Page:United States Statutes at Large Volume 39 Part 1.djvu/382

 SIXTY-FOURTH CONGRESS. Sess. I. Ch. 245. 1916. 361 during the recess of the Senate a commission shall be granted which shall expire at the end of the next session. The Federal Farm Loan Board shall appoint a farm loan r °strar F°'”*'°'*¤’°¤i$m’¤- in each land bank district to receive app cations for issues Z? farm loan bonds and to gggform such other services as are prescribed by _ this Act. It shall appoint one or more land bank appraisers for ,,;`3§§,’§‘s°” °“d °" each land bank district and as many land bank examiners as it shall Rowman on th deem necessary. Farni loan registrars, land bank appraisers, and employmeint. ° °r land bank examiners appointed under this section s all be public oflicials and shall, during their continuance in office, have no connec· . tion with or interest in any other institution, association, or partnership engaged in banking or in the business of making land mort e Pmm. loans or selling land mortgages: Provided, That this limitation ghagll °“‘*’“”“"` °“‘P'°Y` not lzpply to persons employed by the board temporarily to do special wor. The salaries and expenses of the Federal Farm Loan Board, and .$i“’"’°“‘*°‘°“l"‘°°· of farm loan r?trars and examiners authorized under this section, Ap mm shall be paid y the United States- Land bank appraisers shall P ` receive such compensation as the Federal Farm Loan Board fix, and shall be paid by the Federal land banks and the joint stock? land banks which the serve, in suclhprogortion and in such manner as the Federal Farm Kean Board sh or er. _,, The Federal Farm Loan  shall be authorized and empowered ,,,%f‘“"°"°°“ “““‘°" to employ such attomeys, experts, assistants, clerks, laborers, and other employees as it may deem :necessa.ry.to conduct the business of said board. All salaries and fees authorized in this section and not otherwise provided for shall be fixed in advance by said board and shall be paid in the same manner as the salaries of the Federal Farm Loan Board. All such attorneys, experts, assistants, clerks, laborers, ,,,.1`i.‘§§,§‘Q'§,*§f" *°°"'“ and other employees, and all registrars, examiners, and appraisers von. 22, p.403. shall be appointed without regiird to the provisions of the Act of January sixteenth eighteen undred an eighty-three (volume twenty-two, United States Statutes at Large, page four hundred and three), and amendments thereto, or any rule or rcglulation made in pursuance thereof : Provided, That nothingl herein s iall prevent the §,",,,,,'ff°;,,,,,,,,,,,,,,,,,,, resident from aplaci said emapfoyees in the classified service. ¤¤¤i¤·· Every Feder landgbank sh semiannually submit to the Federal R°*’°"° °'“'“"°°‘· Farm Loan Board a schedule showing the salaries or rates of compensation aid to its officers and em loyees. The Federal Farm Loan Boardp shall armuall make a full report of ’““"“°"°P‘“"· its operations to the Speaker of the House ofy Representatives, who shall cause the same to e printed for the information of the Congress. mmm, Q, mm The Federal Farm Loan Board shall from time to time require ¤¤¤- ' examinations and reports of condition of all land banks established lmder the provisions of this Act and shall publish consolidated state- Am,,,,,¤,,_,,, mm, ments of the results thereof. It shall cause to be made appra1sals_of ¤’¤¤- farm lands as rovided by this Act, and shall prgpare and pubhsh amortization tagles which shall be used by national arm loan associations and land banks organized under this Act. The Federal Farm Loan Board shall prescribe a form for the state- m§;,‘g;m’ ‘°' "°’”‘ ment of condition of national farm loan associations and land banks under its supervision, which shall be filled out quarterly by each such association or bank and transmitted to said board. _ _ _ It shall be the duty of the Federal Farm Loan Board to prepare from  fj  time to time bulletins setting forth the principal features o this Act ¤i¤¤*»¤- and through the Department of Agriculture or otherwise to distribute the same, particularly to the press, to agricultural jlpurnals, and to farmers’ organizations; to prepare and distribute in the same manner circulars setting forth the principles and advantagesof amortized farm loans and the protection aforded debtors under this Act, instructing