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12/27/34

4.(a)

Thar© 1®

established in tb©

• trust ftt»a to l*$ kao«n

'»«tt iW»t Fuztd%

of tka f

ffci

and #lr«ot#t to

•Mi &*>!$ la t h i s fund Hgr «i*<3 a l l ttain»y& d*Xt?*7*d in
with i^cti^a I W IfttM i H 1$ aa^ Hlt%i an^B^f %• him &t
f
m% UK$ baak dAnlgfiAt*^ lif bitt far th# p«VfMHl| ttl t o
hol«i th« la«o«si« derived th«3?«fros;.

fta fiisd o r a^y

•part thereof irniy m lnve«t«d or r*inT*9tad in aay prii«try ot»ll|;atioaa
M t i

5t&t«» ow in. » S | ol>ll#itioas gjj.g> jjntfl as to
i n t a r e a t If llMt United MfttMI| i B i MWl

©ay IM mc%"alr»d fe^ purohiia^ of yrtHrtNlliiH obX^atlona a t H
pric« tb^raDf or on o r i g i n s ! i«t.<u* at par.

O&Iig&tlorm &c-.v*ii.?®S

by M l fund ©a orl^la&.l ii,ay« t nkloll Kfi is*saQ4 » i » l m i f j j l to th<
M
fund, RltftiU i Mt » Wrtwi of l a l m i t «i7UJtI {ui%®r aii adju^xm^nt %Q
M t*
! • * • • on^-^iflitfe Ml! one- a#» csnt} ! • tba ai*r. t* W N of
Ml
of

of

all f

^»ii

af t.h«ipubiie deut.

directly to tfci fand) than
^r obll#?stiv3a as^uire^ far

ftfti shstll b# r*e^uirad on

lui to a y y l i a an |Ai4Nl%at

?hieli alii I t n®% bi

by «>r# Hub* « > w l t > 1 a ttt M
M
I t s b ^ l i V« j ^ J B i l I t gift




such port Urn at tbe

af

MM

i s Rot, iu

'-very

required to tm®t curre&t # itfedra*al#t

r

^ s pwpoeee for ifeieh
i k e ;&KM»B

Lle«Vty dotkA .lot, as aiwittdedt are kiMfcf extended to authorise
iautt&Mia thereof to MM ftiftA for the f*l# purpose §f providing i t
tfi&h »i*itiTsX«- iaf^»tsa«fitt£ at such IstftfNrt Wtee Ml *&$ ee required
for the purposes ef t h i s aeotlon, notvit^et^fidla^ the siw&ilobillty
in th<* r^rket «f 9&Xigatlont» ef tins Tjsit#d atatee bearing HM s yi
w r©
or differaat interest r a t e s .
(b)

BMUI

^;tate a^eaey sUall h^^f^ an u&divided iat«r®st ia the

fimd, uut Iki D'?cr«tary of tk© Treasury ehail
sgalc aecoimt for ©ao^ Boeb iito.te &gea«y, kkl
to i t i k ffMk ac©Q«at a p-ro^ortionete part of tae eajrnifc&e tf t!ie
fuad for M | t M i # l i i quarter, onfefe.eMais of t&a st#3?ag© dttlly
M
baleaes of smh e^oettat*
(e)
to

T « >eaw^tt| of tk« "fr®a&^r> i® »<rtki»flie4 m l directed
&

&J otjt if Iki fuad to any •%•$• «g#rmy stieh part of the M Mf
M I
M my N &^ly tequieitic*Red III eQeord«,nt?®
Ut %i 5 ter^e tf t h i s let*
!<

jfci'iiitil1 is order %Q Hkttl i*ay sueh

i t 1« sieos^teary to dispose of any obli^itioris held in U
the ie^petary of Iki ?rt§m.«uri* is &uthori^®4 t© s e l l pmii s
>
OR the Market, or It ao^uire such teliflltittUI Nv Ik* Mt#Ml of Iki
Nftlii et the Hnrkit priee kbereofi

prpyided, tk»l ofeligetiO

kl Iki UMil • iW N so acquired for Iki aeooust
of tlie toi%#4 :>ta%»e at \>&T ilfte MtfWil interests




"?her* is hereby

of M f
00th MM

M

f o r l b « &*0<>ti&t

is

(4)
at

•

/

•

rx
I

-

n.%

m

*

t l a fair

ld;t«rrii«t« to

•, ttl or
. -

i f ^&
%
II

rFop

to

1

. Ljf I i UMI
(HietIon«




•§

of

I*

it

to ig»»«%iiiWI («}

ti

to
*l

ft

tbt-a

this MNHIMI &• ii«3r#% row

H fi«y i l i i i iipMy l i tiwi IMlg ^r (i) niMti AM Hjii iff

or soldi f i t t-h# *e«onat i f HM fillip ifeft&l i i i & »ff»«tiy»
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