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"takeover" Of State Pre-War Debt Unsecured

Original Language Title: Takeover Of State Pre-War Debt Unsecured

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104/1928 Sb.



Law



of 22 March. June 1928



the state takeover of pre-war debt unsecured.



The National Assembly of the Czechoslovak Republic decided on this

the Act:



§ 1.



Czechoslovak Republic, filling the duty-based article 203, no. 2,

the peace treaty of St. Germain St. and article 186, no. 2, of the peace treaty

The Trianon takes to its pre-war State bonds debited

unsecured debt of Austrian and Hungarian referred to in § 2, if

the conditions laid down in § 3.



§ 2.



Transposing the bonds these emissions:



1.4% of the Austrian Crown renta I issue coupons 1./3. and 1./9.



2.4% of the Austrian Crown renta II. emissions with coupons 1./6. and 1/12.



3. the 3 1/2% of the Austrian investment annuity with coupons 1./2. and 1/8.



4.4.2% paper renta with coupons 1./2. and 1/8.



5.4.2% silver renta with coupons 1/4. and 1/10.



6.4% of the converted paper renta with coupons 1/5. and 1./11.



7.4% silver, with the converted renta coupons 1./1. and 1/7

.



8.4% of the Austrian Golden annuity with coupons 1/4. and 1/10

.



9.4 1/2 of the Austrian Treasury bills from 1914 with coupons 2./1.

and 1./7.



10. loan insurance of 4.36% r. 1912.



11. the older of the State debt of unifikací r. 1868 (section 3, no. 11,

Government regulation of 7 April. April 1921, no. 151 Coll. and n.).



12.4 1/2% of the Hungarian annuity from 1913 with coupons 1/4. and 1/1

0.



13.4% of the Hungarian Crown renta with coupons 1./6. and 1/12.



14.4% of the Hungarian Golden annuity with coupons 1./1. and 1./7.



15.4 1/2% of the Hungarian umořitelná renta from 1914 with coupons 1./3. and 1./9.



16.4% Hungarian mooring land debt with coupons 1/5. and 1./11.



17.4 1/2% of the bonds for the purchase of draft regálních rights.



§ 3.



(1) the bonds referred to in § 2 shall be taken, if they are in official custody

According to a government regulation of 7 April. April 1921, no. 151 Coll. and n., if

in terms of 25 June. September 1921, no. 355 Coll. and n. and if they are marked with the

According to a government regulation of 12 June. in March 1919, no. 126 Coll. and n.



(2) bonds are excluded from the acceptance that were marked out territory

The Czechoslovak Republic to implement article. 203 of the peace treaty

St. St. Germain, with regard to the article. 186 the Trianon Peace Treaty.



§ 4.



(1) Bonds, which will not be taken under this Act,

official custody issued.



(2) additional folding State bonds of pre-war unsecured debt

Austrian and Hungarian, seznamenaných according to § 1, lit. (b)), vl. r. No.

151/1921 Coll., and with regard to according to § 1, lit. (b)), vl. r. No.

355/1921 Coll., and in official custody is terminated.



§ 5.



The commitment of the assumed bonds will be fulfilled in ways laid down in §§ 9-

23 if such bonds were no longer issued State bonds

Czechoslovak and either:



and 6% slosovatelné bonds) state loan from 1921 under the law of

on 12 June 2006. in August 1921, no. 308 Coll. and n., on State loan to pay

the deficit from the flour of the holding,

(b)) the provisional law of the day provided 10. July 1922, no. 250 Sb.

from the.



and n, for paying the interest of the State of pre-war unsecured debt,



(c) consolidation loans) the bonds in accordance with the Decree of the Minister of Finance of

February 11, 1926, no. 19 Coll. and n.



§ 6.



In the interim, sheets, issued on the basis of § 8 of law no 250/1922 Coll. and

and on the basis of article. (II) the Government's regulation of 11 July. in December 1922, no.

365 Coll. and n., bonds will be issued replacement rents and it:



1. for the provisional serie C replacement sheets renta 3 1/2%,



2. in the interim, leaves and series B, F, G, H, HH, K, L, LL spare renta

4%,



3. in the interim the leaves series D, E alternative renta 4.2%,



4. for the provisional serie s replacement sheets renta 4 1/2%.



§ 7.



(1) with a nominal value of Czk 100 provisional sheets will be fundamentally released

the nominal value of Czk 100 spare annuities.



(2) However, in the interim the leaves series (H), (J), (L) will be issued bonds

the replacement just in pieces the annuities dělitelných 100. The rest of the nominal value of the

Provisional sheets 100 indivisible pays in cash. For the purpose of

determine the amount that is cash vyplatiti summed all

at the same time sheets submitted to the interim replacement of the same owner.



§ 8.



(1) Bonds will be fundamentally zníti spare rents on owner and such

the bonds will be issued in pieces after 100 Czk, 200, 1000, 2000, 10,000,

20,000.



(2) pieces of bonds may not be shodny rents replacement with pieces

Provisional sheets submitted to the Exchange.



(3) the nominal value of the bonds, annuities can be half-yearly replacement

zpětmo 1. may and 1. November. Each bond spare annuities

for this purpose, will be appended to the semi-annual coupons, 38 of which the first to 1.

November 1928, and talon.



§ 9.



For the bonds referred to in § 2, no. 1-8 and 12-14, which until

the effectiveness of this law have not been exchanged for provisional lists, will be

issued bonds, replacement annuity (sections 6, 8):



1. the bonds referred to in § 2, no. 3, replacement annuity 3 1/2%,



2. bonds referred to in § 2, no. 1, 2, 6, 7, 8, 13, 14, replacement annuity

4%,



3. the bonds referred to in § 2, no. 4, 5, replacement annuity 4.2%,



4. bonds referred to in § 2, no. 12, spare renta 4 1/2%.



§ 10.



This exchange shall be carried out, mutatis mutandis, in accordance with the provisions of law no 250/1922 Sb.

from., n., and government regulation of 11 July. in December 1922, no. 365 Coll. and

n., and of 5 November. in March 1927, no. 18 Coll. and n, but with the following changes:



1. Coupons adults from 1. August 1920 on bonds of Austrian, if

terms from 1. August 1921 for bonds, in the Hungarian 1. in May 1928, including the

It pays to pay full value (change the article. (III), para. 1.-3. and the article.

In para. 3., vl. r. No 365/1922 Coll. and n.).



2. teens from 1. Coupons June 1928 to 1. October 1928, including pay

the proportional part of their payout values for the period of time from the date when the coupon began

run to 1. May 1928 (Amendment to article. III., para. 4., vl. r. Arch. microbiol.

365/1922 Coll. and n.).



3. the bonds referred to in § 2, no. 8, 12, 14, will be issued bonds

the replacement just in pieces the annuities dělitelných 100. The rest of the 100 indivisible

shall be paid in cash by analogy with the provisions of section 7, para. 2. (Amendment to article. (II),

paragraph. 4., no. 2, 3, 4, vl. r. No 365/1922 Coll. and n.).



§ 11.



The Minister of finance is hereby empowered to make at a time and under conditions to be determined,

the owners of the bonds offered spare neumořitelné exchange of annuities

bonds for bonds redeemable.



§ 12.



For the bonds referred to in § 2, no. 15 and 16, will be issued a replacement renta

umořitelná (section 15):



1. the bonds referred to in § 2, no. 15, umořitelná replacement renta 4 1/2

%,



2. bonds referred to in § 2, no. 16, umořitelná replacement renta 4%.



§ 13.



(1) to 100 (£ 50) the nominal value of the original bonds will be

in principle, given the nominal value of Czk 100 spare redeemable annuities.



(2) However, under the bonds referred to in § 2, no. 15, bonds will be issued

redeemable only in replacement annuity pieces dělitelných 100. The rest of the 100

indivisible in cash shall be paid by analogy with the provisions of section 7, para. 2.



§ 14.



(1) Bonds redeemable rents will be replacement of the owner of zníti

and such bonds will be issued in pieces after 100 Czk, 200, 1,000, 2,000,

10,000, 20,000.



(2) pieces of bonds redeemable annuities may not be a replacement shodny with pieces

the original bonds submitted to the Exchange.



(3) the nominal value of bonds redeemable with spare annuities can be

half a year zpětmo 1. may and 1. November. Each bond shall be for

the purpose of the attached semi-annual coupons, 38, of which the first to 1. November

in 1928, and the talon.



§ 15.



(1) Bonds redeemable annuities issued replacement under section 12 shall be redeemed

the longest in 25 years, starting the year 1929. Each year, will be amortized by

at least 1/25 of the original amount of the whole issue.



(2) the Minister of finance may pay off the purchase of bonds from the market realized under

the nominal value. If in this way in a particular year umořeno less

than 1/25 of the original amount of the entire issue, will the rest of the am slosováním.



(3) the Minister of finance is empowered to draw at any time to be paralyzed to permit or

neumořenou till now part of these emissions after the previous three-month notice.



§ 16.



(1) when replacing the original bonds for replacement umořitelnou fee will be

cash paid interest attributable to the competent federal and

attached coupons:



1. all bonds-interest attributable to the coupons, which reached after

26. July 1921, and accrued to the 1. May 1928;



2. for those bonds, 26 March 2004. August 1922 was in the ownership of the

Czechoslovak nationals or domestic legal entities

-also interest on coupons, which reached from 1. March 1919

starting from 26. July 1921.



(2) the value of the coupons after 1 chybících adolescent. May 1928 must be

the party replaced.



§ 17.



(1) for the bonds referred to in § 2, no. 17, will be released 4 1/2% of the replacement

Renta (section 9, no. 4) in the proportion of the nominal value of CZK 100 replacement annuity for

100 to the nominal value of the original bonds.



(2) the terms of the bonds and the payment of interest, the provisions of section 18.



§ 18.



(1) the provisions of §§ 9-17 shall apply mutatis mutandis for bonds denominated in the name

or vinkulované. Such bonds will be exchanged for bonds

the appropriate replacement annuities (sections 9, 12, 17), sounding significantly on the name or

vinkulované in amounts dělitelných 100, the nominal value of the

can be managed on a zpětmo 1. may and 1. November.
(2) Any payment of interest by the Government regulation of 15 March. March

1919, no. 132 Coll. and n., stops ex officio before the start

of the Exchange.



(3) when the exchange such bonds the replacement fee is worth it

from them till now unpaid interest, adults from the 1. August 1920 on bonds

the Austrian, with respect from the 1. August 1921 for Hungarian bonds, and

accrued until the date on which the rent will begin reaping the spare.



(4) the Czechoslovak nationals and legal persons,

If you are entitled to select the interest concerned, it is worth also till now

unpaid interest adults from 1. March 1919 to 1. July 1920 for the

Austrian bonds with regard to 1. July 1921 on bonds

Hungarian.



§ 19.



The Finance Minister is empowered to make an interest payment of government bonds

in the name of or vinkulovaných arranged with the post office

in connection with cheques.



§ 20.



(1) the bonds referred to in § 2, no. 9, if they belong to the seriím (II), (III), (IV),

VI, VII, X, XIII, XIV, XV, will be paid in cash and in proportion 100 Czk

for 100 to the nominal value.



(2) at the same time with the principal of the bonds will be paid in cash to the competent and

coupons attached to them, adults from the 2. January 1921 to 1. April 1929

including.



(3) in the case of bonds, of which 26 June. August 1922 was in the ownership of the

Czechoslovak nationals or domestic legal entities,

worth the cash to bonds and coupons attached to them,

between from 1. July 1919 to 1. July 1920.



§ 21.



(1) the bonds referred to in § 2, no. 9, nálžejí to seriím IX and XII and

February 26. August 1922 were the property of the Czechoslovak State

members or domestic legal entities, will be paid without interest

cash in proportion 100 CZK 100 to the nominal value.



(2) Bonds belonging to seriím I, V, VIII and XI will be taken.



(3) in the case of the bonds of each series specified in paragraph 1(b). 1. and 2., which are added to the name of the

or are vinkulovány, stopping payment of interest by vl. r. No.

132/1919 SB. z. a n. Interest adults from 2. in January 1919, which on the basis of

This regulation has been paid from the bond series IX and XII, collide when

payment of the principal.



section 22.



(1) the interest paid on bonds earlier the national debt from the time before the

unifikací r. 1868 (§ 2, no. 11) will be kapitalisovány on the basis of interest

rate of 5%, and the amount so calculated shall be paid in cash.



(2) at the same time with this amount will be paid out in cash till now unpaid

interest, adults from the 1. March 1919 and accrued up to the date of payment of the principal.



section 23.



Partial bonds emissions referred to in § 2, no. 4, 5, 6, 7, issued on the basis of the

the law of 20 July 2004. in June 1868, no. 66 of the lines, on the conversion of different bonds

posavadního general government debt and sounding at 2.50 zl. and 10 zl.,

It shall be paid in cash for every 2.50 zl. the nominal value and the interest

7 Czk.



§ 24.



The demands on the exchange of the bonds or the payment under this Act,

should be uplatniti in the imperative time-limit to 31. December 1933.



section 25.



(1) the replacement of the provisional replacement for bonds leaves annuities (§§ 6-8)

will be more closely regulated by a decree of the Minister of finance.



(2) the exchange of the pre-war unsecured bonds for bonds replacement

annuities (sections 12 to 18), as well as the payment of such bonds in cash (§ §

20-23) will be in the details of the modified Decree, which also

Specifies the conditions for the drawing of spare umořitelných rent (section 15).



section 26.



This Act shall take effect on the date of publication. His performing instructs

the Minister of finance in agreement with the súčastněnými Ministers.



T. g. Masaryk in r.



Dr. Sramek v. r.



N in r.



for the Minister Dr. Engliš.