C-75 - Farm Credit Act

Full text
18. The Government is authorized to acquire, by purchase, exchange or in any other manner, upon such conditions and for such amounts as it may determine, bonds, debentures or other securities of the Bureau, which latter is authorized to negotiate in consequence with the Government.
The sums required for the acquisition of such bonds, debentures or securities shall be paid out of the consolidated revenue fund.
The Government may, however, authorize the Minister of Finance to borrow, for a period not to exceed thirty years and upon such conditions as it may deem expedient, the sums required for the purposes of this section.
The sums paid to the Bureau by the Government to be used for the purposes of this act constitute loans on such conditions as are determined by the Government, and such loans are not subject to paragraph a of section 11.
R. S. 1964, c. 108, s. 13; 1965 (1st sess.), c. 38, s. 2; 1977, c. 5, s. 14.