Decree of the Government of the Czech and Slovak Federal Republic No. 532 / 1990 Coll.
Ordinance of the Government of the Czech and Slovak Federal Republic on the issue of government bonds to pay claims on compensation granted pursuant to Act No. 119 / 1990 Coll., on judicial rehabilitation
Valid
Effective from 21.12.1990
532
GOVERNMENT REGULATION
Czech and Slovak Federal Republic
of 3 December 1990
on the issue of government bonds to cover claims on compensation granted pursuant to Act No. 119 / 1990 Coll., on judicial rehabilitation
The Government of the Czech and Slovak Federal Republic orders according to § 23 paragraph 6 (b) of Act No. 119 / 1990 Coll., on judicial rehabilitation:
In order to cover claims on compensation granted under Act No. 119 / 1990 Coll., on judicial rehabilitation, if not settled in full or in part in cash, 1), interest-bearing government bonds (hereinafter referred to as "bonds') are issued.
(1) The total amount of bonds issued is set at an amount of CZK 4,5 billion.
(2) Bonds from the date of publication of this Regulation shall be issued gradually by the Federal Ministry of Finance. Their transfer and reimbursement to the beneficiaries shall be provided by the bank in charge.
(1) Bonds are referred to the bearer.
(2) The text of the bond contains:
(a) the name "5% sovereign bond of the Czech and Slovak Federal Republic, issued pursuant to Government Decree No. 532 / 1990 Coll., on the issue of government bonds to pay claims on compensation granted under Act No. 119 / 1990 Coll., on judicial rehabilitation,"
(b) the serial number and the indication of the series,
(c) the nominal value and the undertaking of its gradual repayment within the specified time limits, together with the interest fixed;
(d) date of issue and signature of the Finance Minister of the Czech and Slovak Federal Republic.
(1) Bonds are issued in values of 1000 KCs and 10,000 KCs in Slovak, in values of 5000 KCs and 20 000 KCs in Czech.
(2) Each bond shall be accompanied by a voucher sheet with 10 vouchers per annual capital instalment and year-round interest on outstanding principal.
The remuneration of the bond shall be set at 5% per year.
(1) The debt shall be repaid gradually within 10 years by the same annual instalments, starting from the first year after the issue of the respective bond issue.
(2) If a bond is called up before maturity, it shall be remunerated until the date of the bond's repayment.
In agreement with the Ministry of Finance of the Czech Republic, the Ministry of Finance of the Slovak Republic and the State Bank of Czechoslovakia, the Federal Ministry of Finance can repay bonds even before the specified maturity.
This Regulation shall enter into force on the day of its publication.
CHF
1) Paragraph 23 (5) of the Act.
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Regulation Information
| Citation | Ordinance of the Government of the Czech and Slovak Federal Republic No. 532 / 1990 Coll., on the issue of government bonds to pay claims on compensation granted under Act No. 119 / 1990 Coll., on judicial rehabilitation |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 21.12.1990 |
|---|---|
| Effective from | 21.12.1990 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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