MAMERTO URRIOLAGOITIA H.
CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA
For How Much: The Honorable National Congress has sanctioned the following Law:
THE NATIONAL CONGRESS
ArtA-ass 1A °â€ " The Company of Yungas Owners of the Province Carrasco is authorized to contract an undertaking at the Central Bank or any of the credit institutions up to the sum of fifteen Millions of Bolivians destined for the continuation of road road Montepunco for Arepudio a ChimorA© or Ichilo.
To this end, the Central Bank is empowered to grant this loan and to the Company of Yungas Owners of private service in public service.
2A °â€ " The loan of the deliveries will be made by the creditor institution for items according to the reports of the Department of the Departmental or of the Viality, both for the beginning and for the continuation of the works.
ArtA-arse 3A °â€ " Jobs will be made by call for proposals or by administration according to plan and plans raised by the Ministry of Public Works.
ArtA-ass 4A °â€ " This loan is guaranteed with the following rents:
a) With sixty percent of the taxes of the Chulllas, with 25% going to the conservation of the roads leading to the different Yungas of the Province Carrasco;
b) With the cessation of the difference of 50% of the current freight that the carriers of the extraction of coca pay of the Yungas of the province Carrasco, which should be set semi-annually by the Transit offices at their respective rates;
c) AdemA for the same object the following taxes are created:
1.a€ " Bs. 50.â€ "for each truck that will enter the Yungas of Totora;
2.a€" Bs. 50.â€ " for each truck that comes out of the same places;
3.a€ " Bs. 5.â€ "for each quintal of 46 kilos of extra-A products-two of the same yungas;
4.â€" Bs. 5.â€ "per 46 kg (commercial) cargo, except for food intended for the workers of the aforementioned places;
5.â€" Bs. 20.â€ "for each quintal of 46 kilos of wood extracted-da to Montepuncu.
ArtA-ass 5A ° â€" The interest rates and amortisation of the undertaking authorized by this law shall be fixed by the Company of Owners of the Yungas from the province Carrasco, not able to exceed 6% and 10% a year, respectively.
In case the previous resources were not sufficient, sA© will be entered annually in the General Budget of the National "Obligations of the State", a sum necessary for the service of the operation.
Communicate to the Executive Branch for constitutional purposes.
Session of the H. National Congress.
La Paz, December 20, 1949.
(Fdo.) Waldo Belmonte Pool.â€ "(Fdo.) Luis Ponce Lozada.â €" (Fdo.) C. Lácóspez Arce, Senator Secretario.â€ "(Fdo.) E. Monasterio, Senator Secretario.â€" (Fdo.) Guillermo Alvarez S., Deputy Secretario.â€ " (Fdo.) J. Crespo, Deputy Secretary.
BY TANTO: I enact it so that it has and will comply as Law of the Republic.
Government Palace, in the city of La Paz, at the four days of January of a thousand nine hundred and fifty years.
(Fdo.) MAMERTO URRIOLAGOITIA.â€" (Fdo.) Rafael Parada Sua ¡ rez.