Federal Register - November 6, 1959

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Fuente: Federal Register

CODIFICATION GUIDE Con.
14 CFR

page
609-

9051

-


Proposed rules:
5072 documents__________ 9061
600 ________ .-------------- 9061
601 2 documents_____ 9061,9062
17 CFR
249__________________________ 9053
32 CFR
41__________________________ 9053
538__________________________ 9054
47 CFR
Proposed rules:
3_____________ ___________ 9060
49 CFR i f i 7___________________________ 9058
145__________________________ 9059
174__________________________________________

9058

186_____ _________________ __ 9059
405________________ i_________ 9058
443.158,5

Methods of price support.

Price support will be available to eli gible producers of tung nuts by means of purchase agreements for eligible tung nuts and tung oil and non-recourse loans on eligible tung oil stored in approved storage facilities.
443.1586

9041

FEDERAL REGISTER

Friday, November 6, 1959

Eligible producer.

a An eligible producer shall be any individual, partnership, corporation, as sociation, estate, or other legal entity producing tung nuts of the 1959 crop as landowner, landlord, tenant, or share cropper. The beneficial interest in the tung nuts, tendered for purchase under a purchase agreement, and in the tung nuts and the resultant tung oil tendered for a loan or for purchase under a pur chase agreement, must be in the pro ducer making such tender, and must have always been in him or in him and a former producer whom he succeeded either as landowner, landlord, tenant, or sharecropper before the tung nuts were harvested. Any eligible producer or group of eligible producers may des ignate in writing, on the form or forms approved by CCC, an agent to act on the producers behalf or on the joint be half of a group of producers in obtaining price support under this program.
b Any cooperative association of Producers hereinafter called co-opera tive which normally handles or crushes tung nuts delivered to it by eligible pro ducers or markets tung oil delivered to it by eligible producers shall also be con sidered an eligible producer with respect to the oil produced from 1959 crop tung huts delivered to it by eligible producers or with respect to eligible tung oil de livered to it by eligible producers pro vided all of the following requirements are met:
1 The beneficial interest in the tung oil and the tung nuts from which such tung oil was extracted is and always has been in the eligible producers who oeliver the tung nuts or tung oil to the cooperative or in such producers and former producers whom such producers succeeded either as landowner, landlord,
tenant, or sharecropper, before the tung nuts were harvested;
2 The major part of the tung oil handled or marketed by the cooperative is extracted from tung nuts grown by members who are eligible producers;
3 The eligible producers share pro portionately in the proceeds from m ar ketings of eligible tung oil according to the quantity and quality of eligible tung nuts or tung oil each delivers to the cooperative;
4 The cooperative has the legal right to pledge the tung oil as security for a loan as well as the authority to sell such tung oil under purchase agreements; and 5 The cooperative maintains rec ords showing separately i the total quantity of tung oil processed by it from 1959 crop tung nuts obtained from all sources, ii the total quantity of tung oil obtained from all sources, iii the total quantity of tung oil processed by it from 1959 crop tung nuts obtained from all eligible producers, iv the total quantity of 1959 crop tung oil obtained from all eligible producers, v the total quantity of tung oil processed from 1959
crop tung nuts obtained from eligible producer-members, and vi the total quantity of 1959 crop tung oil obtained from eligible producer-members. The cooperative shall make its records avail able to CCC for inspection at all reason able times through June 1962.

tung oil is not in existence and in good condition at the time of disbursement, the total amount disbursed under the loan shall be promptly refunded by the producer.
443.1589

Approved storage facilities.

Approved facilities shall consist of storage facilities made available by tung oil mills and others having adequate facilities for handling and storing tung oil for which a tung oil storage agree ment on Commodity Credit Corporation Form 77 for the 1959 crop has been en tered into with CCC through the Dallas CSS Commodity Office. The names of owners or operators of approved facili ties may be obtained from the Dallas CSS Commodity Office and State and county ASC offices.
443.1590 Maturity date of loans and period of notification to sell under purchase agreement.

a Loans on tung oil mature on Oc tober 31, 1960, or on such earlier date as may be determined by CCC.
b Producers who elect to sell tung nuts under a purchase agreement must notify the county committee of their intentions within a 30-day period end ing March 31, 1960, or ending on such earlier date as may be determined by CCC. Producers who elect to sell tung oil under a purchase agreement must notify the county committee of their 443.1587 Eligible tung nuts and tung intentions within the 30-day period end oil.
ing October 31, 1960, or ending on such a Tung nuts. Tung nuts must be earlier date as may be determined by from the 1959 crop, and must be m a CCC.
tured, air dried with hard hulls dark 443.1591 Applicable forms.
in color and suitable for milling.
b Tung oil. Tung oil must have The approved forms consist of the been extracted from 1959 crop tung purchase agreement forms, loan forms, nuts and must meet sections 3 and 4 of and such other forms and documents Federal Specification TT-T-775, Tung as may be required, which together with Oil, Raw Chinawood dated May 28, the provisions of this bulletin, and any 1957 hereinafter referred to as Federal supplements and amendments hereto, Spepifications. The eligibility of tung govern the rights and responsibilities oil delivered under this program must of the producer. Note and loan agree be evidenced by a certification, signed ments mpst have State documentary and , by the producer or an agent designated revenue stamps affixed thereto when as provided in 443.1591f or in the required by law. Purchase agreement case of a cooperative by an authorized or loan documents executed by an ad officer thereof, in the form prescribed ministrator, executor, or trustee, will in 443.1591 d or e, whichever form be acceptable only where legally valid.
a Purchase agreement documents.
is appropriate.
The purchase agreement forms shall con 443.1588 Disbursement of loans.
sist of the Purchase Agreement, Form Disbursement of loans on tung oil will CP-1; Commodity Delivery Notice, Form be made to producers by financial in CCC Grain 50; Purchase Agreement Set stitutions, pursuant to the Provisions for tlement, Form CP-4; Lien Waiver for Participation of Financial Institutions Purchases, Form CP-5; and other appli in Pools of CCC Price Support Loans of cable forms prescribed in paragraph c Certain Commodities 23 F.R. 3913 and of this section.
b Loan documents. Loan forms 24 F.R. 5277 and. any amendments or supplements thereto, or by sight drafts shall consist of the Producers Note and drawn on CCC by the county office. Dis Loan Agreement, Form CL-B, and other bursement shall not be made later than applicable forms prescribed in paragraph July 15, 1960, unless authorized by the c of this section.
c Other forms. Warehouse re Executive Vice President, CCC. Payment in cash, credit to the producers account, ceipts, chemical analysis certificates is or the drawing of a check or draft shall sued by approved chemists, certification constitute disbursement. The date of of eligibility of tung oil, producers desig such draft, check, credit or cash payment nation of agent, and such other forms as shall be considered as the date of dis may be prescribed by CCC.
d Producers certification of eligi bursement of the funds. The producer shall not present the loan documents for bility, of tung oil. Before a loan is made disbursement unless the tung oil rep on tung oil to a producer, other th an a resented by the loan documents is in cooperative, or before delivery of tung existence and in good condition. If the oil from such producer under a purchase

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Federal Register - November 6, 1959

TítuloFederal Register

PaísEstados Unidos de América

Fecha06/11/1959

Nro. de páginas32

Nro. de ediciones7289

Primera edición14/03/1936

Ultima edición30/04/2024

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