...supra. Congress has not only the power to create a corporation to facilitate the performance of govby any State, county, municipality, or local taxing authority....reserves and surplus, and its loans and income, shall, like wise be exempt from such taxation; except that any real property of the Corporation shall be subject...

...(except estate and inheritance taxes, and surtaxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof,...State, county, municipality, or local taxing authority. (b) Such bonds shall be first offered at not less than par, as a popular loan, under such regulations...

...from taxation The Institute, including its franchise and income, shall be exempt from taxation now or hereafter imposed by the United States, or any...State, county, municipality, or local taxing authority. Aug. 5, 1947, c. 498, § 10, 61 Stat. 783. § 281j. Right to repeal, etc., reserved; savings clause...

...conferred by this chapter. Feb. 16, 1938, 3 pm, c. 30, Title V, § 510, 52 Stat. 75. § 1511. Tax exemption The Corporation, including its franchise, its capital, reserves, and surplus, and its income and property, shall be exempt from all taxation now or hereafter imposed by the United States...

...and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof,...State, county, municipality, or local taxing authority: except that any real property of the bank shall he subject to State. Territorial, county, municipal,...

...texcept surtaxes, estate, inheritance, and eift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof,...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,...

...both us to principal and interest, from all taxation now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof,...franchise, its capital, reserves, and surplus, and its income, shall be exempt from all taxation now or hereafter imi^sed by the United States, by any Territory,...

...both as to principal and interest, from all taxation now or hereafter imposed by the United States, by any Territory. dependency, or possession thereof,...corporation, including its franchise, its capital, reserves, ami .surplus, and its income, shall be exempt from all taxation now or bei'eafU"tai -os«! by the Unite«!...

...(except surtaxes, estate, inheritance, and gift taxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof,...State, county, municipality, or local taxing authority; except that any real property of the corporation shall be subject to State, Territorial, county, municipal,...

...estate, gift, and inheritance taxes, and surtaxes) now or hereafter imposed by the United States, by any Territory, dependency, or possession thereof,...State, county, municipality, or local taxing authority. (b) Such bonds shall be first offered at not less than par, as a popular loan, under such regulations...