OfficialJournaloftheEuropeanCommunities 169
9.8.66 OFFICIALJOURNALOFTHEEUROPEANCOMMUNITIES .2681/66
COUNCILDECISION
of28July1966
ontheestablishment ofthe'Kernkraftwerk ObrigheimGmbH'JointUndertaking
(66/30/Euratom)-
Whereas,notwithstanding theeconomicrisksatpre­
sentinherentinsuchanundertaking,itisimportant
thatthereshouldbeestablishedfromnowonwards
largenuclearpowerstationsincorporating allthe
progressachievedhitherto;
WhereastheprojectputforwardbyKernkraftwerk
ObrigheimGmbHistherefore,atthepresentstageof
theapplicationofnucleartechniquestoproduction
ofenergy,ofprimeimportancetothedevelopmentof
thenuclearindustryintheCommunity ;
HASADOPTEDTHISDECISION :
Article1THECOUNCIL OFTHEEUROPEAN ATOMIC
ENERGYCOMMUNITY ,
HavingregardtotheTreatyestablishingtheEuro­
peanAtomicEnergyCommunity ,andinparticular
Articles1and49thereof;
HavingregardtotheOpinionoftheCommission ;
HavingregardtotheproposalfromtheCommission ;
HavingregardtothereportfromtheCommission ;
WhereastheobjectsofKernkraftwerk Obrigheim
GmbHaretoconstruct,equipandoperateanuclear
powerstationwithacapacityoftheorderof280
MWeatObrigheim/Neckar,LandkreisMosbach,Re­
gierungsbezirk Nordbaden,LandofBaden-
Württemberg ,FederalRepublicofGermany;
WhereasKernkraftwerk ObrigheimGmbHhasfor
thispurposeappliedforestablishment asaJoint
Undertaking ;
WhereastheStatutesofKernkraftwerk Obrigheim
GmbHarecompatiblewiththeprovisionsofthe
TreatywhichrelatetoJointUndertakings ,and
whereasArticle16inparticularofthoseStatutespro­
videsthat,ifKernkraftwerk ObrigheimGmbHises­
tablishedasaJointUndertaking ,itwillbegoverned
bytheprovisionsoftheTreaty,byactsadoptedin
implementation thereofandinparticularbythis
Decision;
WhereasitisthetaskoftheCommunitytocon­
tributetotheraisingofthestandardoflivinginthe
MemberStatesandtothedevelopmentofrelations
withtheothercountriesbycreatingtheconditions
necessaryforthespeedyestablishmentandgrowthof
nuclearindustries;Kernkraftwerk ObrigheimGmbHisherebyestablished
asaJointUndertakingwithinthemeaningofthe
Treatyforaperiodoftwenty-fiveyearsfromthedate
ofentryintoforceofthisDecision.
TheobjectsofKernkraftwerk ObrigheimGmbH
shallbetoconstruct,equipandoperateanuclear
powerstationwithacapacityoftheorderof280
MWeatObrigheim/Neckar,LandofBaden-
Württemberg ,FederalRepublicofGermany.
Article2
TheStatutesofKernkraftwerk ObrigheimGmbHan­
nexedtothisDecisionareapproved.Thedissolution
providedforinArticle14oftheseStatutes,andthe
transferofanyshareofthecapitaloranyfractionof
asharetoanon-membershall,however,beeffected
onlyafterapprovalbytheCouncil,actingonapro­
posalfromtheCommission,inaccordancewith
Article47oftheTreaty.Thisapprovalclauseshall
beincorporatedintheStatutesoftheJointUnder­
taking.

170 OfficialJournaloftheEuropeanCommunities
Article3 Article4
ThisDecisionshallbepublishedintheOfficial
JournaloftheEuropeanCommunities .Itshallenter
intoforceonthedateofitspublication .IftheadvantagesconferreduponKernkraftwerk
ObrigheimGmbHbyspecialDecisionoftheCouncil,
pursuanttoArticle48oftheTreaty,arecompletely
withdrawnbeforetheexpiryoftheperiodreferredto
inArticle1,theCouncilshallatthesametimewith­
drawthestatusofJointUndertakingfromKernkraft­
werkObrigheimGmbHbyaDecisionwhichshall
bepublished.DoneatBrussels,28July1966.
FortheCouncil
ThePresident
S.A.POSTHUMUS
ANNEX
STATUTES
ofKernkraftwerk ObrigheimGmbH('KWO')
(n)Elektrizitätswerk Vaihingen/EnzA.Hessenthaler&Co.,
Vaihingen/Enz;Article1
Nameandseat establishedacompanywithlimitedliability,thenameof
whichwas:
Thefollowingelectricitysupplyundertakings :Kernkraftwerk Baden-Württemberg
Planungsgesellschaft mitbeschränkterHaftung(a)Energie-Versorgung SchwabenAktiengesellschaft ,Stutt­
gart;
(b)BadenwerkAktiengesellschaft ,Karlsruhe;
(c)TechnischeWerkederStadt*StuttgartAktiengesell­
schaft,Stuttgart;
(d)NeckarwerkeElektrizitätsversorgungs-Aktiengesell ­
schaft,Esslingen/Neckar;Theobjectsofthecompanyweretocommissiondesign
studiesforanuclearpowerstation,toprocessandevaluate
suchstudiesandtolocateandacquireasuitablesiteforsuch
apowerstation.
Thecompanyshallcontinueitsactivitiesunderthenameof:
(e)StadtKarlsruhe,Stadtwerke,Karlsruhe;Kernkraftwerk Obrigheim
GesellschaftmitbeschränkterHaftung
TheseatofthecompanyisatObrigheimamNeckar.
Article2
Objectsofthecompany(f)Kraftübertragungswerke Rheinfelden ,Rheinfelden/
Baden;
(g)StadtUlm/Donau,Stadtwerke,Ulm/Donau;
(h)Württembergisches Portland-Cement-Werk zuLauffen
amNeckar,Heilbronn/Neckar;
(i)StadtHeidenheim/Brenz,Stadtwerke,Heidenheim/
Brenz;
(k)AlbElektrizitätswerk Geislingen/Steige,eingetragene
Genossenschaft mitbeschränkterHaftpflicht,Geislin­
gen/Steige;Theobjectsofthecompanyaretoconstructandoperatea
nuclearpowerstationatObrigheim,toperformtheactivi­
tiesentailedtherebyandtosupplythememberswithelec­
tricitygeneratedbythepowerstation.
(1)C.KlinglersErbenElektrizitätswerk Nagold,Nagold;Article3
(m)Elektrizitätswerk Braunsbach,eingetrageneGenossen­
schaftmitunbeschränkter Haftpflicht,Obersteinach ,Capitalandsubscriptions
ThecapitalofthecompanyisDM25000000(twenty-five
millionGermanmarks). ,KreisSchwåbisch-Hall ;

OfficialJournaloftheEuropeanCommunities 171
Thesubscriptions shallbeasfollows:
MembersShareofcapital
subscribedon
formationof
companyShareofcapital
subscribedon
increaseof
capitalon
24.2.65Total
DM
(a)Energie-Versorgung SchwabenAG.42000083300008750000
(b)BadenwerkAG 4200006580000 ■7000000
(c)Techn.WerkederStadtStuttgartAG 21000032000003500000
(d)NeckarwerkeElektrizitätsversorgungs-AG 150000.23500002500000
(e)StadtKarlsruhe,Stadtwerke 7500011750001250000
(f)Kraftübertragungswerke Rheinfelden 150000600000750000
(g)StadtUlm/Donau,Stadtwerke 33000517000550000
(h)Württ.Portland-Cement-Werk 25000400000425000
(i)StadtHeidenheim/Brenz,Stadtwerke 600094000100000
(k)AlbElektrizitätswerk Geislingen/SteigeGmbH 600069000 75000
(1)C.KlinglersErbenElektrizitätswerk Nagold 30004700050000
(m)Elektrizitätswerk BraunsbacheGmbH 10002400025000
(n)Elektrizitätswerk Vaihingen/Enz·
A.Hessenthaler &Co. 10002400025000
15000002350000025000000
Article4 Article5
TransferofsharesofthecapitalSupplyofelectricityandcoveringofcosts
1.Thecompanyundertakestomakeavailabletothe
members,inproportiontothesharesofthecapitalheldby
them,theelectricitycapacityandoutputthatitiscapableof
producing .
Themembersundertaketopurchasesuchelectricity.
2.AslongastheBundesvertrag remainsinforce,mem­
bersshallpayfortheirshareofsuchelectricityinaccord­
ancewiththeprovisionsoftheBundesvertrag ;afterthe
expiryoftheBundesvertrag ,membersshallbeartheactual
annualcosts,exceptforpaymentofinterestonthecom­
pany'sowncapitalinproportiontotheirholdingsinthe
capitalofthecompany.1.Untiltherisk-sharingcontractwiththeFederalRe­
publicofGermany('Bundesvertrag ')expires,thetransferof
anyshareofthecapitaloranyfractionofashareshallbe
subjecttoapprovalbytheFederalRepublicofGermany.
2.Thetransferofanyshareofthecapitaloranyfraction
ofasharetoanon-membershallbesubjecttoauthorisation
bythegeneralmeetingofthemembers,withoutpreju­
dicetotheprovisionsofArticle17ofthelawrelatingto
companieswithlimitedliability(GmbH-Gesetz ).Thetrans­
ferofanyshareofcapitalorofanyfractionofasharetoa
membershallbenotifiedinadvancetothegeneralmeeting.
3.Beforeanytransferofanyshareofthecapitaltoanon­
member,themembertransferringitshallofferitwithout
discrimination totheothermembersatitsnominalvalue
plusapercentagepreportionatetothereservesandminus
apercentageproportionatetoanylosses.Theothermem­
bersshallhavetheoptionofacquiringthatshareinorderof
priorityaccordingtotheamountoftheirholdings,prefer­
encebeinggiventothememberwiththelargestholding.Article5a
Obligationsofmemberspursuanttothe
'Bundesvertrag'
1.Membersshallbeunderanobligationtothecompany
tocarryoutinfulltheprovisionsoftheBundesvertrag con­

172 OfficialJournaloftheEuropeanCommunities
Article8
Management
Themanagersshallconductthebusinessofthecompanyin
accordancewiththeprovisionsofthelaw,theStatutesand
therulesofprocedureadoptedbythegeneralmeeting.
Article9
PowersofthegeneralmeetingeludedbetweentheFederalRepublicofGermanyoftheone
partandallthemembersoftheotherpart.
2.Ifamemberwrongfullyactsinbreachofabasicobli­
gationundertheBundesvertrag (paragraph17(12))orif
throughanactoromissiononhisparttheobjectivesofthe
Bundesvertrag arefrustated(paragraph17(3)),heshall
makegoodthedamagetherebycausedtothecompanyand
totheindividualmembers.Inaddition,hemaybeexpelled
fromthecompanybyresolutionofthegeneralmeetingof
themembers.
3.Anymembersoexpelledshall,inrespectofhisshare
ofthecapital,beentitledtocompensation ,theamountand
duedateofpaymentofwhichshallbedeterminedinaccord­
ancewithArticle13(3).Theothermembersshallbeen­
titledtoacquiretheshareoftheexpelledmember,according
totheorderofprioritylaiddowninArticle4(3),against
paymentofthecompensation laiddown.Ifnoneofthe
membersiswillingtotakeoverthisshare,itshallbecan­
celled.
4.Iftherightsacquiredbyamemberthroughhisfirst
subscriptionareaffectedbytheprecedingprovisions,the
membershallaccepttheconsequencesthereofinaccord­
ancewithArticle34(2)ofthelawrelatingtocompanies
withlimitedliability(Article34(2),GmbH-Gesetz ).
5.Ifthegeneralmeetingresolvesbyathree-quarters '
majoritytoterminatetheBundesvertrag ,themembersshall
beunderanobligationtothecompanyandtheothermem­
berstomakethejointdeclarationprovidedforinpara­
graph16oftheBundesvertrag intheeventoftermination .ApartfromcasesprovidedforbylawandbytheStatutes,
thegeneralmeetingshallresolveuponthefollowingacts
ofthemanagers,whichmaynotbeperformedwithoutits
approval:
1.conclusionoftransactionsrelatingtoamountsexceeding
DM100000;
2.decisionsconcerningscalesofsalariesandwages;
3.otherimportanttasksofthecompany;
4.co-operationwithdomesticandforeignundertakingsor
withdomesticorforeignpublicbodies,wherefunda­
mentalproblemsconnectedwiththeobjectsofthe
companyareconcerned.
Thegeneralmeetingshalllaydowntherulesofprocedure
forthemanagersandthestandingcommittee (Article11)
andshallelecttheauditor..
Article6Article10
Generalmeeting
Administrative organsofthecompany
TheCompanyshallhavethreeadministrative organs:
1.themanagers;
2.thegeneralmeeting;
3.thestandingcommittee .
Article71.Thegeneralmeetingshallbeheldduringthefirstsix
monthsofeachfinancialyearforthepurposeofpassinga
resolutioninrespectofthebalancesheetforthepreceding
financialyear.
2.Generalmeetingsshallalsobeheldwheneverthe
membersorthestandingcommitteeconsideritnecessary
oruponrequisitioninwriting,settingoutthereasonsfor
andthepurposeofconveningthemeeting,bymembers
whosesharesofthecapitaltogetherrepresentnotlessthan
10%ofthecapital.
3.Generalmeetingsshallbeconvenedbythemanagers
byregisteredletter,statingtheagenda,twoweeksinad­
vance.Anymembermaywithinfourdaysproposeany
otheritemswhichhewishestobeplacedontheagendafor
consideration bythegeneralmeeting.
4.AtgeneralmeetingseachDM1000ofashareofthe
capitalshallcarrytherighttoonevote.
5.Ageneralmeetingshallbevalidlyheldonlyifnotless
thanhalfthemembersspecifiedinArticle1(a)to(f)are
presentandifthememberspresentrepresentnotlessthan
halfthevotes.Managers
1.Thecompanyshallhaveeitheroneortwomanagers
whoshallbeappointedbythegeneralmeeting.Theirap­
pointmentsshallbeforaperiodnotexceedingfiveyears
andshallberenewable .
2.Thecompanyshallberepresentedatlawbytwoman­
agersorbyonemanagerandapersonhavingpowerof
attorney,'actingjointly.

OfficialJournaloftheEuropeanCommunities 173
3.Intheperformanceofitsdutiesthestandingcommit­
teeshallcomplywiththerulesofprocedurelaiddownby
thegeneralmeeting.
4.Resolutionsofthestandingcommitteeshallbevalid
onlyifatleasthalfitsmembersarepresentandifthemem­
berspresentrepresentnotlessthanhalfthecapital.Fur­
thermore,Article10(5)shallapplybyanalogy.
Resolutionsofthestandingcommitteeshallbepassedby
asimplemajorityofthevotescast.Thevotingrightsof
membersofthecommitteeshallbedeterminedbyreference
tothesharesofthecapitalheldbythemembersofthe
campanywhomtheyrepresent.Resolutionsmay,atthe
directionoftheChairman,bepassedinwritingorbytele­
gram,providedthatnoimmediateobjectionisraisedby
anymemberofthecommittee.
5.Fullmembersofthecommitteeandalternatesshall
beentitledtoanattendancefee,theamountofwhichshall
bedeterminedbythegeneralmeeting.Ifthequorumisnotreached,afurthergeneralmeetingshall
beconvenedforadatefallinginthethirdweekfollowing,
withthesameagenda.Thatmeetingmaypassvalidreso­
lutionsirrespectiveofthenumberofmemberspresentandof
thevotesrepresentedifthishasbeenstatedinthenotice
callingthemeeting.
Resolutionsofageneralmeetingshallbepassedbyasimple
majorityofthevotescast,saveincaseswherethelaw
requiresahighermajority.
6.TheChairmanofthestandingcommitteeshallpreside
atgeneralmeetings,orifheispreventedfromattendinghis
alternateshallpreside.Ifthelatterispreventedfromattend­
ing,themeetingshall,underthechairmanshipoftheoldest
attendingrepresentative ofthememberspresent,electa
Chairmanfortheoccasion.
TheChairmanshalldeterminethemethodofvoting.
7.Membersmayhavethemselvesrepresentedbyman­
agementexecutivesoftheirundertakingsholdingaproxyin
writing.Theymayalsobevalidlyrepresentedbyanother
memberorbyapersonholdingaproxyfromthatmember.
8.Proceedingsofgeneralmeetingsshallberecordedin
minutes,whichshallbesignedbytheChairmanandthe
Secretary.TheSecretaryshallbeappointedbythemanagers,
inagreementwiththeChairman.Article12
Financialyear
Thefinancialyearofthecompanyshallbethecalendaryear.
Article13
Durationofthecompanyandwithdrawalfrompartici­
pation
1.Thecompanyisformedforanindefiniteperiod.
2.OntheexpiryoftheBundesvertrag ,anymembermay
attheendofthefinancialyearwithdrawfrompartici­
pationsubjecttotwoyears'notice.Withdrawalshallbeper­
missibleonlyifthememberwishingtowithdrawhasoffered
hisshareofthecapitaltotheothermembersunderthecon­
ditionslaiddowninArticle4(3)andif,withinoneyear
fromthetimewhentheofferwasmade,noneoftheother
membersiswillingtotakeoverthatshareandiftheother
memberscannotreasonablyberequiredtoassumethe
obligationtopurchaseelectricityincumbentonthemember
whowishestowithdraw.Wherethatrequirementwouldbe
unreasonable,withdrawalshallstillbepermissibleifthe
memberconcernedplaceshisshareofthecapitalatthe
disposaloftheothermembersfreeofpayment.
3.Theshareofthecapitalofamemberwhohasceased
toparticipateshallbewithdrawn .
Saveinthecasecoveredbythelastsentenceofparagraph2,
amemberwhohaswithdrawnfromparticipationshall
receiveascompensation anamountequaltothecurrent
valueofhisshareofthecapitalbutnotgreaterthanthe
nominalvaluethereofplusaproportionate shareofthe
reserves.Inthedeterminingofthecurrentvalueofthe
share,accountshallbetakennotonlyofthecurrentvalue
oftheassetsbutalsooftheobligationtopurchasethe
electricityproducedandoftheincidenceoftheannual
costs.Article11
Thestandingcommittee
1.Thegeneralmeetingshallappointastandingcommit­
teetosupervisetheconductofthebusinessofthecompany;
theminutesshallnotbesubjecttotheprovisionsof
companylawrelatingtosupervisoryboards.Thatcommittee
shallhavepowertoappointanddismisspersonshaving
powerofattorneyorproxy,toengageanddismissstaffwhose
monthlysalaryexceedsDM2500andtograntmonthly
salariesexceedingDM2500.Thegeneralmeetingmay
delegatetotheCommitteeallorsomeofthepowersof
decisionconferredonitbyArticle9,items(1)to(4).
Anymemberofthecompanywhoseshareofthecapital
amountstonotlessthan3%ofthecapitalofthecompany
shallberepresentedbyafullmemberonthestandingcom­
mittee.Withoutprejudicetothisprovision,themembersof
thecompanyspecifiedinArticle1(g)to(n)shallcollec­
tivelyberepresentedbyonememberonthestandingcom­
mittee.Amemberofthecompanymayappointanalter­
natetoreplaceafullmemberonthestandingcommittee.
Appointmentordismissaloffullmembersofthestanding
committeeorofalternatesshallbenotifiedinwritingtothe
mapagement .
2.Theonlypersonswhomaysitonthestandingcom­
mitteeasfullmembersoralternatesshallbepersons
holdingexecutivemanagerialpositionsinthe•member
undertakings .

174 OfficialJournaloftheEuropeanCommunities
Thedateforpaymentofthecompensation shallbedeter­
minedinsuchawaythatitdoesnothavetheeffectofim­
pairingtheliquidityofthecompanyorofentailinganin­
creaseinthepriceofelectricitysupplybythecompany.
Article14theEuratomTreatywhichrelatetoJointUndertakingsand
alsototheDecisionsoftheCouncilofMinistersofthe
EuropeanAtomicEnergyCommunityestablishingitasa
JointUndertakingandconferringonitanyoftheadvan­
tageslistedinAnnexIIItotheEuratomTreaty.Inparticu­
lar:
(a)amendmentstotheseStatutesshallnotenterintoforce
untiltheyhavebeenapprovedby•theCouncilof
Ministers,pursuanttoArticle50oftheTreaty;
(b)inaccordancewithArticle171(3)oftheEuratom
Treaty,thecompany'sprofitandlossaccountsand
balancesheetsrelatingtoeachprecedingfinancialyear
shall,withinonemonthaftertheirapprovalbythe
generalmeeting,besentbythemanagementtothe
CommissionofEuratom,whichshallplacethembefore
theCouncilofMinistersandtheEuropeanParliament .
Theestimatesofrevenueandexpenditureshallbesub­
mittedinaccordancewiththesameprocedureone
(monthatthelatestbeforethebeginningofeachfinan­
cialyear.
2.Subjecttotheforegoingprovisions,thecompanyshall
continuetobegovernedbyGermanlaw,andinparticular
bythelawof20April1892relatingtocompanieswith
limitedliability(GmbHGesetz).Dissolutionofthecompany
1-.Thecompanymaybedissolvedbyresolutionofthe
generalmeetingbutnotbefore31December1985.
Aslongascommitmentsexceed20%ofthecapital,athree­
quarters'majorityshallberequiredfordissolution .
2.Ifthecompanyisdissolvedbyresolutionofthegeneral
meeting,thememberswhovotedagainstdissolutionshall,
inthecourseofthewindingup,beofferedtheopportunity
ofacquiringtheinstallationsofthecompany.Theproceeds
ofthewindingupshallnot,throughtheexerciseofsuch
rightofacquisition,belessthanwouldresultfromasale
ontheopenmarket.
Article15
Legalnotices
AlllegalnoticesshallbepublishedintheBundesanzeiger .Article17
Finalprovisions
Article16
JointUndertakings1.IfanyoftheprovisionsoftheStatutescontravenes
anystatutoryprovisions,themembersshallagreethatthe
otherprovisionsoftheStatuteswillremaininforcenever­
thelessandthattheinvalidtermswillbereplacedbyother
terms,ifpossiblehavingequivalenteffect.
2.Anydifferencesofopinionconcerningthecontentand
effectoftheStatutesshallasfaraspossiblebesettledami­
cably.ThecourtwithjurisdictionshallbethatofStuttgart.1.IfthecompanyisestablishedasaJointUndertaking
withinthemeaningoftheTreatyestablishingtheEuropean
AtomicEnergyCommunity,itshall,forthewholeofthe
periodofitsactivityassuch,besubjecttotheprovisionsof