52 tal-1991
Statutory Text (5 Articles)
1..1'1'. 52 of 19'.1 1
I.OCAL LOAl'iS (REG ISTERED STOCK ANI) SECU RITI ES)
O Rm NANCE. CA I'. 16 1
I)ira>tive by the 1\1 inister of Firlllll«
for the is:o;~ of I. m I ,000,000
7% Local Den' lopnwnt Reglslem Stoc k 2000/200 '
(SECON D ISSUE)
[1'1' exercise o f the PO""crs conferred by 5«tion 4( 1)( a) of the Local
Loans (Registered Stock and Securities) Ordinance. Cap. 161. the
Minister of Finance Ilas authorised that Ihe sum of Lm 1.000,000 7%
Local Development Registered Stock 2000I2001 (Second Issue) be
created and issued as follows;-
I. The Stock sha ll be issued 31 the price of I..m102 per cent and
shall be 311011Cd by application . The Stock. when fully paid. shall be
registered, Applications for the allotment of stock shall open on
Monuuy. 29th April, 1991 at 9.00a.m. ond shall close at 12.00 noon on
Smurday. the 11th Ma y. 1991 or earlier at th e discretion of the
Accountant General.
applikaujoni. Meta jithallas ghat kollo~ l·jslock jigi registra!.
Applikazzjonijiet ghall-ghoti la' I-istack jifthu 1-T ncjn, 19 la' April. 1991
u jaghlq u fnofs in-nhar la' nhar is-Sibl. ! ITa' Mcjju. 1991 jcw qabcl fid·
diskrczzjoni ta' I-A ccount.ml Genua/.
bl-iS/od tkun la' s... .... , •. n",
tin~ab3r
Is-somma ta ' Ilus li ghandha
The su m of money to be raised by the stock sha ll be
Lm 1.000.COO.
I nll~re~t shall be payable in arrear half-yearlyon the I l thdayof
J,
May and the 11th day of Novemberof every yea r during the turrencyof
the $tock. The firM payment of LmJ.SO.O per Lm 100 stock covering the
period from the 12th day of May 1991 to the 11th day of No\·ember.
1991. shall be made on the 11th day of November. 1991.
A half-yearly appropriation of not less than Lm IO .COO out of
the general revenue and assets of the Government of Malta shall be
mode as a contribution to t he sink ing fund established for the purpose of
redeemi ng the stock. The fi rst contribution Shilll be made within three
yeilrs from the 12th day of May . 1991.
The Stock sllall be redeemed 01 the rHte uf LmlOO for every
LmlOO stock on such date between the 1st day of January , 2{xx) and the
31$t day of December. 2001 (both dates inclusive) as shall be
determined by tile Accountant Gene ral and notifi ed in the G azelle.
Stock shall be redee med only on the surrende r of th e stock certificate
issued.
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