Act to amend the Act creating the Forestry Development Authority

~ f' ·.h Act To Amend Afl Act Cteeting Th. Forestry ; <evelopment A~t~l(j)r1ty By ~.'4:1Pealing Section. ,16 : hereof ,And Adding Thereto Eight New i Sections ;,:>~, It il; eDao'od by the Senate a.nd B~ul8 of Repr,..nh,tives of . R . N ~o cpnb io of LibBri " ~,iLjcgi8IiMllr~rl!eUlbJed:" , '. Seotidn L Section 1~'I of;\ n Aqt CreRttilll The Fore;try I o'V~}apmf" A.ntboriloY iii i hereijy repe~'ed. '-'j,' , ~ . 'Section s. 'Yhn,t. f,roJn r1ud i~rrl~di~t;ly af••r.,wap.~~eof [this :~~~ an AQt entirlcd; ', ,i\ct, tJp~lijtlDg The FQ~~rb.eve)opment ,"hority" is hereby amr-nded bJi adding '.ther$to Eiiti~ new Sections . be ,Seot~ons 16 (hrourh :23 tOi r$ad lL~ follows: . , I ' :(;,;Section 16. Form apd;Conteht of ,~orei5 Prndlllotl Utilization A 're.m9n5~ III all tlegO~I3.~lOnS ~(>nee,'n~8 Wt&"!~flg of .. For ,', zoducts Utiliz3.tion:AareelD~ntbetwten t~!'¢"G ment of ".be ,lieuf [liberia andla Ir08P8~tive ~ot8~t ~~jS< ,.!)l'ernment " aria shall be represent d by Itbe MUPf"P..Of the Fpr. :"'Deve}opmilnt Authori y a.n(~ rho .l\' L.:,,' Upon the &i~,:h~fU~~~~~\~~Otf:e~~~ij o~fff.~l;~~~et~r; '~e.v~(',·,::~.fA~:::ri~; ll,for and sign on ~etbflolf C't tile Gov rnllJento~ '. . &; QUelled ~.:1 '.he Minister of .Jushc~.aod fthe pro pecti'ge f~' 1 »user by an tj,utborized repreSt:~ntatiYlc.NotwhhE'tIH~d~ng lhe ataQv,. the Forest lOiluc'.Utiliza~ion A~.t~eeJ.ne~1rha d be.ivaJiCl ~~y.'f:! ~ .the appro ,.&.1:.of t~e President of;, L~berItlo: ~D.d sP~Uq~:taWfM'lOn by the :t/egtslature of the Republ1c of LlbeJia. Seo'ion 17. P9rf' mbnce Bond' B"'II'f$'••lfb enditure: A ForeBt~ Conc(!lisionair~ s all 09 required tOe, .f. .,}h the 'ore I8try Development Alltlllorf.Y a :Perfor~.'anoe .8..nd.. · .0.r.. '& Manager'R Check ~f US $150, OO~ i f~vpu.r of 1~e G~vern~t of Liberia. warm.ntlDg .'hat ihe a,pn esslO.pa.l!e; B.,hi>l1 1~lt~fIE.,.",.,a.U.d. promptly .eommence survey ..nd O~het op'fa~10n8 tnd ~rfp " .. or .11 tho ,terms a.nd conditions of he P~rdst p;rPduof"V , . J) Agreement wilbiD t Olo ..•. •• ~~t:.;~-=.?~--;.";0.~~ and lOstali9.t.lOn of a. processmg pIa.I\" AQY eoncesslOrij,lrG~ho~pn the coming into force of. this Act h.B already complied with she old regulation on performance bond sball not be retroactively ;:t.!f.ec,be.o,,}»):. the prn\j%to-j, n! lThi.s~et.iOB. ,A Sa.lvage Permit; Holder shall be required to deposit with the Forestry Development Autho rity t\ i)erform:Hil'(~ Bond or ~rl)peny Valuation of US $ 50.000 or M:.ma.ger's Cheek of US ~50,OOO in favour' of the Government of Liberia, ""oCt shn.1 i be required to invest no' less than US $200.000 within 'wei years of operation :3ecUou 18. Protect,ion of LiI)enan Salvage 'Permit Holders: No law, ex€c;iive-order ~- r;gnlatlOl'lSlralt be ~«o-<tepnving Liberian citizens the right to apply snd be granted forest salvage permits- -f-f'Offt' .~l&--F.f).l-as~:...De.vel op illen t ..ft...u.iliuri'l U. .1!J91l Cl!..~~~ry of forests iii availab-le-for leasing. Section 19:- La.nli.Rental Fee: The conoessionaira thallt: in ·d '.·-. -.- r .'. - .- .... respect of the Concession granted under o "tjle···Forest 'W oaiicT : Uffii. zlttion Agroement,pay to the Government of Libe~ ill athance ail annual sullf~..e la.ncl rental fee of US 0.50 cents ~ "Pre or pro rata for part 'hereof for ail lq.pd held by the concessi " "/ ' In the cue of tb9 fol'88.t 861.. !ale.. ,. .... pe.. tIDi.·.~~ IboO.laers, ~hc ann .'.. ', n'al per sore of tbe' -Bxpl~",on ·Area~· -paidshall • ts per acre of pro rtJla lor pa'it tberenf for all land heta . '. '. ',mil holders, aond said ameunt .shall be paid in advance to'the Govern ment. Seation 20. Import Duties- The concessionaire shall be granted duty free privilege for the importation into Liberia during 'be tint 'wo years upon coming into force of the Forest Products Utilization Agreement signed between the concessionaire and the Government of Liberia, any equipment. machinery or simiiiar items of a capital nature having a useful life of five yean 'or more for U59 in the harvesting. processing, transportation and marketing of . timber products; provided, however, th8>tr -all--fllloh -items tGbeex-em.ptcd from druies shall be exempted only if items reasonably comparable in pries and quality are not obtainable ill Liberia; it being under stood that Porest Sl!Llvage Permit Holders shall also be granted dut} ..'~". . .. ... ..pr;!;~~~;; .~-'.' "~' .•. '.. ~". .·~;;rt .··of e~Nnp:l HI from t.he pr.ylDentof Impor~ Dnties (2) swo ye:lorl, eb'ill ll"t be extended 'nor ral\ewed ahe~theexpira\ion tJf I he said (2) Lwo ) l·;;' S nariod ....r·tJthn~l.P~\"'me[i.t 1it:l;'l)t·l;su~)i. Fees ill n. s.. j'nrr{,l~(~\:........ ... :::...& -.~ ... ,., ..-...- ~ ... ,"",~6'."" j .. , 'n,'C':iSion:life n.lld I.he l;)re:.;~ ~:t \ i~W~ pl~rillit t!'}l.:"r.~ sL.t!' ruy .1 ,l,,,,ir rf'~'n"~~)\,\.v'J rnr~st he; in U. S. Curreuov Ultf r H!Sr'::WlfLt bv ';,:' 11~IIWI';t.q; Developuiern .'\.!'th(JJ·i(~· (f'n.\J. " . ·~(~(;L.I)~1 -2-]. \Vno} [' [uC.;j; ln.::: The concossiotru ro ~;b v.: cum i; Y vith tf1el'C(pLrel~nts 0f '. e:e-~~,~:t!.Y.. l~e,,·dflpln(~,.:tA dhllllty ~·~gr\.r,h·f~~ ;!I-'i-FBr~L:igeor !o·,:;tt-proillicticYnto -5e s'~\\\'n cr (I'h(:r~hie l:triteer,,,ed---itr-'-llbef'{'t-ttftdt-h-rl~1'hcl'J:-ptrrt"'Uf' tn-gs·:m+·pTO~5ed-·'\""'Cnt· ~h:111 b.' i'l ~t·Y)r(l:-tnte with Pl!' Forestry J)ll\,e)QpIlI5I1L j'dl'llO,ity i~e,:.!\!l~~',i!Li!:j }.I o ~~\:.e!, t.i!~..Q;:·':-':~Dhll~Q tlLlJJ l' ('esfl~ g .W9Q9- !lJ. .,.·H~I:!~ ,:fWJl h~ a mnx imum of 5%(tiVl'j~(:~ell~1 ~Jf export Jot,!' during l:.b~) ,..nd H,lH3. :~('~innillg 19:J0 the percentage of processed wood fur export :')hall be ~ minimum .of .5f., ([IYil percent) nnda rIJ~XlID!UD ofl Ou/o o.f~!ffil'tcJ6.ga.- #~~~--t'tfld(,·r:rt.ood t~"1tH·'¥orest··· ti~~~e J)trmu Holders sha.ll process at leas. 5% (five percent), of their total Jog production for either local or export marketl. 2H. .8m )o~'lbeDt of Profofiiocal (AbE-rinD P'orf'ster~:. j~, "!!lg i LV~J!c! .P.J:8st l)Jili~tltiml ~Rr:eftn~Dtsha.H • emplOY a mix imum Gffour(4:) trail)ed Liberian For r~~t,erB VI a. ~a.lvago Permit Holder shall employ at lear.' one (1) rained Liberio.n Forest'~r.. :,",edion 3. This Act shaJ1~~ 3.t{e-'cf!cCl irnlil~dintcl'y upon pub ·c3.!i~.n in hand·bills. Any inw tn (he contrary notwithstanding Approved: ,July 21. HIS8 Published by Autbority Govcrnmrnt£rin1ing Ollice Mini:otry cf Foreign Arf&irs Monrovia.. LiBeria 4u,utt s, 1918