law of 16 JANUARY 1934
PRA%STAMO.â€ " It is auiorized to contract it for the Sanitary works of Oruro.
CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.
For how much: the National Congress, has sanctioned the following law,
THE NATIONAL CONGRESS
ArtA-cull 1A ° .â€ "The Executive Branch is authorized to do so through Oruro Prefecture contract, in any Bank of the country, a loan in series up to the sum of six hundred thousand bolivianos.
Article 2A ° â€ "The loan shall be paid by means of amortisation in instalments that do not exceed five years with a Maximum of four per cent half-yearly.
ArtA-ass 3A ° .â€ " The product of the serial loan will be applied, precisely in the contract of sanitary facilities in buildings of the private property of the city of Oruro, within the areas served by the sewerage network.
4A ° .â€ "The works will be made with direct intervention from the technical inspection of the sewerage, and on behalf of the owners, who will be obliged to refund the amounts left, within a maximum period of five years, which is the itself for the depreciation of the serial loan, with an interest of the same four per cent
ArtA-ass 5A ° .â€ "For the security of the reimbursement of the interest payment and the payment of interest; the owners who benefit from the construction of the sanitary works will give the preferential mortgage of the favored property.
ArtA-ass 6A ° .â€ " In the event of a lack of the timely payment of the quotas stipulated in the contracts with the owners, the Treasury will turn to the tender documents, and the corresponding coactive judgment will be followed.
ArtA-ass 7A °. â€ " It is also authorized, to the Prefect of the Department of Oruro, so that in guarantee-a of the payment of the services of amortisation and interest of the serial loan, grant the following guarantees.
Delivered in favor of the creditor and for all the time that lasts the total depreciation of the loan, of the repayment quotas and the ones to be forced the owners, individually favored with the sanitary facilities.
Subsidaily, the part of the tax on the chicha created by the law of February 17, 1928, that completes the service of depreciation and loans from the serial loan.
Mortgage of the tax assets located in the City of Orero.
Communal-be to the Executive Branch, for constitutional purposes.
Meeting Room of H. National Congress.
Peace, a fifteen of January thousand nine hundred and thirty-four years.
J. L. TEHADA S.â€ " F. Tamayo.â€ "Bernardo Navajas Wheat, Senator Secretario.â €" C. Lícpez Arce; Deputy Secretary F. Leitân H., Deputy Secretary.
Therefore: the law for the law of the Republic to be held and complied with as law of the Republic.
Government Palace, 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€ "Joaquin Espada.â€" Josâ© Salinas.
J. Zarco Kramer
Senior Finance Officer.