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Proclamation No. 19312000

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Property Mortgaged or Pledged with Banks
Page 1386
(Amendment) Proclamation i

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Short Title
This Proclamation may he cited as the' 'Property
Mortgaged or Pledged with Banks (Amendment)
Proclamation No. 216/2000".

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WHEREAS, it has hecome necessary to amend the

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Property Mortgaged or Pledged witih Banks Proclamation No.
97/199H;
NOW, THEREFORE, in accordance with Article 55( I)
\)f the Constitution of the Federal Dcmocratic Repuhlic of
~thlOpia, it is herehy proclaimed as follows:
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TION NO. 21 (J/2000

A PROCLAMATION
TO AMEND THE PROPERTY
MORTGAGED
OR PLEDGED WITH BANKS
PROCLAMA TION

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6'11Year No. 46
ADDIS ABABA - 6"' July, 2000

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OF ETHIOPIA

Amendment
The Property Mortgaged or Pledged with banks
Proclamation No. 97/1998 is hereby amended as follows:
I) The correction made to Article 3 of Proclamation
under paragraph (1) of Corrigendum No. 111998 is
hereby deleted and the ph'rase "or if no buyer
appears at the second auction, to acquire the
property at the t100r price set for the first auction and
have the ownership of the property transferred to it"
is inserted after the word' 'buyer" on the eighth line
of the Article.

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No.46 6thJuly, 2000-Page

1387

The correction made to Article 4 of the Proclamation

under paragraph (2) of Corrigendum No. 1/1998 is
hereby deleted and the phrase' 'or if no buyer
appears at the second auction, it may acquire the
property at the floor price set for the first auction and
have the ownership of the property transferred to it"
is added after the word.. "buyer" at the end of the
Article.

Effective Date
This Proclamation shall come into force as of the 6thday
of July, 2000.

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Done at Addis Ababa, this 6thday of July, 2000.

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~ERHANENA

NEGASO GIDADA (DR.)

PRESIDENT OF THE FEDERAL
DEMOCRATIC REPUBLIC OF ETHIOPIA

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