City Council Of Tarija. - Are You Authorized To Place A Loan Aimed At Widening Works And Opening Of Streets In The Capital

Original Language Title: CONCEJO MUNICIPAL DE TARIJA.— SE LE AUTORIZA PARA COLOCAR UN EMPRÉSTITO DESTINADO A LOS TRABAJOS DE ENSANCHE Y APERTURA DE CALLES EN LA CAPITAL

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law of October 13, 1933

MUNICIPAL COUNCIL OF TARIJA.†" You are authorized to place an undertaking intended for the work of widening and opening of streets in the capital

DANIEL SALAMANCA

CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.

FOR HOW much the National Congress has sanctioned the following law:

THE NATIONAL CONGRESS

DECCRETA:

ArtA-arse 1A ° .†"The Tarija Municipal Council is authorized to hire an undertaking by the sum of sixty thousand Bolivians, through the issuance of Bonds of Bs. 100.00 each, for the widening and opening of several streets of the city.

Article 2A ° .†"The Bonds will be issued with the interest of 7 and ½ percent annually and will have the amortisation of Bs. 1,500.00 per quarter due, by means of draws.

ArtA-arse 3A ° .†"The issuance of Bonds is guaranteed with the income, by way of municipal taxes, of the market of the city of Tarija. In the Municipal Budget of each management will be fixed the corresponding item for the payment of interest and amortisation of the capital until the complete cancellation of the undertaking.

ArtA-arse 4A ° .†"The Municipal Treasury debtors may pay their laggard obligations, with the indicated bonds at par.

ArtA-ass 5A ° .â€"The collection and investment of these funds will be exclusively in charge of the municipality.

Communicate to the Executive Branch, for constitutional purposes.

Session of the H. National Congress.

Peace, to thirteen of October of a thousand nine hundred and thirty-three years.

J. L. Tejada S.†" F. Tamayo.†" B. Navajas Wheat, Senator Secretario.†" C. Líparpez Arce, Deputy Secretary. †" M. Calderón B, Deputy Secretary.

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

Palace of Government, in the city of La Paz, at ten and seven days of the month October of a thousand nine hundred and thirty-three years.

D. SALAMANCA.†" Jn. Sword.

IS COMPLIANT:

A. Vera Alvarez,

Senior Finance Officer.