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ONAL

REGSTER
VOLUME 5

1934

NUMBER 179

Washington, Friday, September 13, 1940
Rules, Regulations, Orders TITLE 6AGRICULTURAL CREDIT
CHAPTER IICOMMODITY CREDIT
CORPORATION
1940-41 C.C.C. Cotton Form 1
Instructions P art 215 1940-41 C otton L oans Sec.
215.1
215.2
215.3
215.4
215.5
215.6
215.7
215.8
215.9
215.10
215.11
215.12
215.13
215.14
215.15
215.16

Definitions.
Forms.
Amount.
Classification of cotton.
Preparation of documents.
Determination of cooperators or non cooperators.
Warehouses.
Warehouse receipts.
Warehouse charges.
Liens.
Direct loans.
Time and manner of loans and pur chase.
Lending agency.
Insurance.
Loan agencies of the Reconstruction Finance Corporation.
Repayments.

215.1 Definitions. As used in these instructions, unless the context other wise requires, the following terms will be construed respectively to mean:
a Eligible producer. Any person, partnership, association, or corporation producing cotton in 1940 in his capacity of landowner, landlord, tenant, or share cropper. If a share tenant or share cropper has an interest jointly with a landlord, cash tenant, or standing-rent tenant, in cotton produced on a farm, such cotton may be placed under the loan in the name of the landlord, cash tenant, or standing-rent tenant. In such case the landlord, cash tenant, or standingrent tenant agrees, upon signing the Producers Note and Loan Agreement C.C.C. Cotton Form A 1940-41, that the share tenant s and sharecropper s will receive their pro rata share s of the proceeds of the loan and any addi tional proceeds from the cotton. If the cotton produced on a farm has been di vided among the producers on the farm, the landlord, tenant s, and sharecrop per s may each obtain a loan on his
separate share, or two or more such pro ducers may obtain a loan jointly.
b Cooperator. Any producer who has not knowingly planted, or caused or permitted the planting of cotton in 1940
on any farm in excess of the cotton-acre age allotment established for the farm in connection with farm-marketing quotas for cotton for the 1940-41 mar keting year. All other producers are noncooperators.
c Eligible cotton. Cotton produced in 1940 by a cooperator, of grade and staple as specified in 215.3 hereof, the beneficial title to which is and always has been in the producer. That portion of the cotton produced in 1940 by a non cooperator, meeting the requirements specified above, which is in excess of his share of the normal or actual production, whichever is the greater, of the farm cotton-acreage allotment. Cotton re ceived in payment of standing or fixed rent is not eligible cotton.
d Lending agency. Any bank, cor poration, partnership, association, or person lending money to producers on 1940-41 C.C.C. Cotton Form A in accord ance with these instructions. A loan agency of the Reconstruction Finance Corporation is not included within this definition.
e Eligible paper. Notes of producers with loan agreements upon 1940-41
C.C.C. Cotton Form A or any form here after approved by Commodity Credit Corporation dated subsequent to July 31, 1940, and prior to May 1, 1941, and exe cuted in accordance with these in stru c tions with State documentary revenue stamps affixed thereto where required by law. Notes executed by an adminis trator, executor, or trustee will be accept able only where valid in law, and all such notes must be submitted for direct loans in accordance with 215.11 hereof unless accompanied by a repurchase agreement of the lending agency. Copies of this agreement may be obtained from the loan agencies of Reconstruction Finance Corporation.
215.2 Forms. The following docu ments must be delivered in connection with every loan made or note purchased by Commodity Credit Corporation.

CONTENTS
RULES, REGULATIONS, ORDERS
T itle 6 A gricultural C redit :

PaSe
Commodity Credit Corporation:
Cotton loans, 1940-41---------- 3639
T itle 16C ommercial P ractices:
Federal Trade Commission:
Cease and desist orders:
Piccadilly Hosiery Mills, etc_ 3643
Popper & Klein, Inc., etc__ 3642
T itle 18 C o n s e r v a t i o n P ower :

of
Federal Power Commission :
Orders Nos. 46 and 46-A re voked _________________
T itle 24H ousing C redit :
Federal Home Loan Bank Board:
Organization and operation of the Banks, regulations amended______________
T itle 46S h ipping :
Bureau of Marine Inspection and Navigation:
Documentation, entrance and clearance of vessels, etc.;
clearance requirements amended______________
United States Maritime Com mission:
Subsidized vessels, terminat ing voyage practices, etc., amendment____________

3643

3643

3644

3644

NOTICES
Department of Commerce:
Civil Aeronautics Authority:
Hearings:
Braniff Airways, Inc. re hearing __________
3645
Mid - Continent Airlines, Inc_______
3645
Department of Labor:
Wage and Hour Division:
Learner employment certifi cates, issuance of for var ious industries_________ 3645
Department of the Interior:
Office of Indian Affairs:
Arizona, modification of tem porary land withdrawal_ 3644
Continued on next page
3639