7% Local Orvdopnwnt Rrgislurd StMI< 2000I200 1 (ln_1991_36) | MT

Malta Government Gazette — Legal Notice 1991 36 — 7% Local Orvdopnwnt Rrgislurd StMI< 2000I200 1

or 1\191

LN. 36

LOCAL LOANS (REG IST ERED STOCK AND SECU IUT1t::S)

ORDlNANO:. CA P. 161

I)irKlh'~ by tM Minister 01 t'inan«

ror Ih~ is:wf: 01 Lm l.OOO,OOO

7% Local Orvdopnwnt Rrgislurd StMI< 2000I200 1

IN exercise o f . hc powers conferred by Section 4(1 lea) of the Local

Loans (Registered Stock and Securit ies) Ordi nance. Cap. 16\. the

Ministe r of Fi nan~ has autho ri se d th at the sum of Lm 1 ,000.000 7%

Local Dcvelopmem Registe red Stock 200012001 be created and issued

as follows: -

I . The Stock shall be issued 31 t h~ price of Lm lOZ per cent and

shall be 3l1oll~d by applica.ioo, 11lc Stock. when fully paid. shall be

register~d . Applicat ions for .he al10tmcn l of stoc k shall open on

Monday. 25 th March , 1991 at 9.00 a.m. and shall close al 12.00 noon on

Saturday. the 13th April. 1991 or earli er 3t the discretion of the

Accountant General.

Malta Government Gazette — Legal Notice 1991 36 — 7% Local Orvdopnwnt Rrgislurd StMI< 2000I200 1

lllc sum of money 10 be raised by the stoc k shall be

Lml.ooo.ooo.

J. J nte rest sha ll be payable in arrea r ha lf-yearly on the 13th day of

April and the 13th day of October of cyery year during the currency of

the stock . Th e first payment of Lm3.50.0 per LmlOO stock covering the

period from the 14th day of April 1991 to the 13th day ofOc.obe r. 1991,

sha ll be made 011 the \3lh day of Oclobe r. 199 1.

Malta Government Gazette — Legal Notice 1991 36 — 7% Local Orvdopnwnt Rrgislurd StMI< 2000I200 1

A half-yearly appropriatio n of not le ss than LmlO.ooo OUl of

tbe general revenue and assets of the Goyernment of Mall a sha ll be

made asa con tribution tot he sin king fund cSlablis hcd for the purpose of

redeemi ng t h~ slock. The first con tribution shall be made within three

years from the 14th day of Apri l. 199 1.

S. The Sloc k shall be redeemed 3' the rale of Lm 100 for ey~ry

Lm 100 stock on such date between the ISl day of January. 2000and the

31st day of Decembe r. 2001 (hoth dat es inclusive) as sha ll be

de termined by the Accountant Genera l and notifi ed in the Gazelle.

Stock shall be redeemed only on the surrender of th e ,lOck certificate

issued .

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7% Local Orvdopnwnt Rrgislurd StMI< 2000I200 1