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VOLUME 22

9 3 4

i/A /ITEO

NUMBER 2

Washington, Thursday, January 3, 1957

CONTENTS
TITLE 6 AGRICULTURAL CREDIT due to questions of a legal or adminis trative nature, such as the effect of min Chapter III Farmers Home Adminis eral or other reservations on the appli Agriculture Department ;
Page cants or the Governments interest, or See also Agricultural Marketing tration, Department of Agriculture unusual conditions or alterations of the Service; Commodity Stabiliza Subchapter B Farm Ownership Loans Farmers Home Administration optipn tion Service; Farmers Home FHA Instruction 443.2
Form or other option form, if used, he Administration.
will forward the option to the State Notices:
P art 332P rocessing I nitial L oans Director for advice.
Pennsylvania; sale of mineral b The County Supervisor also will PROCESSING IN IT IA L INSURED AND DIRECT
interests; area designation 89
determine that:
FARM O W NER SH IP LOANS
Agricultural Marketing Service At least one dollar is actually paid Sections 332.1 to 332.13, Title 6, Code to 1
and regulations:
the seller by the applicant and the Rules Onions grown in certain desig of Federal Regulations, are amended to receipt for this amount is acknowledged nated counties in Idaho and include regulations with respect to op the option.
tioning of land, to conform Farm Own in 2
M a l h e u r County, Oreg.;
The option protects the interests ership loan processing with revised title of the applicant, and that the option is handling_______________ 26
Oranges, navel, grown in Ari clearance regulations in 307.1 to 307.7 recorded, if necessary.
Recordation fees of this chapter 21 F. R. 9929 and with zona and designated part of be paid by the applicant.
revised loan policies under Public Law will California; limitation of han 3
The following clause is inserted in 878, 84th Congress, and to read as options in connection with loans which dling_________________ .
26
follows:
Alien Property Office involve more than one tract:
332.1 Optioning of land. When land The seller agrees that, irrespective of Notices:
Certain Bulgarian, Hungarian, is to be purchased, the applicant will be any other provision in this option, the and Rumanian debtors; order responsible for selecting the land he in buyer, or his assignees may, if the option fixing bar date for filing debt tends to purchase and for obtaining an is accepted, without any liability there claims_______ ____________
88
option on such land. Ordinarily, the for, refuse to accept conveyance of the County Committee should have viewed property described herein if the afore Army Department the applicant with favor before he ob said loan cannot be made or insured be See Engineers Corps.
tains an option on the land to be pur cause of defects in the title to other land chased. The County Supervisor should, now owned by, or being purchased by, Business and Defense Services Administration if possible, priorto the applicants se the buyer.
lection of the land to be purchased, c When a tract of land is to be op Rules and regulations:
Aluminum_____ __________ 32
advise him with respect to the approxi tioned and subdivided, the applicant, in mate size and quality of farms which whose name the option is to be taken, Civil Aeronautics Board are generally considered as family-type must be advised by the County Super Notices:
farms in the particular county. Such visor that he is not designated as an Prehearing conferences:
advice, together with the consideration agent or trustee and will not receive any Capital Airlines, Inc. 2 docu of the applicants eligibility by the remuneration for assigning interest in ments ______________
89
County Committee before the land is the option to other applicants. The Pan American World Airways, selected, will save applicants time in County Supervisor is responsible for ex Inc., and Flying Tiger Line, looking for farms and will reduce the plaining to the seller and the applicant, In c ___________________
89
number of options taken on farms which in whose name the option is taken, the Rate of return local service are obviously too small, too large, or terms and conditions of the option in carriers______ ________
89
too unproductive to qualify for the Farm cluding the provision that the seller will Ownership program. Form FHA-188, provide an accurate survey, if required by Commerce Department See also Business and Defense Option to Purchase Real Property, will the Government.
be given to the applicant, with an ex 1
The County Supervisor will discuss Services Administration; Fed eral Maritime Board.
planation of the provisions of the form any proposed subdivision with the and .how it will be completed. . Gen County Committee and the Area Super Notices:
Zahn, Lawrence H.; report of erally, the Farmers Home Administra visor before any definite commitments appointment and statement of tion option form should be used; are made to the prospective seller with financial interests________ . 88
however, other option forms may be respect to utilizing a tract for subdivi used if their provisions are acceptable.
Commodity Stabilization Service a The County Supervisor is responsion purposes. He will also obtain the Rules and regulations:
sible for examining each completed op assistance of the employee authorized to Soil bank:
tion to determine if it is acceptable. appraise farms in making a thorough Acreage Reserve Program;
study of the tract and in plotting the When the County Supervisor is doubtful when redemption of cer tificates may be made___
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Continued on next page as to whether the option is acceptable 17