Section 11-34-109 - Purposes for Which Loans Authorized

11-34-109. Purposes for which loans authorized. (a) Loans may be made for the following agriculture related purposes and no other: (i) To provide for the purchase of farm lands; (ii) To provide for the purchase of equipment as defined by the board, fertilizers and livestock necessary for the proper and reasonable operation of the mortgaged farm lands; (iii) To provide for buildings and other improvements, as defined by the board, of farm lands; (iv) To liquidate indebtedness of the owner of the land to be mortgaged; (v) Repealed By Laws 2008, Ch. 42, 2.