MT
34 tal-1991
Statutory Text (5 Articles)
1..:'01. j.& of IY'1 I
LOCAL LOM~S (REGISn: RF.11 STOCK AND SECURITU.:.s.
ORDI NANCE. CAI'. 161
l>in~II,'e by Ih~ Ministn of }'inance
for Ihe issue of tm 1.000.000
6.S % Loc~I I)e"elopmenl Regblen'd Stoek 1996197
IN excrei"" of t he pctYo'ers ronferreo.l by Seetiun 4( I Xa) of the Lo.:al
Lu;ms ( Registe red S,oe" and ~urilies) Ordin ance. Cap. 16 1. Ihe
Mini,la of Finance hl.S authoriSc."d Iha1 the ~U lll of LIlI I.OOO.O()() Local
Den'lopm"nl I{ cgb1Cred Sloe\; 1996197 he cn.";ned and issued a~
r"lIows:-
I. The Stock shall be issued allh c price of Lm lOO per ce nt amI
shall be allo u ed by "pplic:l1ion. The Slock. "hen fully paid. shall be
regislered . Applica tions for the allot men t of stoe k shall oPC!l 0 11
Mono.lay. 25 th ~h reh . 1991 at 9.00 a. m. and shall close al 12.00 noon on
Sall1rd3y. the 13th April . 1991 o r earlier at the discretion of lhe
Accountant General.
b~
The sunl of money to be raised
Meta jithallas ghal ko llo,l( I'u-Iock jigi regish al.
~ppl i k a1.ljoni_
Appli kaujonijic t ghall-gh01i ta' I,u-Iock jifthu ' -Tnejn, 25 ta ' Manu,
1991 u jagh lq u fnofs in-nhar la' nhar i,..Sibl , 13 la' April. 1991 Jew qabc:1
fid·dis krcuj<>ni la' I· A cco"",anl Gtnt ral.
Ihe >lock sh:,1L be
LIll 1.000.(.'01
J. I n tere~t ~ha ll he payable ill arrear ha lf-yel.rly on I he 13t h d ay of
Apri l and the 13th day of October of every rcur du ring Ihe currency of
Ihe stoc k. The first p:lymel1t o f LmJ. 25.0 pe r Lm [00 stock CO"ering t he
period from Ihe 14th o.Iay of April. 1991 10 the 13th d3y of <Xlobe r. 1991 .
_hall be made 011 the [3th da~' of October. 199[ .
L-imghax ghandu jil hallas b'lu ra kull silt xhur n-13 la ' April u
fil·illa' Otlubru ta ' kul1 sena malul il,kors la' I-!sfOck . L-ewwel hlas ta'
Lm 3.25,Q kull LmlOO 5/ock rclallivamen l ghall-pcrijodu bej n 1_ 14 la'
April , 1991 ut-ilia' Ollubru , 199 L ,ghandu jsi r fit -13 la' Ollubru . 1991.
4, Approprjaujoni kull sill XhUT ta' mhux anqas minn Lm 1O.00J
mid·dhul gene ra l; u mill-alliv lal·Gvern la' Malla ghandha ssir bhal~
kon lribuujoni ghall·fond la' am mo rtiua me nl sabicx jifdi I·i!lock. L·
e ...... d konlribuzzjoni ghandha SSiT fi imie n liCit snin mill -14 18' April.
199 1.
5, L·!stock ghandu jigi mifd i b'pa riI3 ' fdl k id·dat~ bejn I-I la '
Jannar, 1996 u 1-31 13' Dieem bru. 1997 (it-~ewg dali maghd udin) kif jigi
stabbili l mill -AccQIln/all/ General 11 a~ at fil -Ga:aetla. L-islock jig;
mifdi biss mal-konscnja lac-ce rlifi kalla 'I-u-tock mahrug.
A half' )'eMly appropria! ion of nOI less than LmJO ,{O) out of
the g<"neral re\'enu~ and ;.,scts of the GO"crnmem of ~l3lta shall be
made as a co ntri bution to the sin king fund established ror th e purpose of
redee ming the stoc~, The first cOnlri bu tion sh,,1I be m ~de with inlhrcc
yea rs from the 14th day of April. 1991 .
S. The Stock sha lt be redee med al par on suc h date bet ... ·een the
1st da yof January. 1996and th~ 3 1s1 day of Decembe r. 1997 (oolh dm,·s
indusi"e) as shall be delerm incd b~' the Acoou mant General and
notified in the Gazelle . Slock shall be redeemed only on Ihe surrender
o f t he ~lock ccrtifieate issued.
11'!'I'1>N ,~ .... ,d·!),p .. " .... ", .. Ho'''''''''''' '''' _ ":""'"
r.M Jo.-.l~, ..... /I .. ,..,,,.,,,, ,.1 ,.,.~""""'" - ( .,",,,
M "II<I~~ H.t".mf""!' •• t·G , " ,"
/'"",, d ", ~" ( ,," . '",,",,'. , / ~,,, ,,,, ,. , '", .