Trinidad. Works Public. - L. No. 33 Of 15 Nov. 1949. - Ele Va L. R. S. 31826 22 January 1949, About 500,000 Loans. - Bs For Electrical Services - Ref: L. 11 Dec. 1944

Original Language Title: TRINIDAD. OBRAS PÚBLICAS.—L. Nº 33 DE 15 NOV. 1949.—ELE VA A L. LA R. S. 31826 DE 22 ENERO 1949, SOBRE PRÉSTAMOS DE 500.000.— BS PARA SERVICIOS ELÉCTRICOS.— REF: L. 11 DIC. 1944

Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/51392

Law N ° 33 VICTOR PAZ ESTENSSORO constitutional the President because, the Honorable National Congress has sanctioned the following law: the National Congress, D E C R E T A: article 1. It dispónelos is the installation of a sugar mill in Bermejo, Arce province in the Tarija Department, with a capacity of 6,000 tonnes of product in an average time of a harvest of 75 days. He project of the wit should allow an increase of the production in the future until of 10,000 tons of sugar that must reach is by increase of them machines additional and partially by extension of the time of work during the harvest.
Article 2. Authorized the Executive Branch to agree, on behalf of the Department of Tarija, the purchase of the corresponding machinery with deferred payment and contract one or more loans in the national and foreign banks up to a maximum of three million dollars ($us. 3.000.000.-) for payment of part or all of the following items: a) machinery b) transport c) civil works and/or d) Assembly article 3. For the service of amortization e interests of them borrowing or for payments of them products to is concerns the article previous more uprisings topographic, disassemble and plantations of cane of sugar is intended them following royalties on the production of hydrocarbons corresponding to the Department of Tarija: the debt consolidated of YPFB. until 1958, resulting from the production of the Bolivian Oil Co. to the 31 of December 1960 one hundred percent that produce YPFB. and the private companies in the years 1961 and 1962.
The percentage that needed these same royalty from the year 1963, inclusive.
Article 4. The Corporación Boliviana de Fomento will call tender for the purchase of machinery and provide the comparative table of proposals raising to the Executive Branch for its final decision.
Article 5. The Bolivian Development Corporation is also responsible for the installation and start up wit; for this purpose you can manage to YPFB and other companies referred to in this law, leaving these companies forced to cancel these percentages.
Article 6. The Bolivian Development Corporation will make a topographic survey of the lands where they serve wit with production of sugar cane and pointed out the place where it will be installed, giving preference to land tax or reverted to the State by the Agrarian Reform Act respecting the right of allocation and settlement of peasants. Declared property of wit to the extent of 2,000 hectares of land tax or reverted to the State, which may be sold or leased in whole or in part by the ingenuity in batches no larger than 50 hectares.
Article 7. All applications for grant of lands are suspended in Bermejo, meanwhile the Bolivian Development Corporation make the selection referred to in the previous article, with the exception of requests that are pending of titles.
Article 8. Once installed and launched the wit, the Executive power, by Decree, established its regime of exploitation for the benefit of the Department of Tarija.
Communicate to the Executive Branch for constitutional purposes.
Session of the H. Congress Hall.
Peace, on November 14, 1960.

FDO. Gualberto Olmos, President of the National Senate H. Egberto Ergueta Q, President of the H. Chamber of Deputies, Ciro Humboldt, Senator Secretary, Alberto Lavadenz, Senator Secretary, Hernán Medeiros, Deputy Secretary, Armando Mollinedo, Deputy Secretary.
I therefore enacted it is and meets as a law of the Republic.
Government Palace in the city of La Paz, to the ten-eight days of the month of November in thousand nine hundred and sixty years.
FDO. VICTOR PAZ ESTENSSORO, a. Sánchez pictures, Minister of finance and statistics, A. Gumucio R. Minister of economy Nl.