Key Benefits:
law of December 27, 1958
HERNAN MISSILES ZUAZO
CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA
For How Much: The Honorable National Congress has sanctioned the following Law:
CONGRESS NATIONAL,
DECCRETA:
ArtA-culo 1A ° †" AutorA-zase à la Prefectura y alcaldA-a Municipal de Sucre, la contrataría de un empra stito en los bancos nacional o extranjeros o en entities de crédito del exterior, hasta la sum of five hundred thousand dollars or its equivalent in national currency, with the garantA-a of the departmental and municipal taxes, as of the actions that the mayor has-to Municipal in the FA of Cement.
ArtA-ass 2A ° †" The amortisation will be to a maximum period of fifteen years up to 4% per year.
ArtA-arse 3A ° †" The funds will be administered by the Department of Public Works, the same as that which will have a qualification and a plan of application of the resources, giving preference to productive investments, solution of the Energy problem-electrical power and lighting and demA's departmental public works.
Communicate to the Executive Branch for constitutional purposes.
Session of the H. National Congress.
La Paz, December 19, 1958.
(Fdo) .†"Federico Alvarez Plata, President of the National Senate. â€" Germá ¡ n Quiroga Galdo, President of the H. CA of Diputados.â € "Carmelo Cuellar J., Senator Secretario.â€" Alberto Lavadenz R., Senator Secretario.†" Raüsl Murillo and Aliaga, Deputy Secretary-arâ € " Fuad Mujaes, Deputy Secretary.
FOR TANTO: I enact it so that it has and will comply with the Law of the Republic.
Palace of Government, in the city of La Paz, at the twenty-seventh day of December of a thousand nine hundred and fifty-eight years.
(Fdo) .†" HERNAN MISSILES ZUAZO, Constitutional President of the Republic.