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RE -RWORDED <br />200008000 <br />in5urancc.unctcrthc lr ationa] Housing . Act; (c)to enter into, perform, and carry <br />out contracts of any hind necessary to, or in connection with, or incidcntal to, <br />the accomplishment ofthe purposes ofthe corporation, including. expressly, <br />any contract or contracts with the Sccrcta-y of Housingand Urban Develop- <br />ment which may be desirable or necessary to comply with the requirements <br />of the National Housing Act, as amended, and the Regulations ofthe Secretary <br />thereunder, relating, to the regulation or restriction of mortgagors as to rents. <br />sales, charges, capital structure, rate of return and methods of operation; (d) <br />to an acquire any property, real orpersonal, in fcc orundcrIcasc. or any rights <br />therein ora.ppurtcnantthcrcto, necessary forthc construction and operation of <br />such project; and (c) toborrow money, and to issue evidence of indebtedness, <br />and to secure the same by mortgage. decd of trust, pledge, or other lien, in <br />furtherance of any oral] of the objects of its business in connection with said <br />project. <br />Article Powers <br />Sectinn 1. The corporation shall have the powcrto do and perform all things <br />whatsocvcrsetoutinSectionIofArticle — __Purposes above. <br />and necessary or incidcntal to the accomplishmcnts of said purposes_ <br />Section2. Thecorporation,spccifically and particularly,shallhave the power <br />and authority to enter into a Regulatory Agreement setting outthe requirements <br />of the Secretary of Housing and Urban Dcvclopntcnt. <br />200006301 <br />form H u U -524Hti ( i u -un) <br />Replaces FHA -2466 which may be used until supply exhausted Page 2 of 6 ref Handbook4571.1 <br />