Loan To Potosi. - Dispónelos Is The Continuation Of The Collection Of Funds Created By D. S. Of October 20, 1937, To Cover It, Destined For Public Works Department.

Original Language Title: EMPRESTITO PARA POTOSI.— DISPÓNESE LA CONTINUIDAD DEL RECAUDO DE FONDOS CREADOS POR D. S. DE 20 DE OCTUBRE DE 1937, PARA CUBRIRLO, CON DESTINO A OBRAS PÚBLICAS EN EL DEPARTAMENTO.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.

law of November 22, 1948

ENTERPRISE FOR POTOSI.†" Dispnese the continuity of the collection of funds created by D. S. of October 20, 1937, to cover it, destined for public works in the Department.

ENRIQUE HERTZOG G.

CONSTITUTIONAL PRESIDENT OF THE REPASLICA

For how much: the National Congress has sanctioned the following Law:

THE NATIONAL CONGRESS

DECCRETA:

ArtA-ass 1A ° †" The resources created by Supreme Decree of 20 October 1937 for the service of the "Emprósticto Works PAºblas PotosA-1938", which for successive enlargements reached the sum of TWENTY-FOUR MILLION BOLIVIANS (Bs. 24.000,000,†") , an undertaking which has been paid in 24 February of this year, will continue to collect by empire of this law, in the same way as that established by the article 80 of the indicated Decree and deposited in the Central Bank of Bolivia †" Agency Pot-a†"in special account that will be opened to the effect.

ArtA-arse 2A ° â€" Such resources will be invested in the form that follows:

The sum of SIX MILLION TWO HUNDRED AND FIFTY-SEVEN THOUSAND BOLIVIANS (Bs. 6.257.000.â€) for the different services of the Departmental Budget of PotosA-, in quality of annual ordinary resource.

The balance in the proportion of 55% for the service of the undertaking authorized by law of 20 November 1945, for the collection The remaining 45% will be distributed equally, for public works, among all the provinces of the Department, and the Treasury will be required to reimburse the respective provincial subcomibles for their monthly payment.

ArtA-ass 3A ° †" From collections made since February of the In accordance with the Decree cited in Article 1A of this Law, the sum of SIX MILLION THOUSAND BOLIVIANS (Bs) was set aside. 6,400,000.†") I HAD TWO HUNDRED THOUSAND BOLIVIANS (Bs. 2.600,000.â€) , of the performance referred to items 24 (a) and 112 of the budget of revenues and expenditures, respectively, of the Department of PotosA-, management 1948, up to the sum of NINE MILLION BOLIVIANS (Bs. 9.000.000), to cover the deficits thrown by the Departmental Budget during the steps of 1946 and 1947, owing to those resources paid to the provinces the overdue quotas that are owed to them. Covered as these requirements will be given strict compliance with the

determined in the previous Art.

ArtA-ass 4A ° †" The decrees of October 20, 1937, concerning the" Emprêtstito Works PAºblas PotosA -- 1938 " are without effect in all that is in contradiction with this law and the marked with numbers 646 of 5 December 1946 and 1285 of 29 July of the year in progress. Similarly, point (b) of Article 4A of the Law of 20 November 1945.

Communicate to the Executive Branch for constitutional purposes.

Session of the H. National Congress.

La Paz, November 17, 1948.

M. Urriolagoitia.â € "A. LandA-var Ribera.â €" C. LAónfish Arce, .S S †"O. áridez-rrez, S. S. â€" A. Quezada A., D. S. †" P. Montaà ± o, D. S.

Therefore, it is enacted to have and comply with the Law of the Republic,

Government Palace, in The city of La Paz, at the twenty-day of the month of November of a thousand nine hundred and forty-eight years.

E. HERTZOG.†" Jos᩠Romero Loza.