YUNGAS VIALITY. â€ "The Executive will authorize an extension of the set up, up to $550,000. â€ ", destined for the work of several paths.
CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.
FOR HOW much the National Congress has sanctioned the following law:
THE NATIONAL CONGRESS
ArtA-arse 1A ° â€ "The Executive Branch, will authorize the Prefecture of the Department of Peace, and to the Society of the Owners of Yungas, to obtain an extension of the contract of the company, according to law of 6 June 1931 and a contract of trustee with the Central Bank of Bolivia of July 30 of the same year. The aforementioned extension will be agreed upon at the same rate of interest, amortisation and other main contract conditions, up to the sum of five hundred and fifty thousand Bolivians (Bs. 550,000. â€ ").
ArtA-ass 2A ° â€ "The product of this extension of time will be allocated for the following purposes:
a) Bolivianos three hundred thousand (Bs. 300,000. â€ ") For the conclusion of the path adaptable to road of Chuspipata to Coroico by Sacramento.
b) Bolivianos hundred thousand (Bs. 100,000. â€ ") for the adaptation of the path of horseshoe to the traffic of rhodice, from the bridge of the Villa or its immediate vicinity to Coripata.
ArtA-arse 3A ° â€ " The service of interest and amortisation of this additional undertaking, will be made with the follow resources:
a) With the kilage tax referred to in the law of June 13, 1931.
b) With the proceeds of the taxes of alcohols and spirits that occur in the province of Nor Yungas;
c) With the taxes accrued by The Bolivian Enterprise Limited, and those that this same company must pay by concept of tax land tax of Nor Yungas.
ArtA-ass 4A ° â€ "Whenever the undertaking that is achieved does not reach the sum indicated in the article 1A °, the one that becomes effective will be distributed in proportion to the sums indicated in the Article 2A °.
ArtA-ass 5A ° â€ "The funds resulting from surplus by concept of any of the works in the article 2A ° of this law shall be intended, in half, in the widening of the road between Chuspipata to Coroico to the traffic of
Communal-be to the Executive Branch, for the constitutional purposes.
Session of the H. National Congress.
Peace, two of May of a thousand nine hundred and twenty-two years.
Pla Cido SA.nchez. â€ " Just Avila.
Gabriel Palenque, Senator Secretary. â€ " Julio CA©sar Canelas, Deputy Secretary. â€ " Fernando LAólpez, Deputy Secretary,
FOR TANTO: the law for the law of the Republic to be and to be complied with.
Government Palace, in the city of La Paz, at the five days of May of a thousand nine hundred and thirty-two (a)
D. SALAMANCA. â€ "G. Berrios.