Loan-Authorizes The Placement By $ 25,000,000 And Sets The Resources To Serve Interests And Amortization.

Original Language Title: EMPRESTITO.- AUTORIZA LA COLOCACIÓN POR $ 25,000,000 Y FIJA LOS RECURSOS PARA EL SERVICIO DE INTERESES Y AMORTIZACIÓN.

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LAW

EMPRA%STITO. †"Authorizes the placement for $25,000,000 and fixes the resources for the service of interest and amortisation.

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 Executive Branch is authorized to hire a new undertaking, until the sum of twenty-five million Bolivians (Bs. 25,000,000. †") , at the same rates of interest and amortisation as set out in the law of September 6, or in progress.

ArtA-Aculo 2A ° †"The product of this undertaking will be destined to fill the obligations of the National Treasury.

ArtA-ass 3A ° †" For the corresponding interest and amortisation services, for a period equal to, in its lifetime, the taxes laid down by the law of 6 September last.

(a) the same services shall be provided for the taxes and resources to be created within the present legislature.

Article 4A ° †"It should be entered, obligatorily in the budget of administrative expenses of each annual period, and until the total cancellation of the authorized undertaking, the items destined to the payment of the aforementioned services.

ArtA-ass 5A ° †"As a portion of the resources from the legal undertaking authorized by the law of 6 September last, it has been used in the attention of the ordinary services of the administration, it is determined and clarifies that, taxes created on the object of redaction and service, asA-of which you are authorized

ArtA-ass 6A ° †"The Central Bank of Bolivia is also authorized to finance this new venture, as a trustee or within its own resources, For the purpose of which the restriction referred to in point (e) is not considered, only 6 of the Article 53A of its OrgA Act.

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

Meeting room of H. National Congress.

La Paz, November 19, 1932.

José Salinas. †" E. Gonzà ¡ lez Duarte. R, Justinian. S. S. †" M. Sawn. Basin. Mr S. Celso Castedo. D. S.

BY 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 the twenty-last days of November of a thousand nine hundred and thirty-two years.

D. SALAMANCA. †"Rafael de Ugarte.

COMPLIANT;

Major Finance Officer.