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" Federal land banks, or to joint stock land banks, and farm loan bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they and the income derived therefrom shall... "
Creation of a System of Federal Home Loan Banks: Hearings Before a ... - Halaman 7
oleh United States. Congress. Senate. Committee on Banking and Currency - 1932 - 703 halaman
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United States Reports: Cases Adjudged in the Supreme Court, Volume 308

United States. Supreme Court - 1940 - 894 halaman
...provides that first mortgages executed to Federal Land Banks shall be deemed "instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." 39 Stat. 360, 380. We held that the state tax, as distinguished from a reasonable fee to meet the expenses...
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Cases Decided in the Court of Claims of the United States, Volume 107

United States. Court of Claims - 1947 - 806 halaman
...bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation." This Bank is organized under Section sixteen of the Federal Farm Loan Act, operates under the provisions...
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The Central Law Journal, Volume 83

1916 - 502 halaman
...and reserve or surplus therein and the income derived be deemed and held to be instrumentalitie." of the Government of the United States, and as such they...from federal, state, municipal, and local taxation. ''Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation...
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Reports ... Proceedings, Volume 37

Ohio State Bar Association - 1916 - 294 halaman
...loan bonds issued under the provision of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation. "Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation...
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Congressional Serial Set

1915 - 990 halaman
...eligible as security for the issue of farm loan bonds shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...derived therefrom shall be exempt from Federal, State, and local taxation. Farm loan bonds issued under the provisions of this act and the income derived...
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Land Credits: A Plea for the American Farmer

Dick Thompson Morgan - 1915 - 328 halaman
...eligible as security for the issue of farm loan bonds shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...derived therefrom shall be exempt from Federal, State, and local taxation." " Farm loan bonds issued under the provisions of this Act and the income derived...
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The Federal Farm Loan Act

United States - 1916 - 32 halaman
...bonds issued under the provisions of this Act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...from Federal, State, municipal, and local taxation. Nothing herein shall prevent the shares in any joint stock land bank from being included in the valuation...
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Congressional Serial Set, Masalah 7092

United States - 1916 - 60 halaman
...provisions of this Act, shall be deemed and held to be instrumentalities of the Government come therefrom. of the United States, and as such they and the income...from Federal, State, municipal, and local taxation. Nothing herein shall prevent the shares in any joint stock land shareholders in joint bank from being...
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Congressional Serial Set

1916 - 1420 halaman
...loan bonds issued under the provision of this act, shall be deemed and held to be instrumentalities of the Government of the United States, and as such they...shall be exempt from Federal, State, municipal, and lijcal taxation: Nothing herein shall prevent the shares in any joint stock land bank from being included...
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United States Congressional Serial Set, Masalah 6904

1916 - 1304 halaman
...Joint-stock land banks, under the provisions of this act, shall be deemed and held to be Instrumentalities of the Government of the United States, and as such they...derived therefrom shall be exempt from Federal, State, and local taxation. Farm loan bonds Issued under the provisions of this act and the Income derived...
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