Arrêté du 11 mars 1931 concernant une nouvelle émission d'obligations foncières et d'obligations communales par le Crédit foncier de l'Etat.

This preamble introduces an order about a new issue of mortgage bonds and municipal bonds by the Crédit foncier de l'Etat.

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Jurisdiction: Luxembourg
Instrument: Decision
Citation: http://data.legilux.public.lu/eli/etat/leg/a/1931/03/11/n1/jo
Status: In force
Version: Undated source snapshot
Language: fr
Updated: 11 Mar 1931
Official source: View official record ↗

bond issuance bond redemption bonds coupon tax debt securities early redemption interest

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This preamble introduces an order about a new issue of mortgage bonds and municipal bonds by the Crédit foncier de l'Etat. The Crédit foncier must issue two bond offerings, each with a nominal amount of 75 million francs. The bonds must be signed by two named officials and carry the supervisory commissioner’s visa; the signatures and visa may be applied by stamp. Bearer bonds are to be issued in one or more tranches, at par, in specified denominations, carry 5% annual interest, and the coupons are exempt from coupon tax. The provision sets when certain obligations are withdrawn: 15 years for foncières obligations and 25 years for communal obligations, by a drawing held in March. Le Crédit foncier may repay the circulating securities early, but only after giving three months’ notice published in the Mémorial.

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Provisions of Arrêté du 11 mars 1931 concernant une nouvelle émission d'obligations foncières et d'obligations communales par le Crédit foncier de l'Etat.

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Part preamble

Preamble

preamble
Preamble
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AI-assisted research summary: This preamble introduces an order about a new issue of mortgage bonds and municipal bonds by the Crédit foncier de l'Etat.

Le contenu de la version HTML du Journal officiel luxembourgeois est identique Ã la version PDF. ArrÃªtÃ© du 11 mars 1931, concernant une nouvelle Ã©mission d'obligations fonciÃ¨res et d'obligations communales par le CrÃ©dit foncier de l'Etat. Le Directeur gÃ©nÃ©ral des finances, Vu la loi du 16 juin 1930 portant rÃ©organisation du CrÃ©dit foncier et notamment les art. 7 nÂ° 3. 36, 38, 39, 40 et 41 de la mÃªme loi; Vu la dÃ©libÃ©ration du Conseil d'administration du CrÃ©dit foncier en date du 7 mars dernier; ArrÃªte: â

1 er
Art. 1 er .
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AI-assisted research summary: The Crédit foncier must issue two bond offerings, each with a nominal amount of 75 million francs. The bonds must be signed by two named officials and carry the supervisory commissioner’s visa; the signatures and visa may be applied by stamp.

Art. 1 er . Le CrÃ©dit foncier de l'Etat du Grand-DuchÃ© de Luxembourg procÃ©dera Ã une Ã©mission d'obligations fonciÃ¨res d'un import nominal de 75 millions de francs et Ã une Ã©mission d'obligations communales du mÃªme import nominal de 75 millions de francs. Ces obligations seront signÃ©es par le Directeur gÃ©nÃ©ral des finances et par le directeur du CrÃ©dit foncier. Elles porteront le sceau de l'Ã©tablissement et le visa du commissaire de surveillance. Les signatures et le visa pourront Ãªtre apposÃ©es au moyen d'une griffe. â
2
Art. 2.
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AI-assisted research summary: Bearer bonds are to be issued in one or more tranches, at par, in specified denominations, carry 5% annual interest, and the coupons are exempt from coupon tax.

Art. 2. Les obligations seront au porteur; elles seront Ã©mises en une ou plusieurs tranches, au pair, en des coupures de 500, 1.000, 5.000 et 10.000 francs et porteront intÃ©rÃªt Ã raison de 5% l'an. Les coupons d'intÃ©rÃªt semestriels seront payables les 15 mai et 15 novembre de chaque annÃ©e. Les obligations Ã Ã©mettre en exÃ©cution du prÃ©sent arrÃªtÃ© sont exemptes de l'impÃ´t sur le coupon, conformÃ©ment Ã la loi. â
3
Art. 3.
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AI-assisted research summary: The provision sets when certain obligations are withdrawn: 15 years for foncières obligations and 25 years for communal obligations, by a drawing held in March.

Art. 3. Le retrait des obligations Ã©mises en exÃ©cution du prÃ©sent arrÃªtÃ© se fera en 15 annÃ©es pour les obligations fonciÃ¨res et en 25 annÃ©es pour les obligations communales et ce par voie de tirage ayant lieu dans le courant du mois de mars. Ce tirage dÃ©signera les titres qui seront appelÃ©s au remboursement au pair Ã la date du 15 mai de la mÃªme annÃ©e. â
4
Art. 4.
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AI-assisted research summary: Le Crédit foncier may repay the circulating securities early, but only after giving three months’ notice published in the Mémorial.

Art. 4. Le CrÃ©dit foncier se rÃ©serve la facultÃ© de rembourser les titres en circulation par anticipation, aprÃ¨s un prÃ©avis de trois mois publiÃ© au MÃ©morial. â
5
Art. 5.
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AI-assisted research summary: Existing legal and regulatory provisions remain applicable.

Art. 5. Seront au surplus applicables les dispositions lÃ©gales et rÃ©glementaires actuellement en vigueur. â
6
Art. 6.
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AI-assisted research summary: This article says the present order will be published in the Mémorial.

Art. 6. Le prÃ©sent arrÃªtÃ© sera publiÃ© au MÃ©morial. Luxembourg, le 11 mars 1931. Le Directeur gÃ©nÃ©ral des finances, P. Dupong.

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