17 Cuban Investments 



The loans shall be made in cash and the rate 

 of interest on the same shall not exceed seven 

 (7%) per cent per annum. 



These mortgage bonds may be issued in bearer 

 or registered form, transferable by simple endorse- 

 ment. 



The total amount of such mortgage securi- 

 ties issued shall in no case exceed the aggregate 

 of the corresponding mortgage loans. 



They shall bear the signatures and rubrics of 

 the Manager, the Cashier and the Official Comp- 

 troller appointed by the Government. 



The obligations, warrants or mortgage bonds, 

 whether registered or to bearer, shall have the 

 legal force of public deeds upon which confirmed 

 sentence in foreclosure proceedings has been 

 rendered, for the purpose of claiming the pay- 

 ment of the principal and interest due from the 

 Bank, by judicial compulsion. 



These securities shall be specially guaranteed 

 as to principal and interest by all personal or 

 real properties constituting the assets of the Bank, 

 as well as the real properties mortgaged under the 

 loans made. 



The party presenting obligations, warrants or 

 mortgage bonds payable to bearer, or their 

 coupons shall be recognized as the owner thereof. 



