Decree Of November 08 2004

Original Language Title: Decreto de 08 de novembro de 2004

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DECREE OF November 8, 2004

Authorizes the increase in the social capital of the Docas Company of Rio de Janeiro-CDRJ, of the Docas Company of the Espirito Santo-CODESA, of the Company of the Doces of the State of Bahia-CODEBA and of the Docas Company of the State of São Paulo-CODESP.

THE PRESIDENT OF THE REPUBLIC, in the use of the attribution that confers you the art. 84, inciso IV, of the Constitution, and in view of the provisions of art. 4º of Decree-Law No. 1,678 of February 22, 1979, and in the arts. 1º, 3º and 4º of Provisional Measure No. 217 of September 27, 2004,

DECRETA:

Art. 1º It is authorized to increase the social capital with the issuance of new shares, of the following companies:

I-Docas Company of the January-CDRJ River, in the amount up to R$ 8,300,000.00 (eight million and three hundred thousand reais) ;

II-Docas Company of the Holy Spirit-CODESA, in the amount up to R$ 6,500,000.00 (six million and five hundred thousand reais) ;

III-Company of the Docks of the State of Bahia-CODEBA, in the amount up to R$ 14,600,000.00 (fourteen million and six hundred thousand reais) ; and

IV-Docas Company of the State of São Paulo-CODESP, in the amount up to R$ 100,000.00 (one hundred thousand reais) ;

Single Paragraph. The effectiveness of the increase in the social capital of which it treats the caput of this article will give itself by means of general shareholders' assembly, observed resource transfers approved and released by the Ministry of Transport, according to the budget and financial availabilities.

Art. 2º It is the Union authorized to subscribe to shares, in proportion to its share in the social capital of the companies cited in the incistes of I to IV of the art. 1º, in the proportion of its share in the social capital, once the capital increase has been approved by the respective general shareholders' assemblies.

Art. 3º It is the Union authorized to subscribe to shares, in proportion to the participation of minority shareholders, in case they do not exercise their right of preference, within the legal deadline, once the capital increase is approved by the respective assemblies general shareholders.

Art. 4º The resources received in the form of the art. 1st shall be updated by the referential fee of the Special Liquidation and Custody System-SELIC pursuant to Decree No. 2,673 of July 16, 1998, and capitalised at general shareholders meeting by June 30, 2005.

Art. 5º This Decree shall enter into force on the date of its publication.

Brasilia, November 8, 2004 ; 183º of Independence and 116º of the Republic.

LUIZ INACIO LULA DA SILVA

Bernard Appy

Alfredo Nascimento