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REGISTER
VOLUME 10

1934
tfo /I T E D

NUMBER 175

Washington, Thursday, September 6, 1945
Regulations TITLE 6AGRICULTURAL CREDIT
Chapter IFarm Credit Administration P ari
10F ederal L and B anks G enerally STOCK REQUIREMENTS

Section 10.223-64 of Title 6, Code of Federal Regulations, is hereby amended to read as follows:
10.223-64 Issuance of new stock sufficient to cover existing loan; retire ment of existing stock. Where an ap plicant who does not own the outstand ing stock in connection with the exist ing bank loan on the farm, covered by the mortgage or contract being pur chased by the bank from the Corpo ration desires or is required to acquire such stock or new stock in lieu thereof but cannot acquire the outstanding stock, the outstanding stock may be re tired and paid off and new stock issued to the applicant and pledged in connec tion with the existing bank loan. The bank should require that the applicant purchase only enough, new stock to col lateralize the existing bank loan in the proportion of one share of stock for every $100 or fraction thereof of the un paid indebtedness under the existing bank loan. When stock in that amount is issued to the applicant, all other stock outstanding in relation to the existing bank loan should be retired. The Ad ministration hereby approves the re tirement of stock in such cases where it is authorized by the banks board of directors. Where the applicant acquires no stock in connection with the bank loan, then, unless he procures from the owner of the association stock held in connection with the bank loan a power of attorney or other authorization to exer cise the exclusive right to vote in con nection with both loans, the applicant must agree with the association, in con sideration of the banks purchase of the Corporation asset, to forego the right to vote at any association meeting where he and the other stockholder are present, except when they agree as to which shall cast the one vote.

CONTENTS
Sec. 6, 47 Stat. 14, secs. 7, 13 Eighth 39 Stat. 365, 372 as amended; 12 U.S.C. .
REGULATIONS AND NOTICES
665, 721, 781 Eighth A griculture D epartment . See also Pa€e J. R. ISLEIB, Farm Credit Administration.
Acting Land Bank Commissioner.
Butter, requirements for pro P. R. Doc. 45-16528; Filed, Sept. 5, 1945;
ducers and authorized re 11:08 a. m.
ceivers to set aside WFO 2, termination_____________ 11339
Cream WFO 13, termination _ 11341
Dairy foods and mix, frozen TITLE 7AGRICULTURE
WFO 8, termination.__ 11341
Fish, canned, restrictions on Chapter IXMarketing Agreements and 1945 pack WFO 44, Am.
x Orders 1 4 _____________________ 11341
P art 961 M il k in the P hiladelphia , Fluid milk and cream, conserva P ennsylvania , M arketing A rea tion and distribution WFO
79 series, partial termina handling of m ilk tion____________________ 11341
Milk in Philadelphia, Pa., area;
Correction handling Corr._________ 11339
In Federal Register Document 45Salaries and wages of agricul 15997, appearing at page 11041 of the tural labor:
issue for Wednesday, August 29,1945, the Idaho, harvesting wheat and first paragraph in the third column on other grains___________ 11343
page 11043 should read as follows:
W a s h i n g t o n , harvesting plums and prunes in Second: Delete paragraph a 5 of Walla Walla County___ 11344
961.1 and substitute therefor the fol C ustoms B u reau :
lowing proposed subparagraphs 5, 6
Surplus Government property and 7, and renumber subparagraphs sold abroad, prohibition 6 and 7 as 8 and 9, respectively.
of importation___________ 11342
Vessels in foreign and domestic trades, waiver of clearance Chapter XIWar Food Distribution laws______________________11342
F arm C redit A dm inistration :
Orders Federal land banks generally;
WFO 2, as Amended, Termination stock requirements_______ 11339
I nterior D epartm ent :
P art 1401D airy P roducts Big Horn and Belle Fourche requirements for producers and author
Rivers, Wyo., classification ized RECEIVERS TO SET ASIDE BUTTER
as power sites___________ 11365
War Food Order No. 2, as amended 8 I nternal R evenue B ureau :
Retailers excise taxes; sales of F.R. 253, 5696; 9 F.R. 3623, 4321, 4319, articles for resale________ 11343
9584; 10 F.R. 103, 126, 3542, 10419, to gether with all orders 8 F.R. 5698, 9904, I nterstate C ommerce C o m m issio n :
Icing permits, etc. :
13378 ; 9 F.R. 3251, 4567, 6905, 10241; 10
ART freight car, Chicago, 111. 11367
HF.R. 516, 2807, 5712, 9313, 10419 issued Carrots and broccoli, Chicago, pursuant to said War Food Order No. 2, 111____________________. 11367
as amended, are hereby terminated at Potatoes, Chicago, 111. 2 doc 12:01 a. m., e. w. t., September 1, 1945, uments_________ 11366, 11367
and all butter set aside, or required to be Property brokers practices, in set aside, pursuant to the provisions of the said War Food Order No. 2, as stitution of investigation 11366
Reconsignment of watermelon, amended, at the effective time of this ter Kansas City, Mo_________ 11366
mination action is hereby released from Continued on p. 11340
Continued on p. 11341
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