We do not concur that the terms out-of Point twenty-six, supra, were violated by the techniques with the brand new Administrator. Which point provides that when this new Board finds your effective and you may inexpensive accomplishment of reason for this section could be helped from the particularly action, plus accordance with particularly rules, statutes, and you can purchases since Board could possibly get suggest, “any Government Home loan Lender is generally liquidated otherwise reorganized, and its own stock paid and you may retired entirely or even in area within the connection therewith immediately following * * * while making provision to the percentage of its debts. * * * [and] every other Government Home loan Bank will get, with the approval of one’s board, acquire assets of any such as for instance liquidated or reorganized financial and you can guess debts thereof, in whole or in area.”
Continue lendo “Because the Lender away from Portland is abolished, we”