Bank Act of the State of California As Amended 1915
Bank Act of the State of California As Amended 1915
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" Sec. 57. Whenever in this act it is required that loans or investments shall be secured by a first lien on real estate, the lien of any tax, assessment or bond levied or issued by this state or by any county, city and county, city, town, munici- pality, school district, reclamation district, irrigation district or any other political or governmental subdivision of this state (not including bonds given pursuant to any law authorizing the same by any person or corporation in lieu of payment of ...any tax or assessment levied against any particular real prop- erty) and the lien of any assessment levied to pay such bonds shall not be deemed to be a prior encumbrance or lien on such real property unless an installment or call of such tax, assess- ment or bond shall be due and delinquent; and any bonds given pursuant to any law authorizing the same by any person or corporation in lieu of payment of any tax or assessment levied against any particular real property and any lien given to secure the payment of assessments or subscriptions to meet 44 CALIFORNIA BANK ACT the requirements of any law of the United States in respect to any irrigation project of the United States in this state which may be levied, made or received by any corporation or associa- tion formed to carry ont the objects and requirements of any such law of the United States shall not be deemed to be a prior encumbrance or lien on such real property if the lien given to secure such assessments and subscriptions taken with the loan or investment so secured shall amount to not more than sixty per centum of the market value of the land securing the same.
What to read after Bank Act of the State of California As Amended 1915?
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To quickly assess the difficulty of the text, read a short excerpt:
" Sec. 57. Whenever in this act it is required that loans or investments shall be secured by a first lien on real estate, the lien of any tax, assessment or bond levied or issued by this state or by any county, city and county, city, town, munici- pality, school district, reclamation district, irrigation district or any other political or governmental subdivision of this state (not including bonds given pursuant to any law authorizing the same by any person or corporation in lieu of payment of ...any tax or assessment levied against any particular real prop- erty) and the lien of any assessment levied to pay such bonds shall not be deemed to be a prior encumbrance or lien on such real property unless an installment or call of such tax, assess- ment or bond shall be due and delinquent; and any bonds given pursuant to any law authorizing the same by any person or corporation in lieu of payment of any tax or assessment levied against any particular real property and any lien given to secure the payment of assessments or subscriptions to meet 44 CALIFORNIA BANK ACT the requirements of any law of the United States in respect to any irrigation project of the United States in this state which may be levied, made or received by any corporation or associa- tion formed to carry ont the objects and requirements of any such law of the United States shall not be deemed to be a prior encumbrance or lien on such real property if the lien given to secure such assessments and subscriptions taken with the loan or investment so secured shall amount to not more than sixty per centum of the market value of the land securing the same.
What to read after Bank Act of the State of California As Amended 1915?
You can find similar books in the "Read Also" column, or choose other free books by California to read onlineMoreLess
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