Oil. Book Tax. L No. 289 Of 11 Nov. 1950.-Rises The Declared Areas Of Iturralde, Caupolican, Ayopaya And Chapare, By D.l. From 5 Nov. 1937 Ref. Article 4 D. L-21 Dec 1936

Original Language Title: PETRÓLEO. RESERVA FISCAL. L. Nº 289 DE 11 NOV. 1950.— SE LEVANTA LA DECLARADA EN LAS ZONAS DE ITURRALDE, CAUPOLICÁN, AYOPAYA Y CHAPARE, POR D.L. DE 5 NOV. 1937. REF. ART. 4ºD. L. 21 DIC 1936

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NO 289

MAMERTO URRIOLAGOITIA H.

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For how much: the Honorable National Congress has sanctioned the following Law:

THE NATIONAL CONGRESS,

DECRETA:

ArtA-arse 1A ° †" The fiscal reserve for Oil Fields is lifted in the Iturralde and Caupolica areas of the Department of La Paz, and in the Departments of Beni and Pando, declared by Decree-Law of 5 November 1937. We understand the lifting of the oil-sphere fiscal reserve to the provinces of Ayopaya and Chapare of the Department of Cochabamba.

ArtA-Aculo 2A ° †" According to the article 4A ° of the Decree-Law of 21 December 1936, authorizes OILFIELDS BOLIVIA, to conclude contracts with legislative approval, since joint ventures with the State want to explore and exploit petroleo in the indicated areas.

ArtA-culo 3A ° †" The Executive Branch shall regulate this Law.

The Executive Branch for Constitutional Purposes.

Session of the H. National Congress.

La Paz, 6 November 1950.

(Fdo.) Juan Manuel Balcazar.â € "(Fdo.) Lucio Lanza Solares.â €" (Fdo.) Carlos LAólpez Arze, Senator Secretario.†"(Fdo.) P. Saucedo Barbery, Senator Secretario.â€" (Fdo.) Julio Crespo, Diputado Secretario.†" (Fdo.) A. Brito Miranda, Diputado Secretary.

BY TANT: I enact it so that it has and complies with the Law of the Republic.

Palace of Government, in the city of La Paz, at the eleven days of November of a thousand nine hundred and fifty years.

(Fdo.) MAMERTO URRIOLAGOITIA H. â € " (Fdo.) Luis NardA-n Rivas.