The amendment to the resolution of 30 March 2011 concerning the rules for acquiring, withdrawing and disposing of shares and stocks in commercial-law companies by the Mayor of Bolesławiec results from the need to clarify the provisions of the resolution, with the aim of eliminating possible differences in interpretation that could arise at the stage of disposing of shares.

In Resolution No. VII/41/11 of the Bolesławiec City Council of 30 March 2011 concerning the rules for acquiring, withdrawing and disposing of shares and stocks in commercial-law companies by the Mayor of Bolesławiec, Paragraph 5 shall read as follows:

  1. The Mayor of Bolesławiec is hereby authorized to dispose of shares in companies. Initiating the procedure for disposing of shares requires, each time, the adoption of a resolution by the City Council.
  2. The disposal of shares shall take place through negotiations initiated on the basis of a public invitation to negotiations, documented in minutes, subject to Paragraph 3.
  3. The City Council may consent to a procedure for disposing of shares other than that provided for in Paragraph 2.
  4. The Mayor of Bolesławiec shall decide to dispose of shares by issuing an order.

The introduced solution follows from Article 33(3) of the Act on Commercialization and Privatization.

(commissioned information)