Law on the imprint of a 1-DM gold coin and the establishment of the Foundation "Money and Currency"

Unofficial table of contents

1-DM-GoldmünzG

Date of completion: 27.12.2000

Full quote:

"Law on the imprint of a 1-DM gold coin and the establishment of the Foundation" Money and Currency " of 27 December 2000 (BGBl. I p. 2045) "

Footnote

(+ + + Text evidence from: 31.12.2000 + + +)

First section
Issue of a 1-DM gold coin

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§ 1 Edition by the Deutsche Bundesbank

The Deutsche Bundesbank is authorized to issue a coin in gold over 1 German mark (1 DM gold coin) with a circulation of up to one million copies in order to commemorate the Deutsche Mark in its own name in 2001. Unofficial table of contents

§ 2 Form of the 1-DM-Gold Coin

(1) The design of the value and image page of the 1-DM gold coin is identical with the figure of the 1 DM federal coin, with the exception of the transcript on the picture page. The transcript is "Deutsche Bundesbank". (2) The Deutsche Bundesbank, in consultation with the Federal Ministry of Finance, shall determine the technical characteristics of the 1-DM gold coin. (3) The design and technical characteristics of the 1-DM gold coin shall be in the following: Federal Gazette to make known. Unofficial table of contents

§ 3 Legal tender

The 1-DM-gold coins are legal tender in accordance with § 4 until the end of the 31 December 2001. Unofficial table of contents

§ 4 Assumption of acceptance and exchange

(1) The Deutsche Bundesbank is obliged to pay the 1-DM gold coins in payment or to exchange them in other legal tender. (2) For the exchange of the 1-DM gold coins from 1 January 2002, the provision of § 1 sentence 2 of the German Federal Reserve shall apply. DM-termination act accordingly. Unofficial table of contents

§ 5 embossing and remuneration

(1) The 1-DM gold coins are pronounced by those mint sites of the countries that are willing to do so and who are commissioned by the Deutsche Bundesbank (Bundesbank). The German Bundesbank is subject to the supervision of the Deutsche Bundesbank. (2) The Deutsche Bundesbank, in consultation with the mints of the Länder, shall determine the distribution of the quantities to be printed on the individual mints and the quantities for which the coins are to be used. Embossing of the gold coins to ensure uniform and reasonable remuneration. (3) The coin metals required for the embossing are assigned to the mints by the Deutsche Bundesbank. Unofficial table of contents

§ 6 Marketing

Without prejudice to the first sentence of Article 106 (2) of the Treaty establishing the European Community, the 1-DM gold coins shall be placed on the market by the Deutsche Bundesbank and the point of sale for collectors ' coins at the Federal School Administration. Unofficial table of contents

§ 7 Output price

The Deutsche Bundesbank shall determine the issue price of the 1-DM gold coin after the market price for gold the day before the first edition plus a market-standard output surcharge. It can change the output price due to a change in the price of the gold in the sales period. Unofficial table of contents

§ 8 Use of proceeds

(1) The net proceeds from the placing on the market of the 1-DM gold coins shall be paid up to the amount of DM 100 million of the Foundation "Money and Currency". (2) The net proceeds surpassing the amount referred to in paragraph 1 shall flow to the Foundation "Preußischer Kulturbesitz". It is earmarked for the renovation of the Berlin Museum Island. (3) The Deutsche Bundesbank is returning the net proceeds on 2 January 2002. Unofficial table of contents

§ 9 Application of the Coin Law of the Coin Act

Section 13 of the Coinage Act of 16 December 1999 (BGBl. 2402) does not apply to the 1-DM gold coins.

Second section
Foundation "Money and Currency"

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Section 10 Establishment of the Foundation

(1) Under the name 'Money and currency', a legal foundation under public law is established. The foundation is being created on 1 January 2002. (2) The foundation is based in Frankfurt am Main. Unofficial table of contents

§ 11 Purpose of the Foundation

(1) The purpose of the Foundation is to raise public awareness of the importance of stable money and to promote it. To this end, the Foundation supports economic and legal research, in particular in the field of monetary and monetary affairs. (2) The fulfilment of this purpose is particularly useful:

1.

the implementation and financing of research projects;

2.

the granting of research fellowships;

3.

the promotion of scientific exchange of views through events and discussion forums with German and international participation.

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§ 12 Foundation assets

(1) The Deutsche Bundesbank administers the assets to be flown to the Foundation pursuant to Article 8 (1). (2) In order to fulfil the purpose of the foundation and to finance the administrative costs, the Foundation shall use the proceeds from the asset of the assets under paragraph 1. (3) The foundation is entitled to accept donations from third parties. (4) In the event of the termination of the foundation, its assets are payable by the Deutsche Bundesbank. Unofficial table of contents

§ 13 Statute

The Foundation, in agreement with the Deutsche Bundesbank, and in consultation with the Federal Ministry of Finance, has established a statute which is decided by the Board of Trustees by a majority of six of its members ' screens. The same shall apply to amendments to the Articles of Association. Unofficial table of contents

§ 14 Foundation organs

The Foundation's organs are the Board of Trustees and the Board of Directors. Unofficial table of contents

§ 15 Board of Trustees

(1) The Board of Trustees consists of seven members. The Deutsche Bundesbank appoints five members. The Federal Ministry of Finance appoints two members. A representative shall be appointed for each member. (2) The Board of Trustees shall elect the Chairperson and his deputy from its members. (3) The members of the Board of Trustees and their representatives shall be appointed for a period of four years. Repeated order is allowed. If a member retires prematurely, a successor is to be appointed for the remainder of his term of office. (4) The Board of Trustees decides on all fundamental questions which are part of the remit of the Foundation, in particular on the determination of the Budgets and the annual accounts. It establishes guidelines for the allocation and use of the foundation funds and supervises the activities of the Board of Management. (5) The Board of Trustees is validly qualified when more than half of its members are present. Decisions shall be taken by a simple majority; in the event of a tie, the Chairman's vote shall be taken. Unofficial table of contents

Section 16 Executive Board

(1) The Executive Board shall consist of three members. They are appointed by the Board of Trustees for a period of five years by a majority of six screens. (2) The Board of Management shall conduct the ongoing operations of the Foundation, in particular it shall execute the decisions of the Foundation Board. It shall also be responsible for the use and allocation of the Foundation's funds and for the monitoring of their appropriate and economic use. He represents the Foundation in court and out of court. The statutes shall be regulated in detail. Unofficial table of contents

§ 17 Next-to and voluntary work

The members of the Board of Trustees and of the Board of Directors act on a voluntary basis, insofar as they are not acting on a side-by-side basis. Unofficial table of contents

§ 18 Supervision

(1) The Foundation is subject to the legal supervision of the Federal Ministry of Finance. (2) The provisions applicable to the Federal Administration shall be applicable to the budget, treasury and accounting system as well as to the accounting of the Foundation. Application.

Third Section

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Section 19 Entry into force

This Act shall enter into force on the day after the announcement.