Arrêté du 12 août 1916 déterminant les conditions d'émission du nouvel emprunt à émettre en exécution de la loi du 11 août 1916. | http://data.legilux.public.lu/eli/etat/leg/a/1916/08/12/n1/jo — Luxembourg law | Esheria

Arrêté du 12 août 1916 déterminant les conditions d'émission du nouvel emprunt à émettre en exécution de la loi du 11 août 1916.

This preamble states that the act sets the conditions for issuing a new loan under the law of 11 August 1916.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Luxembourg
Instrument
Decision
Citation
http://data.legilux.public.lu/eli/etat/leg/a/1916/08/12/n1/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
View official record ↗
administrative instructions bond issuance bond repayment bonds coupon payments currency exchange rate government borrowing government finance interest payments listing payment processing payments public sale redemption securities signatures treasury administration

Statute overview

About this statute

This preamble states that the act sets the conditions for issuing a new loan under the law of 11 August 1916. The Grand Duchy must issue bearer bonds for 25 million francs, carrying 4% annual interest payable twice a year, and the bonds must be signed and countersigned by specified officials. The bonds must be issued with a coupon sheet of 34 semiannual interest coupons, payable to bearer. This article sets annual repayment and interest amounts for the loan, allows repayment by annual drawings or amicable buyback, and assigns roles to finance officials for drawings, publication, and buyback pricing. Les coupons échus et les titres remboursés se paient sans frais à la Recette générale et aux caisses des comptables de l’administration des postes; le Gouvernement peut aussi désigner des banques à l’étranger pour les mêmes fins.