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permaculture - [permaculture] Fwd: Re: going no where

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  • From: Martin Naylor <martinwnaylor@yahoo.com.au>
  • To: permaculture@lists.ibiblio.org
  • Subject: [permaculture] Fwd: Re: going no where
  • Date: Wed, 9 May 2007 10:05:13 +1000 (EST)

Enlighten me who are the stockholders

SECTION 7—Division of Earnings
Dividends and Surplus Fund of Reserve Banks
(a)(1)(A) After all necessary expenses of a Federal reserve bank have
been paid or provided for, the stockholders of the bank shall be entitled to
receive an annual dividend of 6 percent on paid-in capital stock.
(B) The entitlement to dividends under subparagraph (A) shall be
cumulative.
(2) That portion of net earnings of each Federal reserve bank which
remains after dividend claims under subparagraph (1)(A) have been fully met
shall be deposited in the surplus fund of the bank.

Martin


Note: forwarded message attached.





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