 1031. Powers enumerated. A _ _ 1032. Purclmse or discpunt of paper from or for natiozmi banks, Siam banks, trust companies, savings institutions, ()1‘.€0I'{}0I;&ti(1B§§ making loans for a1gricu1tmtal or 1ivest0ck*1purp0a.es; limitation . . _ upon amount. _ . ‘ . · . 1033. Maturity and sale of 10am:. advances, or discounts. 103·£._Rz1tes of interest or discount keharges; rcdiscouut of paper at ‘ other intermediate creqlit banks. v ISSUES _OB‘ DEBENT{?11ES` 1041. Collateral jrulst debentures or other similar obfigalticmsi issue Kami sale; maturity; security for; amounts. 1042. Pre-pamtion gud issue of dcbezzbures or other 0bHgatious{ inter- . est mates. . . " ‘ ·’ _ 1043. Liability of United States Government; form and contents of " debentures or other obligations. " " · . DISCOUNT RATES 1051. Establishment of·d§scr;u¤*t rates. _ . 1052. Ruta of interest charged original borrower on nqtc or obligation . discounted. . _ - ” . 1053. Purchase by credit banks of debentures 01·`0lq1igati0¤s issued by it. _ CAPITAL STOCK _ 1061. .Km0_uf1t; shares; subscription to by_Ui1it0d Stzaieé. M U APPLICA'13ION OF EARNINGS 1071. Apportionment of joint éxpenseg cir Federal land Qnnks, joint·~ . Q stock land banks sgnd Fedeml `iuterrpediate credit banks; . _ — E expenses of Federal Fgxrm Loan BlIIj€}8¥.1`8.i.{{}Qfti0!l1i€(.§ to credit banks. _' · ‘ 1 . ` 1072. Net earnings: disposition; surplus an iusolvc¤<·y` or liquidation. Y LIABILI'1‘Y" ON DEBENITRES OR OTHER SUCH OELLGATIONS ,1081. Nature of liability: , v _ EX.\AIINATIONS AND REPQRTS 1091. Coniidentml int:<mna.ti};m and examinatinns by: Cémptrnller of ` Currency for credit banks; examination and audit of credit - banks. . ? , _. ‘ 1092. Reports to Federal Farm Loan Bemrcl. ‘_ . 1093. Investigations and reports by‘1.·;1nd bunk appraisers for crvz·d_it· _ bdxxks. · 1094. Cust at examinations. 4, ' RULES·AND REG[?L.~\TIONS 1101. Authority of Federél `I<‘m2x1i Lum: Board. A TAX EXEAIPTION 1111.·E¤11mcmti€»¤ of exemptions. , > ` rr@;·i~:A1.·1·`Y I’R€)V'ISI€1$S 1121. Emzmeraticm of various actés by ofiirsers or euxphxycgs of cx·eQ1it‘ ._ 'bzmka made p&'e.·xm>$; punishment. — 2 1./’ — 11*32. False Stzxtesmenps to crmlit hzmks; [mpishxxncxnt. _ ~ 1123. ()xrerv:1}uati(m c»frprc1‘perty offered as security; zxrxigzbxxwnt. 11*24.. Offcmses by exnmjners`; punishment. · 1125. Taking of {ecs and giffs by uiiiceem and euxplowos; punizmnxcent. 1126. Forgggry and Iike oH`en:sc·.w; ‘relz¤gjing to 0bIi;;:1tiox1:§ of cx·cdlt‘bz1:fk¤s; _ · · p'unisI1mc~x1t.‘ · `°’ _ 9 1127. Failse wpresentatiom as to e1¢·houtures or other cmligzztions issuvd ‘ — by credit ki·<>rp¤r:atie.m¤; pmmis·s11mvnt._ _. ~ 1128. Unlawful use of words “Fe.·d¢>ru! `IEltt%l`.Hll‘£Ii&1i(§_ Crwlit Ihmk " ; pn;nishme;1t. . YTQUT Tziking bf `unnsxtkmvized {ees, cmnmissiong,10r-oth•;r c·<>nsidbx·a€_i·un , by credit banks. ·‘ `
