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" 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 be exempt from Federal, State, municipal, and local taxation. "
Atmospheric Nitrogen; Operation of Muscle Shoals Nitrate Plants - Halaman 6
oleh United States. Congress. House. Committee on Military Affairs - 1920
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United States Reports: Cases Adjudged in the Supreme Court, Volume 308

United States. Supreme Court - 1940 - 894 halaman
...first mortgages executed to Federal Land Banks shall be deemed "instrumentalities of the Government of the United States, and as such they and the income...derived therefrom shall be exempt from Federal, State, municipal, and local taxation." 39 Stat. 360, 380. We held that the state tax, as distinguished from...
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Cases Decided in the Court of Claims of the United States, Volume 69

United States. Court of Claims - 1930 - 854 halaman
...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 be exempt from Federal, State, municipal, and local taxation." The farm-loan bonds are evidences of indebtedness of the joint-stock...
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The Central Law Journal, Volume 83

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

Ohio State Bar Association - 1916 - 294 halaman
...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 and the income...derived therefrom shall be exempt from Federal, State, municipal, and local taxation. "Nothing herein shall prevent the shares in any joint stock land bank...
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Money and Banking Illustrated by American History, Rev. and Continued to the ...

Horace White - 1911 - 576 halaman
...shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four, United States Revised...
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California Red Book: Hillyers̓ Legal Manual, 1914

Curtis Hillyer - 1914 - 1628 halaman
...Exemption from Taxation. — Federal reserve banks, including the capital stock and surplus therein, < z 7 | Yه Z : { WW ^ G ?9 { g ?~ O[ q } A ? = z 7 q except taxes upon real estate. § 8. Conversion of State Banks.— Section 5154, United States Revised...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 138 halaman
...shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four, United States Revised...
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The Operation of the New Bank Act

Thomas Conway (Jr.), Ernest Minor Patterson - 1914 - 448 halaman
...new law, which states that "Federal reserve banks, including the capital stock, and surplus therein, and the income derived therefrom, shall be exempt from Federal, State and local taxation, except taxes upon real estate." Will They Be Taxed? — Does this exemption include the tax upon circulation?...
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Money and Banking

John Thom Holdsworth - 1914 - 464 halaman
...shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein, and the income derived therefrom shall be exempt from Federal, State, and local taxation, except taxes upon real estate. 8EC. 8. Section fifty-one hundred and fifty-four. United States Revised...
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The Federal Reserve Act of 1913: History and Digest

Virginius Gilmore Iden - 1914 - 128 halaman
...shall be similarly applied. Federal reserve banks, including the capital stock and surplus therein and the income derived therefrom, shall be exempt from Federal, State, and local taxation, except taxes upon real estate. SEC. 8. Section fifty-one hundred and fifty-four, United States Revised...
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