Chapter 151. To amend the first paragraph of section 20 of the Act of Congress approved July 17, 1916, known as the Federal Farm Loan Act, as amended by the Act of Congress approved April 20, 1920
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CHAP. 151.— An Act To amend the first paragraph of section 20 of the Act of Congress approved July 17, 1916, known as the Federal Farm Loan Act, as amended by the Act of Congress approved April 20, 1920. March 4, 1921. [[S. 4664](/us/bill/66/s/4664).] [[Public, No. 379](/us/pl/66/379).] *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,* That the first paragraph of Federal Farm Loan Act.Vol. 39, p. 377, amended.section 20 of the Act of Congress approved July 17, 1916, as amended by the Act of Congress approved April 20, 1920, be amended to read as follows:
Farm loan bonds. Denominations, etc., modified. *Ante,*p. 571, amended. " “Sec. 20. That bonds provided for in this Act shall be issued in denominations of $40, $100, $500, $1,000, and such larger denominations as the Federal Farm Loan Board may authorize; they shall run for specified minimum and maximum periods, subject to pay-1363ment and retirement, at the option of the land bank, at any time after the minimum period specified in the bonds, which shall not be Period extended to ten years.longer than ten years from the date of their issue.
They shall have interest coupons attached, payable semiannually, and shall be issued in series of not less than $50,000, the amount and terms to be fixed by the Federal Farm Loan Board. They shall bear a rate of interest Interest limit.not to exceed 5 per centum per annum.” " Approved, March 4, 1921.