OTORGANSE FACULTIES TO MODIFICATE TASES OF COMPANY AND SERVICES

LEY 13.997

Sanctioned: September 29 - 1950

Promulgated: October 6 - 1950

WHY:

The Senate and the Chamber of Deputies of the Argentine Nation, meeting in Congress, sanction with force

LEY:

ARTICLE 1- Please refer to the Executive Branch to modify the fees of the port and consular taxes and services, preferably taking into account the expenses required by your provision. It may also establish the form of perception and liquidation and establish where such services will be provided free of charge. Please also refer to the Executive Branch to delete, in whole or in part, consular intervention in customs documents.

ARTICLE 2- Modify the last part of Article 18 of Law No. 13,922, which will be drafted as follows: “as well as to give to the Argentine Institute for the Promotion of the Exchange the credits that are in your favour for the amounts that go to commercialization operations that will defend agricultural production.”

ARTICLE 3- Incorporate the advance regime authorizing articles 10 of Act No. 13.558 and 10 of Act No. 13,922 to national transport companies, with the authority of the executive branch to make the necessary modifications to the relevant expenditure plans, where the requirements of the exploitation are required.

ARTICLE 4- The executive power is authorized to increase the capital of the Mixed Society Siderurgia Argentina, until the amount that is indispensable for the fulfillment of the Argentinean sideurgical purposes - Law No. 12.987. The issue of the corresponding actions will be arranged at the time when the executive branch deems it appropriate, and in a whole in accordance with the rules set out in Article 7 of the aforementioned law, setting the prices of the actions according to the needs.

Facultase the Executive Branch to ensure the financing operations that are necessary to meet the objectives of the Argentine steel plan provided for in Law No. 12.987, as well as to approve the modification of the statutes of the Argentine Joint Society

ARTICLE 5°- Authorize the Executive Branch to increase the provisions of Law No. 12,709 to the extent necessary to continue the works, facilities and research developments currently under the responsibility of the General Directorate of Military Manufacturing.

ARTICLE 6– Substitute article 46 of Decree No. 29.176/44 – Act No. 12.921 by the following: “Article 46. – The general budget of the National Social Security Institute and its sections shall be subject to the approval of the executive branch.

Its amount may not exceed 5 per cent of the total amount of resources or erogations that, in accordance with the provisions in force, receive or pay the different sections in the respective period.

The sections in addition to funding their own budgets will contribute, in the proportion established by the directory, to the cost budget of the Institute and those general services organized in accordance with article 66.

The expenses of the Institute and its movement of titles will be controlled by the National Accounts.”

ARTICLE 7° – Contact the Executive.

Given in the session room of the Argentine Congress, in Buenos Aires, on the 29th day of the month of September of the Year of the Liberator General San Martín, 1950.

J. H. QUIJANO – H. J. CAMPORA

Alberto H. Reales – L. Zaballa Carbó

– Registered under number 13.997 –

Year of the Liberator General San Martín