Amendment status not verified — confirm the current text below against the official source.
(1) With the previous sanction of the Trusteef ssue o e- h B d f . . . d b b entures b/ e oar may, ro~ tu:ne to time, 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 trans- ferred under Section 21 by t.he Mortgage Banks to the Central Mortgage Bank and other propt1tit~ of Central Mortgc. ge Bank. Charge of Debenture Holders on certain pro- perties. (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 ~hal n0t !'.xceed the aggn:gate of (a) 1he amounts due on the mcrtgage ar.d tl:e value of the otlier asEets trans- ferred or deerr.ecl to hc.se been nansferrcd under Section 21 by the M01tgage Barks to the Central Mort- gage 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.