Borrowing. - Authorize The Municipal Authorities Of Chulumani E Irupana, Float One By Bs. 8,000,000.-For Public Works In Both Locations.

Original Language Title: EMPRESTITO.— AUTORÍZASE A LAS ALCALDÍAS MUNICIPALES DE CHULUMANI E IRUPANA, FLOTAR UNO POR BS. 8.000.000.— PARA OBRAS PÚBLICAS EN AMBAS LOCALIDADES.

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law of November 14, 1948

COMPANYÂ € " AutorA-zase to the Municipal Mayors of Chulumani and Irupana, float one for Bs. 8,000,000,â €" for public works in both localities.

ENRIQUE HERTZOG G. CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

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

THE NATIONAL CONGRESS

DECCRETA:

ArtA-cull 1A ° †" Mayors are authorised Municipal of Chulumani and Irupana be jointly or individually in the part that It corresponds to floating in the Central Bank of Bolivia or another institution of credit, an undertaking up to the sum of eight million Bolivians (Bs. 8,000,000,†") , within the margin of the tax credit that the Law of 20 May 1947 agrees, to the types of interest and amortisation in use for works of public charge.

ArtA-ass 2A ° †" This item will be invested in-:

For the Chuumani Mixed Fiscal School? ????????? ... For the continuation of the works of the Eletctrica Cooperative of Sud Yungas? ??????????? For the School of SeA ± oritas of Irupana? ??????????? For Hotel de Irupana? ????. For schools or other public works of the cantons Yanacachi, Villa Aspiazu, Huancané, Chirca, Ocoobaya, Tajma, Chicaloma, Laza, Lambate, Taca and Pariguaya, according to their importance and needs? ??? ..

Bs. "" "

2.000,000,⠀ "1,000,000,⠀" 1,500,000.†"

1,500,000.â€" 2.000,000,†"

ArtA-arse 3A ° â€" Of the resources currently accumulated at the Central Bank of Bolivia by the laws of 17 April 1941, point (d); 16 December 1942 and December 4, 1947, including the future collections corresponding to the management of 1948, will be available for the following sums for the works indicated:

Eletctrica Cooperative of Sud Yungas the total of the revenue collected and to be collected in the management of the year 1948, according to law of 4 of December, 1947, amending the same as of 16 December 1942;

Variant of the water service of the capital of Irupana to the sum of five hundred thousand Bolivians (Bs. 500,000);

Schools and cantonal public works up to the sum of five hundred thousand Bolivians (Bs. 500,000);

ArtA-ass 4A ° †" The interest and amortisation service of the undertaking is guaranteed with the following resources:

The total of the beer tax for the Sud Yungas Province;

The part that corresponds to the resources created by point (h) of Article 12A of the Law of April 17, 1941.

ArtA-culo 5A ° †" The administration and investment of the previous ASA resources-as the ones from the start of the eight million Bolivians will be carried out by the mayors of Chulumani and Irupana in the part that (i) The Comptroller-General of the Republic shall designate its financial controller, with residence in Sud Yungas, for a better and more efficient verification of the investments to be made in the aforementioned works.

ArtA-ass 6A ° †" Economic management of 1949 the Mayors-to Municipal of Chulumani and the Comité Provincial of Sud Yungas will transfer, quarterly, to the Mayor-to Municipal of Irupana for its works of sewerage and the half of the resources deposited in the Central Bank of Bolivia by the Coca Customs, in compliance with the law of 4 December 1947 amending the laws of 16 December 1942 and Article 2A (d) of the Law of 17 April 1941.

Communicate to the Executive Branch for constitutional purposes.

Session of the H. National Congress.

La Paz, 4 November 1948.

M. Urriolagoitia.â € "A. Salinas LA�pez.â €" C. LAónfish Arce, S. S. †"L. Ossio Ruiz, S. S. â€" A. Quezada A., D. S. †" P. Montaà ± o, D. S.

Therefore, the

of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic of the Republic

City of La Paz, to the fourteen days of the month of November of a thousand nine hundred and forty eight years.

E. HERTZOG.†" Jos᩠Romero Loza.