It is the purpose of this chapter to encourage and to promote agriculture and agricultural production as the basis of the prosperity of all the people by assisting the availability for agricultural purposes, and for those engaged therein, of satisfactory credit facilities at a low rate of interest under the farmers cooperative system, as established […]
Federal farm loan bonds issued by the federal land banks, debentures issued by federal intermediate credit banks, and debentures issued by banks for cooperatives pursuant to said acts (all of such bonds and debentures being hereinafter called farm credit securities) are hereby designated as security for every character of public funds, and especially for the […]
All trustees, executors, guardians and other fiduciaries in this state (unless prohibited by the will, deed or trust instrument, or unless any such trust instrument prescribes other investments exclusively) and administrators may, in addition to investments otherwise authorized by law, invest all funds held in trust or for investment in farm credit securities without the […]
Any insurance company, hospital service association or burial association organized under the laws of the State of Mississippi, or properly domesticated within this state, and permitted to do business herein, may purchase farm credit securities with its capital, provided that there shall not be invested at any one time, in said securities, more than twenty-five […]
All banking corporations (including savings banks and trust companies), building and loan associations, credit unions, and finance companies, organized under the laws of the State of Mississippi, shall have power, each at its discretion, to invest its capital in farm credit securities to an amount not exceeding twenty-five percent (25%) thereof and to invest its […]
