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able additional adequate Administrator Agriculture amended amount annual application Appropriations areas Association authority average believe bill Board borrowers capital Chairman co-ops committee concerned Congress construction consumers continue cost customers determine distribution effect electric bank electric power electric service electrification established existing facilities fact farm Federal financing funds future give going Government hearings higher House increase industry interest investment investor-owned legislation limited lines loans meet mile million necessary objectives obtain operation paid percent period PERSON plant Poage power companies present President proposed purchase question reasonable received record represent requirements result rural areas rural electric cooperatives rural electric systems Secretary serve sources statement supplemental financing supply Telephone Bank Thank tion transmission Treasury United utility
Page 639 - Farmers', fruit growers', or like associations organized and operated on a cooperative basis (a) for the purpose of marketing the products of members or other producers, and turning back to them the proceeds of sales, less the necessary marketing expenses, on the basis of either the quantity or the value of the products furnished by them, or...
Page 24 - 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 31 - 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 639 - Farmers' or other mutual hail, cyclone, or fire insurance companies, mutual ditch or irrigation companies, mutual or co-operative telephone companies, or like organizations of a purely local character, the income of which consists solely of assessments, dues, and fees collected from members for the sole purpose of meeting its expenses.
Page 103 - MANAGER, NATIONAL RURAL ELECTRIC COOPERATIVE ASSOCIATION Mr. Chairman and gentlemen of the committee, my name is Clyde T. Ellis.
Page 55 - ... or more of the income consists of amounts collected from members for the sole purpose of making such payments and meeting expenses: (17) Teachers' retirement fund associations of a purely local character.
Page 709 - States, for the purpose of financing the construction and operation of generating plants, electric transmission and distribution lines or systems for the furnishing of electric energy to persons in rural areas who are not receiving central station service...
Page 15 - 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 182 - Alabama Power Company, Georgia Power Company, Gulf Power Company and Mississippi Power Company. Together these four operating companies are informally referred to as the "Southern electric system...
Page 639 - Benevolent life insurance associations of a purely local character, mutual ditch or irrigation' companies, mutual or cooperative telephone companies, or like organizations; but only if 85 per centum or more of the income consists of amounts collected from members for the sole purpose of meeting losses and expenses; (11) Farmers...