Law 06-12-1957

Original Language Title: Ley 06-12-1957

Read the untranslated law here:

LAW of December 6, 1957 HERNAN SILES ZUAZO President constitutional DE LA Repašblica as: the Honorable National Congress has sanctioned the following law: the National Congress, DECREED: Arta-culo 1a ° â €"is will have as a law of the Republic Republic Supreme Decree NÂ ° 4425, on June 12, 1956, through which power Executive accepted the proposal of South American Gold and Platinum Company of New York!" , United States of Americas rica, for the exploitation of deposits of gold and Platinum in the Ra-o Kaka and Ra - ye adjacent Larecaja of the Department of La Paz province.
Arta-culo 2a ° â €"the Arta - culo3a ° of Supreme Decree NÂ ° 4425 remain worded in the following way:"indicated areas excluded mining concessions already granted, with titles ejecutoriales in force prior to the date of the aforementioned Supreme Decree, leaving the authority Compaa±a-a to be exploited by arrangement with their owners and approval of the Ministry of mines.! " This exploitation is Regira to the same rules of the contract must be deduced from the Regala-a of the Government payments that had to do the Compaa±a-a owners. Compaa±a - to allow that the settlers continue in his work surface of gold panning, more only at a distance of at least 200 metres radius from each dredge in operation and its facilities.! The rescue of gold that produce such Abora-genes will be in charge of the Banco Minero of Bolivia.
Arta-culo 3a ° â €"the Arta-culo14 of the Supreme Decree N ° 4425 Dira:" all the deadlines set forth in the contract is considered n suspended for the entire time during which occur acts of God or force majeure, among other subversions, wars, disorders of the peace Pa public, preventing the scan, the Assembly or exploitation of concessions as damages in machineries! "!" , disputes concerning the ownership and possession of the concessions referred to in this Decree. Not be considered n cases of force majeure the phenomena of natural area as torrential rains and floods, except that ã © stas may cause damages in machineries.! In any of the above cases, the tà © rmin or corresponding terms will be automatically extended automatically by a time equal to the duration or permanence of the fact, and by the time required for the Compaa±a-to make repairs to any place in order to restore normal conditions in addition s,.! Any fact or event that Sega º n this Cla provisions provision may cause extension of algae º n tà © rmin or term, shall be communicated promptly and in writing to the Ministry of mines.!! If the force majeure or fortuitous had a permanence of Ma six months and the Compaa±a-a judge such fact as undesirable or detrimental to the continuation of the contract, shall have right to so terminate in any of their three PEAR-odos, without payment of any settled.!!
Arta-culo 4Â ° â €"the Arta-culo18 of the same Decree Dira:" for the exclusive right to explore and exploit mines terms of the concession, the Compaa±a - to pay State a Regala-a of five percent (5%) on the gross production of gold, Platinum and complexes of these metals, payable quarterly and is paid in kind or in U.S. dollars to the choice of the Government! "!" , the price of the current London time of payment, less expenses, freight charges and insurance market. Except as provided in the Arta - culo19a °, this Regala-a is set to Sustitucia³n all existing municipal, departmental and national taxes or to create, including the global follow-up on payment of dividends to shareholders.
The company shall be obliged to pay patent mining during the term of the contract, payment will be made from the date of granting.
Commune-contact to the Executive for constitutional purposes.
Session of the H. Congress Hall.
The peace, 3 in December of 1957.
(Fdo). Federico Alvarez Plata, President of the H. Senate Nacional.a€ "Hugo Lopez Avila, President of the H. CA Chamber of Diputados.a€" Ciro Humboldt B., Senator Secretario.a€ "Fernando Ayala Requena, Senator Secretario.a€" Joa © l Balderrama, Deputy Secretario.a€ "Gines Delfa-n, 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 six days-as of the month of December one thousand nine hundred and fifty seven years.
(Fdo). HERNÁN SILES Zuazo.a€ "Jorge of the German Solar n, Minister of mines and petroleum."