Railways. - Authorize Bank Loans For Various Material.

Original Language Title: FERROCARRILES.—AUTORÍZASE PRÉSTAMOS BANCARIOS PARA MATERIAL DE VARIOS.

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law of January 9, 1934

FERROCARRILEN.†"AutorA-zase bank loans for miscellaneous material.

DANIEL SALAMANCA

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA.

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

THE NATIONAL CONGRESS

DECCRETA:

ArtA-culo 1A ° †" AutorA-zase to the Executive Branch to contract with the National Bank of Bolivia or another institution of credit, up to the sum of Bs. 200,000 at the rate of six percent annual interest, destined exclusively for the purchase of self-railroads and light material for the state railways La Paz-Yungas, PotosA -- Sucre and Cochabamba-Santa Cruz.

ArtA-arse 2A ° †"These loans (a) to be subscribed by the administrations of the respective railways and to be reimbursed once resources of importance are obtained for this purpose and, in the meantime, their service will be fed with the gross entries of the lA-lines in the ratio that is agreed in each case.

ArtA-ass 3A ° †"For the purpose of the loans, the limitations referred to in Articles 140 of the General Law of Banks of 11 July 1928 and 53A ° of the the law of 20 July of the same year.

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

Session of the H. National Congress.

Peace, to seven of January of a thousand nine hundred and thirty-four years.

J. L. Tejada S.†" F. Tamayo.

B. Navajas Trijo, Senator Secretary.

C. Lânpez Arce, Deputy Secretary.

F. Leitón H., Deputy Secretary.

Therefore: I enact it so that it has and will comply with the law of the Republic.

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

D. SALAMANCA.†"Jn. Espada.†" José Salinas,

IS COMPLIANT:

Jorge Zarco Kramer,

Chief Financial Officer.