6.S ~ Local J)e.'doptMn l Regislend Stock 1996197
Statutory Text (4 Articles)
L.N. 78 of 1991
LOCAL LOANS ( R~:;clSTF.RED STOCK AND S~::cURITIES)
O RDIN ANCE , CAP. 161
l)irf'(:li~t by IM Mlnlsltr of Fln.~
ror IM issue 01 Lml.500,OOO
6.S ~ Local J)e.'doptMn l Regislend Stock 1996197
(T HIRD ISSUE)
IN exercise of the powers conferred by Section 4(1)(a) of the Local
Loans ( Registered SI()(k and Securities) Ordinance , Cap. 16 1. the
Minister of Fi nance has aut horised that the sum o f Lm 1.500.000 6.5 %
Local Developmen t Registered Stock 1996197 (Third Issue) be created
and issued as folLows:-
I. The Stock shall I;)e issued al the price of Lm 100 per cent and
shall be allotted by application. The Slock. when fully paid. shall be
registered. Applica tions for the allot men t of Stock shall open on
Monday, 3Td June, 1991 011 9.00 a.m. and shall clQs.e al 12.00 noon on
Sat urday, the 15th June. 1991 or earlier al Ihe discretion of the
Accountant General.
~ppli kazzjon i.
MCla jithallas ghal kollo~ l·iS/od jigi registral.
Applikazzjonijiel ghall·gholi la ' l· iSIQC/( jiflhu I·T nejn, 3 ta ' Gunju.
1991, fid ·9 a.m. u jaghlqu fnofs in·nha r la' nhar is·Sibl, IS la' Gunju,
1991 jew qabel fid,diskrezzjoni la ' I,A« Qllmon/ Gt:naol.
The sum of money to be raised by the Stock shall be
LmI.500.000.
Interest shall be pay~ble in arrear half-yearly on t he 15th dayof
JUlle alld the 15th day of December of every year du ring theeurrency of
the Stock . The first payment of Lm3.25.0 per LmJOOStock cove ring the
period from the 16th day o f June. 1991 to the 15th day of Dccembe r.
1991. shall be mode on the 15th day of December. 199 1.
... A half-ye arly appropriation o f not less than Lm I5.000 out of
the gcne ral rcve nue and anelS o f the GO\'cmment of Malta shall be
made as a contribu tion to the sinking fund established for the purpo!lSC of
redeem ing the Stock . The first contribution shall be made within three
years from the 16th day of June. 199J .
The Stock shall be redee med at par on such da te between the
S.
1st day of January. 1996 and the 31st day of December. 1997 (bot h dates
illclusive) as shall be dete rmined by the Accou ntant General and
notified ill the Gazette. Stock shall be redeemcd only on the surrender
of the Stock Ce rtificate issucd.
o.r-_ '" I~""""""'" _ K_'j<.
IpptJJbllh. "Qd·Dij;. , __ . ' /./-!- ,qo... . K_1o
~ ~~ ...
f'",.
~lilbu&l' n.I .. __ "" 'al.Qve",
!'.uo0r4 .. "'" G<>w...-~, /'rift"",