SECTION 330:15-1-2. Authority

  The Agency is authorized by its Trust Indenture, Article IV, Sections (2), (3), (4), (5), (8), (14), and Article VII, Sections (7), (9), (13), (17), and (19) through (43), to plan and implement single family mortgage loan programs to provide financing by various means for the construction, acquisition, purchase and/or rehabilitation of single family owner-occupied dwellings located within the State. Specific reference should be made to the Agency's current Trust Indenture for the exact provisions for the specific scope of authorization. The Agency is authorized by Title 60, Oklahoma Statutes Supp. 1987 Sections 176, et seq., to issue its evidences of indebtedness for the purpose of financing housing or housing programs as an authorized and proper public function for public trusts.