...to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate...issued, and if substantially all such stock (other than non-voting preferred stock, the owners of which are not entitled or permitted to participate, directly...

...to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate...issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly...

...to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate...issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly...

...expenses. Such associations shall not be denied exemption because they have capital stock, if the interest rate of such stock is fixed at not to exceed the legal...of interest in the State of incorporation or 8 per cent per annum, whichever is greater, on the value of the consideration for which the stock was issued...

...expenses. Such associations shall not be denied exemption because they have capital stock, if the interest rate of such stock is fixed at not to exceed the legal...of interest in the State of incorporation or 8 per cent per annum, whichever is greater, on the value of the consideration for which the stock was issued...

...neither members nor producers does not exceed 15 per centum of the value of all its purchases; (131 Corporations organized by an association exempt under...issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly...

...to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate...issued, and if substantially all such stock (other than nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly...

...to them at actual cost, plus necessary expenses. Exemption shall not be denied any such association because it has capital stock, if the dividend rate...issued, and if substantially all such stock (other than* nonvoting preferred stock, the owners of which are not entitled or permitted to participate, directly...

...Stat. 9), that exemption from the income tax was not to be denied " any such [co-operative] association because it has capital stock, if the dividend rate...incorporation or 8 per centum per annum, whichever is greater, . . . , and if substantially all such stock is owned by producers . . . ; nor shall exemption be denied...

...not exempt. An association which has capital stock will not for such reason be denied exemption, (i) if the dividend rate of such stock is fixed at not...of interest in the State of incorporation or 8 per cent per annum, whichever is greater, on the value of the consideration for which the stock was issued,...