land bank examiners; appointment; connection with banking, etc., institutions prohibited.

(8) Salaries of Federal Farm Loan Board, farm loan registrars and land bank examiners payable by United States; compensation of land bank appraisers.

(9) Attorneys, experts, etc., for Federal Farm Loan Board; employment; salaries and fees.

(10) Semiannual statements of federal land banks of salaries paid officers and employés.

(11) Annual report of Federal Farm Loan Board.

(12) Examinations and reports of condition of federal land banks; statements

Sec.

of results thereof; appraisals of farm land; amortization tables.

(13) Statements of condition of national farm loan associations and federal land banks.

(14) Bulletins and circulars; contents and distribution; payment for from organization fund.

FEDERAL LAND BANKS

9835bb. (1) Federal land bank districts; boundaries.

(2) Establishment of federal
land banks; titles of
banks; branches.
(3) Temporary directors;

number; qualifications;
bonds; compensation;
president; vice-presi-
dent, secretary, and
treasurer; employment
of attorneys, etc.; com-
pensation.

(4) Contents of organization certificates.

(a) Name of bank.

(b) District of operations, and city of location.

(c) Amount of capital stock and number

of shares; increase of capital stock.

(d) Purpose of making of certificate; acknowledgment and recording.

(5) Changes in organization
certificate.

(6) Time of commencement
of corporate exist-
ence of federal
land banks; pow-
ers enumerated.
(a) Corporate seal.
(b) Corporate succes-
sion.

(c) Contracts.

(d) Suits by and against. (e) Election, etc., of directors, president, etc.

(f) By-laws.

(g) Incidental powers.

(7) Time of election of directors, etc., of federal land banks.

(8) Directors of federal land banks; number and qualifications; local directors and district directors; election and appointment.

(9) Local directors; notice to national farm loan associations of elections; lists of candidates by farm loan associations.

(10) Local directors; selection by farm loan associations of names from lists of candidates. (11) District directors; appointment; terms of office.

(12) Local directors; designation of terms of office; vacancies in board of directors.

(13) Qualifications of direc

(2) Directors; election; terms of office; secretarytreasurer; president; vice-president; loan

committee.

(3) Compensation and qualifications of directors, etc. (4) Secretary-treasurer; powers and duties; bond; reports.

(5) Expenses

of secretarytreasurer, etc., of national farm loan associations; payment.

(6) Number of incorporators; mode of organization; number of directors; secretary and treasurer of secretary-treasurer. (7) Articles of association; report and affidavit accompanying; contents.

(8) Investigation of solvency, etc., of applicants for incorporation; grant or refusal of charter. (9) Grant or refusal of charter. (10) Loans

to associations from federal land banks; right to.

(11) Loans to members of association; subscriptions to capital stock of federal land banks; holding stock subscribed as collateral security for loan; retirement of stock subscribed.

(12) Reduction of capital stock of federal land banks.

CAPITAL STOCK OF NATIONAL FARM LOAN ASSOCIATIONS 9835dd. (1) Par value of shares. (2) Voting stock. (3) Borrowers only to be members or shareholders of national farm loan associations; application for membership; amount of stock to be held by borrower; stock held as collateral security by association for loan; retirement of

stock.

(4) Increase of capital stock.

NATIONAL FARM LOAN ASSOCIA

TIONS-SPECIAL PROVISIONS

9835e. (1) Right of members to loans. (2) Loans by federal land bank to members of national farm loan associations to pay for shares subscribed to in association; payment.

(3) Commissions

contents; signature to;

copies for federal land banks.

on interest payments on loans; amount; deduction from dividends payable to as

RESTRICTIONS ON LOANS BASED ON FIRST MORTGAGES 9835ff. (1) Restrictions on loans enumerated.

(a) Security by first mortgage.

(b) Agreement in mortgage for repayment on amortization plan. (c) Maximum interest rate. (d) Purposes of loans enumerated.

(e) Limitation on amount of loans; basis of appraisal; reappraisal. (f) Persons to whom loans may be made; sale of mortgaged lands; death of mortgagor. (g) Maximum of loans to one borrower; minimum of loans.

(h) Form of applications

for loans.

POWERS OF FEDERAL LAND
BANKS

9835g. Enumerated powers.

(a) Issuing and selling farm loan bonds.

(b) Investing funds in farm
first mortgages.

(c) Receiving and depositing
with farm loan registrar
farm first mortgages as
collateral security for
farm loan bonds; collect-
ing, etc., dues, interest,
etc., payable under mort-
gages and bonds.
(d) Acquiring and disposing of
property.

(e) Depositing securities and
funds with federal re-
serve banks.

(f) Receiving deposits from na-
tional farm loan associa-
tions.

(g) Borrowing money.
(h) Buying and selling United
States bonds.

(i) Charging fees for loans.