OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 10 Year No. 66 Addis Ababa 23rd August , 2004 CONTENTS Council of Ministers Regulation No. 109/2004 Water Works Construction Enterprise Establishment ( Amendment ) Council of Ministers Regulation ....... .Page 2891 COUNCIL OF MINISTERS REGULATION No. 109/2004 WATER WORKS CONSTRUCTION ENTERPRISE ESTABLISHMENT ( AMENDMENT ) COUNCIL OF MINISTERS REGULATION Pursuant to Article 5 of the Definition of Powers and Duties of Piblic Enterprises Establishement Proclamation No. 25/1992 . 1. Short Title This Regulation may be cited as the “ Water Works Construction Enterprise Establishment ( Amend ment ) Council of Ministers Regulation No. 109 / 2. Amendment Water Works Construction Enterprise stablishment Council of Ministers Regulation No. 156/1994 is hereby amended as follows : 1 Article 3 is hereby deleted and replaced by the following new Article 3 : “ 3 Supervising Authority The Ministry of Water Resources shall be the Supervising Authority of the Enterprise . ” 2. The following new sub - Articles / 3 / 4 / and / 5 / are added after sub - Article / 2 / of Article 5 . Unit Price The African Law Archive me canLawArchive.com - No. 6 23 " August , 2004_Page 2892 " 3. construct its own dams pertaining to water resource developmant for irrigation and other related development purpose and administer the same ; and collect the investment cost from the beneficiaries of such dam ; and invest the money on other similar development ; 4. issue , sell and pledge bonds ; 5. manufacture and sell different kind of pipes necessary for its activities . " 3 Article 6 is hereby amended as follows : “ 6. Capital The Authorized Capital of the Enter prise is Birr 3,709,180,000 ( three billion seven hundred nine million one hundred eighty thousand birr . ) of which Birr 205,412,000 ( two hundred five million four hundred twelve thousand birr ) is paid up in cash and kind . 3. Effective Date This Reulation shall come in to force as of the date of its publication in the Federal Negarit Gazeta . Done at Addis Ababa , this 23rd day of August , 2004 Prime Minister of the Federal Democratic Republic of Ethiopia The African Law Archive