Africa..Kilo Moto..Share..Gold..Date 1938..Bearer share..

   Some info ..

The Kilo-Moto gold mines are situated in the extreme northeast of Zaire (now the Democratic Republic of Congo).

These mines encompass two primary centers of mining operations:

1. Moto Mines: Located in the District of the Upper Uélé, gold was discovered here in 1903, and mining operations commenced in 1911
2. Kilo Mines.. Situated in the District of the Kibbali- Ituri gold mining began in 1905.

   *Action privilégiée (preferred share): 1 vote voting stock with a priority to a dividend included in the Company's share capital (capital social), and had no voting rights.

3. Different subtypes of the last exist: part de fondateur, part de dividende, part de réserve and also action de jouissance.not (beneficiary share) was without face value and was part bénéficiaire (common or ordinary share) is frequently not publicly listed and a name share. It had two votes each. The part social (bonus share), which also hade one vote each – in certain cases limited to the favour of the Colony.

4.  This distribution applied to the assets of the Company in the event of liquidation too.

5. The actual rights of the classes vary according to the articles of association of each company.

6. In Kilo-Moto's case the preferred shares were entitled to a modest fixed interest and the bonus shares to a modest fixed dividend. Roughly half of the profit remaining after certain allocations were distributed to each of the common and beneficiary share 

7. ***Article 15 of the Convention signed in Brussels 6 Feb. 1965 (#7852, law 23 April 1965) regarding settlement of public debt and portfolio of the Belgian Congo: "Title to the securities constituting the portfolio of the Belgian Congo shall vest in [the Democratic Republic of] the Congo".

8. All the securities are listed in the Convention's appendix and for the Kilo-Moto Company they are: 13,616 preference shares, 26,384 jouissance shares [together 40,000, 200,000 registered shares [= parts sociales] and 196,650 'management' shares [perhaps what was still unsold of the parts bénéficiaires/de fondateur; 1,203,350 such shares thus being in private hands].
   So all shares, except the 20,000 preferred ones originally subscribed by the Belgian banks, seem to be accounted for.

9. Scripophily dealers claim that shares of this Company were listed on the Brussels stock exchange (until the 1980s?)

10.  Could it be that most of the aforementioned beneficiary shares had been publicly sold by the Colony?

11. The Company's Articles of Association (abstract in French)) did not allow for any change of the shares' grand total number.

12. According to the original A. of A. the duration of the Company was until 1976, or earlier in case of repurchase of the assets by the Colony.
     

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