Accounting and Examinations Under the Federal Farm Loan Act: Hearings Before the Committee on Banking and Currency, House of Representatives, Sixty-ninth Congress, Second Session, on H.R. 15540, a Bill to Amend the Federal Farm Loan ActU.S. Government Printing Office, 1927 |
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60 days agriculture ALVORD amended amortization amount appointed approval assets authority bank examiners BEEDY bill borrowers BRAND bureau capital stock cent CHAIRMAN charged committee Comptroller condition Congress COOPER court Currency delinquent DEWEY directors dividends duties earnings farm loan act farm loan associations Farm Loan Board farm loan system farmers Federal Farm Loan Federal land banks Federal reserve Federal reserve act FENN foreclosure GUILL interest intermediate credit banks investment joint joint-stock land banks liability loan bonds LUCE ment mortgage mortgage loans national bank act national bank laws national farm loan officers paragraph of section payment POLE POWELL prescribe provision question real estate registered reports reviewing appraisers Secretary section 23 SELLECK shareholders statement statute STEAGALL STEVENSON stock land bank stockholders supervision suspense account thing tion Total transfer Treasury Department voluntary liquidation WILLIAMSON WINGO
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Página 38 - The shareholders of each association formed under the provisions of this act, and of each existing bank or banking association that may accept the provisions of this act, shall be held individually responsible, equally and ratably, and not one for another, for all contracts, debts, and engagements of such association to the extent of the amount of their stock therein at the par value thereof, in addition to the amount invested in such shares...
Página 1 - ... in the hands of such executor, administrator, guardian or trustee, shall be liable in like manner, and to the same extent as the testator or intestate. or the ward or person interested in such trust fund would have been, if he had been living and competent to act, and held the same stock in his own name.
Página 370 - There shall be in the Department of the Treasury a bureau charged with the execution of all laws passed by Congress relating to the issue and regulation of national currency secured by United States bonds...
Página 2 - Every association shall make to the Comptroller of the Currency not less than five reports during each year, according to the form which may be prescribed by him, verified by the oath or affirmation of the president or cashier of such association, and attested by the signature of at least three of the directors.
Página 383 - Fifth. To elect or appoint directors, and by its board of directors to appoint a president, vice-president, cashier, and other officers, define their duties, require bonds of them and fix the penalty thereof, dismiss such officers or any of them at pleasure, and appoint others to fill their places.
Página 3 - ... false entry in any book, report or statement of the association, with intent in either case to injure or defraud the association, or any other company, body politic or corporate, or any individual person, or to deceive any officer of...
Página 248 - In addition to the reports required by the preceding section, each association shall report to the Comptroller of the Currency, within ten days after declaring any dividend, the amount of such dividend, and the amount of net earnings in excess of such dividend. Such reports shall be attested by the oath of the president or cashier of the association.
Página 4 - If any shareholder or shareholders of a joint stock land bank shall neglect or refuse, after three months' notice, to pay the assessment as provided in this section, it shall be the duty of the board of directors to cause a sufficient amount of the capital stock of such shareholder or shareholders to be sold at public auction (after thirty days...
Página 255 - In case of the sale of the mortgaged land, the Federal land bank may permit said mortgage and the stock interests of the vendor to be assumed by the purchaser. In case of the death of the mortgagor, his heir or heirs, or his legal representative or representatives, shall have the option, within sixty days of such death, to assume the mortgage and stock interests of the deceased.
Página 4 - National banking association shall have obtained a judgment against it in any court of record, and made application, accompanied by a certificate from the clerk of the court stating that such judgment has been rendered and has remained unpaid for the space of thirty days, or whenever the Comptroller shall become satisfied of the insolvency of...