Evening star. [volume] (Washington, D.C.) 1854-1972, 1929-04-15

bklOk1zEQ 10 DC dQpIVpkAMtCu tAAC cuul Va
$500 600. 900, which shall be made
ayaiiable by the CONGRESS- as soon Is
practicable after the approval, Of this
act. and shall constitute q revolving
Tund to be administered by the board
The board Is: authorized to make loans
and ADVANCES from the revolving fund
as hereinafter provided. All such loans
and advances shall hear interest at 8
rate to be fixed by the board. Repay-
rnentE Of nrincinal uuon anv loan or
advance sI,alI he covered into fine re-
volvinr fund PAYMENTS Of interest
,,,,or snv ioan Or advance. shaII he cf,y-
ered into tI1e Treas,,rv of the United
states NJ nieceiianeo1s receints. - -.
RuIes Governing Loans.
(B) upon appication by any Coop
erative association the board Is au-
thorized TO make loans TO 1t from the
revolving lund 10 assist In ~ the
effective merchandising OF agricultural
commodities ana 1000 producfS Inereoi,
I'D the construction or acquisltlon py
purchase or lease OF storage or other
physical marketing faculties Tor sucn
commodities ana proouctS; 80 the ioF-
nation OF clearing mouse ASSOCIATIONS
IS hereinafter described, anu S4) ex-
Cenomg the membership OF tne CO.
operative association applying Tor the
loan by educating the producers OF the
commodity handled by the association
IN the advantages OF co-operalye mar
shall be made under this subdivision
unless IN the opinion o. the noaro, Inc
ioan IN .IuItnefsnce cl tne pomCs
uecaaIco IA Sccs1on , a..1 ~. ~ 80
ave asSociation app'yans !Ol ae ms.s
nas an oiken.za,,s,son aHu ,nN aHsract.s
s.iu - Du ;n', t ~. rs. sn,.Sia ssfstv IF
s as " M,su a.s,. ~. ~. v,,rtr.rsrc. ~ s,,ch
, .a.T ,o"A ear. Tor ths corstr,,cfion ar
e sss,,iy.,t,1,, hv ,,,ychass Ar lease az
ctcrava ~ other nhvSical noarketine
,s.,i,tt.. .h.ii he s,,hisct r. the follow.
;nc sdditinral Limitations:
1,I M s,,ch loan for the co1str1ic.
+,o,, ~ r,,rchase ~ s,,ch facilities shall
~ r,ade 4, an Amount in excess of 30
~, ~ cent ce,,t,,r, ~ the value Of the facili-
tiss to- he constructed or purchased.
1Sl No loan for the purchase or lease
Of s,,cf Faculties shall be made unless
the board finds that the purchase price
ar rent to, be paid is reasonable. ~ g.
(aI No loan for the construction or
purchase or lease Of such facilities shaA
be made unless the cooperative aSao-
citation demonstrates to the satisfac-
ton of the board that there are not
available for its use at reasonable rates
EXISTING suitable storage or other physi-
cal marketing facilities. -s.
.s.s
Amortixation fiAn FfV''o"'
fn Toans for the construction or
x,,x..a.s ~ s,,ch facilities, together
LIN pWstt, t,,s interest thereon. shall be re-
VII . -. ~, srccrf,zatior, rIan over
pa.u S e.. 4, eyces~ NJ % wears. All
;sI ps.1" ,..S Az this smi,division shall be
. .Oa1.o 4arr.. ,,arsirhefore snecified and
. upon .,,a,, .sc,,r;tv and other terms not
:Is S.tm +harswith AZ the board
Ha....s ,nscssrarv
1o1 ~ IInon snnlieation of any CO.
~. ,;vo sssoc;at;on handing an aari-
oip,,.,,ra, COM rooditv or at uroducers Of
an agricultural commodity. the ooaro Is
authorized, II ~ oeems sucn e ss ~. non,
or producers ISPIese s.;,, "a e-c ~ H
monty; 10 GSslSS Al so o,,sn s.psoe;st;cns
controiieo cesIns n .u .so.ro;c de
adapted 10 enectins I,,e eSo nos,.,.o,,;;ty
tripuGion OF tne asLcui.u . - ~ 49,
among the various HlalASe AN Az ~ ~.
imizlng waste anu ioSs u, IL LIZ. l ass ~
ing OF the commOolsy: - SUI $3.50 ..,;;I
ance, IN the opinion Oh tne ponIu' WI
be In 1urtnelance Oh ING PonCy
clared IN secton l. Sucn CieaLAs nSos p
aSsoc1auonS are auenof . azeu ~ -
unoer ruies aoopSsu oy .1e .a,rnvaa re
operative aSsoc,aslon S StiS Xxx. ~ .rS
the noaro. n1epenue.s u ssann... IA. ". ~
nannlers, otS . III :. pco-os,srst;ya
the commonly, AS wsn ~, e eor.ro ~I
asSociations , nsn ~ s .e =, rs
snan oe snelDae los nG ssais ~ az az
CIeaflD6 mouse dSSOClatlOu SAAoAA VIC &P-
proved py = commtVee % pou S a.
which, IN the OPINION oi .ne u, -. =
repreSen1auve Oh ue co. mn. c,s.ranc
PROVIDED 1urtneE IaaE pull ....Sas
mouse essociasion s.iau =. ,,,sv he
sucn ruiSs anu tseua..S T;,. 10
prescribed Dy LnS Uo az - ",u
may provlae ioI Ile aes.SSl.us " '
sucn clearing house aSSoClA'ioN'
Tusnrance Provision.
"a w. ,s q. .,,+,,or,,aS ,,non
lol Inc OOa.u 40 ~aSrat;~a ssso-
app 9;a OLA "a y. tts .Svisarv conomoditv
$1,000. ..;tt. aT for +hS cononno3itv to enter
into agreements, subject to the cond1-
LIONS nerelnatSel spc at,u r essoc;s .
t Su.ane w Ios. .tTro,,cI, mice decline
III tne asLlcu.4taI So ..rSa,,.aS ~,
ny tne aseoclatlo1s @1u p1OSa N,.ts
tne mem0eIs IneTe4 st o ov,i,, 4, ths
snan DC snveseI mI0 " 11H .as.r... We e
opal.om ~ .is 49,, ,ss,v.t. sosrciss A.
nos .asHuar.c a.V1 1oI Az ;,,.1y.ycs u,;Il
l u =. 1.'.4nnx. w. - ~. roiicv a.
n - ~ =. Lul sust;n a,S "a, tbs sori.
CtSI l Az ooSsoM ...,vs,,.,,., 80
eulsuraI co.nlou..y , 70 ree& S,,tssssn1
Ia UPON an 49, Ilase - az, Ss.,s
yo.une 80 ss.sD ,t ,ass ~ ~ c SH1.e
pssc s;. avr ..ie ass cSarSs ,, va -
,ar o'y 1870. nau su far AZ cos"r,oitv cccsre
s.. $500 - 49, ~ s,sf1Sc;e,;t I"ncth
+,s 800 = 1.' =. Sosis n ceicmisfe fhs
r;.r -" ana Az hts nrSrainr, fro the In
. 80 -" nj. s.vea,,,.,,t sl,eI, reo,sir.
Su,a - S aS,vs.i Ga 49, 49, eva shaN
Ha .,,,Sa ., ~ ot,,Nr tsrr,. .s the t,oard
..s,u.e ou S0 1scSars d. ~ v.vclv-
9eeM s neVeSssy' n1o nS:s, ~ - ,,ss.t
as ~ a tsa... may MAJ, r .rv s,,c, irs,rance
ou,.s,.t. S,,t .h.m .s Soo, a. mae.
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