Rural Telephone Supplemental Financing: Hearings Before ..., 91-1 on H.R. 7, H.R. 81,H.R. 4020, H.R. 4192, and H.R. 7872, February 19, 20, 21 , and March 13, 19691969 - 119 pages |
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Page 7
... Administrator of the Rural Electrification Administration by this title IV shall vest in the Telephone Bank Board , and may be exercised and performed through the Governor of the telephose bank , to be selected by the Telephone Bank ...
... Administrator of the Rural Electrification Administration by this title IV shall vest in the Telephone Bank Board , and may be exercised and performed through the Governor of the telephose bank , to be selected by the Telephone Bank ...
Page 32
... Administrator and offer- ing to pay it and he says ' No , I am sorry , I cannot make it more than 2 percent . ' " So , Mr. President , we think , " and now this is the association , " we think , Mr. President , that you should at the ...
... Administrator and offer- ing to pay it and he says ' No , I am sorry , I cannot make it more than 2 percent . ' " So , Mr. President , we think , " and now this is the association , " we think , Mr. President , that you should at the ...
Page 39
... Administrator or pay off his loan entirely . Now , this provision is addressed to a borrower . A borrower is nor- mally a corporation or a co - op . What an individual stockholder does with his stock there is no way really of ...
... Administrator or pay off his loan entirely . Now , this provision is addressed to a borrower . A borrower is nor- mally a corporation or a co - op . What an individual stockholder does with his stock there is no way really of ...
Page 40
... Administrator . So he has either got to pay it all or he has got to show the REA Administrator why he is continuing . Frankly , that was a Dole amendment put on in this committee by now Senator Dole . I think that is clearly what the ...
... Administrator . So he has either got to pay it all or he has got to show the REA Administrator why he is continuing . Frankly , that was a Dole amendment put on in this committee by now Senator Dole . I think that is clearly what the ...
Page 41
... Administrator of REA . Mr. BURLISON . Is not this a rather harsh provision for the individual owner who has not gone through the legal formalities of in- corporating ? The CHAIRMAN . Well , they made these loans with full notice of the ...
... Administrator of REA . Mr. BURLISON . Is not this a rather harsh provision for the individual owner who has not gone through the legal formalities of in- corporating ? The CHAIRMAN . Well , they made these loans with full notice of the ...
Expressions et termes fréquents
2-percent money 90th Congress ABERNETHY Admiral Mott amendment amount Arkansas bank loans BELCHER BURLISON CHAIRMAN Class A stock co-ops Congress Congressman corporation cost of money debentures directors Edison Electric Institute eight-party entities Farm Credit Farm Credit Administration farm credit system Federal Fullarton funds going GOODLING Government HAMIL HARRIS hearings independent telephone interest rate intermediate loan investment KLEPPE legislation loan applications LYNN O'Konski operation panies percent PETERSON Poage present President Public Service Commission question RARICK REA Administrator REA borrowers REA telephone borrowers REA telephone program represent rural America rural areas Rural Electrification Act Rural Electrification Administration rural telephone account Rural Telephone Bank rural telephone program rural telephone service rural telephone systems section 201 statement subscribers subsidy supplemental financing TEAGUE tele Telephone Bank Board telephone cooperatives telephone service testimony Thank tion Treasury United utilities vote ZWACH
Fréquemment cités
Page 7 - 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 7 - 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 4 - ... shall be guided by the policy of making payments not in excess of the taxes which would have been payable upon such property in the condition in which it was acquired.
Page 4 - 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 11 - Congress that adequate telephone service be made generally available in rural areas, through the improvement and expansion of existing telephone facilities and the construction and operation of such additional facilities as are required to assure the availability of adequate telephone service to the widest practicable number of rural users of such service.
Page 9 - Act of 1936, as amended, is repealed. (b) Section 201 of the Rural Electrification Act of 1936, as amended, is amended by inserting ", to public bodies now providing telephone service in rural areas", immediately after the word "areas...
Page 6 - Provided, That the minimum amount of class A stock that shall be retired each year after said date and after the amount of class A and class B stock issued totals $400,000,000, shall equal the amount of class B stock sold by the telephone bank during such year.
Page 5 - 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. (h...
Page 48 - The CHAIRMAN. Are there any other questions? If not we are very much obliged to you, Doctor.
Page 6 - ... consist of capital subscribed by the United States, by borrowers from the telephone bank, by corporations and public bodies eligible to become borrowers from the telephone bank, and by organizations controlled by such borrowers, corporations, and public bodies. Beginning with the fiscal year...