Bank Organic Law Central. - Repealing The Articles That Is Indicate And Stays Subsection I) 51 Article.

Original Language Title: LEY ORGANICA DEL BANCO CENTRAL.— SE DEROGAN LOS ARTÍCULOS QUE SE INDICAN Y SE MANTIENE EL INCISO I) DEL ART. 51.

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law of December 4, 1947

CENTRAL BANK ORGANIC LAW.†" The items listed and maintained in item (i) of the art are repealed. 51.

ENRIQUE HERTZOG G.

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

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

THE H. NATIONAL CONGRESS

DECCRETA:

Single-ass.†" Articles 1o are repealed. of the Law of 18 September 1947 and 4. of the Law of 20 May of the present year, keeping in accordance with Article 51 (i) of the Law of the Central Bank, in the following terms: " To advance the Supreme Government up to 20% (twenty percent) of the revenue-item of the Central Bank.

The article 52 will be " With reference to the advance made to the government, equivalent to 20% (twenty percent) of its assumed income, etc.

73 of the same law is worded in the following terms: "............ except for the advance of 20% (twenty percent) of the Revenue Budget referred to in Article 51 (i))".

The Executive Branch for constitutional purposes.

Session of the H. National Congress.

La Paz, 17 November 1947.

M. Urriolagoitia, LandA-var Ribera.â € " C. Líparpez Arce, Senator Secretario.†" A. Sarti, Senator Secretario.†" P. MontaA ± o, Diputado Secretario.†" A. Camacho Pásírcel, Deputy Secretary

BY TANTO: I enact it so that it has and will comply as Law of the Republic.

Government Palace, in the city of La Paz, at the four dA-as of December of a thousand nine hundred and forty-seven years.

E. HERTZOG.†" C. Guachalla.