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  • Sec. 394.032. GENERAL POWERS. (a) A housing finance corporation may:(1) make contracts and other instruments as necessary or convenient to the exercise of powers under this chapter;(2) incur liabilities;(3) borrow money at rates determined by the corporation;(4) issue notes, bonds, and other obligations; and(5) secure any of its obligations by the mortgage or pledge of all or part of the
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