46D. National Housing
Credit (Long Term Operations) Fund.- (1) The Bank
shall establish and maintain a Fund to be known as the National
Housing Credit (Long Term Operations) Fund to which shall
be credited every year such sums of money as it may consider
necessary.
(2) The amount in the said Fund shall be applied by the Bank
only to the following objects, namely:
(a) the making to the National Housing Bank of loans and advances
for the purpose of any business of the National Housing Bank;
(b) the purchasing of bonds and debentures issued by the
National Housing Bank.
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