National Budget. -To Cover The Deficit Of The 1932 Fiscal Year, Authorizes The Placement Of A Loan Executive Inner By $3.000,000. —.

Original Language Title: PRESUPUESTO NACIONAL. —PARA CUBRIR EL DÉFICIT DEL EJERCICIO FISCAL DE 1932, SE AUTORIZA AL EJECUTIVO LA COLOCACIÓN DE UN EMPRÉSTITO INTERNO POR $ 3.000,000. —.

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LAW

NATIONAL BUDGET. †"To cover the deficit of the fiscal year 1932, the Executive is authorized to place an internal undertaking for $3,000,000. †".

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 contract a bank The sum of ten million bolivianos (Bs. 10 000,000. †") (a) to be used exclusively to cover the deficit of the National Budget for the present fiscal year 1932.

ArtA-arse 2A ° †"The Central Bank of Bolivia is authorized to cover the credit of Bs. 10,000,000. †" referred to in the preceding article, regardless of the loans granted to date. To this effect, paragraph 6 e) of Article 53 of the Law of the Central Bank is declared in abeyance.

Article 3A ° †"The Executive Branch, in agreement with the Central Bank, will determine the form, term, guarantee, type of depreciation, interest rate and modalities of this credit.

Communicate to the Executive Branch for constitutional purposes.

The session of the National Senate.

La Paz, March 28, 1932.

J. L. Tejada S. †" E. Gonzà ¡ lez Duarte.

Gabriel Palenque, S.S. †"Fernando LAónpez, D, S. â€" Humberto Duchñén, D. S.

BY TANTO: 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, The thirty days of the month of March of a thousand nine hundred and thirty-two years.

D. SALAMANCA. †"G. BerrA-os.

IS COMPLIANT:

Major Finance Officer.