7 U.S.C. § 1504 : US Code - Section 1504: Capital stock of Corporation

Search 7 U.S.C. § 1504 : US Code - Section 1504: Capital stock of Corporation

(a) Subscription by United States
The Corporation shall have a capital stock of $500,000,000
subscribed by the United States of America, payment for which
shall, with the approval of the Secretary, be subject to call in
whole or in part by the Board.
(b) Appropriations
There is authorized to be appropriated such sums as are necessary
for the purpose of subscribing to the capital stock of the
Corporation.
(c) Issuance of stock to Secretary of the Treasury
Receipts for payments by the United States of America for or on
account of such stock shall be issued by the Corporation to the
Secretary of the Treasury and shall be evidence of the stock
ownership by the United States of America.
(d) Cancellation of receipts; nonliability of Corporation
Within thirty days after September 26, 1980, the Secretary of the
Treasury shall cancel, without consideration, receipts for payments
for or on account of the stock of the Corporation outstanding on
September 26, 1980, and such receipts shall cease to be liabilities
of the Corporation.