Rural Telephone Financing: Hearings, Eighty-ninth Congress, Second Session, on Title V and Title VI, H.R. 14837. September 13 and 14, 1966U.S. Government Printing Office, 1966 - 52 pages |
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Page 1
... capital needs of the rural electric and telephone systems require the establishment of a rural electric bank and a rural telephone bank which will furnish assured and viable sources of supplementary financing , with the objective that ...
... capital needs of the rural electric and telephone systems require the establishment of a rural electric bank and a rural telephone bank which will furnish assured and viable sources of supplementary financing , with the objective that ...
Page 2
... capital stock of the Rural Telephone Bank in accordance with section 606 ( a ) of this Act : Provided , That such investment shall be deemed paid in capital of the said bank notwithstanding that funds representing the proceeds from the ...
... capital stock of the Rural Telephone Bank in accordance with section 606 ( a ) of this Act : Provided , That such investment shall be deemed paid in capital of the said bank notwithstanding that funds representing the proceeds from the ...
Page 3
... capital , reserves , surpluses , security holdings , and other funds , and its income shall be exempt from all taxation now or hereafter imposed by the United States or by any State , territorial , or local taxing authority : Provided ...
... capital , reserves , surpluses , security holdings , and other funds , and its income shall be exempt from all taxation now or hereafter imposed by the United States or by any State , territorial , or local taxing authority : Provided ...
Page 5
... capital shall consist of capital subscribed by the United States , by borrowers from the telephone bank , and by corporations eligible to become borrowers from the telephone bank . Beginning on July 1 , 1966 , and ending fifteen years ...
... capital shall consist of capital subscribed by the United States , by borrowers from the telephone bank , and by corporations eligible to become borrowers from the telephone bank . Beginning on July 1 , 1966 , and ending fifteen years ...
Page 8
... capital in the next 15 years . This is roughly twice the amount of capital which has been made available through the REA program over the past 15 years . When we look at it from the standpoint of annual capital requirements we find that ...
... capital in the next 15 years . This is roughly twice the amount of capital which has been made available through the REA program over the past 15 years . When we look at it from the standpoint of annual capital requirements we find that ...
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Expressions et termes fréquents
Allied Telephone amended Arkansas assets Bell System bill budget bylaws CALLAN CATV Chairman CLAPP Class C stock Committee Print CONGRESS THE LIBRARY cooperatives corporations DOLE electric bank entities and organizations equity facilities filibuster fiscal FULLARTON GATHINGS going GRESS THE LIBRARY HARMON HARVEY of Indiana Independent Telephone Association interest language legislation LIBRARY OF CONGRES LIBRARY OF CONGRESS million objection percent PETERSON POAGE power companies Puerto Rico Telephone purposes questions RALPH HARVEY REA borrowers REA loan REA program REA telephone borrowers RESS rural areas Rural Electrification Act Rural Electrification Administration rural telephone account SANTIAGO POLANCO-ABREU Secretary section 201 subcommittee supplemental financing TEAGUE of California tele Telephone Bank Board telephone companies telephone debentures telephone industry telephone loans telephone program telephone section telephone service telephone side territory Thank thing tion Treasury trying United States Independent vote WILBORN witness
Fréquemment cités
Page 6 - 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 6 - ... 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 purchases of such notes and obligations.
Page 6 - Interest on loans made under this section shall be at a rate not less than (i) 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 with remaining periods to maturity comparable to the average maturities of such loans adjusted to the nearest one-eighth of 1 per centum, plus (ii) an allowance adequate in the judgment of the Secretary of Transportation to cover administrative costs and...
Page 3 - States in collecting debts from bankrupt, insolvent, or decedents' estates; to 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 1 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled. That it is hereby declared to be the policy of the Congress that...
Page 7 - Loans under this section and section 5 shall not be made unless the Administrator finds and certifies that in his judgment the security therefor is reasonably adequate and such loan will be repaid within the time agreed.
Page 3 - Authority, its property, its franchise, capital, reserves, surplus, security holdings, and other funds, and its income shall be exempt from all taxation now or hereafter imposed by the United States or by any State or local taxing authority...
Page 4 - The Telephone Bank Board shall prescribe bylaws, not inconsistent with law, regulating the manner in which the telephone bank's business shall be conducted, its directors and officers elected, its stock issued, held, and disposed of, its property transferred, its bylaws amended, and the powers and privileges granted to it by law exercised and enjoyed.
Page 6 - The Corporation, including its franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof, or by any State, county, municipality, or local taxing authority...
Page 3 - Rico, or with any political subdivision thereof, or with any person, firm, association, or corporation ; to execute, in accordance with its bylaws, all instruments necessary or appropriate in the exercise of any of its powers...