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Section 1

, be tee to .

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1 , be tee to . <.Jorpo- Corporat10n by the name of the Trustee for the ration Sole. debentures and as such shall have perpetual succession and a comrron seal and in his Corporate name shall sue and be sued. ' f of the Trusteef I f d 5. (1) With d the previous sanction f ssue b o e- b h () B d oar p f . . . tu:ne to timei d b e ssue o b entures e b/ e oar may, . . tu:ne to time, . d issue. e ent':res o _th e BJard. one or more denominations for such periods as 1t may deem expedient, on the security of the mortgages and other as£els transferred or deemed to havt l;een transferred under Section 21 by t.he Mortgage Banks to the Central Mortgage Bank and other of Central Mortgc. ge Bank. (2) Such debentures may contain a term fixing a period not exceeding ten years frorn the date of issue during "bich they shall be irredl em able or reserving to the Board the right to call in at ao1)' time any of the debentures in advance of the dare fixed for nclemption after giving to the debenture holdc-r concerned not less than three months' notice in writing. (3) The total amo.unt due on the debentures issued by tLe Board and outstanding at an) ume n0t !'.xceed the aggn:gate of (a) 1he amounts due on the mcrtgage ar.d tl:e value of the otlier asEets transferred or deerr.ecl to hc.se been nansferrcd under Section 21 by the M01tgage Barks to the Central Mortgage Bank and 5111:Jsisting at such tin . e; and (b) the amounts paid under the mortgages a !Orrsaid and remaining in the rands of the Board or of the Trustee at that time. The ho!ders of the debentures h:we 'l floating ch;irt,e on- ( a) all ;uch mortg"'!ges and as·cts as are referred to in clause (a) of sub- ection 1 3) of Section 5; (b) the amount paid und· r such mort2'ages and remaining in tl:-.e hands of the Board or of the Trustee; and (c) the otht'r properti's of the Central Mort· gage Bank. Charge of Debenture Holders on certain propertie s . G~urantee Gby overnment J State of Principal such of, and terest db terest on debentures.