Structure Yacuiba (Madrejones). - Contract Award. - 22 May 1958 Law. - Authorised The Executive Branch, Subscribe Through Y.p.f.b

Original Language Title: ESTRUCTURA YACUIBA (MADREJONES).— CONTRATO DE CONCESIÓN.— LEY DE 22 DE MAYO DE 1958.— AUTORÍZASE AL PODER EJECUTIVO SUSCRIBIR POR INTERMEDIO DE Y.P.F.B

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law of 22 MAY

HERNAN MISSILES ZUAZO

CONSTITUTIONAL PRESIDENT OF THE REPASBLICA

For How Much:

The Honorable National Congress has sanctioned the following Law:

THE NATIONAL CONGRESS

DECCRETA:

ArtA-ass nico.†" According to the article 19 of the State Policy Constitution, the development and exploitation of the State is declared of national necessity, by means of the capital concurrency Foreign private, of the Yacuiba structure (Madrejones, Bolivian sector) and any other that could exist in the A area of 43,800 hectares defined in the Supreme Decree No 4645 of 13 May 1957, and situated within fifty kilometers of the border with the Republic of Argentina. To this effect, it will authorize the Executive Branch, so that through the oil fields of the Bolivian Tax-Ferríos Fiscales, it will subscribe the corresponding contract for the development in joint operation, in accordance with the provisions of the article 161 of the I say of the Oil.

Communicate to the Executive Branch for constitutional purposes.

Session of the H. National Congress.

La Paz, May 20, 1958.

(Fdo) .†"Federico Álvarez Plata, President of the H. Senate National.â€" Juan Sanjináns O., President of the H. CA "mara de Diputados.â €" Ciro Humboldt B., Senator Secretario.†"Heberto AA ± ez, Senator Secretario.â€" Manuel Paz Soruco, Deputy Secretario.†" Alberto Mendoza LAFAS, Deputy Secretary.

FOR TANTO: I enact 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-two days of May of a thousand nine hundred and fifty-eight years.

(Fdo) .†"HERNAN SILES ZUAZO.â€" José F. del Solar A., Minister of Mines and Petroleum.