Paving And Drinking Water Of Cochabamba. - Authorized The Prefecture Of The Department To Place A Loan Of $3.000,000.-, Destined To Work.

Original Language Title: PAVIMENTACIÓN Y AGUAS POTABLES DE COCHABAMBA.—SE AUTORIZA LA PREFECTURA DEL DEPARTAMENTO PARA COLOCAR UN EMPRÉSTITO DE $ 3.000,000.—, DESTINADO A LOS TRABAJOS.

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.

LAW

PAVEMENTS "N AND DRINKING WATERS OF COCHABAMBA.⠀"The Department's Prefecture is authorized to place a $3,000 ,000.†" undertaking, intended for work.

DANIEL SALAMANCA

REPAsBLICA ' S CONSTITUTIONAL PRESIDENT

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

THE NATIONAL CONGRESS,

DECCRETA:

ArtA-arse 1A ° †" Prefecture of Cochabamba so that according to the Comité Pro-Cochabamba, it can hire a He undertook up to three million bolivianos, putting in part in execution the paragraph 5.A of the law of July 14, 1928, for the following purposes:

a) For the early redemption of the Bonuses of the undertaking of July 25, 1927, for water captation and paving of Cochabamba? ??? .. ???? .. ???? .. ???? .. ?? ..

Bs. 800 ,000.†"

b) For the paving of city streets and other storm drains? ???? .. ???? .. ???? .. ????.

? 2 :200 ,000 .â € "

Total? ??? .. ?????? .. Bs. 3.000,000,â € "

ArtA-ass 2A ° â€"They are intended for the service of amortisation and interest of this undertaking, the following returns of the Departmental cter:

The muko tax in the quotas corresponding to the (c) and (e) of the distribution that makes the law of January 18, 1927, leaving in such modified form the respective law.

The entire indirect inheritance tax.

30% of Cochabamba's territorial contribution.

The city of Cochabamba's road loan.

LA-liquid performance of the

Article 3A ° †"The type of interest will not pass from 8% nor will it decrease the 2% cumulative amortisation, and extraordinary redemptions can be made and the bank commission of the trustee.

ArtA-ass 4A ° †"Eximiated from national taxes, departmental and municipal contracts, works, and investments and income that produce the bonds of the previous undertaking.

ArtA-culo 5A ° †"It is released from customs duties on the inter-nation of caA ± erA-a, machinery, accessories and materials that must be internalized, and is granted a reduction of 50% in its transport.

ArtA-culo 6.A °â€" the necessity and utility for the purposes of expropriating the sites and properties that are necessary for the works of pavements of the city of Cochabamba.

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

Session of the National Congress.

La Paz, November 27, 1931.

J. L. Tejada S. †" G. RA-os Bridoux.†"Gabriel Palenque, Senator Secretario.â€" Humberto Ducháñó, Deputy Secretary. â € " Fernando Lólípez, Deputy Secretary.

Therefore, he promulgated it so that it has and complies with the law of the Republic.

Government Palace in the city of La Paz, to the three days of December of a thousand nine hundred and thirty and a year.

DANIEL SALAMANCA. †" D. Canelas.

IS COMPLIANT:

OR. Paz Estenssoro.

Senior Finance Officer.