English Translation

In addition, the local authority or the municipality must assume the obligation to use the loan only for the purposes granted. The Central Social Insurance Institution may also use Kemmunalloan for conversion before 1 January 1991. The loan was granted on 1 January 1927, even if the return on the original loan was used for investments other than those mentioned in the first paragraph. Provided that the amount reserved for the local loan was not covered by loans for productive, social and sanitary purposes. The central social insurance institution must also pay attention to the economic status and financial capacity of the self-government, in particular to the previous debt and the amount of the levies. The conditions for local loans are as follows: 1./ Payment to Pari, current interest rate 5% per year / Government decree of 21 December 1935, Zl. 238 Coll. d.d. & V./ payable half-yearly in advance, in addition to an administrative contribution of 1/4% annually= from the respective loan balance, due in rorhinein with the interest rate and the amortization rate, furthermore a one-time manipulation fee of 1%, and 5 3/4% surcharges. 2./ The loan is to be repaid in annuities, which are usually 1 1/2% higher than the initial capital's interest base, /ca. 26 years/. 3./ The loans are usually irrevocable in the first six years on both sides. At the end of this period, the loan can be cancelled twice a year on the date of maturity of the annuity, the notice periods are by side: . the creditor is not bound if the debt=ner has not complied with any of the liabilities assumed. The application of the district or municipality is a/ the approved forecast for the current year.