Common use of Miscellaneous Operations Clause in Contracts

Miscellaneous Operations. In addition to the operation specified elsewhere in this Agreement, the Corporation shall have the power to: (i) borrow funds, and in that connection to furnish such collateral or other security therefor as it shall determine; provided, however, that before making a public sale of its obligations in the markets of a member, the Corporation shall have obtained the approval of that member and of the member in whose currency the obligations are to be denominated; (ii) invest funds not needed in its financing operations in such obligations as it may determine and invest funds held by it for pension or similar purposes in any marketable securities all without being subject to the restrictions imposed by other sections of this Article; (iii) guarantee securities in which it has invested in order to facilitate their sale; (iv) buy and sell securities it has issued or guaranteed or in which it has invested; (v) exercise such other powers incidental to its business as shall be necessary or desirable in furtherance of its purposes.

Miscellaneous Operations. In addition to the operation operations specified elsewhere in this Agreement, the Corporation shall have the power to:— (i) borrow funds, and in that connection to furnish such collateral or other security therefor as it shall determinedetermine ; provided, however, that before making a public sale of its obligations in the markets of a member, the Corporation shall have obtained the approval of that member and of the member in whose currency the obligations are to be denominateddenominated ; (ii) invest funds not needed in its financing operations in such obligations as it may determine and invest funds held by it for pension or similar purposes in any marketable securities securities, all without being subject to the restrictions imposed by other sections Sections of this ArticleArticle ; (iii) guarantee securities in which it has invested in order to facilitate their salesale ; (iv) buy and sell securities it has issued or guaranteed or in which it has invested; (v) exercise such other powers incidental to its business as shall be necessary or desirable in furtherance of its purposes.