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,
Thursday, Septem ber 1 1949
Pub. Law 806,80th Cong., see. 1, Pub. Law 897, 80th Cong.
Issued this 26th day of August 1949.
seal H arold K. H ill , Acting Manager, Commodity Credit Corporation.
Approved:
F rank K. W oolley, Vice President, Commodity Credit Corporation.

FEDERAL REGISTER

and Marketing Administration published In 14 F. R. 2972 and 4709, governing the making of loans and containing the re quirements of the purchase agreement program on oats produced in 1949 are hereby supplemented as follows:
Under 642.124 Support rates, para graph a County support rates, the fol lowing support rates are added:
1. To the schedule of rates for counties in Oregon, add the following:

5417

648.125 Administration. In the field the program will be administered by State PMA Committees, County Agricul tural Conservation Committees hereinand PMA Commodity Offices. Forms may be obtained from county committees or state PMA offices. County committees will determine or cause to be determined the eligibility of the borrower; the eli gibility, quantity, grade and quality of after referred to as county committees, the potatoes.; and the amount of the loan.
Rate per bushel All loan documents will be completed and F. R. Doc. 49-7185; Filed, Aug. 81, 1949;
for U. S. No. 3
8:57 a. m.
approved by the county committee, which County:
or better will retain copies of all documents. The Clatsop _________________________ $0. 70
county committee may designate in 2. To the schedule of rates for counties writing certain employees of the County 1949 C. 0. C. Grain Sorghums Bulletin 1, in Texas, add the following:
Agricultural Conservation Association to Amdt. 1 to Supp. 1
execute such forms on behalf of the com Rate per bushel P art 621-Grain S orghums mittee. Loans may be obtained either for U. S. No. 3
from approved lending agencies or di County:
or better S ubpart 1949 G rain S orghums Loan Irion _______________ _____________ $0. 72 rect from CCC, at the option of the bor and P urchase A greement P rogram Reagan _____
. 72
rower. The county committee will fu r 194 9-CROP GRAIN SORGHUMS PRICE SUPPORT
nish the borrower with the names of Sec.
4 d, Pub.
Law 806, 80th Cong.
PROGRAM BULLETIN
Interpret or apply secs. 4 g, 1, 5 a, lending agencies approved for making The regulations issued by Commodity Pub. Law 806, 80th Cong., sec. 1, Pub. disbursements on loan documents. Ap proved loan documents will be trans Credit Corporation and the Production Law 897, 80th Cong.
mitted for disbursement to the lending and Marketing Administration published Issued this 26th day of August 1949.
agency or to CCC by the county in 14 F. R. 2969, 4587 and 4653, governing committee.
the making of Joans and containing the seal H arold K. H ill , requirements of the purchase agreement Acting Manager, 648.126 Availability of loans. Loans program on grain sorghums produced in Commodity Credit Corporation.
will be available in all areas of the con 1949 are hereby supplemented as follows:
tinental United States. Application for Approved:
Under 621.124, Support rates, para loans shall be made at the office of the graph c County support rates, the fol F. K. W oolley, county committee for the county where lowing support rates are added:
Vice President, the potatoes are stored, between Sep L To the schedule of rates for counties Commodity Credit Corporation. tember 15, 1949 and December .15, 1949.
in Missouri, add the following:
However, the State Committee shall, if F. R. Doc. 49-7124; Filed, Aug. 31, 1949;
necessary, set a final date for accepting 8:55 a. m.j Rate per 100 lb.
for 17. jS. No. 2
applications sufficiently in advance of County:
or better December 15, 1949, in order th at all in Pettis ------------------------------------ $2.34
spections of potatoes and the approval of all loan documents will be completed P art 648P otatoes, I rish 2.
To the schedule of rates for counties by December 31,1949. Notes and chattel in Texas, add the following:
SUBPART 1949 IRISH POTATO LOAN PROGRAM mortgages must be approved prior to Rate per 100 lb.
This bulletin states the requirements January 1, 1950, unless later approval for U. S. No. 2
with respect to the 1949 Irish Potato Loan is spepifically authorized by the Director, County:
or better Program formulated by Commodity Fruit and Vegetable Branch, PMA, and B lan co________________ _____ ___$2 .12
Credit Corporation hereinafter referred must be executed in accordance with this Cam eron_______________
1.99
Galveston _______________________ 2 . 41
to as CCC and the Production and Mar bulletin, with State and documentary Harris ____ _____ L______________ 2.41
keting Administration hereinafter re revenue stamps affixed thereto where re Irion ___________________ _____ 2.00
ferred to as PMA. The program will be quired by law. Notes and chattel mort Menard _______________ ________ 2. 03
carried out by PMA under the general gages executed by an administrator, ex Sec. 4 d, Pub. Law 806, 80th Cong. supervision and direction of the Manager, ecutor, or trustee, will be acceptable only Interpret or apply secs. 4 g, 1, 5 a, CCC. Loans will be made available on where legally valid. At no time shall Pub. Law 806, 80th Cong., sec. 1, Pub. Irish potatoes produced in 1949 in accord Joan documents be approved if the value of the collateral has been impaired.
ance with this bulletin.
Law 897, 80th Cong.
Loan documents shall not be approved Issued this 26th day of August 1949. Sec.
after the expiration of 20 calendar days 648.125 Administration.
following the date of inspection of po seal!
H arold K. H ill, 648.126 Availability of loans.
tatoes offered as collateral unless the 648.127 Approved lending agencies.
Acting Manager, 648.128 Eligible borrowers.
county committee first determines that Commodity Credit Corporation.
648.129 Eligible potatoes.
the potatoes so offered are intact and Approved:
648.130 Approved forms.
that their value is unimpaired. In the 648.131 Amount of loan.
F. K. W oolley, event the potatoes are destroyed or their 648.132 Storage charges.
value is impaired after the loan docu Vice President, 648.133 Liens.
Commodity Credit Corporation. 648.134 Service fees.
ments are approved but prior to disburse 648.135 Set-oifs.
ment, the loan documents shall not be F. R. Doc. 49-7133; Filed, Aug. 31, 1949;
648.136 Interest rate.
8:56 a. m.J
eligible for disbursement. Any fraudu 648.137 Insurance.
, lent representation made by a borrower 648.138 Maturity and satisfaction of loans.
in obtaining a loan or in executing any 048.139 Deficiencies due to flood, fire, light 1949 C. C. C. Oats Bulletin 1, Amdt. 1 to of the loan documents will render him ning and windstorm.
Supp. 1
648.140 Loans in default.
subject to criminal prosecution.
648.141 Purchase of notes.
P art 642 O ats 648.127 Approved lending agencies.
648.142 1949 schedule of loan rates per cwt.
of potatoes.
An approved lending agency shall be any S ubpart 1949-C rop O ats Loan and bank, .cooperative marketing association, P urchase A greement P rogram A u t h o r i t y : 648.125 to 648.142 issued corporation, partnership, individual, or under sec. 4 d, Pub. Law 806, 80th Cong.
1 9 4 9 -C R O P OATS PRICE SUPPORT PROGRAM
other legal entity with which GCC has Interpret or apply secs. 4 g, 1, 5 a, Pub.
The regulations issued by Commodity Law 806,80th Cong., sec. 1, Pub. Law 897, 80th entered into a Lending Agency Agree Credit Corporation and the Production Cong.
ment Form PMA-97, or other form pre-