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EDEHAL
VOLUME 12

REGISTER
NlTEO

NUMBER 205

Washington, Saturday, October 18, 1947

TITLE 6 AGRICULTURAL CREDIT
Chapter II Production and Mar keting Administration Commodity Credit 1947 O. C. C. Cotton Form 1J
P art 256Cotton Loans 1947 COTTON LOAN INSTRUCTIONS

Pursuant to the 1947 Cotton Loan Program of Commodity Credit Corpora tion, loans on eligible upland cotton and American-Egyptian cotton will be made available, to eligible producers. Such loans may be obtained either directly from Commodity Credit Corporation or from lending agenciés. These instruc tions state the requirements with refer ence to such loans. Sec.
256.141
256.142
256.143
256.144
256.145
256.146
256.147
256.148
256.149
256.150
256.151

Definitions.
Forms.
Amount.
Classification of cotton.
Preparation of documents.
Approved warehouses.
Warehouse receipts Warehouse charges.
Liens.
Direct loans.
Time and manner of tendering loans for purchase and pooling.
256.152 Lending agencies.
256.153 Custodial offices.
256.154 Repayments.
256.155 Cotton Cooperative Association loans.
Authority: 256.141 to 256.155, inclusive, issued under sec. 7 a , 49 Stat. 4, as amended, sec. 302, 52 Stat. 43, as amended, sec. 4 a, 55 Stat. 498, as amended, sec. 8, 56 Stat. 767, as amended; 15 U. S. C. and Sup. 713 a, 713a-8, 7 U. S. C. 1302, 50 U. S. C. App. Sup.
968; paragraph b, Article Third, Charter of Commodity Credit Corporation.

256.141 Definitions. As u s e d in 256.141 to 256.155, inclusive, unless the context otherwise requires, the following terms will be construed respectively to mean:
a Eligible producer. An eligible producer shall be any person indi vidual, partnership, firm, corporation, association, joint-stock company, trust, estate, or other legal entity, or a State or political subdivision thereof, or an agency of such State or political subdivision producing cotton in 1947 in the capacity of landowner, landlord, tenant, or share cropper. Except as provided below, two or more producers may not obtain a joint
loan. If the eligible cotton produced on CONTENTS
a farm Has been divided among the pro ducers entitled to share in such cotton, Agriculture Department each landlord, tenant, and sharecropper See also Commodity Credit Corpo may obtain a loan on his separate share.
ration; Federal Farm Mortgage If the cotton has not been divided, the Corporation; Forest Service.
landlord and one or more of the share Proposed rule making:
tenants or sharecroppers may obtain a Grapefruit, frozen; U. S. stand joint loan on their shares of such cotton.
ards for grades____________
In no case shall a share tenant or share Rules and regulations:
cropper obtain a loan individually on cot Limitation of shipments in Cal ton in which a landlord has an interest.
ifornia and Arizona :
In any case where a landlord obtains a Lemons__________________
loan on cotton in which a share tenant or Oranges_____________
sharecropper has an interest, he must Alien Property, Office of have the legal right to do so, and the share tenant or sharecropper must be Notices:
Vesting orders, etc.:
paid his pro rata share of the proceeds.
Costs and expenses incurred b Eligible cotton. Eligible cotton in certain court actions shall be cotton produced in the United or proceedings:
States in 1947 which meets the following Michigan, Ohio, Minnesota, requirements:
and Iowa__________
1 Such cotton must be of a grade Minnesota, Ohio, Michigan and staple length specified in tables 1
and Illinois________ :__
and 2 appearing at the end of 256.141
Wisconsin, Michigan, Min to 256.155, inclusive.
nesota, Iowa, and Mis 2 Such cotton must be represented souri________
by warehouse receipts complying with Fleischel, Gaston_________
the provisions of 256.147.
J. P. Bemberg A. G. et al___
3 Such cotton must not be com Leslie Co_________________
pressed to high density.
Schneider, Hermann C_____
4 Such cotton must be free and Schulz, Otto____________
clear of all liens and encumbrances, ex cept those in favor of the warehouse in Army, Department of which the cotton is stored, as specified Rules and regulations:
Public lands, revocation of with in the Warehousemans Certificate and drawal for use as War Depart Storage Agreement in the 1947 Cotton ment camp site and training Producers Note and Loan Agreement area_____________________
1947 C. C. C. Cotton Form A herein after referred to as Form A .
Civil Aeronautics Administra 5 Such cotton must have been pro tion duced by the person tendering it for a Rules and regulations:
loan, and he must have the legal right Public airports, federal aid to to pledge it as security for a loan.
public agencies for develop ment; performance of con 6 If the person tendering such cot struction work____________
ton for a loan is a landlord or landowner, the cotton must not have been Civil Aeronautics Board acquired by him directly or indirectly Notices:
from a share tenant or sharecropper and Braniff Airways, Inc.; hearingmust not have been received in payment Proposed rule making:
Oxygen requirements________
of fixed or standing rent; and if it was produced by him in the capacity of land Commodity Credit Corporation lord, share tenant, or sharecropper, it Rules and regulations:
must be his separate share of the crop, Cotton loan instructions, 1947unless he is a landlord and is tendering Federal Communications Com cotton in which both he and a share mission tenant or a sharecropper have an in Notices:
terest.
Clear channel broadcasting;
Continued on p. 6823
place of hearing__________
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