Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding anything to the con trary contained in this part, the Corporation may con solidate all or any of its loans and for that purpose may invite tenders for a new loan, to be called “the Cor poration Consolidated Loan, 19—” and invite holders of the municipal debentures to exchange their debentures for scrips of such loan. (2^ The terms of any such consolidated Ioan and the form of its scrip and the rates at which exchange into such consolidated loan shall be permitted shall be subject to the prior approval of the Government. 95 (3) The period for the exchanging of any such consolidated loan shall not, extend beyond the farthest date within which any of the loans to be consolidated would otherwise be repayable. (4) The Corporation shall provide for the repay ment of any such consolidated ioari by a sinking fund in the manner laid down in section 128, having regard to the amount transferred to such sinking fund under section 129. payment for