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HB2827 |
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LRB095 06440 RCE 26541 b |
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| evidenced by mortgages,
deeds of trust, notes, debentures, |
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| bonds or other secured or unsecured
evidences
of indebtedness |
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| of such agribusiness as the Board may require;
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| (c) To purchase, or to make commitments to purchase, from |
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| lenders notes,
debentures, bonds or other evidences of |
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| indebtedness secured by mortgages,
deeds of trust, or security |
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| devices, or unsecured, as the Authority may
determine, or |
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| portions thereof or participations therein, which notes, |
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| bonds,
or other evidences of indebtedness shall have been or |
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| will be executed by the
obligors thereon to obtain funds with |
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| which to acquire, by purchase,
construction, or otherwise, |
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| reconstruct or improve Agricultural Facilities;
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| (d) To contract with lenders or others for the origination |
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| of or the
servicing
of the loans made by the Authority pursuant |
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| to this
Section or
represented by the notes, bonds, or other |
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| evidences of indebtedness which it
has purchased pursuant to |
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| this
Section; provided that such
servicing fees shall not |
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| exceed one percent per annum of the principal amount
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| outstanding owed to the Authority; and
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| (e) To enter into a State Guarantee with a lender or a |
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| person holding a note
and
to sell or issue such State |
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| Guarantees, bonds or evidences of indebtedness in a
primary or |
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| a secondary market.
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| (Source: P.A. 93-205, eff. 1-1-04.)
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