Arrêté du 10 juillet 1936, réglant les conditions de l'emprunt autorisé par la loi du 23 décembre 1935.

AI-assisted research summary: This preamble says the Minister of Finance issues an order about the conditions of a loan authorized by the law of 23 December 1935.

AI-assisted research summary: The State of Luxembourg will issue bearer bonds in tranches, with the first tranche set at 50,000,000 Luxembourg francs, and the bonds will bear 4% annual interest.

AI-assisted research summary: The issue price is set at 100% of nominal value, subscriptions are fixed for 15 July 1936, and later subscriptions must include accrued interest; the Government may reduce received subscriptions.

AI-assisted research summary: Les titres doivent être signés par le ministre des finances et contresignés par le préposé de la Recette Générale; ces signatures peuvent aussi être apposées par griffe ou imprimé.

AI-assisted research summary: Certain titles issued under Article 1 and the coupon sheets are exempt from stamp and registration formalities.

AI-assisted research summary: The government may not convert the bonds during the first three years, and the finance minister must appoint commissioners if needed for the bond draw.

AI-assisted research summary: Les obligations sont accompagnées de 70 coupons d’intérêt semestriels avec talon.

AI-assisted research summary: Coupon payments and bond redemptions must be handled without fees at the specified public offices.

AI-assisted research summary: All these payments must be made in cash in the Grand Duchy, using money accepted in the State’s public coffers.

AI-assisted research summary: Interest stops when the bond becomes redeemable, and the bond must be returned with its stub and any unmatured interest coupons.

AI-assisted research summary: Some redeemed securities must be paid back on 15 July after the draw; unclaimed interest coupons lapse after 5 years; unclaimed redeemable bond principal lapses after 30 years; late presentment gives no default interest or compensation.

AI-assisted research summary: State accountants must hand over paid coupons and redeemed securities to the General Treasury, and the General Treasury must send canceled coupons and amortized securities to the Minister of Finance each year.

AI-assisted research summary: The Minister of Finance must take the necessary steps to obtain official listing of the loan’s securities on the Luxembourg Stock Exchange.

AI-assisted research summary: The loan bonds may be issued as registered certificates.

AI-assisted research summary: The titles of the new loan must be kept in the custody of the General Treasury Receipt.

AI-assisted research summary: This article says the order will be published in the Mémorial Luxembourg on 10 July 1936.