6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197 (ln_1991_152) | MT

Malta Government Gazette — Legal Notice 1991 152 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

Preamble — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197 Open official source

L.N. 152 of 1991

LOCAL WANS (REGISTEREI) STOCK AND SECURITIES)

OKDINANCE, CAP. I"

I)I~ .. ~ by tJw Mlni:sl~ or .. 1na.Pa

tor tbe _ _ or Lml,SOO,OOO

6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

(SIXTH ISSUE)

IN exercise of lhe powers conferred by Section 4(1)(a) of the Local

Loans (Regi' tered Stock and Securi ties) O rdinance, Cap . 16 1, the

Minister of Finance has authorised that the sum of Lrn2 ,SOO ,OOO 6 .5%

local Development Regi stered Stock 1996197 (Sixt h Issue) be created

and issued lIS follo~ :-

Malta Government Gazette — Legal Notice 1991 152 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

Reg. 1 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197 Open official source

The Stock shall be issued at the price of Lm 100 per ce nt and

shall be a1ioned by application . Tbe Stock , when fully paid, shall be

registered. Apptications for the allotment o f Stock shall open on

Monday , 7th October, 1991 at9.00a.m. and shall close at 12.00 noon 0 11

Saturday, the 19th October, 1991 o r earlier at the discretion of t he

Accountant Gelleral.

Malta Government Gazette — Legal Notice 1991 152 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

Reg. 2 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197 Open official source

The sum o f money to be raised by the Stock shall be

Lm2,SOO,00l.

J. Interest shall bepayable in arrea r hal f·yearl yon the t 9thdayof

October and the 19th day o f A pril of eve ry year during the currency of

the Stock. The firsl payment of Lm3.2S ,0 per Lm 100 Stock covering the

period from the 20th day of October ,1991to the 19th dayof April , 1992,

shall be made on the 19th day of Apri l, 1992.

Malta Government Gazette — Legal Notice 1991 152 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

Reg. 4 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197 Open official source

Tbe fi rst LmSO interestthercon will be exempted from Income

Tu.

s. A half·yearly appropriation of not ICM than Lm2S ,OOO out o f

the gene ral revenue and assets of the Govern ment of Malta shall be

made as a contribution to t he sinking fund established for the purpose of

redeeming the Stock. The first cont ribution shall be made wi thin three

years from the 20th day of October, 1991.

Malta Government Gazette — Legal Notice 1991 152 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

Reg. 6 — 6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197 Open official source

11Je Stock shall be redeemed at par on sueb date between the

IS! dayof January , 1996and the 31sl dayofOe<lember, 1997 (both dates

inclusive) u sha ll be determined by the Accountant GelleTal and

notified in the Gazelle. Stock shall be redeemed only on t he surrender

of the StOCk Cenificate issued.

- /C.,.;q.

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6.5% Loc:al Otvdopmnll R~ StodI: 19Wi197

Statutory Text (5 Articles)

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