Law 70

Original Language Title: Ley 70

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LAW 70

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. Authorize the Municipal Mayor of the province Capinota of the department of Cochabamba, to hire a loan of 500 million Bolivians (Bs. 500,000,000.-) with the guarantee of the income with which its Municipal Treasury counts, in any institution of national or foreign credit.

Article 2. These resources will be used for the renovation of the electric motor and the expansion of the water network.

Contact the Executive Branch for constitutional purposes.

The session of the H. National Congress.

Peace, December 19, 1960.

Fdo. Ruben Julio C., President of the National Senate, E. Ayala Mercado, President of the H. Chamber of Deputies, F. Ayala Requena, Senator Secretary, Ciro Humboldt, Senator Secretary, Gmo. Muñoz de la B., Deputy Secretary, Armando Mollinedo, Deputy Secretary.

Therefore, he promulgated it so that it has and will comply as the Law of the Republic.

Government Palace in the city of La Paz, at the thirty-one day of the month of A thousand nine hundred and sixty years.

FDO. VICTOR PAZ ESTENSORO, A. Cadres Sánchez, Minister of Finance and Statistics.