§ 70. General policy. It is hereby declared to be the policy of this
article to encourage the investment of the savings of the people in low
rent housing accommodations, to protect such investment against loss and
to assure a fair return thereon. To this end, every responsible official
of the state shall, wherever necessary, take all reasonable steps to the
end that the security and safety of the mortgages referred to in this
article shall be safeguarded and to maintain public confidence in the
stock and obligations of housing companies created under this article.