Creation of Corporation: Name

Principal Offices. Authorized Activities of Corporation. General Powers: Termination Date. Bonds as Special Obligations. Waiver of Recordation and Other Fees. Bonds as General Obligations of the Housing Corporation. Trustee for Board and Bondholders. Validity of Pledge. Utilization of Federal Agencies and Instrumentalities. Housing Corporation Guarantee Fund. Direct Loans to Veterans. Corporation’s Use of Funds. Appropriations. Board of Directors. Transfer of Functions. Rental Housing Guarantee. Authorization to Accept Direct Advances from the Federal Home Loan Bank. Debt to Income Ratio. COL9/7/2021 CH. 4 GUAM HOUSING CORPORATION