Pub. L. 86-168, tit. I, sec. 101

Sec. 101. Section 3 of the Federal Farm Loan Act, as amended, is amended— (a) by changing the paragraph thereof relating to the appointment of registrars, appraisers, and examiners (12 U.S.C. 656) to read: “The Farm Credit Administration shall appoint a farm loan registrar for each farm credit district to receive applications for issues of farm loan bonds and to perform such other services as are prescribed by this Act, and may appoint a deputy registrar who shall during the unavoidable absence or disability of the registrar perform the duties of that office. It shall also appoint as many farm credit appraisers and farm credit examiners as it shall deem necessary. Such farm loan registrars, deputy registrars, farm credit appraisers, and farm credit examiners shall have no connection with or interest in any institution, association, or partnership engaged in banking or in the business of making land mortgage loans or selling land mortgages but they may perform such duties as are authorized by the Farm Credit Administration in connection with the business of the banks and associations it supervises: Provided, That this limitation shall not apply to persons employed by the Farm Credit Administration on a temporary basis.”; (b) by deleting the paragraph thereof relating to the compensation of appraisers and inspectors (12 U.S.C. 658); (c) by deleting the paragraph thereof relating to the employment of certain personnel by the Farm Credit Administration (12 U.S.C. 659); and (d) by deleting the second sentence of the third paragraph from the end thereof (12 U.S.C. 662).