Government Securities Act

Link to law: http://laws.gov.ag/acts/chapters/cap-194.pdf
Published: 1967

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Government Securities (CAP. 194 1

CHAPTER 194

THE GOVERNMENT SECURITIES ACT

Arrangement of Sections
Section

1. Short title.
2. Application.
3. Provision for payment of money due to stockholders.
4. Certificate of buying agent.
5. Certain legislation to be agreed with the United

Kingdom Government.

GOVERNMENT SECURITIES

1. This Act may be cited as the Government Securities Short title.
Act.

2. This Act shall apply to all securities heretofore or Application.
hereafter created or issued in the United Kingdom on behalf
of the Government-

(i) in which a trustee might at any time have
invested by virtue of section 2 of the Colonial
Stock Act, 1900; or

(ii) by the conditions of issue of which it is pro-
vided that the provisions of this Act shall apply
to them, each and all of which securities are
hereafter referred to as "Antigua and Barbuda
Government securities".

LAWS OF ANTIGUA AND BARBUDA

2 CAP. 194) Government Securities

Provision for
payment of
money due to
stockholders.

3. (1) Whenever by the final judgment, decree, rule
or order of any court of competent jurisdiction in the United
Kingdom any sum of money is adiudaed or declared to be
payable by the Antigua and ~ a r b u i a government in respect
of any Antigua and Barbuda Government securities, that
sum shall, without further appropriation than this Act, be
charged on and paid out of the revenue of Antigua and
Barbuda and adequate funds (as and when required) shall
be made available in the United Kingdom by the Govern-
ment of Antigua and Barbuda to meet any such final judg-
ment, decree, rule or order.

(2) For the purpose of this section "final judgment,
decree, rule or order" means in case of appeal, the final
judgment, decree, rule or order of the ultimate court hear-
ing the appeal.

Certificate of 4. A certificate specifying the sum paid under order
buying agent.

of any such court as aforesaid to satisfy any such final judg-
ment, decree, rule or order and issued by the agent in the
United Kingdom of the Government of Antigua and Barbuda
authorised to make such payment shall be sufficient authority
to the Controller and Auditor-General or other officer hav-
ing the auditing of the accounts of such agent for passing
such sum without further appropriation.

Certain 5. Legislation which appears to Her Majesty's
legislation to be
agreed the Government in the United Kingdom to alter any of the pro-
United Kingdom visions affecting Antigua and Barbuda Government securities
Government.

to the injury of the holders thereof or to involve a departure
from the original contract in regard to those securities shall
not become law except after agreement with Her Majesty's
Government in the United Kingdom, and if attention is
drawn to such legislation after the passing thereof, the
Government of Antigua and Barbuda will take the necessary
steps to ensure such amendment as may be requested by
Her Majesty's Government in the United Kingdom.