452 LAWS OF MARYLAND [CH. 131

deuces of indebtedness; whether secured or unsecured, therefor;
and to secure the same by mortgage, pledge, deed of trust, or other
lien on its property, rights, and privileges of every kind and nature
or any part thereof.

(iv) To lend money to, and to guarantee, endorse, or act as surety
on the bonds, notes, contracts, or other obligations of, or otherwise
assist financially, any member association; and to establish and
regulate the terms and conditions with respect to any such loans
or financial assistance and the charges for interest and service
connected thereivith;

(v) To purchase, receive, hold, lease, or otherwise acquire, and
to sell, convey, mortgage, lease, pledge, or otherwise dispose of, upon
such terms and conditions as its BOARD OF directors may deem ad-
visable, real and personal property, to the extent permitted under the
provisions of either Section 160Z or Section 161Z of this Article (1961
Supplement), as amended from time to time, depending upon which
is effective; together with such rights and privileges, as may be
incidental and appurtenant thereto and the use thereof, including,
but not restricted to, any real or personal property acquired by
the Corporation from time to time in the satisfaction of debts or
enforcement of obligations.

(vi) To invest any of its funds, upon proper authorization thereof
by the board of directors, in any of the following:

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A. CASH OR DEPOSITS IN CHECKING OR SAVINGS AC-
COUNTS, OR UNDER CERTIFICATES OF DEPOSIT IN NA-
TIONAL OR STATE BANKING INSTITUTIONS, WHICH ARE
MEMBERS OF THE FEDERAL DEPOSIT INSURANCE CORPO-
RATION.

B. Savings and loan association share accounts to the extent that
such accounts are insured by the Federal Savings and Loan Insurance
Corporation.

C. Interest-bearing bonds, notes, certificates of indebtedness, bills,
or other obligations of the United States, any State, or the District
of Columbia, or of any commission, instrumentality, agency, author-
ity, or political subdivision thereof having legal authority to issue
the same.

D. Interest-bearing bonds, notes, or other interest-bearing obli-
gations of any corporation created or existing under the laws of
the United States, any State, or the District of Columbia.

E. Dividend-paying stocks or shares having readily marketable
values of any corporation created or existing under the laws of the
United States, any State, or the District of Columbia; provided
that the Corporation may not invest more than 10% of its total
assets in such stocks, nor more than 8% of its total assets in the
stock of any one corporation.