...payment, the Corporation thereupon becoming obligated to the United States in a like amount. The bonds " shall be exempt, both as to principal and interest,...gift taxes) now or hereafter imposed by the United States or any District, Territory, dependency, or possession thereof, or by any State, county, municipality,...

...principal and interest, from all taxation (except estate, gift, and inheritance taxes, and surtaxes) now or hereafter imposed by the United States, by any...State, county, municipality, or local taxing authority. (b) Such bonds shall be first offered at not less than par, as a popular loan, under such regulations...

...principal and interest, from all taxation (except estate, inheritance, and gift taxes, and surtaxes) now or hereafter imposed by the United States, by any...State, county, municipality, or local taxing authority. Such bonds shall be issued by the Secretary of the Treasury from time to time as required for the purposes...

...piincipal and interest, from all taxation (except estate, gift, and inheritance taxes, and surtaxes) now or hereafter imposed by the United States, by any...State, county, municipality, or local taxing authority. (b) Such bonds shall be first offered at not less than par, as a popular loan, under such regulations...

...principal and interest from all taxation (except surtaxes, estate, inheritance, and gift taxes) at any time imposed by the United States, by any Territory, dependency,...State, county, municipality, or local taxing authority. REPORTS Section 15 of the Reconstruction Finance Corporation Act provides that the corporation shall...

...be fully and unconditionally guaranteed T>oth as to principal and interest by the United States and shall be exempt, both as to principal and interest,...gift taxes) now or hereafter imposed by the United States or by any State, or by any political subdivision of either. The Secretary of the Treasury is...

...be fully and unconditionally guaranteed both as to principal and interest by the United States and shall be exempt, both as to principal and interest,...gift taxes) now or hereafter imposed by the United States or by any State, or by any political subdivision of either. The Secretary of the Treasury is...

...franchise, its capital, reserves, and surplus, and its income shall be exempt from all taxation now or hereafter imposed by the United States, by any...State, county, municipality, or local taxing authority; except that any real property of the corporation shall be subject to State, Territorial, county, municipal,...

...of the bank and any and all notes, debentures, bonds, or other such obligations issued by the bank shall be exempt, both as to principal and interest,...State, county, municipality, or local taxing authority. The bank, including its franchise, its capital, its reserves and surplus, its advances, and its income,...

...Housing Act, as amended, further provides that any such notes, bonds, debentures, or other obligations shall be exempt, both as to principal and interest,...dependency, or possession thereof, or by any State, county, municipaitiy, or local taxing authority. FEDERAL HOUSING ADMINISTRATION The Federal Housing Administration...