Law 242

Original Language Title: Ley 242

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NO 242

MAMERTO URRIOLAGOITIA H.

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For How Much: The Honorable National Congress has sanctioned the following Law:

THE NATIONAL CONGRESS

DECRETA:

Single-ass.†"The Article 198 of the General Banking Law is supplemented as follows:

"ArtA-cull 198.†" As of the date this Law enters into force, the product of all mortgage loans made by mortgage banks will be delivered to the cash-holders; and they shall pay the interest and commissions in cash: and the ordinary or extraordinary redemptions in cash or in mortgage letters of the same series and type of interest, and shall be deemed to be

The session of the National Congress.

Peace, December 15, 1949.

(Fdo.) Waldo Belmonte Pool.†"(Fdo.) Luis Ponce Lozada.â €" (Fdo.) C. LAólpez Arce, Senator Secretary. (Fdo.) A. Ichazo, Secertarian Senator (Fdo.) Guillermo Alvarez S., Deputy Secretary. (Fdo.) G. Bilbao La Vieja, Deputy Secretary.

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

Palace of Government, in the city of La Paz at 10 days of the month of January 1950.

(Fdo.) MAMERTO URRIOLAGOITIA.â€" (Fdo.) Rafael Parada Sua ¡ rez.