168/1949 Coll.
LAW
of 16 December 2002. June 1949
the final adjustment of the internal state debt and certain other debts of the
the period until 31 December 2006. December 1945.
Modified: 26/1950.
The National Assembly of the Republic passed on this
the Act:
PART THE FIRST
The adjustment of the internal public debt from the period until 31 December 2006. December 1945
SECTION I.
The release of konversních loans
§ 1
(1) for the purpose of internal conversion of the national debt from the time of Czechoslovakia
until 31 December 2006. in December 1945, čítajíc even so called debt to recognize and
Slovak and other State later debts from this period, the distinction
However, short-term debts referred to in §§ 15 to 16 and interest-bearing debt less than 3
%, (sections 5 to 11, hereinafter referred to as "the old bonds") and in the amount needed for this
These will be issued by konversní loan:
and the United State loan of) 4 emissions (sections 2 and 3),
(b)) 3% state loan umořitelná from 1960 to 1989 (§ 4).
(2) Konversní of a loan referred to in paragraph 1 shall, if necessary, can be
issued also to purchase some foreign loans which are
owned by devisových tuzemců (sections 17 to 19), as well as for the purpose of
settlement of some other debts (section 20), up to the amount needed to
this buyout or settlement.
(3) the United State loan can be issued also for debt video
the State assumed for the effectiveness of this law, as well as for the implementation of
credit authorization of other laws in all cases in which
have to be issued bonds settled debts from the period until 31 December 2006. December
1945. If carried out by the authority that issued credit bonds have
zníti on the name, they have to be convertible only under certain conditions or
jinakým-bound, in a way, this is replaced by the linking of mandatory custody
Unified Government bonds in accordance with § 3.
§ 2
(1) a unified national loan will be released in two zúročitelných emissions
3 1/2% and in two zúročitelných emissions 3% in bonds
bearer of 1 000, 5 000, 10 000, 50 000, 100 000 and 1 000 000 Czech Crowns.
(2) the interest of a unified State loans will be vypláceti once a year
behind, by the
and) 3 1/2% of the unified State loans and 16 December. February, for the first time of the day
16 February 1950
(b)) 3 1/2% of the unified State loans (B) emissions of 16 December. November 1950,
c) 3% of the United State loans and 16 December. in March, for the first time on 16.
March 1950
(d) 3% of the United State) loans (B) emissions of 16 December. in August, for the first time on 16.
August 1950.
(3) the United State loan will be umořována if you just need the means to
the purpose designed, free purchase. The Minister of finance may neumořenou part
any of the emissions of the United State at any time in these loans, in whole or
After a three-month notice of termination in part; When partial repayment shall be determined
He bonds draw.
§ 3
(1) if the Finance Ministry does not establish by Decree in the Official Gazette
otherwise, the unified government bonds on bonds vlastníkovo name
to mandatory deposit with a postal savings bank, national enterprise (hereinafter referred to as
"The postal savings bank"), as a mandatory depositního headquarters for these
emissions, either directly or through a financial institution.
(2) for the duration of mandatory custody may only be unified with bonds
State loans handled only within the limits which it lays down, the Ministry of
Finance guidelines promulgated in the Official Gazette. Transfers among the living
as a rule, are permissible only after release, which will be according to the following
the directives allow the Postal Savings Bank.
(3) Loose the bonds of a unified State loans, unless at the same time
with the release of their redemption free by buying from funds for this purpose,
designated bonds are exchanged for a 3% Government bonds redeemable in the years
1960-1989, after other government bonds by the Ministry of
finances. The Ministry of Finance shall determine whether or not the exchange rate.
(4) the Mandatory storage of unified state loan bonds replaced in
all directions that are subject to the linking of the old bonds by Presidential Decree
the President of the Republic of 20 April. October 1945, no. 95 Coll. on sign-in
deposits and other monetary claims for financial institutions, as well as
life insurance and securities.
§ 4
(1) 3% of the loan umořitelná of State from 1960 to 1989, will be released in
bearer bonds of 1 000, 5 000, 10 000, 50 000, 100 000, and 1
000 000 Czech Crowns.
(2) the interest of 3% Government bonds redeemable from 1960 to 1989
vypláceti once a year will always lag behind on 16. in may, after the first day
May 16, 1950.
(3) 3% state loan umořitelná in the years 1960 to 1989 will be amortized by
as for option's redemption plan, based on approximately the same
the annual annuity payments, and financial management, the choice of either a free purchase,
but not above the nominal value, or draw. If the sweepstakes to
It happens, it will be always in March konati; slosovaný capital will be
always paid on 16. of May.
SECTION II.
Conversion to a unified government loan
§ 5
The 3 1/2% of the unified state loan and will be converted
and) 4 1/2% of the loan issue and the unification of coupons 15. February 14 and 15. August,
(b)) 4 1/2% of the loan State Defense with 15 coupons. April and 15. October,
(c) the debts of State and neemisní) State funds from the time before the occupation,
d) 4 1/2% of the loan in the name of umořitelná in the year 1987 (regression) with interest
15. February 14 and 15. August,
e) 4 1/2 and 3 1/2 loan economic revival of Slovakia from 1939 with
15 coupons. April and 15. October,
f) 4 1/2% of the national konversní loan with 16 coupons. February 15 and 16. August
(Slovak)
g) 5%, Moravian loan from 1917 with coupons 1. January and 1.
July,
h) 6% loan of Bratislava from 1920 with coupons 1. February and 1.
of August.
§ 6
The 3 1/2% of the unified state loan (B) emissions will be converted
and) 4 1/2% of the loan (B) emissions of the unification of coupons 15. may and 15.
November,
(b)) 3 3/4% of the loan with the unification coupons 15. April and 15. October,
c) 3 1/2 percent Treasury bills from day 16. January 1943 due 16.
July 1962 (section 13 of the Decree of 5 October 1942, no. 348, Sb.
about the takeover and the finishing of the former internal public debt
Czechoslovak) with 16 coupons. January 1 and 16. July,
d) 4 1/2% redeemable bonds (building directly to Slovakia), with interest
on 1 January 2002. June and 1. December,
e) 3 1/2 percent Treasury bills from day 1. due 1 October 1941.
October 1946 with coupons 1. April and 1. October (Slovak)
f) neemisní debts of the Slovak Ministry of finance, which shall, within the
the decree in a central data sheet,
g) 4% konversní loan from the city of Prague in 1943 with coupons 1.
may and 1. November,
h) municipal debentures of various emissions (including bank debt
obligations of the former Central Bank of Czechoslovak savings banks), which are now
úrokují 3 1/2%.
§ 7
To 3% of the unified state loan and will be converted
and unification) 3% loan umořitelná with coupons 15. March and 15. September,
b) 3% of the loan State Defense with 15 coupons. April and 15. October,
c) 3 1/2 percent Treasury bills from day 16. March 1941 due 16.
16 March 1956 with coupons. March and 16. September,
d) 3 3/4% loan issued at the time of the unification of freedom of coupons 15. April
and 15. October,
e) 3 3/4% loan from 1941 and 1942 umořitelná from 1943 to 1991 with
coupons 4. January 1 and 16. July,
f) 3 1/2 percent Treasury bills from day 16. July 1942 due 16.
16 July 1962 with coupons. January 1 and 16. July,
g) 3 1/2 percent Treasury bills of the year 1945 due on 16. July
1966 coupons 16. January 1 and 16. July,
h) 3% of the national konversní loan with 16 coupons. February 15 and 16. August
(Slovak)
ch) 4 1/2% State an investment loan with 16 coupons. may and 16.
November (Slovak)
I) 4 1/2% of the third State loan with 16 coupons. March and 16. September
(Slovak)
j) 4 1/2% of the fourth State loan with coupons 2. may and 2. November
(Slovak)
k) 3% Treasury bills from day 16. August 1945 due 16. August
1967 with a coupon of 16. August,
l) 3% Treasury bills (Slovak) from 1945 with the coupons 1.
June and 1. December,
m) former Special bonds Fund to mitigate the loss of the risen have
the post-war conditions with coupons 2. January and 1. July,
n) bonds of the former General Fund financial institutions in the Republic of
The Czechoslovak, as well as the obligations of the former Auxiliary Fund cash
the institutes, which have not yet been issued bonds.
§ 8
To 3% of the unified state loan (B) emissions will be converted
and 3%) the unification of coupons 15. renta June 14 and 15. December,
(b)) 3 1/2 percent Treasury bills from day 16. March and 16. September 1943
payable on 16. 16 March 1963, with the coupons. March and 16. September,
c) 3 1/2% loan t.. liquidity released from 1943 to 1945 and
slosovatelná from 1953 to 1977, with interest, on the date of 16. June and 16.
December,
d) 3 1/2 percent Treasury bills from day 16. June, 6. November and 16.
December 1944 due 16. June 16, 1964 with coupons. June and 16.
December,
e) 3 1/2% t.. the export Treasury bills from day 1. April 1941
payable 1. April 1951 with coupons 1. April and 1. October (Slovak)
f) 3% Treasury bills from day 1. February 1944 due 16.
January 1949 with 16 coupons. January 1 and 16. July (Slovak)
g) 3% Treasury bills from day 11. January 1945 due 16.
16 December 1949 with coupons. June and 16. December (Slovak)
h) 3% Treasury bills of 5 November. due and payable 16 December 1942.
16 December 1944 with the coupons. June and 16. December (Slovak)
ch) neemisní debts of the Slovak Ministry of finance, which shall, within the
the decree in the Official Gazette,
I) 4% of the loan to the city of Prague from 1919 with coupons 1. April and 1.
October,
j) 4% of the loan of the provincial capital city of Brno in 1942 with coupons 1.
March and 1. September,
to 4% of the loan) of Bratislava from 1910 with coupons 1. June and 1.
December,
l) 4% internal investment loan of Třešť (three) coupons 1.
January and 1. July, case 1. February and 1. August,
m) municipal debentures of various emissions (including bank debt
obligations of the former Central Bank of Czechoslovak savings banks), which are now
úrokují 3%.
SECTION III.
Conversion to 3% state loan umořitelnou in the years 1960 to 1989
§ 9
(1) the owners of the old bonds, who acquired buys 1. January
1946 with the consent of the Ministry of finance pursuant to section 19, paragraph 2. 2 Decree No.
95/1945 Coll., shall be entitled to have them in place by
Unified Government bonds issued bonds bonds (free) 3% State
a loan redeemable from 1960 to 1989.
(2) a claim referred to in paragraph 1 must be uplatniti within a period of one month from the
the date of publication of this Act in the vault, to which the old bonds
saved or kept on your account. If the owner of the old bonds for
the price which is lower than the nominal value, is obliged to doplatiti
the difference between the nominal value of the 3% Government bonds redeemable in the years
1960 to 1989 and the acquisition price. The difference will be used to reduce State
debt.
§ 10
3% state loan umořitelná in the years 1960 to 1989 can be place
Unified Government bonds issued also for the old bonds, which are
subject to the provisions of article 14, paragraph 1. 2 and 3 Decree No. 95/1945 Coll.
Details provided by the Ministry of finance Decree in the Official Gazette, in
which may, in particular, plays, that 3% of State bonds redeemable
the loan follows a special sign of a distinguishing mark issued from
other bonds that loan.
§ 11
(1) for the bonds, which dropped for failure to fulfil obligations login
to the State under section 18, paragraph 1. 1 of Decree No. 95/1945 Coll., were not
However, removed the account of forfeited securities shall be Likvidačnímu
the Fund currency when you place a unified State by the bond loans
3% state loan bonds redeemable from 1960 to 1989, after
deduction of refunds granted to former owners and the recognized rights of third
persons referred to in section 18, paragraph 1. 2 and 3 Decree No. 95/1945 Coll.
(2) up until it is determined definitively the amount of undocumented
the bonds and the amount of refunds granted to former owners and the recognised claims
third parties may be granted to the foreign currency Fund Likvidačnímu
appropriate backup.
SECTION IV
Common provisions on video
§ 12
Under the preceding provision shall be carried out by an ex officio by the
the instructions of the Ministry of Finance:
and when it comes to bonds) declared and stored for safekeeping by Presidential Decree
No 95/1945 Coll.: Directorate of the national debt in Prague (the State Treasury for the
In Bratislava, Slovakia), together with the postal savings bank and with other
úschovnami (section 13 and section 14, paragraph 1 of Decree No. 95/1945 Coll.), if necessary
along with the locally competent Embassy abroad or by the Institute
designation (art. 14, para. 2 and 3 Decree No. 95/1945 Coll.);
(b)) in respect of the bonds in the name of vinkulované or sounding (section 12, paragraph 1.
3 Decree No. 95/1945 Coll.) or as regards debts neemisní; Directorate
the national debt in Prague, Slovakia pověřenectvo finance;
(c)) in respect of the bonds and not forfeited (section 18, paragraph 1, of the Decree
No 95/1945 Coll.), apart, whether they are in the vaults (section 16, paragraph 5
Decree No. 95/1945 Coll.) or whether instead of saving them is unknown:
the Directorate of the national debt in Prague (the State Treasury for Slovakia in
Bratislava).
section 13 of the
(1) the Conversion shall be effected on the date from which interest is run from
Unified State loans (as at 16 February or November 16, or 16.
or March 16. August 1949), after the case of interest on Government borrowing 3%
redeemable (on the date of May 16, 1949), depending on which kind of State
the loan is in the video.
(2) the date on which the conversion is done, and it pays to be charged
in cash, by distinction, according to § 11, unpaid interest on
the old bonds, with a maximum rate of 3 1/2%. While the period 14 to
16 days always counts for half a month.
(3) the date on which the conversion is carried out, the ends of the old reckoning
bonds. Their owners are unable to exercise other rights from them
than are entitled to under the conditions established by this Act.
§ 14
(1) the Conversion of old bonds on bonds of a unified State loans,
After the case, 3% Government bonds redeemable from 1960 to 1969, with the
performs at a ratio of 100:100 nominal value.
(2) Acceptance of the old value of the bonds shall be rounded down to the
the amount of divisible by 1,000. Residues shall be paid in cash at the rate that
the Ministry of Finance shall lay down by Decree in the Official Gazette. Similarly,
cash worth of broken bonds 3%, and 4 1/2% of the national konversní loan
(Slovak), as well as lower bonds nominal value than 1 000 Czech Crowns,
If it is not sloučiti to this amount.
(3) if the means of payment in cash referred to in paragraph 2 are not
secured State budget, the Minister of finance is, however credit
operations.
SECTION V.
The adjustment of government short-term debt
§ 15
(1) the three-month Treasury certificates and the three-month Treasury
tokens are the first maturity, following the date of publication of this
law, exchanged for a State Treasury, after the case of bony
Treasury bills, of the same kind, payable three months later and
with three prolongačními coupons.
(2) By prolongačního, whose presentation of the coupon will be paid
the three-month interest rate, maturity is the State postponed Bonn, pokladničního
the case of State Treasury bills by a further three months. The owner can
However, when each payment of the principal amount due shall demand also.
(3) the Ministry of finance may interest rate and repayment period of State
Treasury bonds and Treasury bills issued by
the provisions of paragraph 1, when any of their next accounts due
differently than before.
section 16 of the
(1) the transitional lease State for Poštovní spořitelna in Prague closed 28.
in December 1945, in the amount of 1 200 000 000 Czech Crowns, the debt of the State in the current account
its regional Institute in Bratislava in the amount of 120 000 000 Czech Crowns, and State
Treasury bills (Slovak) of 685 500 000 Czech Crowns shall be paid
tříměsíčními Government Treasury securities, which Treasury Secretary to
the purpose of the new issue.
(2) on the three-month Treasury notes issued pursuant to
paragraph 1 shall apply mutatis mutandis the provisions of § 15 of the Treasury
vouchers there referred to.
PART TWO
The buyout of some of the foreign loans that are owned
devisových tuzemců
§ 17
(1) the Minister of Finance shall be empowered to force bonds redeemed per
Unified State loan bonds
4% of the Austrian Golden annuities,
4 1/2% of the Austrian Treasury bills from 1914,
3% bonds the privileged Austro-Hungarian company
the State Railways, old and refilling network, and
4% bonds the privileged Austro-Hungarian company
the State Railways in 1900,
the debt service is concentrated in the common Treasury in Paris
(Caisse commune des porteurs des dettes publique autrichienne et
hongroise émises avant la guérre), are owned by devisových
tuzemců within the meaning of section 2 of the Act of 11 June 2002. April 1946, no. 92 Coll.
devisovém-bound economy.
(2) if the Minister of Finance shall apply authorisation under paragraph 1, the
the owners of the bonds there referred to are required to debit them vykoupiti.
The Vault (section 13 of the Decree No 95/1945 Coll.), in which the bonds are stored,
produce is on the challenge of the Ministry of Finance within the time limit the mail
the savings bank, which will pay the purchase price in the bonds of the United State
of the loan.
(3) the Devisoví nationals who have their bonds stored abroad and
nepřevezou is in the territory of the country shall be required, within the same period to složiti
the buyout for the foreign correspondent of the National Bank of Czechoslovakia for the
The postal savings bank.
(4) the purchase price of the bonds referred to in paragraph 1 shall provide the Ministry of
Finance of the decree in the Official Gazette.
section 18
(1) the Devisoví nationals (art. 17, para. 1), who are the owners of 6%
foreign bonds Škoda from 1930 (hereinafter referred to as "6%
bonds ") are required to debit is vykoupiti Postal Savings Bank and
dbáti the instructions to complete the buyout, the Ministry shall issue
finances. The Vault (section 13 of the Decree No 95/1945 Coll.), which are
bonds stored, they will complete it within one month from the publication of
This law, which will pay the Postal Savings Bank purchase price according to
the provisions of § 20. The provisions of section 17, para. 3 it applies mutatis mutandis.
(2) the interest of 6% bonds, which are owned by devisových
tuzemců, adults from 1946 to 1948, are paid in the Czechoslovak
currency rate of 3 1/2% of the nominal value, calculated at the official rate
the pound sterling. If the Škoda paid off from such bonds on
interest for the summer deposit of the corresponding provisions of the sentence
First, are fully paid interest.
§ 19
(1) with a 6% bond composite to purchase under section 18, paragraph 1. 1 issue a Postal
Savings Bank:
and) for every 50 pounds of 6% of the nominal value of the bonds
the Spanish tranche with a coupon of 1. June 1949 Czech Crowns 7 000 nominal value 3
1/2% of the unified State loans and interest to 16. February 1950;
(b)) for every 10 pounds (or 1 242 137 gold francs of
from the year 1928) 6% of the nominal value of the bonds of the French with the tranche
coupon 1. June 1949, the nominal value of Czk 1 511 3 1/2% of the United
Government borrowing and interest to 16. February 1950.
(2) 6% bonds belonging to the same owner, the French of the tranches for
repurchase under this Act shall be summed. Remains below the 1000 Kčs,
be paid in cash.
(3) at the same time with those referred to in paragraphs 1 and 2 shall be paid in
cash 3 1/2% interest for the period from 1. December 1948 to 15. February 1949, and
it:
51.0-Czech Crowns) for every 50 pounds of the nominal value of 6%
English bond tranche
b) Csk-11.0 for every 10 pounds of the nominal value of 6%
French bond tranche.
(4) for each of the missing 6% coupon bond with a maturity of 1. June 1949
or later maturity is the owner obligated to doplatiti:
210.0-Czech Crowns) for each English pound of 1.10,-payout value coupons
the Spanish tranche,
b) Csk-86.0 for each English pound 0.6,-payout value coupons
French tranche.
PART THREE
Settlement of some other debts
section 20
(1) the Minister of finance is hereby authorised, under the conditions laid down in
in agreement with the Minister of transport, and be published in the Official Gazette, the
bonds 3% unified State loans, the case for bonds 3%
Government bonds redeemable from 1960 to 1989, in both cases with the
the regular coupon:
and (3)) of 4% bonds from 1891 and 3 (2.25%) bonds
from the year 1893 Duchcovsko-Podmokelské track of all unpaid so far
the coupons, which will be completely settled the purchase annuity for the runway;
(b) Pražsko-Duchcovské) shares the runway with all so far unpaid coupons
which will be completely settled the purchase annuity for the runway;
(c)) 4 (3%) and 4 1/2 (3 3/8)% railroad promissory notes issued by the financial
the Constitution on the basis of long-term leases of railway; Investment
the Bank, national enterprise, as the legal successor of such financial institutions,
charged at the date of exchange of the leases to which they will be also replaced
the interest of railway debentures, will write off up to the aggregate nominal
the amount of circulating railway promissory notes with interest and narostlými
the rest follows unsigned State remuneration received by the 3% bonds
Unified Government bonds nominal value;
d) 4 (3)% Košice-Bohumin bonds track with all so far
unpaid coupons if you have previously bought out and if they have been
duly declared by Presidential Decree No 95/1945 Coll., as well as for participation
benefits.
(2) if the Minister of Finance shall apply authorisation under paragraph 1, the
Exchange bonds (shares) listed there in the ratio of 100 per 100 nominal
values, has 3 (2.25)% Duchcovsko bonds-Podmokelské
tracks from 1893, that will be exchanged at a ratio of 100 Kčs rated
value of the bonds for the 75 Czech crowns the nominal value State
of the loan. The owners of the exchanged bonds (shares) of which cannot
to exercise other rights than eligibility under the specified conditions.
Backups that were paid in accordance with § 20 of the Decree No 95/1945 Coll. on
the interest of railway debentures referred to in paragraph 1, point (a). (c)),
adults after 31. December 1945, shall be regarded as interest for the appropriate time for the
settled; the amount by which the interest has been paid as follows less than
otherwise it should be paid, does Investment Bank, national enterprise,
as the legal successor of the vydatelů railway bonds, to the State
the cash register.
(3) the Minister of finance is hereby authorised, under the conditions laid down in
in agreement with the Minister of transport, and be published in the Official Gazette, coped by issuing
bonds of the United State loans, after the case of bonds 3% State
a loan redeemable between 1960 and 1989, as well as other railway purchase
rents and debts than those referred to in paragraph 1, that State or the Czechoslovak
railways, national enterprise, took over when the nationalization of railways.
(4) if the Minister of Finance shall apply authorisation under paragraph 1 or 3,
Exchange settlement therein on the neb's account of the Czechoslovak
railways national company in Prague, which will be until jinaké
Edit, nahrazovati manage the national debt the cost of interest, redemption and
the management of bonds used to Exchange or settlement.
(5) the date on which the replacement shall be carried out in accordance with paragraph 1, point (a). (b)),
terminates the joint-stock company "Pražsko-Duchcovská dráha" without liquidation and
its rights and obligations shall devolve to the State. On the proposal of the Ministry of transport
the competent court of the cancellation in the register, at odvolaje
This law.
PART FOUR
Edit firm zúročitelných securities issued by financial institutions to
December 31, 1945
section 21
(1) Fixed zúročitelné securities, issued by financial institutions until 31 December 2006.
December 1945 and subject to the sign-in requirement under Decree No.
95/1945 Coll. (hereinafter referred to as "the old issue"), shall be replaced by the new securities
Securities (hereinafter referred to as "replacement"). Exceptions to this principle establishes
the Ministry of finance.
(2) the Ministry of Finance shall, after hearing of the debtor by a decree in
The Official Gazette all conditions of spare emissions, in particular their name,
the interest rate of the redemption plan, after the case is accepted and the time limits within which
has to be reduced, the circulation of any special protection under the relevant
regulations, and as a replacement for bonds, denominated in
the mark, which the Reich issued at the time of freedom Institute "Landesbank" (now
Provincial Bank and Office Giro headquarters in liquidation) in Liberec, interchangeable also
ratio and the time when the of these bonds will replace the interest.
(3) the decree in the Official Gazette after the Ministry of finance can be heard
the borrower (borrowers) also plays the old emissions are replaced with bonds
Unified State loans, the borrower is the owner of the old
emissions, or that the old emissions, published by the same debtor, or
each of the old emissions, published by the various borrowers, are replaced with a single
spare emissions, even when the conditions of the old emissions are different or
If they have any old cover various special emissions.
(4) on the bonds of spare emissions, Investment Bank, national enterprise,
covered by the provisions of article 9, paragraph 1. 1 of the law of 20 December 2002. July 1948, the No.
183 Coll., on the Investment Bank.
section 22
(1) Bonds the following bearer spare emissions. Interest on them
paid once a year behind schedule. Shall be amortised by the free purchase courses
laid down by the Finance Ministry, in the alternative, also draw.
(2) the funds required for death bonds spare emissions nominal
the value of the debtors of these emissions are required to promptly dealing under
the supervision of the Ministry of finance, which modifies the management in more detail
by these means. In particular, the Ministry of Finance plays that
the funds required for death bonds different spare emissions have
be concentrated or that these resources should be used temporarily
otherwise covered to death bonds spare emissions, for which they are intended.
Any interest of a debtor from the injury usually spare emissions by deferring or
doing, he replaces of savings, which is achieved by the free
by buying the bonds of spare emissions below the nominal value; the rest of the
These savings into state coffers and used it to reduce
the national debt.
Article 23 of the
(1) if the Finance Ministry does not establish by Decree in the Official Gazette
otherwise, the bonds of spare emissions on the vlastníkovo name to the
mandatory deposit in the financial institution that will be used for the mandatory
depositní headquarters for those spare emissions, either directly or
through one of the other financial institution.
(2) for the duration of mandatory custody may be spare bonds
emissions and usage only within the limits of which provides for the Ministry of finance
the directives promulgated in the Official Gazette. Transfers among the living are
as a rule, be admissible only after release, which will allow under these
financial institution specified by the directives for mandatory depositní the headquarters for these
emissions.
(3) Loose the bonds of spare emissions, free purchase of
the resources referred to in section 22, paragraph 2. 2.
(4) the Mandatory storage of spare emissions is replaced by bonds in all
the linking of the directions that are subject to the old bonds in accordance with Decree No.
95/1945 Coll.
section 24
(1) subject to the conditions, under which the old bonds shall be issued by the State
the provisions of sections 9 to 11 instead of the unified state loan bonds
3% state loan bonds redeemable between 1960 and 1989, will be the
the case may be for bonds issued by emission of old non-State
equivalent of these provisions instead of bonds of spare emissions subject to
mandatory custody of the free replacement bonds.
(2) a free replacement bonds issued pursuant to paragraph 1 may be
repaid at a rate of not more than 3%. The provisions of spare emissions to them
do not apply.
(3) if the owner of the old bonds, for which his soul?
place the spare emissions subject to mandatory bonds custody free
replacement bonds, at a price that is lower than the nominal value,
is obliged to doplatiti the difference between the nominal value of free
spare bonds and the acquisition price. The difference goes to the Treasury
and it is used to reduce the national debt.
§ 25
(1) the replacement of old spare emissions emission performs ex officio by the
the instructions of the Ministry of Finance of the concurrence of the obligors Poštovní spořitelna
from old emissions according to the equivalent of sections 13 and 14. The owners of the bonds of the old
emissions may not of them to exercise other rights than are entitled to exchange for
the conditions laid down by Decree of the Ministry of finance in the Official Gazette.
(2) backups that were paid on the interest from the bonds of the old emissions
adults in the period after 31 December 1999. December 1945 under section 20, paragraph 1. 1, point (a). (b))
Decree No. 95/1945 Coll., shall be regarded as interest for the appropriate time for the
settled. The amount by which the interest from the bonds of the old
emissions paid less than it would otherwise be paid to be had, they will complete a
borrowers of the old emissions into the State Treasury.
PART FIVE
Common and final provisions
section 26
(1) of the securities, which are subject to the obligation to sign by
section III of Decree No. 95/1945 Coll., can we sinking procedure under
the Act of 11 June 2002. in December 1934, no. 250 Col., on redemption of documents only,
to do this, the consent of the Ministry of finance. If the warning was the edict already
made public, the sinking of the resolution only if the applicant proves
meet your logon responsibilities. To do so, the Court will
at the same time with the challenge under section 15 of law No. 250/1934 Sb. the consent of the Ministry of
Finance to continue to control replaces such licence.
(2) the reporting period when counting in umořovacím of the securities management
the papers, to which paragraph 1 applies, shall be considered the date on which the
the securities of that in a given case, and their coupons
There are no salaries, but not a day earlier than the day 31. December
in 1947, a day is due from the Charter (section 11 of law no 250/1934
SB.). To request the Court issue about the date of acknowledgement of Poštovní spořitelna.
section 27 of the
Securities forfeited for failure to fulfil obligations in the login
to the State under section 18, paragraph 1. 1 of Decree No. 95/1945 Coll., but not
removed on account of the expiry of the securities are invalid. Mail
Savings Bank takes the concurrence of their vydatelů list, which can
to be published in the Official Gazette, after the event, even in the notifier umořovaných
and lost documents. From zavázaného may be required to issue
State for the securities included in the list of valuable paper replacement.
section 28
(1) the entitlement to the payment of principal, interest rate bonuses and prizes of the State
construction of the Elk will expire, if not state building los (bond or
a winning hand) are submitted for payment until 31 December 2006. December 1946.
(2) If on State building tickets (worth and win
sheets) of the redemption procedure proceeded, void the payment,
If the Court is not sinking the resolution submitted for payment within three months
from the date determined by the authority; even in these cases, however, the claim
does not expire earlier than 1 January 2006. January 1950.
section 29
(1) In the intercalations of railway books about railways, whose owner is
State (Rail Administration), clears the Court, head of the railway, from the book
official authority with reference to this Act, the registered liens in the first
the Department worksheet.
(2) the deletion of, inform the Court of the Ministry of transport (only on
Slovakia pověřenectvo transport). Deliver the appropriate resolution
the loan creditors or guardians appointed for them is not
needed.
section 30
The Minister of finance may, in agreement with the responsible Minister plays
Regulation, that the provisions of sections 21 to 25 wholly or in part shall apply mutatis mutandis
also fixed zúročitelných securities, issued by the industrial
enterprises to 31. in December 1945, and this without prejudice to the provisions of the law of
March 11, 1948, no. 51, Coll., on regulation of certain financial ratios
national companies of industrial and food.
section 31
Legal proceedings, documents and official acts, necessary for the implementation of this
law, are exempt from the fees, taxes on trade, securities and
benefits.
§ 32
Validity is hereby repealed, after the case of použivatelnost, all provisions that
contrary to this law, in particular the Decree of 24 July 2003. February
1943, no. 56, Coll., on the remuneration of certain long-term leases and interest
bonds and other Bank debentures.
§ 33
This Act shall take effect on the date of the notice; It does the Minister
of finance in agreement with the ministry of transport and justice and other
the participating members of the Government.
Gottwald in the r.
Dr. John v. r.
Zápotocký in r.
Kabeš in r.
