Loan For Oruro. - Authorize The Bank Central, According To Previous Laws, Giving The Executive Branch One By Bs. 35,000,000.-For Works Of Sanitation And Paving Of That City.
Original Language Title: EMPRESTITO PARA ORURO.— AUTORÍZASE AL BANCO CENTRAL, DE ACUERDO A LEYES ANTERIORES, CONCEDER AL PODER EJECUTIVO UNO POR BS. 35.000.000.— PARA OBRAS DE SANEAMIENTO Y PAVIMENTACIÓN DE ESA CIUDAD.
Read the untranslated law here: http://www.gacetaoficialdebolivia.gob.bo/index.php/normas/verGratis_gob2/50065
LAW of 19 November 1948 loan for Oruro.a€ "author-used to the Central Bank, according to previous laws, giving the Executive branch one by Bs. 35.000.000. â €" for works of sanitation and Pavimentacia³n of that city.
MAMERTO URRIOLAGOITIA H. Vice President of LA Repašblica and President of the National Congress as: National Congress has enacted the following law: the National Congress DECREES: Arta-culo 1a ° â €"in compliance with the law of 5 January 1945 and Arta-culo 8a ° of the law of 20 May 1947, the Central Bank of Bolivia shall grant to the Executive branch an Empra © stito for works of improvement of the service of drinking water of the city of Oruro, and works" health and Pavimentacia³n in the same city for thirty-five million Bolivian pesos, within the La-mite of tax credits with interest rates of four percent, cumulative initial repayment of 6% and the Commission of a quarter percent annual.
2a ° â € Arta-culo "Empra © stito, always in compliance with the laws referred to in the previous Arta-culo, is invested in the following way: thirty million bolivianos per concept of cumulative contributions from the State, for drinking water works;!"
Five million bolivianos for the works of sanitation and Pavimentacia³n of the city of Oruro.
Arta-culo 3a ° â €"the service, the stito © Empra is guaranteed with resources General of the NaciÃ³n, being the Executive forced to enter in the budget for the management of 1949 in the corresponding Item of State obligations, the amount needed to meet the repayment and interest service."
Arta-culo 4a °. â €"the power Executive Reglamentara this law."
Commune-contact to the Executive for constitutional purposes.
Session of the H. Congress Hall.
La Paz, 4 November 1948.
M. Urriolagoitia.a€ "A. Salinas la³pez.a€" C. Lopez, S. S.a€ "L. Ossio Ruiz, S. S.a€" A. Quezada, D. S.a€ "P. MontaÃ±o, D. S."
Therefore, in exercise of the power conferred by the Arta-culo 79 of the Pola-tica Constitution of the State, I enacted it is and meets as a law of the Republic.
Palace of Congress, in the city of La Paz, to the ten and nine day-as of the month of November nineteen hundred forty and eight years.
M. Urriolagoitia.a€ "C. LÃ³pez Arce, Congressional Secretary â €" D. ImaÃ±a Monterrey, Congressional Secretary.
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