Credit-Facultase Enlargement Of Which Authorizes The Law Of 22 October 1934

Original Language Title: CREDITO.- FACULTASE LA AMPLIACIÓN DEL QUE AUTORIZA LA LEY DE 22 DE OCTUBRE DE 1934

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LAW

CRA%DIT.†" Facultthe extension of the that authorizes the Law of October 22, 1934.

TCNL. GERMAN BUSCH,

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA,

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

THE H. NATIONAL CONVENTION

DECRETA:

ArtA-ass 1A ° .†" The Executive Branch is empowered to extend the credit authorized by law of 22 October 1934 and granted by the National Bank of Bolivia, up to a total of seven million bolivianos (Bs. 7,200 ,000.†") On the balance outstanding at the date of four million six hundred thousand Bolivians, being able to proceed to a readjustment of the type of interest of the current contract.

Article 2A ° .†"The Executive Branch will place the total of the undertaking or be (Bs. 7.200,000, € ") in another bank institution, provided that the National Bank of Bolivia is not able to carry out the credit extension, in this case, the balance of the balance to the date in favor of the indicated Bank.

ArtA-arse 3A ° .†" type of interest, in no case, will be greater than 8% (eight percent) and will have as cumulative amortisation what will result from the difference between the amount of the guarantee-to the undertaking and the service of interest

ArtA-arse 4A ° .†" the total of the enlargement, or with the available balance of the new undertaking, which will be served with all the resources indicated in the law of October 22, 1934, shall be carried out the following works: a) paving of 29 blocks; b) expansion of the water-drinking service; c) opening of parks and avenues.

ArtA-ass 5A ° .†"A Member of the Rotary Club; a staff member of the Workers ' Federation and another of the Railway Union, will reintegrate the staff of the Sanitation Board of the city of Oruro referred to in Article 4A of Law 22 of October 1934.

Communicate to the Executive Branch for constitutional purposes.

The session room of the H. National Convention.

La Paz, 30 September 1940.

R. A. Riverin.†" J. Líjerón Rodra-guez, Conventional Secretario.†" R. Jordanian, Conventional Secretary.

BY TANTO: the law for the law of the Republic to be and to comply with the law of the Republic.

Government Palace, in the city of La Paz, at six days of the month of October of a thousand nine hundred and thirty eight years.

TCN. L G. BUSCH.†" Vicente Mendoza LAñönfish.

IS COMPLIANT:

H. del Villar A.

Major Finance Officer.