Section 5
SEC. 5. Section seventeen of the same Act is hereby amended to read as follows: "SEC. 17. Personal short term loans to members in good standing with cooperatives may be granted by the association from funds which it may receive in advance from the Administration for the said purpose; such loans may be granted against warehouse receipts of the cooperative association to the extent of eighty per centum of the market value of the stored produce; loans upon the security of expected production from the current crop to the extent of sixty per centum of the value of expected yield: Provided, however, That no loan shall be granted on any production estimated to exceed the applicant's previous year's stored crop with the cooperative by more than fifty per centum. "The administration may extend loans to individual members or group of members of any farmers' cooperative marketing association for the construction or acquisition of facilities under the same terms and conditions for granting facility loans to a cooperative association prescribed in section fifteen: Provided, That such loans shall not exceed eighty per centum of the total value of the properties of the borrower or borrowers and the facilities to be constructed or acquired, all of which shall be encumbered by way of first mortgage as security for the loan."