Amendment status not verified — confirm the current text below against the official source.
(1) For tla: purposcs or a:ly investment which the Bosrd is :~uthorised securites to :?lake ujlder this Act, it s:1111 bta l~wful for the Bxrd to :.esarvc and sct apart fr,r Roard'sowr. a.1" S:2u*ities to b; inucl by it on acs3unt of any btt~l to which the collvent of tllu i .~vestrnents. Govcrnme~lt h ~ s b22n given, provided that thi: intelltion to so ressrve and set apart su:R j::>*itl~3 hzs been notified as a col~dition to the issue of the loan. (2) The issue by the Board of such securities direct to and in the name of the Bxrrd shall not op:rata to extingtlish or olncel such securities, but cverj' security so issued siirll b~ vkrlicl iri a11 T Z ~ ~ J S S 3s if issued to and in the name of any other person. (3) Thepurchase by ti15 Bawd s r the transfer. assignment or andommont to the Board of any seourity issued by the Board, shall not opeyate to axtinguhk or cancel any sudh sasurity but ths s ~ m 3 shall b: valid and negotiable in the same lnannar and to the 9'271: axteat a% ii held by or trnnsferred or assigned or endorsed to any other person.