Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/55470
LAW of 10 October 1959 HERNAN SILES ZUAZO President constitutional DE LA Repašblica as: the National Congress has sanctioned the following law: the National Congress DECREES: 1a ° â € Arta-culo "author-used to power Executive, in accordance with the Arta-culo 58, Atribucia³n 5th, for the Pola-tica Constitution of the State, to engage with the loans of Development Fund (Development Loan Fund.)" dependent of the Government of the United States of housewife © rica, a loan by: the sum of one million five hundred thousand dollars ($us. 1,500,000. a€ "), with destination to the construction of a track of landing paved and to the installation of lighting, equipment of control of Tra transit Aa © reo and other facilities related in the airport of" the high "of the peace.!"
2a ° â € Arta-culo "loan authorized by this law is display at the same time, without any discount and Devengara an interest that shall not exceed the 3 and 1 / 2% (three and half percent annual), computable on balances.!!!"
Arta-culo 3a ° â €"through this unique time and face exceptional character, is authorized to the Executive Branch, with charge of legislative approval, agreed the necessary resources to cover depreciation and interest of the loan, services which serve n at the same time from the same warranty-a.!"
Arta-culo 4Â ° â €"the direction, control and supervision of the work of the airport"El Alto"in La Paz, as well - as the Administration and investment of the funds of the Pra © loan and all other Tra emerging mite of the contract of Pra © loan, will be n in charge of the Ministry of works public and communications through the General Directorate of Aeronautics utica Civil , and this Office adopt all measures necessary to the better use of the loan and to the development of the works to which this intended for Cra credit, subject to the relevant legal and regulatory standards.
Arta-culo 5Â ° â €"are empowered to be able to hire in the best possible way, the execution of the works that is the present law with entities of recognized ability and experience technical in this kind of work and whose economic solvency is duly accredited, Executive setting details and establishing the corresponding warranty-as, according to pre-existing contracts."
Arta-culo 6a ° â €"authorizing the Ministry of finance and Estada-feature to subscribe and delivery w/o the order of the background of Pra © stamos of promotion the © s to be paid n stipulated in the contract of Pra © loan, must intervene in this operation the Central Bank of Bolivia as trustee.!"
Arta-culo 7a ° â €"resources for care of expenditure in Bolivian currency that demands the execution of the works of the runway and Dema s planned works, will be n financed with funds from the American assistance to the Government of Bolivia may agree with the Government of the United States of AmÃ © rica.!" Any other expense not covered in as previously indicated, from the year 1960, will be included in the national budget, communications and public works service.
Arta-culo 8a ° â €"the import of materials, automobiles, trailers, vans, trucks, heavy equipment, tools, radio and meteorologist-a, furniture, accessories and Dema s enseres destined exclusively to the work of construction, installation, operation and maintenance of the airport"El Alto"in La Paz, is absolutely free of payment rights and customs taxes, Asa - as all other liens, rate or face cter national taxes" , departmental and municipal created or by creating is in the Repa ° public, must in each case of import, dictate is the resolution Ministerial corresponding.
Arta-culo 9Â ° â €"also be released from payment of all established national, departmental and municipal taxes or settle in the Paa-s, the contract of Pra © loan and interest-bearing ã © ste, the paid © s and payments of the loan, including the tax on utilities, bells, sealed paper and the like."
Arta-culo 10a ° â €"Designara executive power to the o / representatives that for-profit n the contract of Pra © loan in representation of the Government of Bolivia, with all the legal powers necessary.!!"
Arta-culo 11a ° â €"the power Executive Reglamentara this law."
Commune-contact to the Executive for constitutional purposes.
Session of the H. Congress Hall.
La Paz, 9 October 1959.
(Fdo). Ruba © n Julio Castro, President of the National Senate h. a€ "John Sanjina © s Obando, President of the CA mara of Diputados.a€" Ciro Humboldt B., Senator Secretario.a€ "Fernando Ayala Requena, Senator Secretario.a€" Ranulfo Molloja H., Deputy Secretario.a€ "Zena³n Barrientos Mamani, Deputy Secretary.!"
THEREFORE: I enacted it is and meets as a law of the Republic.
Government Palace, in the city of La Paz, to the ten day-as of the month of October of nineteen hundred fifty-nine years.
(Fdo). HERNÁN SILES ZUAZO, President constitutional of the Repaºblica.a€ "H. Poppe Marta-nez, Minister of works PA ° public and Comunicaciones.a€" H. Moreno Cordoba, Minister of Hacienda and Estada-feature.
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