Federal Mortgage Insurance to Aid in Ship Construction and Reconditioning: Hearings ... Seventy-fifth Congress, First Session, on H.R. 8080. August 10, 17, 1937U.S. Government Printing Office, 1937 - 88 էջ |
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amendment amortize amount application August 9 banks BAYLESS BIELMAN bill boats building Bureau of Engineering Bureau of Marine Bureau of Navigation cargo carriers carry CHAIRMAN coast coastwise Cochran COLDEN commerce Committee on Merchant competition construction or reconditioning convenience and necessity cost CROSBY debentures ENGLIS equipment excursion fact Fall River Line Federal Barge Line Federal Housing Administration financing fireproof floating property freight fund Government HART hearing Hudson River Navigation inland rivers inland waters inland waterways Inspection and Navigation interest labor Lakes legislation loans LOFLAND Marine and Fisheries Marine Inspection Maritime Commission McDONALD ment Merchant Marine Metal Trades Department Mississippi River system modern mortgage insurance NEWTON O'LEARY Ohio River OLIVER operation passenger vessels percent question railroads represent River Navigation Corporation sprinkler statement steamers Steamship subsidy tion tonnage towboats traffic transportation truck United WALTHEN WEAVER York
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Էջ 1 - Moneys in the fund shall be deposited in the Treasury of the United States to the credit of the fund or invested in bonds or other obligations of, or guaranteed as to principal and interest by, the United States.
Էջ 1 - States, and, in the case of a corporation, partnership, or association operating a vessel on the Great Lakes, or on bays, sounds, rivers, harbors, or inland lakes of the United States the amount of interest required to be owned by a citizen of the United States shall be not less than 75 per centum. (e) The terms "United States Maritime Commission...
Էջ 2 - Administrator. (5) Bear interest (exclusive of premium charges for insurance) at not to exceed 5 per centum per annum on the amount of the principal obligation outstanding at any time...
Էջ 2 - ... (7) contain such terms and provisions with respect to insurance, repairs, alterations, payment of taxes, default reserves, delinquency charges, foreclosure proceedings, anticipation of maturity, additional and secondary liens, and other matters as the Administrator may in his discretion prescribe.
Էջ 21 - ... making loans to aid persons citizens of the United States in the construction by them in private shipyards or navy yards in the United States of vessels of the best and most efficient type for the establishment or maintenance of service on lines deemed desirable or necessary by the board, provided such vessels shall be fitted and equipped with the most modern, the most efficient, and the most economical engines, machinery, and commercial appliances...
Էջ 1 - SEC. 203. (a) The Administrator is authorized, upon application by the mortgagee, to insure as hereinafter provided any mortgage offered to him which is eligible for insurance as hereinafter provided, and, upon such terms as the Administrator may prescribe, to make commitments for the insuring of such mortgages prior to the date of their execution or disbursement thereon...
Էջ 2 - SEC. 604. (a) In any case in which the mortgagee under a mortgage insured under this title shall have foreclosed and taken possession of the mortgaged property, in accordance with regulations of, and within a period to be determined by, the...
Էջ 6 - Commission shall determine the effect of such a contract would be to give undue advantage or be unduly prejudicial, as between citizens of the United States, in the operation of vessels in competitive services, routes, or lines, unless following public hearing, due notice of which shall be given to each line serving the route, the Commission shall find that it is necessary to enter into such contract in order to provide adequate service by vessels of United States registry.
Էջ 1 - ... first mortgage' means such classes of first liens as are commonly given to secure advances on, or the unpaid purchase price of, real estate, under the laws of the State in which the real estate is located, together with the credit instruments, if any, secured thereby. "(b) The term 'mortgagee' includes the original lender under a mortgage, and his successors and assigns approved by the Commissioner; and the term 'mortgagor' includes the original borrower under a mortgage, his successors and assigns,...
Էջ 1 - Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That as used in this Act — (a) The term "Secretary" means the Secretary of the Interior.