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<br /> 14 <br />1 tions in such forms and denominations, bearing such maturi- J, <br /> . <br />2 ties, and subject to such terms and conditions, as may be <br />3 prescribed by the Secretary with the concurrence of the Sec- <br />4 retary of the Treasury. Such notes or other libligations shall <br />5 bear such maturity dates as shall be 'appropriate to assure <br />6 that water authorities issuing obligations insured by the Sec- <br />7 retary pursuant to this Act are not unduly burdened as the <br />8 result of the annual fees imposed pursuant to section 4 <br />9 hereof. Redemption of such notes or obligations shall be <br />10 made by the Secretary either from appropriations which are ,. <br /> (,) <br />11 hereby authorized for this purpose or from moneys on deposit / <br />_J.e..... <br /> ..... ~.' <br />12 in the Fund. Such notes or other obligations shall bear inter- <br />13 est at a rate determined by the Secretary of the Treasury, 1; <br />14 which shall not be less than a rate determined by taking into <br />15 consideration the average market yield on outstanding mar- <br />16 ketable obligations of the United States of comparable matu- <br />17 rities during the month preceding the issuance of the notes or <br />18 other obligations. The Secretary of the Treasury shall pur- <br />.' <br />19 chase any notes or other obligations issued hereunder and for <br />20 that purpose he is authorized to use as a public debt transac- J <br />21 tion the proceeds from the sale of any securities issued under <br />22 the Second Liberty Bond Act and the purposes for which <br />23 securities may be issued under that Act are extended to in- <br />24 clude any purchase. of such notes or obligations. The Secre- <br /> 'J <br /> <br />H.R. 4380-ih <br />