Bank Central - Amending Its Law.

Original Language Title: BANCO CENTRAL.—SE MODIFICA SU LEY ORGÁNICA.

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.

law of 16 JANUARY 1934

BANCO CENTRAL.†"Your orgA law is modified.

DANIEL SALAMANCA

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For how much: the National Congress has sanctioned the following law:

THE NATIONAL CONGRESS

DECRETA:

ArtA-ass 1A ° †"The law of the Central Bank of Bolivia is amended, in the following terms: The obligations of the municipalities of the Republic, with the Central Bank of Bolivia, will not have the limit that the law of this Bank, be it for companies, corporations or other entities. The Board of the Central Bank, with the affirmative vote of at least six Directors, may lend, grant or grant loans to the municipalities with special guarantees of their income up to a maximum of three times the amount of their income. Ordinary income of a year is calculated according to the average of the actual income of the actual income in the last three years.

ArtA-arse 2A ° †"The commercial banks, may carry out credit operations with the municipalities, in the proportion established in the previous article.

Communicate to the Executive Branch, for the constitutional purposes.

Meeting room of the H. National Congress.

Peace, a fifteen of January thousand nine hundred and thirty four years.

J.L. Tejada S.†" F. Tamayo.†"Bernardo Navajas Trigo., Senator Secretario.â€" C. López Arce., Member of the Secretary.†" F. Leiton H., Deputy Secretary.

Therefore: the Law of Law of the Republic of the Republic.

Palace of Government, in the city of La Paz, at ten and six days of the month of January of a thousand nine hundred and thirty-four years.

D. SALAMANCA.â € "Jn. Sword.

IS COMPLIANT:

J. Zarco Kramer,

Senior Finance Officer.