Section 8
SECTION. 8. Pignorative security may consist either in the pledging to the association of stock of the same, the value whereof, in the judgment of the directors, shall be at least thirty per centum more than the sum borrowed: Provided, That the total of the loans which an' association may make upon the security of its own shares of stock shall not exceed one-third of its paid-up capital; or by the pledging to the association of standing or harvested, gathered, and stored crops; machinery and implements used in agricultural operations; live stock and any other property susceptible of being separated without deterioration of the land to which it is attached; the loan not to exceed in any case fifty per centum of the value of such property.