Federal Register - January 13, 1950
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Source: Federal Register
EGISTE
VOLUME 15
4 f r , 9 3 4
N n to
NUMBER 8
Washington, Friday, January 13, 1950
TITLE 6 AGRICULTURAL CREDIT
Chapter III Farmers Home Adminis tration, Department of Agriculture Subchapter E Account Servicing
P art 372 S ecurity S ervicing and Liqui
dations ; F arm O wnership L oans S ubpart AG eneral S ecurity S ervicing EXECUTION OF SEVERANCE AGREEMENTS
Government, severance agreements in connection with loans made to direct Farm Ownership loan borrowers by the Commodity Credit Corporation through the Production and Marketing Admin istration for construction of farm stor age facilities when the cost of the buildings purchased or constructed will exceed $500.
2 The County Supervisor is author ized to execute, on behalf of the Gov ernment, severance agreements in connection with loans made to direct Farm Ownership loan borrowers by the Commodity Credit Corporation through the Production and Marketing Adminis tration for construction of farm storage facilities when the cost of the buildings purchased or constructed will not ex ceed $500.
3 The State Director is authorized to consent, on behalf of the Govern ment, to the execution by the mortgagee of severance agreements in connection with loans made to insured Farm Own ership loan borrowers by the Commodify Credit Corporation through the Produc tion and Marketing Administration for the construction of farm storage facili ties.
Subpart A of Part 372 in Title 6, Code of Federal Regulations 13 F. R. 9458,14
F. R. 2081, 14 F. R. 6108; 6 CFR 372.1372.11, is amended to add 372.13 as follows:
372.13 Severance agreements in connection vnth loans from Commodity Credit Corporation to construct farm storage facilities-a Purpose. This section prescribes the authority to exe cute, on behalf of the Government, sev erance agreements in connection with loans made by the Commodity Credit Corporation through the Production and Marketing Administration to direct and insure Farm Ownership loan borrowers to enable such borrowers to construct farm storage facilities on their Farm Ownership farms.
b General policies. Consent will not Sec. 41 i, 60 Stat. 1066; 7 U. S. C. 1015 i.
and applies secs. 3 b 4 and be given to a Farm Ownership borrower Interprets 6, 12 h, 60 Stat. 1074, 1077; 7 U. S. C.
to construct farm storage facilities in 1003
b 4 and 6, 1005b h
excess of his needs based on the normal Derivation : 372.13 contained in Admin production of commodities on his Farm Letter 116 dated December 21, Ownership farm. Severance agreements istration will cover only the buildings purchased 1949.
or constructed with Commodity Credit seal!
D illard B. L asseter, Corporation loan funds.
Severance Administrator, Farmers Home Administration.
agreements will be executed and serviced in accordance with the applicable provi D ecember 21, 1949.
sions of 372.1-372.12 of this chapter, unless otherwise provided in this I 372.13. P. R. Doc. 50-425; Piled, Jan. 12, 1950;
8:59 a, m.
The County Supervisor will request the representative of the Commodity Credit Corporation to furnish the Farmers Home Administration with two con formed copies of the severance agree Chapter IV Production and Market ing Administration and Commodity ment. One copy will be filed in the borrowers County Office case file and the Credit Corporation, Department of other copy will be filed in the borrowers Agriculture State Office case file.
c Authorities. Subject to the poli Subchapter A General Regulations and Policies cies and procedures prescribed in this P art 401S tatement of P olicy R egard 372.13, and in 372.1-372.12 of this ing D isposal of F ood Commodities chapter with respect to partial releases, U nder S ection 416 of the A gricul subordinations, and consents under the tural A ct of 1949
terms of Farm Ownership security in Pursuant to the authority contained in struments :
1
The State Field Representative is section 416 of the Agricultural Act of Continued on p. 195
authorized to execute, on behalf of the
CONTENTS
Agriculture Department
Pa&e
See Commodity Credit Corpora tion; Farmers Home Adminis tration; Production and Mar keting Administration; Rural Electrification Administration.
Alien Property, Office of
Notices:
Vesting orders, etc.:
Banco di Roma___________
Bergener, Carl August GeorgDelpit, Louise____________
Gotz, Johanna_________
Katahira, Tohei, and Haruye Katahira_______ !_______
Oda, Kiyoko____________
Pippert, Peter____________
SchOenhofen, Elise________
Tobis - M a g n a - Filmproduk-
fions G. m. b. H. et al_____
Wagner, Anton______________
v Yamamoto, Teichi________
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227
228
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228
228
229
230
227
Commodity Credit Corporation
Rules and regulations:
Statement of policy regarding disposal of food commodities-
193
Farmers Home Administration
Rules and regulations:
Security servicing and liquida tions, farm ownership loans;
execution of severance agree ments ___________________
193
Federal Communications Com mission
Notices:
Hearings, etc.:
Afro-American Broadcasting System, Inc., and WDZ
Broadcasting Co___ _____
Air Waves, Inc. WLCS, and KJAN Broadcasting Co___
City of Camden WCAM__
Connecticut E l e c t r o n i c s Corp. et al______________
D o n z e Enterprises, Inc.
KSGM________________
Jenkins, Orville L., and Tule Broadcasting Co________
Northern Corp. WMEX et a l ______- _______ ______
Sandusky Newspapers, Inc_
Whittier Broadcasting Co. and Whittier Broadcasting As sociates ________________
Z e n i t h R a d i o Co r p .
W9XZV______________
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