Road Santa Cruz. - Budget - L 78 Of 15 December. 1949.-Be Recognized Obligation Of The National Budget Excess Cost On The Calculated 24

Original Language Title: CAMINO COCHABAMBA-SANTA CRUZ.— PRESUPUESTO.— L. 78 DE 15 DIC. 1949.—SE RECONOCE OBLIGACIÓN DEL PRESUPUESTO NACIONAL EL EXCESO DE COSTO SOBRE EL CALCULADO DE 24

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law no 78

LAW OF 5 JANUARY 1961

VICTOR PAZ ESTENSSORO

CONSTITUTIONAL PRESIDENT OF THE REPUBLIC

As soon as the Honorable National Congress has sanctioned the following Law:

THE NATIONAL CONGRESS,

D E C R E T A:

Article 1.- The installation of a Sugar Wits in Bermejo, Arze province of the department of Tarija, with a capacity of 6,000 tons of product in a average work time of a 75 day zafra. The project of the ingenuity must allow an increase of the production in the future up to 10,000 tons of sugar, which must be reached by increase of the additional machines and partially by extension of the working time during the zafra.

Article 2.- Authorize the Executive Branch, to agree, on behalf of the department of Tarija, the purchase of the corresponding machinery with deferred payments and to contract one or more borrowings in the national or foreign banks up to a maximum limit of three million US dollars ($3,000,000.-), for payment of part or of all the following items: (a) Machinery.-(b) Transport.-(e) Assembly.-(d) Civil Works and/or.

Article 3.-For the service of redemptions and interest on the borrowings or for payments of the items referred to in the previous article plus topographic surveys, dismount, sugar cane plantations are used The following royalties on the production of hydrocarbons corresponding to the department of Tarija.

The debt consolidated by YPFB until 1958;

The one that results from the production of the Bolivian Oil Co. At 31 December 1960.

90% of those produced by YPFB, and private companies in the years 1961 and 1962.

Article 4.- Of the total of the oil royalties that correspond to the department of Tarija, it is spent ten percent during the years 1961 and 1962 for the construction and completion of the roads Pajoso.- Carapari.- Itaú (jurisdiction of the province of Gran Chaco and road Entre Ríos.- Salinas.- Chiquiaca) (jurisdiction of the province O ` Connor), whose funds will be administered by a Joint Committee of both provinces, in the form of

Article 5.- For the year 1936 this law will be modified, owing A new plan of works for the department of Tarija, making the distribution of the oil royalties, and allocating more percentage to the producing provinces.

Article 6.-The Bolivian Development Corporation will call for tender for the purchase of the machinery and will draw up the comparative table of the proposals by raising it to the Executive Branch for its final decision.

Article 7.- Likewise, the Bolivian Development Corporation is responsible for the installation and commissioning of the facility for this effect. It will be able to manage before YPFB and other oil companies the payment of the percentages of departmental royalties indicated In this law, these companies are obliged to cancel these percentages.

Article 8.- The Bolivian Development Corporation will do a topographical survey of the lands that serve the mill with sugar cane production and point out the place where it will be installed giving preference to fiscal lands or [passage] [passage from the press] The government has reversed the agrarian reform law, respecting the rights of the peasants ' endowment and settlement. They declare themselves as property of the Ingenio, up to the extent of 2,000 hectares of fiscal land or reverted to the State which may be sold or leased in whole or in part by the Ingenio in lots not greater than 50 hectares.

Article 9.- applications for land concession in Bermejo are suspended between the Bolivian Corporation of Fomento (the Bolivian Development Corporation), the selection referred to in the previous article, with the exception of the applications that are currently being processed. titles.

Article 10.-Once installed and launched the wits, the Executive branch by decree will establish its operating system for the benefit of the department of Tarija.

Article 11.- All provisions contrary to this law are repealed.

Contact the Executive Branch for Constitutional purposes.

Session of the H. National Congress. La Paz, 23 December 1960.

Fdo. Mario Torrez C., E. Ayala Mercado, Ciro Humboldt, Alberto Lavadenz, Guillermo Munoz de la Barra, Jaime Arellano Castañeda.

Therefore, it has been enacted so that it has and will comply with the Law of the Republic.

Government Palace in the city of La Paz, five days into the month of January, a thousand nine hundred and sixty-one years.

FDO. VICTOR PAZ ESTENSORO, A. Cadres Sanchez.