Page:United States Statutes at Large Volume 44 Part 1.djvu/335

 331 ? TITLE 13.-—-·BAN4 {$»§&4_·&e of the Comptmuer d' the Currency. Any vawucy in the it ard shall be ·¤i;ed by xzppcxiument by the remaming directors, mx any dircctér sa a t imed shall hom his place until the QM; electieims tibia!. 4, 19%, c. W, Title II, *1202, 42 Stat. H;’;;I)2. Aéditiwal paver: mder regulation af CéQptmllcr.¢—— §\,,¤—.·¤·, under such mm and regulations as me Gqmptmllgr at gw <?u{·res»cy‘may prescribe- ‘ · _· - __ {1) To make advances upon, to discount, rediscount, or purigtwe, and to sell lor negotiate, with 01·`w§t»hm1t‘its indqme- ur or guaranty, mms, drafts, or bills. ct exchange, ‘and` to §m.,.pt drafts or `bmé of exchange, whiéh-- B ‘ wx) Are issued or ·drawu fqr dn agricultural purpose, or the mnt} pl1l‘f>0S€`§ { l _` __ _ _ t ._ im Have a ¤.éatur!ty,_at_tl;e time of discmmt, purchasg, pr gm_'·;»raa1t·e, not exceeding nine mmgthsg and · . _` ‘ ` ‘* uw Are secured nt the  of discodpt, purchase, or acceptm§··t· by v.·arehouse recc·ipts  or wither like documents mnveying it socurhng dug ca ¤b¤p¤r1Smb1e‘ and maany mgrietgble agu- §·az§zurnl.pr¢»duct$, or by ·ch&ttel`mQrt8'¤ges cr other liké"iustr*¤i malts conferring a_ §i·st km}- paramcudt. lieu upon livestock wiela is being fatteaéd for market. _ _     _ l ,12) To make advanceé qpori or to disc01mt,·rcdisc0unt, or Qymu or guaranty, ¤0tcs—geéui·ed‘· by chgttérmo;·tgages~c0ntcrrim':1 tirst and paramount lieu uptru maturing or breedfugttlivcgmt}; ar dairy”herds,_ and lxaviug a maturity gt the time Yot Qéimnunt, redisccunt, QI purchase hist cxceedingvthreetvyezirs. · {3) Tc·$ubscribe` for, gcquire, cwh, buy, sell, and otherwise _ tml in Treasury certmcatcs .6t indebtedness, bonds .01- other aiirvctnrs maj determine. . I _ ?‘  · A 44) To act, when requested by the S9c1{ctary» of the Treasury, z» iismi ageht of the United States, and to f>éri0rm\ such >··¤·vi<·e·s_ as the S·cc1§etary_ ot the Trmsury may- require in can- ‘ m···zi·m with thqzissue, sale; redeamtion or repurq/hhsg 91 bonds, ' n··1{·¤s, Treasury eértiiicateé `cf iudebtedn}-aw,. 0: 0thé1i___0b;ig~&· ._,1i·»m~. ct the,U¤lted Stu$&£ .   ~r . ~_ ~    (5} Tg: pmchaisé, hold, icquire,”a¤d°di  Qi shams qt the <·api:;3i  qt ju; corporation organised under the provititms ctsectioai IEI of this chapter, in an amount not to exceed at my time .20 per cmtqm d Rs p•i•:\·ln and unimmimd _ czmiiai and Stidlw. ‘ ` °_ ° I. ‘ _ l6}· Te  hold,   ccmvey ih! estate fd: the folttminz ?¤rp¤¤•e¤,- and td: no others: “_ -_ _. (A} Such idshall M _¤ee.&i‘y for its accommodation in the ta·z11m&£tia¤ biiti blaiacsgt - a _ t ‘ " ' i {B). Such aslhhll be mcrtgaged té itlin good-faith by lway ¤f sméurity mr dma pnjcvlbmiy ‘  Q _ _ . (C) Such as shall be conveyed to it in satisfaction ·cf°l¤ans cr advances made qt nba previously cwtractéd in the cohifsa cfitsdwliw.-] °, . U. Q. " - (U) Sash _•s it shall p¤r&ué at aiu under judgnents, dc— crew, m- murtgagu held by th: ¥étio¤‘ or nmli mrmsm to secure ;1%·due to it. . . Q. · · ·l7-)¤Tc gct-u_.@dian, £1’l£&,,6i' agent for-holderani notég, dxatts, ar bills bt cmhmge sold or Jicgotinted under mmgmpm (1) and (2) at subdivision (a) of this mation, cx umkzx sectigms.1@_1\¤d , · .-   . _ _    {S) Ta issmé, t•¤bj§ct to such regulntwm iQ LM Gomptmllezr ot. the —Gm·m¤ c1 my prescribe, ·m1 i¤tml twat mum mi de» beatum witl; n maturity nm €1 iB§AthP86 mérs, and to Diwze as security tqr such, pétg or debehturg my nom qmtm, bills ci éxchnnge, or other secmitks held bi the cprpomtipa tmd¤·.the terms ofthis  The rmulntiozas of the Ucmptratler of the Cprreucy may ib¤ the {dim "0t note! 862 ?0°——·—26·-·-——2r ` ‘
 * —;m Nhtimmr `Agricuituml Credit Ocrpomticm ~shgl1 have
 * ¤·t·t·éé<l States to such extéxxths its board of

ccs Are eezvxtyo § 1282 or debentures, and ot notm, drafts, bills of exchange, warehouse receipts, drattel mortgagw, er} other instruments which may be pledged ae security theretergthe prevlglons which- may be made -with rwerd to release, substitution, or exchange ot such seeuritiee, and with rmrd te preteetien, supervision, ieepxtiee, and ·reinspection of the agricultural commodities of liveeteek I pledged er mortgaged as. security therefor. (Mer, 14, 1923, c. 252{Title II, { 203,.42 Stat. 1462.) l o DEBENTURBIS AND OTHER OBLIGATIONS; LIABILITY; ` ‘ ,$ECUBI'I*Y ‘ · 1181. Liabiliti of United Statq {er debentures w ether obligadons "bsucd byj awk tio¤s.-—-The United States _ Government shall aséume ee liability, direct er indirect, fer any debentures or other obligetiene   under this ehepter, and ell such aeuepmr and other obligetioml shell eeeteie, conspieueus and appropriate leeguege, me   prweribm ie term  and substance by   Cometroller "ef tlie Currency ged epproyved by the Secretary et the 'Preasery, clearly lndiwtieg d that '110‘é\1é].l liability is assumed. (Mer. 4, 19Z3,‘e. %2, Title ‘ 11,1203,-42.Btat; 1462;) __ * ·, · · - 1182. Additiemtl  security for ebligathes.-4my obligation referred te in m@p¤q (1) er (2) of  1172, wurqms swarm by chanel mrtreee e1§<>¤’nv@wn or ee ` related market value at least equel te. the face ameent of meh ` obligation, imay  additionally seceréd by__ mqftxege of deed of trust upon reel mtatei or by ether securitim, imder seek: ·regu1_atier1s ELS may be made by. the Cfemptroller of the Currency. ` (Mar. {1, 1923, c. 252, Title 1I,°§ 293,; 42 Stat. Mw.) i '. · . _ { ’ _ }_ ·, LIETATIONS t 1191. Restrictions ora. nmeaet. of mdebtedness ned ea née " venea, jetc., to single    is Evxek re-` btricted.-¢-·-Except as hereinafter previded ieseetion 122 of this chapter, no Natie§11aI“Agric¤1tpre1 Credit Cerperetiem  liabllitiesywliether direct or cemtingerxt; ze exeeee of ten times its paid in end lmiimpeired capital eed ‘ eerples; nor shall any such corporation make adirahcee te `er held rletw or other direct obligations `ot any person or eerperstiea, er" have eu; standing ac&ptaecm_ for any persee or eemeration, ln an; ‘ amount exceeding ·m  centum ot_ tbe. pete in end unim- _puired _·_mbitzg1,·aL¤d surplus off such _ cerperatitm, unlwe such 'ndvances, new; eeceptances, er V other "eblimtiens are ade- · iquately secured by warehouse receipte represehting rudily _ muketabke. and neneeriahable a.:rie¤1turel,`ee _  ities, ie l which evwt, theemetmt of smh advaeew te, er uetm or other direct obligations ef, er •.cceptn¤c@ fer, etree one Yperson, association, or cerperettoxl shall not  50 per eehtum ot mm we In me wmpexree capital me were- ne  eerperntion °sl1all ppr®sse,._ owe, or d@I in any livestock except llvedteek   in the course oi uquteeeon ot oblige, . tions-held by lt. (Mir. 4,1 1923,Jc. 252, Title II, 5 204,‘_42 Stat, 1464.) _ · —· ‘ J   INTEREST RATES W ~ 1291. Chdrges en leans nag dis¢e¤¤te.—y——Ai;y National Agri- r -c¤ltt1ra,I Credit Corporation may charge ee ehy teen or discount ’ made. cr‘ uboe any note, bill _0! excmmge, or other evidence l of debt, interxt at the inte ellewed by the laws ot the State . lin whieli such corporation is located. (Mer. 4, 1923, `o. 252, e Title II, S $, 42 Stat. 1464.) ~· ‘ .. . ‘ e 1202. E;§ctieg` anlurftil interest.-—-—Tbe taking, receiving. rex serving, or chgrging —e rate of interest greater tlum is allowed) l by the preceding section, whe¤._lmewiugly'_de:re, shell be deemed A forfeiture of the entire lnterwt whielrthe note, bill, or other · evldeéeeot debt eerriee with it br which has beenagreed to be ‘ ». mid thereon. In_ cam the greater rete or lnterest·lms been r _ paid, the bersoxi by whom it has been paid, er his legul`repre·,