Bracken-Robertson Nat. Farm Loan Ass'n v. Downing

Opinion of the Court by

Ureal, Commissioner—

Reversing.

The Federal Land Bank of Louisville, hereinafter referred to as the hank, is one of the twelve federal land hanks chartered under the Act of Congress known as the Federal Farm Loan Act (12 U. S. C. A., Sections 672-698). By its charter it is authorized and empowered to lend money upon farm lands in the states of Ohio, Indiana, Kentucky and Tennessee with first mortgages upon such lands as security for the loan.

Under authority and pursuant to the provisions of the same act the Bracken-Robertson National Farm Loan Association, hereinafter…