WHEREAS, such loans are guaranteed by the appropriate federal agencies and as such are made at no risk to the local lending institution and with an interest rate determined by the Federal Government to be fair and reasonable for both borrower and lender, and
WHEREAS, it has become common practice among some lending institutions to increase their return on such loans by charging a discount to the borrower, which results in a much higher return to the lending agency than was contemplated by the federal agencies involved and which places an unwarranted burden upon the borrower and home purchaser;
Now, Therefore, Be It Resolved by the Senate of the state of North Dakota that all lending agencies in the state of North Dakota, including the Bank of North Dakota, be and hereby are requested to refrain from the aforementioned loaning practices in order to make home loans more readily available for veterans and other persons residing in our state.
Filed February 19, 1959.
SENATE RESOLUTION No.4
(O'Brien, Livingston)
CHAPLAINS' INVOCATIONS TO BE PRINTED IN THE SENATE JOURNAL
A resolution requiring all chaplains' invocations to be printed in the Senate Journal.
WHEREAS, the Senate of the state of North Dakota has many distinguished members of the clergy acting as Senate chaplains; and
WHEREAS, it is the desire of the members of the Senate to permanently record the invocations given by such chaplains in the Senate Journal.
Now, Therefore, Be It Resolved by the Senate of the Thirty-sixth Legislative Assembly of the State of North Dakota:
That all invocations of the chaplains of the Senate of the state of North Dakota shall be printed in the Senate Journal.
Filed February 9, 1959.
