Decree Of 12 September 2003

Original Language Title: Decreto de 12 de setembro de 2003

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DECREE OF September 12, 2003.

Unlink actions from the National Disestatization Fund-FND and authorizes the social capital increase of the Docas Company of Rio de Janeiro-CDRJ.

THE PRESIDENT OF THE REPUBLIC, in the use of the attribution conferring you the art. 84, inciso IV, of the Constitution, and in view of the provisions of art. 9th of Law No 9,491 of September 9, 1997, and at art. 4th of Decree-Law No 1,678 of February 22, 1979,


Art. 1º Stay unbound from the National Disestatization Fund-FND, of which it treats art. 9th of Law No 9,491 of September 9, 1997, up to a billion nominative common shares, owned by the Union, issued by the Central Generators of South Brazil S.A. -GERASUL.

Art. 2º It is authorized the increase in social capital of the Docas Company of Rio de Janeiro-CDRJ, in the amount up to R$ 7,000,000.00 (seven million reais), upon capitalization with shares, of Union ownership, issued by GERASUL.

Art. 3º It shall be the Union authorized to subscribe to the actions that have been coubered to minority shareholders, if they do not exercise their right of preference within the legal deadline.

Art. 4º The CDRJ is authorized to divest to the National Bank for Economic and Social Development-BNDES, or through that Bank, the shares used by the Union in the integralization of its social capital that it treats this Decree, and the resources should earned in the operation to be intended for operational, accounting, and financial-sanitation adjustments necessary to its privatization.

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

Brasilia, September 12, 2003 ; 182nd of Independence and 115th of the Republic.

Antonio Palocci Filho
Anderson Adauto Pereira