Federal Home Loan Mortgage Corporation Charter Act

[AI summary unavailable — showing source text] Federal Home Loan Mortgage Corporation Charter Act - Establishes the Federal Home Loan Mortgage Corporation which shall be a body corporate and under the direction of a Board of Directors. Sets forth the composition of such Board and the terms of membership. Sets forth the powers of the Federal Home Loan Mortgage Corporation. Declares that the Corporation shall have common stock, without par value, which shall be vested with all voting rights, each share being entitled to one vote at all elections of directors. Authorizes the Corporation to issue nonvoting common stock, with or without par value as shall be determined by the Board from time to time. Permits the Corporation to prohibit any person or organization from acquiring, holding, or voting, directly or indirectly, the beneficial ownership of more than 25 percent of the shares of voting common stock. Permits the Corporation to have one or more classes of preferred stock. Declares that each class of preferred stock of the Corporation shall be entitled to such annual dividend as shall be fixed by the Corporation at the time of issuance or sale of such class of preferred stock. Authorizes the Corporation to purchase, make commitm…