51 tal-1991
Statutory Text (5 Articles)
L.N. 51 or 1911 1
LOCAL LOANS (REGISTERED STOCK AN D SECURIT IF-S)
ORDI NANCE. CA P. 16 1
I>lncli ve by the Minister of Finan~
for the Issue of Lm l ,000,000
6.5 % l.otlll l}tvtiopment Registered Stock 1996/97
(SECO ND ISSUE)
IN e~ercise or llle powers conferred by Section 4(1)(a) orlhe L..ocal
Loans (Registe red SlOck and Securities) O rdi nance . Ca p. 16] , the
Minister of Finance has authorised thl the: sum of Lm l .OOO.OOO 6.5%
Local Development Registered Stock 1996197 (Second Issue) be
created and issued as rollows;~
I. The Stock shall be issued al the price 0 1 LmlOO per cent and
sha ll be allotted by application. The Stock . whe n fully paid, sha ll be
registered. Applications for the all otment of stock shaH open on
Monday. 29t h April. 1991 aI9.00 a.m. alld shall close at ]2.00 noon on
Saturday. the 11th May. 1991 or earlier at the discretion of the
Accountant Gene ral.
applikazzjoni. MCI9 jilhallas ghal ko llox. I·is/od: j ip regislral.
App likaujoniji et ghall-ghoti la 'l-islock jifthu t - Tnejll. 29 13' April. 1991
u pghlqu roofs in-nhar la' "har is-S ibl , IlIa' Mejju, 1991 jewqabd fid-
diskrezzjoni la' t-A l'CQI.,,/un/ G~,.~ral.
gh andh ~
t illg~b~r
The sum o f money to be raised by the Mock shall be
Lml,OCO,OCO.
J. Interest shall be payable in arrear half-yearly-on the I llh day of
May and the 11th day of Novembcr of every ye ar duri ng the cu rrencyof
the stock. The first payme nt of Lm3. 25,O per Lm 100 stock covering the
period from th e 12th day of May. 1991 to the I Jth day o f N o~e m ber,
1991 . shall be made on t he 11 th day of November. 1991 .
A half,yearly appropriation of not 1CS5 th an Lm 1O.0c0 out of
the general revenue and assets of the Govemment of Malta shall be
made as a contribution to the si nking fund established for the purpose of
redeeming the stock . The first con tribution shall be made wi thin th ree
years from th e 12th day of May. ]991 .
5, Th e Stoc k shall be redeemed at par o n such date be tween the
]st day of J anuary. 1996 and the 3 1st dayof December. 1997 (both dales
incl usive) as shall be determi ned by the Acco untant G e neral and
notified in t he Gueue. Stock shall be redeemed only on the surrender
o f the stock certifica te issued.
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-of /ftfq<",,"i _ _ c...nn.
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M;'buglo n·I".m""ri,. '01 ·0 .. ,. _ r.;,,«d., rh< 00"'"_.' """';'" P,,~
p,.zz:le _ p"", 1<
L-urock ghalldu jigi mifdi b'p.lrila· fdi k id-data bejn I-I ta'
hnnar. 1996 u 1-3 1 la' Dii:cmbru , 1997 (it-:i:cwg d3li mnghdudin ) kif jigi
stabbili t mill-ACCQllll/a/ll General u avbt fil-G~1.ZeHa . L-u/ock jigi
mifdi biss mal-konsenju lac-i:ertifik:1I ta ' l-iSlock mahrug.