Works Public In Tarija.-Authorize Is To The Power Executive The Recruitment Of One Or More Loans Internal To This Object.

Original Language Title: OBRAS PÚBLICAS EN TARIJA.— AUTORÍZASE AL PODER EJECUTIVO LA CONTRATACIÓN DE UNO O MAS EMPRÉSTITOS INTERNOS PARA ESTE OBJETO.

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LAW

WORKS PASBLICAS IN TARIJA.†" AutorA-zase to the Executive Branch the contract of one or more internal procedures for this object.

TCNL. GERMAN BUSCH,

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA,

FOR HOW much: the National Convention has sanctioned the following law,

THE H. NATIONAL CONVENTION

DECRETA:

ArtA-ass " AutorA-zase to the Executive Branch to place in any of the banking institutions of the paA-s, one or several of the enterprises, up to the sum of eight million Bolivians (Bs. 8.000,000.00)

Article 2A ° .†"The period referred to in the preceding article shall be equal to the maximum of 6% per year and shall have a cumulative amortisation of 4%, and shall also be payable on a yearly basis. Arins with the surplus of resources tied to the operation.

ArtA-ass 3A ° .†"The total product of this project will be reversed in the following way:

Bs. 6.500,000.00 to the sewage and pavement works of the city of Tarija;

Bs. 500,000.00 in the establishment of a hydroelectric power plant taking advantage of the level of the new capacity of drinking water;

Bs. 1,000,000.00 for public works in the capital of provinces, at a time of 200,000.00 for each according to a plan to be drawn up by the Comitâ© which establishes the article 10 of this law.

ArtA-arse 4A ° .†" garantA-on the one-off payment of interest and amortisation, the Executive Power will affect with a first lien or mortgage in favor of the creditor or the bondholders of the undertaking the income and taxes that are detailed below:

The surcharge of Bs. 2.a € "over quintal espaà ± ol de café that interue to the department of Tarija;

The surcharge of Bs. 8.a €" per charge of coca interned to the same department;

The surcharge of Bs. 2.a € " per cesto of ajA-ieternado al same department;

The tax of Bs. 010 per bottle of chicha made or sold in the city of Tarija;

Tax of Bs. 0.20 per bottle of wine and Bs. 0.30 per bottle of alcohol to be applied to the Department;

The sum fixed of Bs. 650.000.†" annual performance of the participation assigned to the Department of Tarija on the Oil exploitation, according to the law of 15 July 1938;

The fixed sum of Bs. 100 ,000.†"annually of the performance of the corambre tax corresponding to the Municipal Council of Tarija.

ArtA-ass 5A ° .â€" A-ntegro of the resources mentioned in this law, will be deposited directly by the collecting entities, under their responsibility, in a special account that will be opened to the effect in the Central Bank of Bolivia.

The Trustee and Agent The Court of the European Court of the European Court of the need for any other authorization, the case that the products collected by the administrative authorities are not deposited in the prescribed form.

ArtA-ass 6A ° .†"They are declared free of all national tax, departmental or any other, created or to be created, both the capital and the interest of the undertaking authorized by this law, as the Bonds and coupons, in case they are issued by the Trustee for their placement in the public.

ArtA-ass 7A ° .†"The Bank that takes charge of the float of the undertaking authorized, may assume, upon acceptance, the functions of the Idicurator of the same; thus having the representation of the Tenors of Bonds and all the rights and actions that are required for the fulfillment of the Trustee.

ArtA-ass 8A ° .†"The Services of the Trustee will be paid by the Government, with a commission of one per thousand year on the amount of the original sums delivered to the account of the undertaking; with the funds coming from the collection of the resources given in garanta-a of the obligation. In addition, you will be reimbursed for all expenses incurred in respect of the management of the undertaking.

ArtA-arse 9A ° .†" In case the Central Bank of Bolivia subscribes all or part of the undertaking authorized by this law, its investment shall not be computed in the lA-limit indicated by paragraph 6o. Article 53 (c) of its OrgA law.

ArtA-culo 10.†"The technical address of the works to be executed, included in the article 2A ° of this law, will be carried out by the General Directorate of Public Works, in accordance with the legal provisions that regulate this Class of works and will be in charge of the administration and investment of a Comité presided by the Prefect of the Department of Tarija, and integrated by a Delegate of the entity that will grant the loan, another designated by the H. Council of the Tarija

ArtA-ass 11.†" repealed and modified in the relevant part all laws and administrative provisions that are in contradiction with the present.

Communal-to the Executive Branch, for constitutional purposes.

Session of the H. National Convention.

Peace, September 29, 1938.

Renato A, RiverA-n.a € " J. Líjerón Rodra-guez, Conventional Secretario.†"Augusto Guzmà ¡ n, Conventional Secretario.â€" R. Jordà ¡ n Cuentllar, Conventional Secretary.

BY TANTO, he promulgated it so that it has and complies with the law of the Republic.

Palace of Government in the city of La Paz, to the twelve days of the month of November 1938.

IS COMPLIANT:

J. B. Villar.

Major Finance Officer.