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Law 12-11-1938

Original Language Title: Ley 12-11-1938

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LAW

EXPLOIT "N OF A HOTEL.â€" AutorA-zase the Executive to subscribe to a contract with the people interested in the exploitation of this business, using the building constructed on 16th Avenue July.

TECHNICAL MANAGER GERMAN BUSCH.

PRESIDENT CONSTITUTIONALDE LA REPASBLICA,

FOR HOW much the H. Convention Nasional has sanctioned the following law:

THE H. NATIONAL CONVENTION

DECCRETA:

ArtA-cull l ° †" AtuorA-zase to the Executive Branch to sign a contract with the people who are responsible for exploiting the hotel business in the building built to the effect on Avenida 16 de Julio and streets Ma©xico and Ladislao Cabrera, provided they are committed to provide a minimum capital of five million pesos for Bolivian pesos, destined for the exploitation of business, out of their own already spent in building the building, estimated at ten million Bolivian pesos.

ArtA-Aculo 2A ° .†" The contract signed by the Executive Branch, will provide facilities in favor of the In the case of a person who is a member of the company, he or she is entitled to the right to be a member of the business. technical and administrative personnel, as well as the sets of expectations to be brought from the

AriA-ass 3A ° .†" The Ministry of Trade and Industry will establish the necessary control to prevent the protection of these franchises and concessions from being carried out. Speculation outside the hotel's exclusive exploitation.

ArtA-arse 4A ° .†"The concessions granted in this law will have a general character for all the hotels of the first category-to be established in the other cities The Republic of the Republic with a cost higher than a million Bolivians.

Executive for Constitutional Purposes

Meeting Room of the H. National Convention.

La Paz, October 29, 1938.

Renato A. RverA-n.a € " J. Lijerón R.†" A. Landiva Z., Conventional Secretaries.

Government Palace of the city of La Paz, at 1 dA-as of November 1938.

TCNL. G. BUSCH.†" V. Mendoza LAñönfish.

IS COMPLIANT:

H. del Villar A.

Major Finance Officer.