Decree of the Government of the Czechoslovak Socialist Republic No. 65 / 1969 Coll.
Government Order of the Czechoslovak Socialist Republic on the Issue of Government Bonds to Repayment of Claims on Granted Damages pursuant to Act No. 82 / 1968 Coll., on Judicial Rehabilitation
Valid
Effective from 30.06.1969
65
GOVERNMENT REGULATION
Czechoslovak Socialist Republic
of 6 June 1969
on the issue of government bonds for the payment of claims for compensation granted pursuant to Act No. 82 / 1968 Coll., on judicial rehabilitation
The Government of the Czechoslovak Socialist Republic orders pursuant to § 31 paragraph 3 of Act No. 82 / 1968 Coll., on Judicial Rehabilitation:
In order to pay the claims on the compensation granted under Act No. 82 / 1968 Coll., on judicial rehabilitation, if not paid in cash (Sections 31 (1) and (2) of the Act), interest-bearing government bonds (hereinafter referred to as "bonds') are issued.
(1) The total range of bonds issued is determined in a framework of up to EUR 1800 million.
(2) Bonds shall be issued gradually in the following sub-issues and to the following extent:
| 15. březen 1969 | série A | - v částce 200 mil. Kčs |
| 15. září 1969 | série B | - v částce 400 mil. Kčs |
| 15. březen 1970 | série C | - v částce 300 mil. Kčs |
| 15. září 1970 | série D | - v částce 350 mil. Kčs |
| 15. březen 1971 | série E | - v částce 300 mil. Kčs |
| 15. září 1971 | série F | v částce 250 mil. Kčs. |
(1) Bonds are referred to the bearer and are transferable among citizens under the applicable legislation. The bond holders may also pay their obligations to the State and to state socialist organisations where they are provided.
(2) Transfers of bonds and claims abroad are governed by foreign exchange regulations.
(1) Debts are issued in values of 1000 KCs and 10,000 KCs in Slovak version, in values of 5000 KCs and 20 000 KCs in Czech version.
(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 interest on bonds is set at 3% a year behind. Interest on bonds shall be exempt from tax.
(1) Bonds shall be repaid gradually within 10 years by the same annual instalments, starting from the first year after the issue of the relevant partial bond issue.
(2) If, for any reason, a bond is repaid before maturity, the interest on the bond ends in the year in which it is repaid.
(1) The limitation and termination of debt claims on bonds and vouchers are governed by civil law.
(2) The rules on proceedings before a public notary are in force on the amortisation of lost or destroyed bonds and the issue of replacement bonds. *)
(1) The issue of bonds will be carried out by the Federal Ministry of Finance, which also provides for their general requirements and, in agreement with the Finance Ministers of the Czech Socialist Republic and the Slovak Socialist Republic, lays down more detailed conditions for their issue, transfer to authorised beneficiaries, transfers to cover commitments towards the State and state socialist organisations and repayment.
(2) The Czech Socialist Republic and the Slovak Socialist Republic are involved in the administration and control of the transfer of bonds to eligible beneficiaries, as well as in their reimbursement in the territories of the Czech Socialist Republic and the Slovak Socialist Republic, according to the principles set out in the agreement with them by the Federal Ministry of Finance.
The Federal Treasury may
(a) determine the extent and, where applicable, the number of sub-issues of bonds within the framework set out in Article 2 according to the claims actually granted for compensation to be paid in bonds;
(b) to decide on the partial or full repayment of bonds even before the specified maturity.
This Regulation shall enter into force on the day of its publication.
Ing. Cernik v. r.
*) § 50 et seq. of Act No. 95 / 1963 Coll., on state notaries and on proceedings before state notaries.
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Regulation Information
| Citation | Decree of the Government of the Czechoslovak Socialist Republic No. 65 / 1969 Coll., on the issue of government bonds for the payment of claims for compensation granted under Act No. 82 / 1968 Coll., on judicial rehabilitation |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 30.06.1969 |
|---|---|
| Effective from | 30.06.1969 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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