Domite's Public Works Of Santa Cruz. - Law Of 29 September 1958. - Are You Authorized To Contract Loans With Guarantee Of Royalties Of Hydrocarbons Which Correspond To That Department

Original Language Title: DOMITÉ DE OBRAS PÚBLICAS DE SANTA CRUZ.— LEY DE 29 DE SEPTIEMBRE DE 1958.— SE LE AUTORIZA A CONTRATAR EMPRÉSTITO, CON GARANTÍA DE LAS REGALÍAS DE HIDROCARBUROS QUE CORRESPONDEN A ESE DEPARTAMENTO

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/55151

LAW of 29 September 1958 HERNAN SILES ZUAZO President constitutional DE LA Repašblica as: the Honorable National Congress has sanctioned the following law;
THE National Congress DECREES: 1a ° â € Arta-culo "author-used to Committee © works public from Santa Cruz to hire an Empra © stito internal or external to the extent of 15,000,000." $us (American dollars) earmarked for the execution of the urban works of the city of Santa Cruz de la Sierra with the warranty-a of the Regala-as of hydrocarbons that correspond to that Department.
2a ° â € Arta-culo "Empra © stito service is Hara within the La-limits corresponding to 8% annual repayment and a 4% annual interest rates s. Arta-culo 3a ° â €" for the service of the Empra © stito necessary for the funding of the urban works of Santa Cruz and charged to the Regala-as of the petroleum of the Department, the State through © s of deposits Petrola-feros Bolivian fiscal or other entities who are exploiting petroleum "!" , Adelantara the sum of a million of annual $US as Ma-minimum.
Arta-culo 4Â ° â €"author-used the departmental Treasury of Santa Cruz to put on their own, the controls deemed necessary at wellhead of the oil production of the Department."
Commune-contact to the Executive for constitutional purposes.
Session of the H. Congress Hall.
Peace, September 22, 1958.

(Fdo). â €"Federico Alvarez Plata, President of the H. Senate Nacional.a€" Germa n Quiroga Galdo, President of the H. CA mara Diputados.a€ "Oscar Donoso L, Senator Secretario.a€" Alberto Lavadenz R., Senator Secretario.a€ "Fuad Mujaes, Deputy Secretarioâ€" Gil Coimbra, Deputy Secretary.!!
THEREFORE: I enacted it so you have and observe as the law of the Republic.
Palace of Government, in the city of the peace, to the twenty and nine dÃ-as of the month of September of thousand 1900s fifty and eight years.
(Fdo). â €"HERNÁN SILES Zuazo.a€" Eufronio Hinojosa, Minister of finance and Estada-feature.