Decree Of 24 October 2007

Original Language Title: Decreto de 24 de outubro de 2007

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DECREE of 24 OCTOBER 2007.
Authorizes an increase in the capital of the Indústria de Material Bélico do Brazil-IMBEL.
The PRESIDENT of the REPUBLIC, in the use of the role that gives the art. 84, section IV, of the Constitution, and in view of the provisions of art. 4 of Decree-Law No. 1678, of 22 February 1979, and in provisional measure no. 383, of August 16 2007, DECREES: Art. first is authorised to increase the share capital of the Indústria de Material Bélico do Brazil-IMBEL in R$ 40,000,000.00 (40 million dollars), as opening of extraordinary credit in favor of the command of the army, laid down in provisional measure no. 383, of 16 August 2007.
Sole paragraph. The execution of the capital increase referred to in this article shall be by means of a resolution of the Board of Directors of IMBEL, observed the transfer of resources approved and released by the command of the army.
Art. 2 The resources received in the form of art. first must be upgraded by the reference rate of the Special System for settlement and custody (SELIC), pursuant to Decree No. 2673, of 16 July 1998.
Art. 3 this Decree shall enter into force on the date of its publication.
Brasília, October 24 2007; 186 of independence and 119 of the Republic.
LUIZ INACIO LULA DA SILVA Nelson Jobim Guido Mantega Paulo Bernardo Silva this text does not replace that published in the 25.10.2007