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

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law of September 29, 1958

HERNAN MISSILES ZUAZO

CONSTITUTIONAL PRESIDENT OF THE REPASBLICA

For How Much:

The Honorable National Congress has sanctioned the following law;

NATIONAL CONGRESS,

DECCRETA:

ArtA-culo 1A ° †" AutorA-zase al Comité de Obras PAºblicas de Santa Cruz to hire an internal or external undertaking up to the sum of 15,000,000. of $US (American execution of the urban works of the city of Santa Cruz de la Sierra with the garantA-a of the gifts of hydrocarbons that correspond to the said Department.

Article 2A ° †" The service of the undertaking shall be made within the limits corresponding to an 8% annual depreciation and 4% annual interest.

ArtA-arse 3A ° †" For the service of the necessary undertaking for the financing of the urban works of Santa Cruz and with charge to the gift-as of the petroleo of the Department, the State through the Oil Fields Bolivians or other entities that exploit petroleo, will advance the sum of a million $US annually as a minimum.

ArtA-arse 4A ° †" AutorA-zase to the Treasury Department of Santa Cruz to put on its own, the controls that it deems necessary in the mouth of the oil production of the Department.

Constitutional aims.

Session of the H. National Congress.

La Paz, September 22, 1958.

(Fdo) .†"Federico Alvarez Plata, President of the National Senate. â€" Germá ¡ n Quiroga Galdo, President of the H. CA of Diputados.â € "Oscar Donoso L, Senator Secretario.â€" Alberto Lavadenz R., Senator Secretario.†" Fuad Mujães, Diputado Secretariaâ € " Gil Coimbra, Deputy Secretary.

FOR TANTO: He promulgated it so that it has and will comply as law of the Republic.

Palace of Government, in the city of La Paz, at the twenty-nine days of the month of September of a thousand nine hundred Fifty-eight years.

(Fdo) .†"HERNAN SILES ZUAZO.â€" Eufronio Hinojosa, Minister of Finance and Statistics.