OfficialJournaloftheEuropeanCommunities 239
3642/64 OFFICIALJOURNALOFTHEEUROPEANCOMMUNITIES 24.12.64
COUNCILDECISION
of12December1964
ontheestablishment ofthe'Kernkraftwerk LingenGmbH'JointUndertaking
(64/64/Euratom)
THECOUNCIL OFTHEEUROPEAN ATOMIC
ENERGYCOMMUNITY ,
HavingregardtotheTreatyestablishingtheEuro­
peanAtomicEnergyCommunity,andinparticular
Articles1and49thereof;
HavingregardtotheOpinionoftheCommission ;
HavingregardtotheproposalfromtheCommission ;
HavingregardtotheReportoftheCommission ;necessaryforthespeedyestablishmentandgrowthof
nuclearindustries;
Whereas,notwithstanding theeconomicrisksat
presentinherentinsuchanundertaking ,itisimportant
thatthereshouldbeestablishedfromnowonwards
largenuclearpowerstationsincorporating allthe
progressachievedhitherto;
WhereastheprojectputforwardbyKernkraftwerk
LingenGmbHistherefore,atthepresentstageofthe
applicationofnucleartechniquestoproductionof
energy,offundamentalimportancetothedevelop­
mentofthenuclearindustryintheCommunity ;
HASADOPTED THISDECISION :
Article1WhereastheobjectsofKernkraftwerk LingenGmbH
aretoconstruct,equipandoperateannuclearpower
stationwithacapacityoftheorderof250MWeat
Darme,KreisLingen,LandLowerSaxony,Federal
RepublicofGermany;
WhereasKernkraftwerk LingenGmbHhasforthis
purposeappliedforestablishmentforaperiodof
twenty-fiveyearsasaJointUndertaking ;
WhereastheStatutesofKernkraftwerk Lingen
GmbHarecompatiblewiththeprovisionsofthe
TreatywhichrelatetoJointUndertakings ,and
whereasArticle16inparticularofthoseStatutespro­
videsthatifKernkraftwerk LingenGmbHisestab­
lishedasaJointUndertakingitwillbegovernedby
theprovisionsoftheTreaty,byactsadoptedinim­
plementationthereofandinparticularbythisDe­
cision;
WhereasitisthetaskoftheCommunitytocontrib­
utetotheraisingofthestandardoflivinginthe
MemberStatesandtothedevelopment ofrelations
withtheothercountriesbycreatingtheconditionsKernkraftwerk LingenGmbHisherebyestablishedas
aJointUndertakingwithinthemeaningoftheTreaty
foraperiodoftwenty-fiveyearsfromthedateof
entryintoforceofthisDecision.
TheobjectsofKernkraftwerk LingenGmbHshallbe
toconstruct,equipandoperateanuclearpower
stationwithfossilfuelsuperheatandacapacityofthe
orderof250MWeatLingen,LandLowerSaxony,
FederalRepublicofGermany.
Article2
TheStatutesofKernkraftwerk LingenGmbHan­
nexedtothisDecisionareherebyapproved.

240 OfficialJournaloftheEuropeanCommunities
Article3 Article4
ThisDecisionshallenterintoforceon20November
1964.
DoneatBrussels,12December1964.IftheadvantagesconferredonKemkraftwerk Lingen
GmbHbyspecialDecisionoftheCouncilpursuant
toAnnexIIItotheTreatyarecompletelywithdrawn
beforetheexpiryoftheperiodreferredtoinArticle
1,theCouncilshallatthesametimewithdrawthe
statusofJointUndertakingfromKemkraftwerk Lin­
genGmbH.FortheCouncil .
ThePresident
KurtSCHMUCKER
STATUTES
.Article1
Thenameofthecompanyis:
'Kernkraftwerk LingenGesellschaftmitbeschränkterHaftung'
anditsseatisatLingen.
Thiscompanyisestablishedforanunlimitedperiod.
Article2
Theobjectsoftheundertakingaretoinstallandoperateanuclearpowerstationwithaca­
pacityof250MWeatDarme,KreisLingen.
Thecompanyisempoweredtosetup,acquire,operateanddisposeofinstallationsandunder­
takingsofanykindneededforthecarryingoutandfurtheranceoftheseobjects,andto.
participateinotherundertakings .
Article3
Thecompanyfinancialyearisthecalendaryear.
Article4
ThecapitalofthecompanyisDM2240000(twomilliontwohundredandfortythousand
Germanmarks),dividedintotwosubscriptions ofDM50000,twosubscriptions of
DM5000,twosubscriptionsofDM715000,fourpreferentialsubscriptions ofDM12500and
fourpreferentialsubscriptionsofDM162500.
Article4a
Preferencesharesshallnotcarrytherighttovote.Theyshallcarrytherighttopriorpayment
outofthenetannualprofitof6-5%oftheirnominalvalue.Thebalanceshallthenbedivided
betweentheothersharesupto6-5%oftheirnominalvalue.Ifthenetprofitisgreater,the
differenceshallbedividedequallybetweenallthesharesinproportiontotheirnominalvalue.
Ifthenetprofitisinsufficienttopay6-5%onthepreferenceshares,thebalanceshallbepaid
asnon-interest-bearing arrearsoutofthenetprofitforsubsequentfinancialyears,priorto
thedistributionoftheprofitsreferredtoinparagraph1.Ifthecompanyiswoundup,the
proceedsremainingafterpaymentofallcreditorsofthecompanyshallbedividedfirstbetween
thepreferencesharesuptotheirnominalvalue.Thesumremainingthereaftershallbedivided
equallybetweentheothersharesinproportiontotheirnominalvalue.

OfficialJournaloftheEuropeanCommunities 241
Article5
Disposalofanyshareorfractionofashareshallbesubjecttotheassentofallmembers
havingtherighttovote.
Article6
Thecompanyshallhavetwoadministrative organs:
(a)themanagers;
(b)thegeneralmeetingofthemembers.
Article7
Thecompanyshallhavetwomanagers,whoshalljointlyrepresentthecompany.Wherepersons
aregivenpowerofattorney,thecompanymayalsobevalidlyrepresentedbyamanagerand
anysuchpersonactingjointly.
Article8
Managersshallbeappointedanddismissedbythegeneralmeetingofthemembers.
Thegrantandrevocationofpowersofattorneyshallbeeffectedbythemanagers,withthe
approvalofthegeneralmeeting.
Appointments ofmanagersshallbeforaperiodnotexceedingfiveyearsandshallbere­
newable.
Article9
Themanagers,andemployeeswithpowerofattorney,shallconductthebusinessofthecom­
panyandshallrepresentthecompanywithinthelimitsofandinaccordancewiththeinstruc­
tionslaiddownintheStatutes,theresolutionsofthegeneralmeeting,ortheindividualcontracts
ofservice.
Article10
Withinsixmonthsfromtheendofeachfinancialyear,themanagementshallsubmittothe
generalmeetingforapprovalthereportforthatfinancialyear,thebalancesheetandtheprofit
andlossaccounts.
Article11
Generalmeetingsofthemembersshallbeconvenedbythemanagementfifteendaysbefore
thedatefixedforthemeetingbynoticeinwritingwhichshallstatetheagendaofthemeeting.
Uponrequisitionbyoneofthemembers,themanagementshallforthwithconveneageneral
meeting.
Membersmajwaivetheformalitiesandperiodofnoticelaiddowninthefirstparagraph.
Thechairatthemeetingshallbetakeneachyearinrotationbyarepresentative ofoneofthe
membershavingtherighttovote.
Article12-
EachDM2500fractionofashareshallcarrytherighttoonevote.Preferencesharesshall
notcarrysucharight,butmaydosoincasescoveredbyArticle11-7ofthelawrelatingto
shares.

242 OfficialJournaloftheEuropeanCommunities
Article13
Managersshallobtaintheapprovalofthegeneralmeetingofmembers,inparticular :
1.toacquireordisposeofimmoveablepropertyortocreatechargesonsuchproperty;
2.toacquireparticipations ;
3.toappointrepresentatives andconferpowers;
4.toconcludeoramendacontractforthesupplyofelectricity;
5.tocontractloansexceedingDM1000000(onemillionGermanmarks);
6.tocontractloansabroad;
7.toacceptliabilityonbillsofexchange.
Article14
Thegeneralmeetingofmembersshallresolveuponallmattersreservedtoitbylaworby
theseStatutes,inparticularthoseconcerning :
1.increaseorreductionofcapital;
2.amendmentstotheStatutes;
3.approvalofthebalancesheet,distributionofprofitsandcoveringofanylosses;
4.dissolutionofthecompany.
Article15
AlllegalnoticesofthecompanyshallbepublishedintheBundesanzeiger .
Article16
IfthecompanyisestablishedasaJointUndertakingwithinthemeaningoftheTreatyestablishing
theEuropeanAtomicEnergyCommunity,itshallbesubject,forthewholeoftheperiodofits
activityassuch,totheprovisionsoftheEuratomTreatywhichrelatetoJointUndertakings
andalsototheDecisionsoftheCouncilofMinistersoftheEuropeanAtomicEnergyCom­
munityestablishingitasaJointUndertakingandconferringonitanyoftheadvantageslisted
inAnnexIIItotheTreaty.
Inparticular :
(a)amendmentstotheseStatutesshallnotenterintoforceuntiltheyhavebeenapproved ,bythe
CouncilofMinisters,pursuanttoArticle50oftheTreaty;
(b)inaccordancewithArticle173(3)oftheEuratomTreaty,thecompany'sprofitandloss
accountsandbalancesheetsrelatingtotheprecedingfinancialyearshall,withinonemonth
aftertheirapprovalbythegeneralmeeting,besentbythemanagementtotheCommission
ofEuratom,whichshallplacethembeforetheCouncilofMinistersandtheEuropeanParlia­
ment.Theestimatesofrevenueandexpenditureshallbesubmittedinaccordancewiththe
sameprocedurevonemonthatthelatestbeforethebeginningofeachfinancialyear.
Subjecttotheforegoingprovisions,thecompanyshallcontinuetobegovernedbyGermanlaw,
andinparticularbytheLawof20April1892relatingtocompanieswithlimitedliability.