Government Decree No. 47 / 1949 Coll.
Regulation establishing the Statute for the Monetary Fund
Valid
Effective from 08.03.1949
47.
Government Regulation
of 8 February 1949
issuing the Statute for the Monetary Liquidation Fund.
The Government of the Czechoslovak Republic hereby orders, pursuant to Paragraph 12, paragraph 1 of the Act of 2 July 1947, No 141 Coll., on the Monetary Liquidation Fund (hereinafter referred to as "the Act"):
The attached Statute, which forms part of this Regulation, shall be issued for the Monetary Liquidation Fund. Another government regulation will be supplemented by closer provisions on the securities of the Monetary Liquidation Fund (Section 10, paragraph 3 of the Act).
This Regulation shall enter into force on the day of its publication; to be carried out by the Minister for Finance.
Fierlinger v. r.
Dr Dolansky v. r.
Annex to Decree-Law No 47 / 1949 Coll.
Statute of the Monetary Liquidation Fund.
(1) The Foreign Exchange Liquidation Fund (hereinafter referred to as the Fund) is a legal person based in Prague and with an office in Prague for a Czech group and in Bratislava for a Slovak group (§ 11, § 1 and § 6 of the Act).
(2) The Fund manages and represents the Bureau, which consists of the Governor of the Czechoslovak National Bank as President, the first and second Vice-President appointed by the Government on a proposal from the Minister of Finance, two representatives from the Ministry of Finance and one representative from the Treasury, two representatives from the Czechoslovak National Bank, headquarters in Prague and one representative from the Czechoslovak National Bank, Regional Institute in Bratislava, appointed by the Government on a proposal from the Minister of Finance (§ 11, paragraph 2 of the Act).
(3) If the President is busy, the Vice-Presidents shall represent him in their order.
(4) The office of a member of the Bureau is honorary. Members shall be entitled only to reimbursement of travel expenses associated with the performance of their duties.
(1) The Bureau shall exercise its competence in the College by resolutions made either at meetings managed by the President or by written speeches of each member.
(2) The Bureau shall be eligible for a resolution if at least six members are present with the Chair. It shall be decided by a simple majority; The President shall only vote in equal votes.
(3) If the Bureau accepts the written statements of its members (paragraph 1), at least five of them shall be required to vote in favour of the draft. The outcome of the vote shall be communicated in writing at the next meeting of the Bureau.
(4) The validity of the resolution (paragraphs 2 and 3) on matters of the Slovak group requires the consent of at least one of the Slovak members.
Meetings of the Bureau shall normally be convened by the President once a month. In addition, the President is obliged to convene a meeting
(a) if the Bureau so decides,
(b) if the President considers it necessary,
(c) if at least three members so request in writing, indicating the subject matter of the hearing.
(1) The meetings shall be convened by registered letters, which shall be submitted to the post office no later than five days before the date of the meeting, following letters to the members of the Bureau by the representative no later than three days before the date of the meeting.
(2) The agenda shall be determined by the President. Draft members of the Bureau shall be included on the agenda if they so request by the President in due time.
(3) The text of the proposals to be discussed at the meeting must also be delivered to all members at the latest at the same time as the invitation.
(1) Members of the Bureau are obliged to attend meetings.
(2) The President may, after the Bureau's case, invite experts or other persons to report to the Bureau as appropriate.
The Bureau may elect a commission from among its members to prepare its discussions on certain issues or proposals in an appropriate manner.
(1) Only matters of special urgency which have only occurred after the meeting has been convened, various reports, questions of members and a matter of formal nature may be the subject of meetings outside the agenda.
(2) With the Bureau's resolution, free proposals may also be accepted if, given the scope of the matter, they are not required to be prepared by the Commission in accordance with Rule 6.
(1) The minutes of the meetings shall be drawn up by the Registry, which shall contain a concise but concise presentation of the course of the proceedings, the outcome of the vote and the precise wording of the resolutions made. If a member was of divergent opinion, it shall be indicated in the minutes at his request. The minutes shall be appointed by the President of the National Bank of Czechoslovakia.
(2) The minutes shall be signed by the President and the Registrar. A copy of the minutes shall be sent to each member no later than 8 days after the meeting.
(3) The minutes are approved at the next meeting.
The Concept, Accountant, Cashier and Office Service of the Fund and both offices are provided by the Czechoslovak National Bank, which, at the request of the Bureau, will allocate the Fund to the necessary number of employees for the offices and offices.
The Bureau shall draw up and circulate minutes of meetings, accept correspondence from the Bureau, process its resolutions and arrange for the President's contact; shall be subject to the President.
(1) The fund will set up an office in Prague for a Czech and an office in Bratislava for a Slovak group. The Bureau shall decide which cases it shall entrust to each office.
(2) The Bureau shall be led by a representative of the Bureau.
(3) The two offices shall be subject to permanent supervision by two members elected by the Bureau from among them. Other members may at any time request explanatory notes, after consultation of books and files of offices.
The signification of the Fund shall be by the President, in the cases referred to in Article 11 (1), second sentence, together with two of the staff members of the Office, authorised to do so by the Bureau.
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Regulation Information
| Citation | Government Decree No. 47 / 1949 Coll., issuing the Statute for the Monetary Liquidation Fund |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 08.03.1949 |
|---|---|
| Effective from | 08.03.1949 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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