Fishery Zone Law (Public Law No. 6-7-14)

1 2 3 6 7 8 9 10 11 12 13 14 i.:; 16 17 lB 19 20 21 23 24 ( !?!11 lfl).'Jll:') roaui:: 1»1 ro. G- z-1f An 1\ct to ;::ira-.-i!!c for fi:i.'x.xic.a =ne nxr.Jlati.c:r.a llrr! ir.::n:=cn'::.:, fer I>al.ui Jllar!t.1.,"T(I Authc:rit".f. to ~Utt.e fun:!n rurl for ot."ic:r ;.·Tn:;.~~c. I cf :?al.mJ. I I ot.~...eo roguL•-es, t"ie t=: l Cl) "Atoll" =.s .'!. cirollar er.: cr.-al. =al ree fa:::-..ir.:; a g~ I p.'tlc and o=logic unity cro.~ b-j at. 1"..::st. one ~. I (2) f "Aut:tx:rity" ~ the Pal.au ~"'"!~ h.-trori'::y c.."t!lblli!ro! ly ! Sectiat 10 cf this ~. (4) "Dlle::'-..=" =.s tre Director o! the P:Wru M'!ritbe k..'"trc:-ity. ii (b) A.~J fi.s.'ii.-:;J for SIJCl stocks. I (Si t'Foreign Fis.'lin:; ~· I!Da..~ a."l agrea:ent ~ l:>y tre I D~..rlct =:'! me or =re !c::cls:i o=:=ci.~ fi::.'lin:; int=e>.~..s to pemdt I I I 17 345 l 2 3 (B~ll fl'.l.9£>2) :rurux: UC/I N:l. (, - 7- H cf. Pallsu. A •toreign p!!.rty" u a polrty to 8'X:h an ~t other than the Auth:rlty. i!I) "ron.lgn fi.llhl.ng• ~ !iehing by ~. 1"Dt w!tlly ~ or chartsred by cl ti=ns o! Palml. 6 -t:Br, 'khl.ch ill ah:vt! -t.e:r at high tide. 7 B all ot.'>er ~ o! =rlnn animal ard plant ille O'-.h= th= marine bird!!. 9 ( 12) "'Pa1lru • er • GcJvoenment c! Pal.au• re.! e:ni only to the D iB"~-ict 10 cf Pal=. 11 lJ f!Uh!ivU.ion or erry err...ity the.rec!, ard tllTf foreign gcve:rrrnent, mbtivi!iian 14 cf. su::h ~ or entity th=eo!. (14) "Reef !Wi" ~ any ~ o! llvi:'X] reocurce \ohlch 17 1S qrouping, or other <::<.'=;=';/ o! ti.sh =pable cf n=;oq=t aB a ur..!. t. 20 f!O?.l.o;ic t:nity 'Whldl ie .. ~lly ~~ at high tic!e. 21 6o::t.icxi 3. &..,,. ] iN; syst= ~ ined. A re o;ell. ~ is a c:cr:tirn.u.ui line 2~ (1) ~ !:Meline of a:n i.!11.aro er p:::r...!.on of a:n 1.s~ lacking a 2 o! 11! 18 346 1 2 3 4 5 6 7 B 9 10 ll 12 D 14 15 16 17 18 19 i 20 I I 21 'i I 22 I 23 J 2~ i 25 ( ll111 110. <;>82) l"U:':.IC' L\r," m. 6 - 7- 1-1 tho llil.arrl ae 1n1u·kcl on large OC?.1.1.e d-.'lrtll of!ic!.tl.l y rcc-:r.n.!.::~ by t.'r Gc-,=tt of Pal= Dhtrict. (2) The h::.=Enc of nn atoll or 1':2n:l or po~ c~ en i:;~,,, .... ; Gcve ... ~t of the Paluu Di.!ltrict. brcaeth. Tm ir.:Y>...r bo~ of t.'1c Territc::ial Sea of caC1 i,;::...i--rl c::- atcll i~ the ba.sr>.J.ine as dc.!'J.n.:,d in Secti= 3 o~ t.'1.i!l Act. Th<? O'Jtc.r J:-c=L.:L-J is p::int on the ba..=-1.~.ne. Act. in ~ T=itc:ci.1! Se.:t. 3 o~ 18 19 I l I I I 34 7 (!!111 N'J.9e<) ronu:: I» m. 6- 7-1+ 348 1 s..ct1on 6. ::~ FiL"cy Zcne. There is hcr"1Jy ~an 2 ~ 'tishsey l.a>e o:r1ti']\DU3 to the r:xcluai ?e 'ti.llhmy %al&. The· inner 3 ~ o!. the ~ Ti.llhery Za>e o! ....dl isl.crl or atxlll 1.8 t......, ............ro ' 1x>.n'.ary a!. the r:xclua i..... Ti.a.~ I.arW!' am t1ie OJ a.::- lx:ur&ry is a l iNi ' 5 ~ point cf ..tUdi 11 boo bn-dred nautical milee -aro of t:h8 n....r-t ' point cri the ~ ... da!i.ned in ~ 3 ot th1B /lct.. The ~ ti ir.rtJ·crity o<rer all livi.'lq ~ wit."l!.n t.'ie Ext.e.~ Ti.!lhery %.one to t.'ie 9 rull ll?ct;ar.t ~zll!d by intmna ticnal lav. 10 S..:--...icn 7. ~~ Zale. ~ t.'>e zcne o! crY! i&la.~ ov=i.,..,.. a ~ 11 zcne o! 800""..her ia141rl, they 1:'1!1"9" ~ beccr.e one, t..'>e C7Jte::° ~""Y of. 12 \C1ic:h is tr.e ~-.'"'Cl 1r01Jt ~ o! tho! me=goo :z:cne • .lJ Sec+...icn a. ~oc reA! 11. 'rr""""1 t.ic:n.tll y reco;nizOO f. iah.!.n; right.a in 14 ~ r. t areM ~ loca':Jed within U... f.iA.'>ecy :z:cne cf Palzru L'>ali 15 be pr"'5C1 Ytd and respec'"..e:! in ~ wi tll t1ie regulaticris a!. the dlltrict 16 Aut..'="i ty er~ ;;unruant to Sect.i.cn 102 o! tr.U J\ct. l 7 Sectic:n 9. De.ll.Jd t..atioo. lB (l) The Pal.ml Ma...--itlme .>.:r".Jnrit-/ aro t1ie UnitOC s+-J.°o.e& ~ l.9 nm t1ie Gol.=i=t a!. t.'>e ~ T=:-.!.tcry a.""11 ~ fa the dcli.-niulion 20 cl t!>e Pr.:au Extexoc N.3.'>ery Z<:ne ~ 1 t ovc-1.l!poi 11 u::ne o! mt.!.=a.l jc:::-1.s 23 that o! a=t.~ district of the~ Tcritcry, t.'le >.uti=-ity ln...":f by l>gree 24 ine:nt wit.'°l ~t.e ~a!. t.~ <ilr.=ict I"e3:)lve their r=pect.ive fishery 25 ~. l 2 3 4 5 6 7 8 9 lO ll l2 lJ l4 15 16 17 18 19 20 2! 22 23 24 25 ( 8111 ll:J. 91!.' rua!.IC I..1\1' lO. b - 7- /4 Sect.1Dn lO;'\ ':PalJru Harlt.ir.e Al!thd ~. (l) Tl>"!Te is hcnl:y ""tilblir.>id! a PaJ.l!U l"...ri ~ J\t:th:r J ty =n;:oeed o! tour (4) ~ appoinu-d !:Jy t.'-e High Ccr.rniseiDnc::', f= (4) mcrrbere "'r'fOinl:.00 by the Specl-.cr of tlY.' P:\lilu Lcginl..a=e, ;url ore (1) ~-= appointed jointly by th? High Qn:-.! ~~:..cncr a.-.:'. the S;=-:.>:r..r. ':1le t= of ~ chair.oan i,; chos= by irzjority vote o! t.'ie ra.-~ o~ tl-e ~-'urity. 'n"e Authority shall ~t at ~di. tir.cs a....! pl3=s as n:IJ" l::c ~~i<;!"'-"~ bj· the Clai=n = by t.'ie ll!lL'lCrity. fThe 1'1...-trority E.Mll l!<'rrpt its ~ =Wes of proced=e ~-id regulaticns.by =jcrJ.~· vote. Rs:Julations edccted cy tl1<' ~ lillthori t-.· Ehall M'Je the full U%oe am -effect of l.lr.t. """The proce£s o~ the I adopti=· of regulaticr"' by t.~ A:.:t.'=!.t)' i.s expressly ex~ f..'"lT.I tlY.? rec;uL--e- J j r.c:;t.a of the .1\G;"..inistretive Prcx::edure .!\ct wt focth.in Title li of t::"l'! Trust I ·. -rerrit=y Ccrle, rut t.>-.e J1ut.>r.rity irv'!!rtlcl~! sha:J. i.~ "'"ide di!!=:-..:r.~::::i= of tr.c ;::iro::csed r.:<;".llat.icns a.--C affcrtl t..'>e ~!ic 11 r==:tlle c;:>:cr •.• ::li ~; I I I I (2T The J>..uth::rity lihall have t.~ foll=in; d:.r-..i=, fun:;&.J=s :mrl autlDri t:y: 5 of 18 21 349 3 (b) To putici pate in tbe &!l i:r.i t.a ticn o! the :r:xte:ir!ed .C F.!...:=y :tone iri ~,.1th Section 9 o! tr.is N:t.1 s 7 B 9 16 cl:> To iu-ie foreign !h.".i!J; 1'='".its in~ with rer;;u laticna pru::ulgat.ed p...~ to Subeec:t.ia\ l a.-.l P,,,;:-aqnipb 2 (a) of th.U 22 c~ t.'"~ .\:.:t!".::)rity, er ~""-~-' t..::::!.L--s (S20.00) pc:- C=.f. -..~c.'>cve: i3 greater. \ 23 1-..:!..l r:c-~,.. cf the ;i:"t..'"=ity tl.a.1..1 rece..ivt! per C..icrn a."rl tuVt!l e..<pe:"..sell at 25 h:.rtlnr!. ty. 6 o! 18 22 350 351 l (5) The ow.m.an of the >.ut.'nri ty shall np::rt on its act! vi ties 2 to the Prellidirq O!!ioen o! the Palau Le:;ialature on a qua..-terly ballia, aro 3 to tho High Ccr.misaioncr on an anru.ial basia . The ar:nua..l rep:lrt al-.all cx:rn:.a.in 4 a deUiled ao:ount.ing of the expcrdi ture of f\...--rl1! by the >.ut.mr i ty. 5 -Sect:.iai 11 •. F=eign !iahlr<;. No vea&el. othtr than a vessel ~ 80lely 6 '1;,y the cltizenll o! Pa.l&l ?MY fl.NI in the tcrritxi.rial aea o! Palau. PonU.gn 7 fishin] 'lfBY be pe:IJl1i tted in the E>ccluai ve aro ~ Fi.shay ~, urder 8 .sectioo 14 of thll 1.ct. 9 Sect.ion 12 • l'=e ign f is. 'Un:: &area"Y?."ts • 10 (l) Each foreign !is.hi.~ ~ s..'i.all aclcno.lle6ge t."ie excl~iVI! 11 ~fishery manag~t aut.>icrity of the Goverrr:>ent of Palau 1U1 set forth in thia 12 1.ct. D (tl In negotlatirq foreign fllhirq ngremie:nu, tha >.uth::rlty llhall l 4 &eei< substantial ai;reenent by the foreign p!'rties to the ft>l l'?olirq U=s aro 15 COD!i tic:os: 16 (a) The f=e.ign party and the e>oner or operator o! any fishirt:l 17 vessel fis.'lln; t=suant to such ~t ..r.J.l abide by all re;ulatic:os 18 issued uOOer- al.."t.'nrity of Secticn 10 o! t.'tl.s >ct. 19 Cb l 'n-e f o..-ei.c;-:1 pu. -cy a.-ir:! the o.:ner or ope.-a t.or c.f. lCT':f 20 fishinj vessel fishin; p..:ri;ua.-:t. to 6\lcl'. f=eign f!.3.'U.ng "';'Z"ereeTlls will abi,C,, 21 by t.'->!! agneoe..-.t t:.at: 22 ( i) 1my off ice::" auth:iri url to enforce the prov is 1.cr.s o! 23 tI'..is >.ct s.'""'11 be pe::mit:""..00 to l:oard and search or inspoct :my vessel at a::y 24 tir.c and make arrests a.-ri aelzures ~ for in Secti.c:ri 21 o! this >ct 7 of 18 2) l 2 3 5 6 7 8 9 '.O 11 ( !l1l1 lln.91!/) W--.:1.!c u.i-.· ro. b - 7- If= (i.1) 5'='1 o!.!ice= &."'111 al:;o bu pe=.itt.u! to exami.nP. are l!"'ke rotatior.s en t.~ pc=:::Ut is:;.;ei::! p.:n:~.t to Sc.ctioo 14 cf t'tl?: Act; (ill) TlYl pcnni t 1.15 !!Uerl for arry INC! V'ef! sel p.irsuant to S«::t!cri H ot thi.8 J\ct shall ~ proT.!.'"ICntl y c!ispl.ayed in U.. ....neelr..cuse of S=h vessel 1 l4 Jvil Jige:it.a ahzi.ll be A?f-Ointcd an:! mtintA.ine.d wi t.'Un 15 Fa.lat:~ a..""C aL't.~iue to receive and re~ to a."TJ l£gu process issued 16 in PalAu wiU. respect to iruch ~ ar <:l?f'=1:.ar. 17 ia l.9 20 (d) F~ parties ~-1.1: 2.1 ( il Apply, p.irsuant to Sect.ion H , for arry required p.2 pe=i~; 23 ( i.!.) De!..i vcr p:u:;:t:l y to t. ~ o.-:-.e a:- q=-a tor of tr .e 8 cf la 21, 352 353 (Bill N0.982) PUBLIC~ m. b -7-- /1 l (ill) J.hMe by the requinlrent that ro fareiqn fLdiliq 2 Will be pe:m.i tteC1 in the F:xclusi"" llM ~ r.iahery Z<nes or Pal.al 3 01Jitrlct attm" :Jaruary l, 1979, witrout a valid ani awlicable pc=.it, ~ • t.ha t all cxnilt.icns and re.rtric:t.icna of the pernJ t are c::a:pl.i..d vi th. 5 (el The foreign party· and the o.ner ar q:>t711tor CJ! arry t i.ahin] 6 vessel t.iJilU= ru:riruant to 11\.lCh ~ will ab1dr by all otl"'1" t.e:IlJlll arrl B (3) The total ~e level o! foreign ti.shin;, U any, with 9 respoct to arry fi.s..">e:ry subject to the pn::wiJ!icns o! t.'lia >.ct, a.'>all be that 10 p:irticn of the opt.iitun yield of such f.iahery V.-.ich vil1 rot be h.axvest.ed by 11 ve.sse.l.a of Palau Di.strict. 12 ( •) >.! ter review1n} Ia:uweidatione by the Pahu .Mari time J.uUxri t:j, 13 the Pa!= LegiBU..ture by leg1.s1"tir:ra shall detumine the al.locat..icrl mrrq 14 fare.i.gn r.at:.i.cns of the total al.l.""'11bl e level. of foreign f i.s."i.ir&; ...nkh ill 15 pc=itted vi.th respect. to arry fishery subject to tl>b provll.i.cr.a of this Jct. 16 In ~tc=inin; the allocatlcn maig nat.ians, the Palau Legislature s.">All take 17 into ccnsiderati.c:n I 22 irrlentitication of fishery re.so..iroes; 23 (c) Such other matters aJI it wry deec: ~. 24 Sect.iDn 13. lnterm tier.al f i.she..-v ""'' ee e:11t:a. A.-. inte:nat1cr.al fishery 25 agreene:nt. is an int.e:r=tlcnal ~ pt"imarily a!!ectirx] living r..s::iarc..s 9 of 18 7 s n 1£ 22 25 I 1! I' 11 I I 354 355 (Bill N0.91!:2) .PWllc r- ~- 6-7-Pf l (d) 'Iha arr:un t o! f i.sh or tc:nnllge o! ca tdi cxn t.ec:pa U!d != 2 ~ 5'lCb vessel ~ the time inx:t. pc.=i t u in fa:roe; er<! 5 ( 4) IJpcrl reoe.ipt. o! an llrt)l.ica ti ai , the Direct= ahall t:ransc:i t 8 (5) ~ k..t '>ori ty s."-tll review the npp l.i ca t.icn , llO l.icl t vi.e'w'1I ~ 9 llfProprl.a t.e pcrscr.!! in P tlm.J Di..et...-i.ct, hold plio:.J. c hAaring1I ....t-.cre l">eC<l6&U)' 10 a.'"Jd cay ~ the a;ipllcatloo a: ,..x:n t.enrcs ~ c:cn:ti t.icr..s and v'-th 5lX:!l 11 restricticns a.s the krt..'ic.rl ty e..eerr.. ~ta. U (6) U the 1'.uth:rlty We-5 r.ot ~ eie "tt'llcaticr. s;.b::it"::ed by 1.3 the fore:; in party, the Olai= 5..'1.tll notify such f=egin part:y of the l5 reas= far ~, the fcrei<;n party mzrt sulD.i t a revised ~l.i=tiai. 16 (7 l Fee.a and at. '>er f c::x= of coq::ensa t:ic:ri for t.'>e right to e:xploi t 17 ll vi.""] re.so..;.rces wi tr.in the te....-ri tori.al sea ar fi.s.".e.ry zcnc:s o! Pal= Di.rt::ict 18 sl"..o.11 be estllblis....00 in the ~""lt.. 19 (8) L'p:rl notliicaticn by the !arei<;n pa..--t)• c! ~ of the 20 t.en:-s , o::ndi tier ..s , and res tricticr .s ai the awllca tiai and pe::ru. t, t. '"le 21 Oia.l=.e:n Bhall is=e t.'".e pe=-..i t. 22 (9) li lJir'f fore.igi fishing vessel far "hlc:h a pe=.!t ha.s OOer. ll c! 18 27 ( !ll 11 1-:'.J. 93:') Public Vt.I It>. b - 7 .. /, 356 l 6 9 lJ l4 Cl) It. i!: =!L-.6.:.l. fc:: a..oy pc...-=~.: l5 17 lC 20 21 12 cf 18 21! (Bill ll0.9~) 6 'A. Publlc ~ No. - 7--l'r 3 (el ':'o fa.-clbly =tlt., reilat., ~. 1.irpo::'r, int.imi 4 at.e, or ir.t=fen. vit."l a:ry ll1Udl 1to.Jt."£>ri:Z.OO o!f.!ors:: in the ~cl a:ry S search or i.nspec•..i.ai de&c::"'...bcd L"'l Pan.;ra;Xi (~); 6 (!) To resist. a l..mJful a..~ !or tir.J ect. ~it..:! by 7 t."ll• Secti.cni 8 (<; J To Jcno.r ..,., l y ahi p, tr m-.s;:ort , o! fer !or a.tl.e , a.ell , 10 w..cn or re~ in viol..at.i.crl o! ti'.il 1ct. c:: ll1T'f rcgc:alt.i.crl, pe..:::::it., or ll agreerrent. ref erred to in Pll..~ (a) e:X (c) o! ti'~ Secticr:; er 12 Chl To ir.t.erfore wi t.'°l, delAy, er ~.t., by cry moans, 13 tr..e apprche:ui.cn er a..n:=t. of m'>Other pen;cn, iax,.,;..-q that. sud> penic:n l:.aa 14 ocm:d t.ted ~ =t. prchlbi tad by this ~. 15 l C OJned sol.e.l y by ci t.i.zen5 o! Palau to fft"t;"'Jfl in fi..i;l-.i.ng in tr.a tmrl t:Dri.al Jile6 17 of. Pal=. 18 Secticn 16. Crlmir .31 penal tles. l9 (1) A per5en i.a guilty of &::\ o!fense if he =!.bl &'Tf ~ 2 0 pro.'U.bi t..c.rl by Sect.!.m 15 o! t.'l.!J A..-t. 21 ( 2) }.. "Tj o! ! e:uie OOscrlbed a.6 .. prchlhl t.cd act by 5ect.i.crl 15 (1) :u I c .. i. (b). cci. or (g). !..s p.m!.shed by .. fine o! net.= tr.an sso.000.00. 23 ( 3) k"Tf off e:-..ee de!ic:r' ..be<! as a p.."""d" .i.bi tad act by Sec""...i.c.n 15 (l) 24 (dJ, (e), (fl, or Ch}, ia punis..'"Wil.e by a tine of nct. =-e t.'"ian $100,000.00 25 or i.i:p:i.scn:nent fur l'X1t = tl-.an t»O yea.. .... , er ~ 1 e:xoept tha ; i.! in t:ba lJ c4 18 29 357 (8111 liJ.OV) / Pu!;ilk w.~ l'c. 0 - 7-11 4 ir.jc..."'")', C°.D offen:;e i!! p.....J.:;)-.tl.k O,· A !i:-.::: of r~t rrore tll."!n S2SG,OOO.OO, = 9 10 16 1'.":Ce.r t.~ Se.·ctioo. 17 1£ 20 21 22 24 25 I i II II 11 Hof 16 358 359 (8111 N0.'182) Public LiN tb. 6-7-11 2 use in a=rtlanc:& with 6ect.i.c:n lB o! ~ 1.ct, or JNrf be rouincd for ~ by, 3 or at the directia1 o!, the Cbve:r:ncnt of Pal=. ' B to t.'""' fair :r.a....-1<.et value o! the sei:za:! pn:l)>e.rty. Sue. l:x:n:! or ot.'>c.: Mlc:Urlty 9 sl" ..tlJ. be o:r.di tic:-.e:! u;x:n Ir.id'! pc...'"!!01 <loo l! ve...--in:; nr:r. property to the 10 awrq:ir D.te o:x.irt up::n crde: thereof , wit. '-oJt. any 1.r¢z:=-""' t of i u value , or 11 payin:] t....., rr=t.a.Iy value of 8UCh property p..ira=.-:t to an crder of su::h cn.trt.. 12 .Juega:ent shall be recovera!ile c.n sud! b:rd or ot!-.er o.ec.::r i ty eg ai.. "".B t lx>th 13 the prlr.cipal a..">d any su..""eties in the ~t that z:ny cnti tic.n the........a! iii 15 17 be depo>Gitcd v.it..'1 .6UCh court pc:::l<iiNJ the ~!.ticn o! tl-.e civil forfeiture lB procecCirx;. 19 (7) For ~ of this kt, it s.'\tll be n0.rt:t.Wle pn=r.pti= 20 u-... t all f is..'1 f =nd c.n l::oa..--d a fis."in:J ~ ....tu.en is i;e.:.:te:! in ccr.ne::ticn 21 with = act p..--o.'llbited by Sect.icn 15 o! thi1I kt were bk.en or reu.!ned in 22 v'...olaticn o! tr.is :.ct. 23 24 kltharity p.lr"S\.lant to Secti= H (7) and all fine.Ji mid prooeec!s o! a.a.le of all 25 farfeitllres shall be tra.-=itted il:Iroe.iabl.ly \\=) cxillecti.al to the Liatrict 15 o! 18 :n l 2 3 4 ~ 6 7 6 9 10 11 12 l3 H l5 16 l7 10 19 :;.o 21 ~ * ~3 24 25 1: I I I I I I I I ' i ! I I I I I to er.foroo t.'">e p::=!.Aicr-.s cf thiJJ J'.=t, !!\.."']"• 16 o! ie (E!ll so.<n.:J 6 .,,, I'Wl.ic Law li:J. - 7-11 360 (Bill N0.962) PIJblli: I.at "tel. t -7--14 361 2 to m..rt!lcrlty ~bid by ~ (llI) of. t!lU ~' arr3 3 (v) £8ize l1rY'J otl"lt!r rvi6anoa rn1atrd to acy vial..rti.cn of ' a:ry prrN'....aicn of thU kt.. 5 Cb) E:la>oJte MTj warnr.t = ot!lf1C pr=-a ~ by acy 6 mJrt of. cx:q.c tent jux:iJll!icticn 1 n:1d 7 (c) J:xcrc:Ue =t other l,.a."ful =t:!x:rl ty. a CJ! >cy i.oi!iviru.41 W>O ~ in!.o:nst.ial to the OiJrt:::::i.tt lD o!. =t p=al ty \%iCler Secticn 16 o!. thlJ kt ~.ail be paid llity percent (50\) ll ot =:t 5'.JC:l fU'dl ty b:poaed ~ c:nlhct.e!. 12 ( 4) P= purposes of thl.a kt the b?I:::a ~ of t:h.ll >.ct. D mrl "viDliltic:n a!. =:t provia.ic:Ds o! ~ kt" i.ocJJ..rlea the ~...s.!.als a! =1 14 regula!:ioo or pe=i t L=X>.1 purr;=nt to this Jct.. 15 Secticn 21. ~ lfi (l) °!!>e.L1! ia he=b.1 ~...at:Ed fr= the Ger=]. l' 1 of the 17 PaU!u l.egUilati.:re IC! i.nitl.al SID of $25,000.00 to dc.f:=y t!:>e ~ 1.8 =id cp=z.ti=l ~ c! t:he krt:har! ty. 20 or ~ t:!=s ~. or the ~ti.al the::Z!C! to =:t pa1JCQ, b!ng or 21 ci...-c.DSt=ces 1.s htld !nvo.lld, ~ J.nvliiety OOcs not a...~ 1!)e p:uriJdcna 22 c::: ~llcati= c! tti.D >ct.= t!lB ~u er ..a!it.irns t!:.at =be ¢veo 17 d ll JJ (Bl11 N0.9r;;>\ t ,.., /# hililic L.-.:.1 :!.:.. -1-,.., l ~Al by tha lli¢\ Q:nmiuiooc.:, or u;..<:11 1 ts beo:rtinJ laJ vi thou'. sucl1 2 arpruv.il. l 5 6 7 10 I Pl~: 0:::--...:ix::: 22, 197D I,~ t.".iB I I Ii I i I I I I I I I I I I i i l! r..::.:-. '" ... ~~. -....i..:.":. r..!. ¢1 C-"""T .i.=:: :.c:-c= 19ie. :-.--..:.:i~ "i1:...7i t=y c! t:!".2 Pz.cl!ic hlz::-.:13 362