Act 31-10-1957

Original Language Title: Ley 31-10-1957

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law of October 31, 1957



BECAUSE: The Honorable National Congress has sanctioned the following Law:



ArtA-arse 1A ° †" DeclAs the rights of all the mining property dealers that would not have paid the respective patents until the second half of the year 1953 have been evicted.

ArtA-arse 2A ° †" The expiration of all mining concessions, which even if they had their patents attached to the dA-a, would have been abandoned for ten consecutive years. The mines that would not have delivered the products of their exploitation to the Mining Bank of Bolivia are rejected.

ArtA-culo 3A ° †" The eviction and the expiration established in this Law will not be subject to the proposed limits in the Code of MinerA-a and the properties will revert to the rule of the State without any other formality.

ArtA-arse 4A ° †" The Executive Branch will regulate this Law.

The meeting room of the H. National Congress.

La Paz, 28 de October 1957.

(Fdo.) Federico Alvarez Plata, President of the National Senate. †"Juan Sanjináns Ovando, President of the H. CA of Diputados.â €" Ciro Humboldt B., Senator Secretario.†"Heberto AA ± ez, Senator Secretario.â€" Joáll Balderrama, Deputy Secretario.†" Gil Coimbra, Deputy Secretary.

BY TANTO I enact it so that it has and will comply with the Law of the Republic.

Government Palace, in the city of La Paz, at the thirty-one day of October of a thousand nine hundred and fifty-seven years.

(Fdo) HERNAN SILES ZUAZO.†" José F. del Solar Alemà ¡ n, Minister of Mines and Petroleum.