Housing Finance Agency Act, 1981
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Memorandum of association and articles of association of Agency. |
4.—(1) Subject to subsection (2) of this section, the memorandum of association of the Agency shall be in such form consistent with this Act as shall be approved of by the Minister with the consent of the Minister for Finance and the Minister for the Public Service. | |
(2) The objects of the Agency stated in the memorandum of association shall include the following: | ||
(a) to provide, by way of mortgage or charge, loans for the acquisition or construction of houses, | ||
(b) to provide moneys to enable such loans to be made by housing authorities, and | ||
(c) to borrow money for the aforesaid purposes. | ||
(3) The articles of association of the Agency shall be in such form consistent with this Act as shall be approved of by the Minister with the consent of the Minister for Finance and the Minister for the Public Service. | ||
(4) The memorandum of association and the articles of association of the Agency shall each be laid by the Minister before each House of the Oireachtas as soon as may be after the requirements of section 2 of this Act have been complied with. | ||
(5) Notwithstanding anything contained in the Companies Acts, no alteration in the memorandum of association or articles of association of the Agency shall be valid or effectual unless made with the previous approval of the Minister, given with the consent of the Minister for Finance and the Minister for the Public Service. |