Oil-Modify Items 1° And 2° Of The Law Of 31 December 1929

Original Language Title: PETROLEO.- MODIFICANSE LOS ARTICULOS 1° Y 2° DE LA LEY DE 31 DE DICIEMBRE DE 1929

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LAW

PETRA "LEO.â€" Modifies items 1A ° and 2A ° of the Law of December 31, 1929.

TCNL. GERMAN BUSCH,

CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.

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

THE H. NATIONAL GRANT.

DECRETA:

ArtA-ass 1A ° .†" ModifA-case the first and second items of the Law of December 31, 1929 in the following form;

ArtA-ass 2A ° â€"FA-jase the eleven percent of the gross product The oil of each department, as income in favor of the treasures of the districts producing such hydrocarbon.

ArtA-arse 3A ° .†" The funds from that percentage, will be deposited in the departmental treasures semestrally by the companies or operating tax entities, and under their immediate responsibility.

ArtA-ass 4A ° .†"It will continue in force for the purposes of the aforementioned law in all that is not counter-or to the present.

Communal-to the Executive Branch, for the constitutional purposes.

Meeting Room of the H. National Convention.

La Paz, 5 July 1938.

Renato RiverA-n.a € " R. Jorda n Cuellar, Conventional Secretario.†" Unreadable Signature, Conventional Secretary.

BY TANT: promulgated it so that it is and will comply with the law of the Republic.

Palace of Government in the city of La Paz, at the 15th day of July, 1938.

G. BUSCH.A € "D. Foianini.

IS COMPLIANT:

Luis E. Saga rnaga.

Chief of Min.y Pet.