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VOLUME 15

Otojgp

/o NUMBER 145

Washington, Friday, July 28, 7950

TITLE 6 AGRICULTURAL CREDIT
Chapter IV Production and Market ing Administration and Commodity Credit Corporation, Department of Agriculture Subchapter C Loans, Purchases, and Other Operations 1949-50 Farm Storage Facility Loan Program, Arndt. 1
P art
674 F arm S torage F a c il it ie s
SUBPART FARM STORAGE FAC ILITY
LOAN PROGRAM

The regulations formulated by Com modity Credit Corporation and the Pro duction and Marketing Administration and published in 14 F. R. 5587, govern ing the making of loans, and containing the requirements of the Farm Storage Facility Loan Program are hereby amended and supplemented as follows:
1. Paragraph b of 674.102 is amended so that the section reads as follows:
674.102 Availability Of loans a Area. Loans will be available in all States.
b Time. Loan applications may be submitted through June 30, 1951.
c Source. All forms and documents will be made available through the offices of county committees. Disbursements on loans will be made by approved lend ing agencies under agreements with CCC, or by drafts drawn on CCC by the State PMA committee.
2. Paragraph c of 674.106
amended to read as follows:

iS

674.106 Terms and conditions of loan.
c Repayment of loan. Payment will be due annually in equal principal in stallments. Where loan applications are approved by CCC prior to July 1, 1950, loans will be payable beginnnig January 31, 1951; where loan applications are approved by CCC on or after July 1, 1950, loans will be payable beginning January 31, 1952. The borrower is re quired to prepay the amount of any an nual installment out of the proceeds from any price support loss or purchase
agreement due the borrower within 12
months preceding the date on which the installment falls due. Any past due installment may be deducted and paid out of any amounts due the borrower under any program carried out by the Department of Agriculture. In addition, any farm-storage payments due the bor rower by CCC for storage of commodities in such farm-storage facilities may be applied to any installment past due or next maturing, and any excess there over may be applied on the remaining principal. The loan may be paid in part or in full by the borrower at any time before maturity.
Upon payment of farm-storage facility loans secured by mortgages or deeds to secure debt which are held by CCC or secured by deeds of trust under which CCC is beneficiary, the county committees should be re quested to release or obtain the release of such instruments of record. The chairman of each county committee is authorized to act as agent of CCC in releasing or obtaining the release of such instruments. Upon payment of loans secured by instruments held by a lending agency or under which a lend ing agency is beneficiary, the lending agency should be requested to release or obtain the .release of such instrument or instruments.

CONTENTS
Agriculture Department
Pa€e
See Commodity Credit Corpora tion; Production and Market ing Administration.

Alien Property, Office of Notices:
Vesting orders, etc.:
Balzer, Otto, and Louise_____
Fehringer, Max_____________
Isosaki, Fukuji_____________
Kitagawa, Wataru, and Rikima_____________________
Lewek, Francis____________
Nukui, Fuji taro_____________
Petz, Anna_________________
Reichskredit Gesellschaft____
Ruff, Katie_________________
Shimamoto, Torakichi_______
Suga, Yasutaro_____________
Uemura, Komegoro_________
Yada, Kamei___ ____________

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Commodity Credit Corporation
Notices:
Contracting officers, appoint ment; delegation of author ity--------------------------------- 4874
Rules and regulations:
Farm storage facilities, pro grams :
Finance purchase of mechan ical driers for farm com3.
Section 674.109 is added to the part modities_________________
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.to read as follows:
Loan_______________________
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674.109 Sale or conveyance of secu Loan and purchase agreement rity. When a borrower desires to sell or program, 1950; corrections:
convey the facilities or other property Grain sorghums____________ 4869
securing a loan without repaying the O ats_______________
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loan in full, he should apply to the Rye---------------- !___ _______ 4869
county committee for approval of the W h eat______________________ 4869
sale or conveyance. Approval of the sale Federal Power Commission or conveyance must be evidenced by an Notices:
assumption agreement in form pre Hearings, etc.:
scribed by CCC under which the bor Jersey Central Power & Light rower remains liable for the balance of Co________________________ 4874
the indebtedness and the purchaser as Montana-Dakota Utilities Co_ 4874
sumes the balance of the indebtedness Natural Gas Pipeline C. of and agrees to comply with all the terms, America________________
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conditons, covenants, and agreements Northern Natural Gas Co__ 4875
set out in the security instruments. Such forms may be obtained from the county Federal Trade Commission committee.
The chairman of each Notices :
county committee is authorized to apAutomatic Voting Machine Continued on next page Corp. ; hearing______________ 4875
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