Farm Mortgage Relief, Hearing Before ..., 78-1 on H.R. 4590, H.R. 4795 (S. 1110), April 5 and 6, 1933, Parties 9 à 10 |
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Page 30
It would apply to either the Federals or Joints , but only the joint stocks are in receivership — 2 or 3 of them are in receivership . Mr. BOILEAU . Under section 6 , as I understand it , to be eligible for a loan , the farmer must buy ...
It would apply to either the Federals or Joints , but only the joint stocks are in receivership — 2 or 3 of them are in receivership . Mr. BOILEAU . Under section 6 , as I understand it , to be eligible for a loan , the farmer must buy ...
Page 34
I think , Mr. Chairman , without discussing the merits of the proposition , which would take some time , there seems to be this to be said on that point , that the practical result would be to place them in receivership .
I think , Mr. Chairman , without discussing the merits of the proposition , which would take some time , there seems to be this to be said on that point , that the practical result would be to place them in receivership .
Page 35
If they were compelled to accept the bonds , there would be nothing for most of the banks to do but go into receivership , unless they received outside help . They would have no way in which to meet their obligations if they were ...
If they were compelled to accept the bonds , there would be nothing for most of the banks to do but go into receivership , unless they received outside help . They would have no way in which to meet their obligations if they were ...
Page 50
It would force the joint land banks into immediate liquidation , receivership , which would result in no good to the bondholder , or the borrower , because receivership means pressure for payment , without opportunity for extension of ...
It would force the joint land banks into immediate liquidation , receivership , which would result in no good to the bondholder , or the borrower , because receivership means pressure for payment , without opportunity for extension of ...
Page 52
Just to make the situation clear , in the light of title I , which provides that the joint - stock land banks that are in receivership — that is in section 7 of title I , that a receiver can borrow from the Reconstruction Finance ...
Just to make the situation clear , in the light of title I , which provides that the joint - stock land banks that are in receivership — that is in section 7 of title I , that a receiver can borrow from the Reconstruction Finance ...
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Expressions et termes fréquents
able agreed Agriculture amended amount apply appraisal association authorized average basis BEAM believe benefit BESTOR better bill bondholders bonds borrower cent CHAIRMAN charge CLARKE committee cost course cover debt district effect Evans exceed fact Farm Loan Commissioner farmer Federal land bank FLANNAGAN FULMER further GILCHRIST give given GLOVER going Government held holders HOPE indebtedness individual interest issue joint joint-stock land banks KLEBERG less lien limit liquidation loss matter means meet MORGENTHAU mortgage MYERS obligations operate outstanding paid paragraph passed payment percent period PIERCE possible practical present principal provision question reason receiver receivership Reconstruction Finance Corporation reduce refinancing represent scale seems sell situation suggested thing tion understand United unless whole
Fréquemment cités
Page 7 - Treasury of the material so transferred. "(c) Effective whenever the Secretary of the Treasury shall cancel any notes pursuant to subsection (b) of this section, the amount of notes, debentures, bonds, or other such obligations which the Reconstruction Finance Corporation is authorized and...
Page 3 - Payments upon such subscription shall be subject to call in whole or in part by the board of directors of the Corporation.
Page 6 - Commissioner the sum of $200,000,000, or so much thereof as may be necessary, to be used for the purpose of making loans as hereinafter provided to any farmer, secured by a first or second mortgage upon the whole or any part of the farm property, real or personal, including crops, of the farmer.
Page 6 - Corporation not to exceed $500,000,000, in addition to the funds authorized under title I of the Emergency Relief and Construction Act of 1932, for expenditure under the provisions of this Act upon certification by the Federal Emergency Relief Administrator...
Page 39 - Every such mortgage shall contain an agreement providing for the repayment of the loan on an amortization plan by means of a fixed number of annual or semiannual installments...
Page 11 - Second. To invest such funds as may be in its possession in the purchase of qualified first mortgages on farm lands situated within the Federal land bank district within which it is organized or for which it is acting.
Page 5 - The board of directors of said association shall adopt a resolution authorizing and directing its secretarytreasurer on behalf of said association to endorse, and thereby become liable for the payment of, the mortgages taken from its charter members by the Federal land bank. When it shall appear to the satisfaction of the...
Page 21 - Treasury the amount so paid shall become an obligation to the United States of the issuing bank or banks and shall bear interest at the same rate as that borne by the bonds upon which the interest has been so paid. After the expiration of one year from the date this paragraph takes effect, if in the opinion of the Farm Loan Commissioner any part of the proceeds of the bonds authorized to be issued under this paragraph is not required for the purpose of making new loans or for purchasing mortgages...
Page 4 - Commissioner shall authorize said bank to make direct loans to borrowers secured by first mortgages on farm lands situated within any such locality or territory.
Page 11 - ... case the amount of the unpaid principal of the mortgage on the date of such purchase or exchange, or 50 per centum of the normal value of the land mortgaged and 20 per centum of the value of the permanent insured improvements thereon as determined upon an appraisal made pursuant to this Act, whichever is the smaller: Provided, That any mortgagor whose mortgage is acquired by a Federal land bank under this paragraph shall be entitled to have his farm-mortgage indebtedness refinanced in accordance...
Informations bibliographiques
| Titre | Farm Mortgage Relief, Hearing Before ..., 78-1 on H.R. 4590, H.R. 4795 (S. 1110), April 5 and 6, 1933, Parties 9 à 10 Farm Mortgage Relief, Hearing Before ..., 78-1 on H.R. 4590, H.R. 4795 (S. 1110), April 5 and 6, 1933, United States. Congress. House. Committee on Agriculture |
| Auteur | United States. Congress. House. Committee on Agriculture |
| Publié | 1933 |
| Longueur | 89 pages |
| Exporter la citation | BiBTeX EndNote RefMan |