200006301 - Laserfiche WebLink

Browse

200006301 insurance uncle rthc National Housing Act; (c)ta enter into, perform. and carry out contracts of any kind necessary to, or in connection with, orinci tic ntal to, the aeco nip Iishment ofthe purposes ofthe corporation, including, expressly, any contract or contracts with the Secretary of Housingand Urban Devclop- mcnt which may be desirable or necessary to comply with the requirements of the National Housing Act, as amended, and the Regulations ofthc Secretary thereunder, relating to the regulation or restriction ofmortgagors asto rents, sales, charges, capital structure, rate ofreturn and methods ofoperation; (d) toany acquire any property, real orpersonal, in fee orundcr)casc, orany rights therein ora.ppurtcnantthcrcto, necessary forthe construction and operation of such project; and (e) to borrow money, and to issue evidence of indebtedness, and to secure the same by mortgage, decd of trust, pledge, or other lien, in furtherance of any or all of the objects of its business in connection with said project_ Article Powers Section 1. The corporation shall have the powerto do and perform all things whatsocversct out in Section 1 of Articic_____Purposcs above, and necessary or incidental to the accomplishments of said purposes_ Secfiun2. Thccorporation,spccifically and particularly, shall have the power and authoritytoenterinto aRcgulatoryAgreement setting outthcrequin:mcnts of the Secretary of Housing and Urban Development, form HUD -92466 (10 -85) Replaces FHA -2466 which may be used until supply exhausted Page 2 of 6 ref Handbook4571 1