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pursuant to section 29 of the Federal Farm Loan Act (39 Stat. 381; 12 U.S.C. 961–967, and Sup.) of any receiver of any joint stock land bank appointed under the provisions of said section 29.

Authorization is given, severally and not jointly, to P. L. Gaddis, W. J. McAnelly, and W. E. Rhea, Deputy Land Bank Commissioners, to approve (on such terms as any one of said Deputy Land Bank Commissioners shall direct) the acts pursuant to section 29 of the Federal Farm Loan Act (39 Stat. 381; 12 U.S.C. 961-967, and Sup.) of any receiver of any joint stock land bank appointed under the provisions of said section 29. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 110, Oct. 5, 1935]

3.8 Approval of acts of receivers of joint stock land banks by Chief of Joint Stock Land Bank Section. R. C. Engberg, Chief, Joint Stock Land Bank Section, is authorized to approve, on such terms as he shall direct, the acts pursuant to section 29 of the Federal Farm Loan Act (39 Stat. 381; 12 U.S.C. 961-967, and Sup.) of any receiver of any joint stock land bank appointed under the provisions of said section 29 in the event that Deputy Commissioner W. E. Rhea is absent or unable, for any reason, to exercise the authority vested in him. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 132, Apr. 28, 1936]

3.9 Authorization to hold title to real estate for a longer period than five years. Authorization is given, severally and not jointly, to W. J. McAnelly, Deputy Land Bank Commissioner, Carl "Colvin, Assistant Deputy Land Bank Commissioner, James B. Davis, Chief, Real Estate and Collection Section, and Barney Schneckloth, Assistant Chief, Real Estate and Collection Section, to authorize (on such terms as any one of them shall direct) the Federal land banks and joint stock land banks to hold title and possession of real estate for a period longer than five years pursuant to paragraph Fourth (b) of section 13 of the Federal Farm Loan Act (39 Stat. 372; 12 U.S.C. 781 "Fourth"), as amended. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 153, July 27, 1936]

3.10 Authorization for joint stock land banks to hold title to real estate for a longer period than five years. Authorization is given, severally and not jointly, to W. E. Rhea, Deputy Land Bank Commissioner, and R. C. Engberg, Chief, Joint Stock Land Bank Section, to authorize (on such terms as either of them shall direct) the joint stock land banks to hold title and possession of real estate for a period longer than five years pursuant to paragraph Fourth (b) of section 13 of the Federal Farm Loan Act (39 Stat. 372; 12 U.S.C. 781 "Fourth"), as amended. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 160, Aug. 11, 1936]

3.11 Authority to grant charters and amendments to charters of national farm loan associations. Authorization is given, severally and not jointly, to each Deputy Land Bank Commissioner, to grant, on such terms as any one of them shall direct, charters and amendments to charters of national farm loan associations. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 157, July 28, 1936]

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3.12 Approval of loans by the Federal land banks in excess of $25,000. Authorization is given, severally and not jointly, to P. L. Gaddis, Deputy Land Bank Commissioner, W. J. McAnelly, Deputy Land Bank Commissioner, and John A. Smith, Chief Reviewing Appraiser, to approve loans by the Federal land banks in excess of $25,000, pursuant to paragraph Seventh of section 12 of the Federal Farm Loan Act (39 Stat. 370; 12 U.S.C. 771 “Seventh"). (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 154, July 27, 1936]

3.13 Approval of loans by the Federal land banks to livestock corporations. Authorization is given, severally and not jointly, to P. L. Gaddis, Deputy Land Bank Commissioner, W. J. McAnelly, Deputy Land Bank Commissioner, and John A. Smith, Chief Reviewing Appraiser, to permit, pursuant to section 12 “Sixth” of the Federal Farm Loan Act, as amended by section 18 of the Farm Credit Act of 1935 (39 Stat. 370, 49 Stat. 319; 12 U.S.C. 771 "Sixth" and Sup:), loans by the Federal land banks to corporations engaged in the raising of livestock where not all the stock of the corporation is owned by individuals themselves personally actually engaged in the raising of livestock on the farm to be mortgaged as security for the loan, but at least 75 per centum in value and number of shares of the stock of the corporation is owned by the individuals personally actually so engaged. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) (FCA Order 155, July 27, 1936]

3.14 Approval of Land Bank Commissioner loans to livestock corporations. Authorization is given, severally and not jointly, to P. L. Gaddis, Deputy Land Bank Commissioner, W. J. McAnelly, Deputy Land Bank Commissioner, and John A. Smith, Chief Reviewing Appraiser, to permit, pursuant to section 32 of the Emergency Farm Mortgage Act of 1933, as amended by section 2 (c) of the Farm Credit Act of 1935 (48 Stat. 48, 49 Stat. 313; 12 U.Þ.C. 1016 (f) and Sup.), loans by the Land Bank Commissioner to corporations engaged in the raising of livestock where not all the stock of the corporation is owned by individuals themselves personally actually engaged in the raising of livestock on the land to be mortgaged as security for the loan, but at least 75 per centum in value and number of shares of the stock of the corporation is owned by the individuals personally actually so engaged. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) (FCA Order 156, July 27, 1936]

3.15 Authority of Deputy Land Bank Commissioners to approve retirement of capital stock of Federal land banks. Authorization is given, severally and not jointly, to each Deputy Land Bank Commissioner to approve, on such terms as any one of them shall direct, the retirement of the capital stock of Federal land banks pursuant to the provisions of section 7 of the Federal Farm Loan Act (39 Stat. 365; 12 U.S.C. 721). (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 193, July 17, 1937]

3.16 Authorization of Deputy Land Bank Commissioners to sign certificates of authority. Authorization is given, severally and not jointly, to each Deputy Land Bank Commissioner to sign certificates authorizing Federal land banks to make loans to applicants

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through national farm loan associations under the provisions of section 25 (b) of the Farm Credit Act of 1937 (50 Stat. 711; 12 U.S.C., Sup., 724), and authorizing and empowering said associations to do all things provided for by, and in accordance with the provisions of, said section 25 (b). (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1(m)) [FCA Order 207, Jan. 24, 1938]

3.30 Functions, powers, authority, and duties of Intermediate Credit Commissioner. The Intermediate Credit Commissioner shall, subject to jurisdiction and control of the Farm Credit Administration, execute and perform all functions, powers, authority, and duties relative to intermediate credit and to matters incidental thereto, and to the administration of the provisions of law relative to Federal intermediate credit banks, inclusive of the functions, powers, authority, and duties previously vested in or conferred upon the Federal Farm Loan Board and/or the Farm Loan Commissioner under the provisions of law relative thereto. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m). Sec. 80 (b), 48 Stat. 273; 12 U.S.C. 638 (b)) [FCA Order 8, June 16, 1933]

3.31 Authority, and order of precedence, of Deputy Intermediate Credit Commissioners and Assistant Intermediate Credit Commissioner to act as Intermediate Credit Commissioner. John T. Walker, Jr., Deputy Intermediate Credit Commissioner, is hereby authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Intermediate Credit Commissioner, in the event that the Intermediate Credit Commissioner is unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Arthur C. Sullivan, Deputy Intermediate Credit Commissioner, is hereby authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Intermediate Credit Commissioner, in the event that the Intermediate Credit Commissioner and Deputy Intermediate Credit Commissioner John T. Walker, Jr., are unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Martin H. Uelsmann, Assistant Intermediate Credit Commissioner, is hereby authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Intermediate Credit Commissioner in the event that the Intermediate Credit Commissioner, Deputy Intermediate Credit Commissioner John T. Walker, Jr., and Deputy Intermediate Credit Commissioner Arthur C. Sullivan are unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 133, Apr. 28, 1936]

3.40 Functions, powers, authority, and duties of Production Credit Commissioner. The Production Credit Commissioner shall, subject to the jurisdiction and control of the Governor of the Farm Credit Administration, execute and perform all functions, powers, authority, and duties relative to production credit and to matters incidental thereto, and to the administration of the provisions of law

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relative to production credit corporations and production credit associations. "(E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m). Sec. 80 (b), 48 Stat. 273; 12 U.S.C. 638 (b))' [FCA Order 40, Nar. 9, 1934]

Mar. 3.41 Authority of Deputy Production Credit Commissioner, Assistant Deputy Commissioners, and Assistant Production Credit Commissioner to act as Commissioner. C. R. Arnold, Deputy Production Credit Commissioner, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Production Credit Commissioner in the event that the Commissioner is unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

K. L. Scott, Assistant Deputy Commissioner, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Production Credit Commissioner in the event that the Commissioner and Deputy Production Credit Commissioner Arnold are both unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

Verne Simmons, Assistant Production Credit Commissioner, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Production Credit Commissioner in the event that the Commissioner, Deputy Production Credit Commissioner Arnold, and Assistant Deputy Commissioner Scott are all unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

W. J. Kerlin, Assistant Deputy Commissioner, is authorized to execute and perform all functions, powers, authority, and duties pertaining to the office of Production Credit Commissioner in the event that the Commissioner, Deputy Production Credit Commissioner Arnold, Assistant Deputy Commissioner Scott, and Assistant Production Credit Commissioner Simmons are all unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) (FCA Order 200, Sept. 1, 1937]

3.42 Authority of production credit corporation presidents to approve production credit association bylaws and amendments thereto. The president of each production credit corporation is designated the amanuensis of the Governor of the Farm Credit Administration to endorse his approval upon all production credit association bylaws which conform with Form PCA-202 and amendments thereto, the forms of which have been approved by him. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 30, Feb. 14, 1934]

3.43 Authority of production credit corporation vice presidents to approve production credit association bylaws and amendments thereto. The vice president of each production credit corporation is designated an amanuensis with full power and authority, in the absence or disability of the president of such production credit corporation, to endorse the Governor's approval upon all bylaws which conform with Form PCA-202 and amendments thereto heretofore or hereafter approved by the Governor, and which have

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been formally adopted by the respective boards of directors of production credit associations located within the district served by such production credit corporation. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m)) [FCA Order 62, Aug. 18, 1934]

3.50 Functions, powers, authority, and duties of Cooperative Bank Commissioner and Deputy Cooperative Bank Commissioners. The Cooperative Bank Commissioner shall, subject to the jurisdiction and control of the Governor of the Farm Credit Administration, execute and perform all functions, powers, authority, and duties pertaining to (a) the administration of the provisions of law relative to the Central Bank for Cooperatives and the banks for cooperatives and (b) the administration of the provisions of the Act of Congress approved July 2, 1926 (44 Stat. 802; 7 U.S.C. 451–457), generally referred to as the Cooperative Marketing Act.

J. E. Wells, Jr., Deputy Cooperative Bank Commissioner, is authorized to execute and perform the functions, powers, authority, and duties pertaining to the office of Cooperative Bank Commissioner in the event that the Cooperative Bank Commissioner is unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause.

J.D. Lawrence, Deputy Cooperative Bank Commissioner, is author. ized to execute and perform the functions, powers, authority, and duties pertaining to the office of Cooperative Bank Commissioner in the event that the Cooperative Bank Commissioner and J. E. Wells, Jr., Deputy Cooperative Bank Commissioner, are both unavailable to act, by reason of absence from the Washington office of the Farm Credit Administration, or for any other cause. (E.O. 6084, Mar. 27, 1933, 6 CFR 1.1 (m). Sec. 80 (b), 48 Stat. 273; 12 U.S.C. 638 (b))' [FĆA Order

191, June 18, 1937) 3.60 Functions and duties of Director of the Revolving Fund. The Director of the Revolving Fund is authorized and empowered : (a) To accept or reject applications for loans from the Revolving Fund authorized by the Agricultural Marketing Act (46 Stat. 11; 12 U.S.C. 1141-1141j, and Sup.), in whole or in part, to make commitments therefor, and to perform any and all functions and duties, in accordance with law, which the Governor of the Farm Credit Administration is authorized to perform with respect to questions, matters, and things arising under the Agricultural Marketing Act, as amended, except the approval of vouchers for the disbursement of money from the Revolving Fund; and (b) to perform any and all functions and duties, in accordance with law, which the Governor of the Farm Credit Administration is authorized to perform with respect to the administration of the Act of March 3, 1932 (47 Stat. 60; 12 U.S.C. 1401-1404), relating to loans to individuals for the purpose of assisting in forming or increasing the capital stock of agricultural credit corporations, livestock loan companies, or like organizations.

The Director of the Revolving Fund will report to the Governor through Deputy Governor C. A. Stewart, who is authorized and empowered to perform any and all functions and duties which the Director of the Revolving Fund is authorized and empowered to perform, in the event the Director of the Revolving Fund is unavailable to act

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