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Mugher Cement Factory Re-Establishment Council of Ministers Regulations No. 53-1999

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OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA 5th Year No. 67 ADDIS ABABA - 30th July , 1999 CONTENTS Council of Ministers Regulations No. 53/1999 Mugher Cement Factory Re - Establishment Council of Ministers Regulations ... Page 1148 COUNCIL OF MINISTERS REGULATIONS No. 53/1999 COUNCIL OF MINISTERS REGULATIONS TO PROVIDE FOR THE RE - ESTABLISHMENT OF MUGHER CEMENT FACTORY These Regulations are issued by the Council of Minis ters pursuant to Article 5 of the Definition of Powers and Duties of the Executive Organs of the Federal Democratic Republic of Ethiopia Proclamation No. 4/1995 and Article 47 ( 1 ) ( d ) of the AnblicEnterprises Proclamation No. 25/1992 . 1. Short Title These Regulations may be cited as the “ Mugher Cement Factory Re - Establishment Council of Ministers Regulations No. 53/1999 . ” 1 ) Mugher Cement Factory ( hereinafter “ the Enterprise ” ' ) is hereby amalgamated with the Addis Ababa Cement Factory and re - established as a publicotterprise . 2 ) The Enterprise shall be governed by the Public enterprises Proclamation No. 25/1992 . A body to be designated by the Government shall be the supernising authority of the Enterprise . Unit Price The African Law Archive 4. Head Office The Enterprise shall have its head office in Mugher and may have branch offices elsewhere as may be necessary . 5. Purpose The purpose of the Enterprise shall be to manufacture and supply cement and to engage in other related activities conducive to the attainment of its purposes . 6. Capital The authorized capital of the Enterprise shall be Birr 334,716,000 ( three hundred thirty four million seven hundred " sixteen thousand Birr ) of which Birr 257,516,000 ( two hundred fifty seven million five hundred sixteen thousand Birr ) is paid up in cash and in kind . 7. Liability The Enterprise shall not be liable beyond its total assets . 8. Duration The Enterprise is established for an indefinite duration . 9. Repeal The Mugher Cement Factory Establishment Council of Ministers Regulations No.100 / 1992 and the Addis Ababa Cement Factory Establishment Council of Minis ters Regulations No. 101/1992 are hereby repealed . 10. Transfor of Rights and Obligations The rights and obligations of Mugher Cement Factory established under Regulations No. 100/1992 and the Addis Ababa Cement Factory established under Regulations No. 101/1992 are hereby transferred to the Enterprise . These Regulations shall enter into force on the date of Done at Addis Ababa , this 30th day of July , 1999 . PRIME MINISTER OF THE FEDERAL DEMOCRATIC REPUBLIC OF ETHIOPIA RAMENA SELAM PRINTING ENTERPRISE The African Law Archive

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