Sucre. - Cooperative Electric - L.nº 2 Sbre 260. 1950.-Organization, Directory, Privileges, Etc.

Original Language Title: SUCRE.—COOPERATIVA ELÉCTRICA.—L.Nº 260 DE 2 SBRE. 1950.— ORAGANIZACIÓN, DIRECTORIO, PRERROGATIVAS, ETC.

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/52012

LAW NÂ ° 260 MAMERTO URRIOLAGOITIA H. President constitutional DE LA Repašblica as: the Honorable National Congress has sanctioned the following law: the National Congress, DECREED: 1a ° â € Arta-culo "Organa-used, in accordance with the law of December 14, 1944, a cooperative society of ALS with the name electrical services of" cooperative Commonwealth © electrical Sucre "will aim to establish and exploit energy-a electrical supply industry" , to the Capital of the Republic.
Arta-culo 2a ° â €"the initial contribution of the municipality of Sucre to the cooperative Commonwealth © electrical will be Bs. 20,000,000. â €" (twenty billion) from the Empra © stito, licensed by the law of December 30, 1948, has supported the Central Bank of Bolivia, and now consisting of the Compaa±a - at power Industrial actions which has acquired "!" , already in Ma machines contracted abroad, already in currency granted by the Government, already in cash.
Arta-culo 3a ° a.€ "the Council of administration of the" cooperative Ela © electrical Sucre "will be formed by seven members: two, designated by the Council Municipal, are or Na³ Muna-cipes;!" one, appointed by the prefect of the Department of Chuquisaca; one, by the CA mara of Comercio de Sucre; another, by the CA mara's industry of the same city;! and two, by private shareholders. Will condition indispensable to have representation in the Prefecture of the Department and individual shareholders in the Council of administration that the State to contribute, in accordance with the Arta-culo 2a ° of the law of December 14, 1944, the same initial sum which provides the municipality, and that private shareholders, Subscribe to at least two billion shares. The Management Board shall elect a President from among its members.
Arta-culo 4Â ° â €"to this law Codelcoâ is will a temporary directory with delegates designated by the City Council and the CA Chambers of Commerce and industry with the following responsibilities: buy shares of the Compaa±a - at power Industrial direct and voluntary sale of shareholders;!!"

Receive the facilities, machinery, furniture and useful, networks of distribution and all the Compaa±a - at power Industrial goods;

Manage the current Ela electrical services while it constitutes the "cooperative Commonwealth © ctrica Sucre";

Organize the society, call subscription of shares, approve the Social status and obtain the recognition of the Personera-a Jura - medical cooperative by the Supreme Government.
Arta-culo 5Â ° â €"pleads the need and usefulness of the Expropiacia³n of the actions of the Compaa±a - at power Industrial that still - to remain in the hands of private individuals, fixed moving the price per action of two hundred and fifty bolivianos (bs.250.a€" ") in which made the municipality of Sucre in direct and voluntary purchase to shareholders.!" The temporary directory of the "cooperative Commonwealth © electrical Sucre" for a period of sixty days-as will continue acquiring shares by direct sale, expired, which Depositara with the court party of Sucre the value of shares that have been held by the public prosecution, so collected that were right. Made this legal deposit, you can received all assets of the Compaa±a-a.
Arta-culo 6a ° â €"staff of the" cooperative Commonwealth © ctrica Sucre "will be subject to the rights and duties of trade and industry and the workers, employees in the Arta-culo 2a of the General labour law." Shall be entered in box rail, streetcar of branches attached.
7a ° â € Arta-culo "balance sheets of the" cooperative Commonwealth © ctrica Sucre "will be n, subject to the approval of the Comptroller-a Department of Sucre."
Arta-culo 8a ° â €"the" cooperative Commonwealth © Sucre ", Gozara de the same prerogatives in the granting of foreign currency to the municipalities.
Commune-contact to the Executive for constitutional purposes.
Session of the H. Congress Hall.
Peace, on September 11, 1950.

(Fdo). Baila³n Mercado.a€ ' (Fdo. " Domingo L. branch - rez.a€ ' (Fdo). " C. Lopez, Senator Secretario.a€ ' (Fdo). " P. Saucedo Barbery, Senator Secretario.a€ ' (Fdo). " Julio Crespo, Deputy Secretario.a€ ' (Fdo). " Alberto M. Brito, Deputy Secretary.
THEREFORE: I enacted it is and meets as a law of the Republic.
Government Palace, in the city of La Paz, twenty days-as of September of one thousand nine hundred and fifty years.
(Fdo). MAMERTO URRIOLAGOITIA h.€ "(Fdo)." A. Gutierrez © rrez. â €"(Fdo)." L. Ponce Lozada.