July 24, 1948 law
DEFENSIVE IN THE POCOATA RIVER. â€ " For its construction, autorA-zase to the Central Bank of Bolivia to grant the Municipality of Arani an undertaking of Bs. 1,000,000,â €"
MAMERTO URRIOLAGOITIA H.
VICE PRESIDENT OF THE REPUBLIC AND PRESIDENT
OF THE NATIONAL CONGRESS
As to: the H. National Congress has sanctioned the following Law:
THE H. NATIONAL CONGRESS
ArtA-arse 1A ° â€ " According to the tax credit margin Authorized by Law of 20 May 1947, the Central Bank of Bolivia is empowered To grant to the Municipality of Arani and to it to obtain an undertaking in the Central Bank of Bolivia, of a million Bolivians (Bs. 1,000,000,â€ ") , for the construction of defensive in the RA-or Pocoata
Article 2A ° â€ " The interest that will be paid by the Municipality will be four percent (4%) year-on-year and the depreciation will also be four percent (4%) year-on-year. For the payment of interest and amortisation the following resources:
80% of the collected by concept of the cadastral increase, recognized by Law of October 25, 1944.
The total of the performance of the Municipal Tax on the corambre of the indicated locality.
ArtA-Aculo 3A ° â€ " The Government of the Nédía will allocate in the General Budget of each year, from 1948 inclusive, the annual sum of Two hundred thousand Bolivians (Bs. EUR 200,000.â€) , for five years, with a defensive destination in the capital Arani.
ArtA-culo 4A ° â€ " The land that is won on the beach of the RA-or Pocoata is declared as municipal property.
The meeting room of the H. National Congress.
La Paz, November 17, 1947.
M. Urriolagoitia.â € "A. LandA-var Ribera.â €" A. Sarti, Senator Secretario.â€ "P. Saucedo Barbery, Senator Secretario.â€" P. MontaÃ ± o, Diputado Secretario.â€ " A. Camacho PAULRcel, Deputy Secretary.
Therefore: in exercise of the conferred faculty Article 79 of the Constitution of the State, promulgated it so that it has and will comply as Law of the Republic.
Palace of the National Congress, in the city of La Paz, to the twenty-four days of the month of July of a thousand nine hundred Forty-eight years.
M. URRIOLAGOITIA.â € " M. Mogro Moreno, Congreso Secretario.â€" A. Camacho Pásírcel, Congreso Secretario.