University. - Was Created In The Department Of Cochabamba With Destination College "simón Bolívar".

Original Language Title: IMPUESTO UNIVERSITARIO.— SE CREA EN EL DEPARTAMENTO DE COCHABAMBA CON DESTINO A LA UNIVERSIDAD "SIMÓN BOLÍVAR".

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.

LEI OF 15 NOVEMBER

COMMUNICATION VIAS. Authorizations to the Executive to procure its construction: garantA-what you can grant.

THE EXTRAORDINARY NATIONAL ASSEMBLY

DECCRETA:

Art. 1.A ° For the purposes of article 1.A of 1a lei of October 20, 1871, the Executive Branch is authorized:

1. ° To guarantee with the lowest possible interest, not passing from eight percent, the capital invested by the companies, according to the budget accepted by the Government.

2. ° To temporarily award, or in perpetuity, the land of the State or municipal that is absolutely necessary for the construction of the road and its dependencies, legal expropriation for public utility.

3. ° As a procedure After all concession, the Government will send to practice, through two State Ingenieros, when we give, the study of the projected path, in order to know the possibility of its realization and the cost of the work.

4. Declared vijentes the bases 1st, 3rd, 4th, 5th and 6th of the article 2A °. of the above read.

5.A ° The garantA-to which it speaks the article 1 A ° case 1.A ° of this lei will only have effect since the line is delivered to the public service.

6. ° The proposals that do not require garantA-to some State, may be granted without the need of the study, which prescribes the article 2A °.

7. ° PodrA will also be granted national and municipal tax breaks and the other franchises that lead to the possession, promotion and development of this class of companies.

8. ° The Government will not be able to undertake the The construction of a road of no communication on behalf of or with state funds during the vijence of the present I read. It is also forbidden to grant subsidies and assume the burden and commitments of a contributing or capitalist partner.

Communicate to the Executive Branch for execution and fulfillment.

Session room †" Sucre, November 14, 1873.

Jenaro Palazuelos, President. †"Belisario Boeto, D. S. â€" Macedonio D. Medina, D. S.

Government House. †" Sucre, November 15, 1873.

Eject. †"

ADOLFO BALLIVIAN. â€" The Minister of Finance and Industry, Pantaleon Dalence.