Law 13-06-1931

Original Language Title: Ley 13-06-1931

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

COMPANIES € "AutorA-zase the placement of $3,000.000â€", to boost the viality of the East, earmarking the income of the tax on alcohols and spirits of the department of Santa Cruz for the service.

DANIEL SALAMANCA

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA

For, the National Congress has sanctioned the following law:

THE NATIONAL CONGRESS,

DECCRETA:

ArtA-ass 1A ° †"The income from the duty on alcohol spirits Department of Santa Cruz, from the economic management of the year 1932, will be allocated to the financing of an external or internal undertaking of three million Bolivians, or its equivalent, with the maximum interest of nine percent and the

ArtA-ass 2A ° †"

investment of the product of this undertaking, will be destined exclusively to the viality of the East, in the following form:

works of the road road Pampa Grande-Santa Cruz;

Ensanche and adaptation to road Buena Vista road to Pampa Grande;

Road to Santa Cruz road to Yacuiba:

Portacuelo Road to Red Port;

Road to the Mataral Road (El Palo) to Vallegrande;

Vallerande to Lagunillas Road Road;

Santa Road Road Cruz-Conception San Miguel-San Ignacio.

ArtA-arse 3A ° †"The Executive Branch is authorized to subscribe to the trust contracts, bond issuance and all current use documents for this purpose, and are declared free of all national, departmental or municipal tax, to the general income without any exclusive, the bonds, coupons, interests, writes, corresponding to this operation, asA-as authorized by the fixing of exchange rates and all necessary expenses for the service of the bonds or the respective contract.

Article 4A ° †"If not is financed this operation, the funds destined to serve it will be applied exclusively to the mentioned road works, to whose effect the Compaà ± A-to the National Recaudadora, will deposit in special account in the Central Bank of Bolivia agency in Santa Cross, which I will raise for such a concept, from the economic management of the year 1932.

ArtA-culo 5A ° †"A Comité Pro-Works of Santa Cruz, composed of the Prefect of the Department, the President of the City Council and the Chamber of Commerce, will take care of the strict deposit of these funds, as from their correct investment in the works indicated.

ArtA-ass 6A ° †"The provisions laid down in the Decree of 15 December 1925, raised to the category of law by the 27 January 1926, concerning the responsibilities, which are extended to the CompaA ± A-a National Recaudadora for any fails to make the deposit of these funds in the special account mentioned.

Communicate to the Executive Branch, for constitutional purposes.

Session of the National Congress.

Peace, June 6, 1931.

J. L. Tejada S. †"Franz Tamayo.

Josá© Salinas, S. S. ad hoc.â€" Ed. Zapčovič LizA ¡ rraga, D. S.

J. Ml. de la Quintana, D. S.

Therefore, it was enacted so that it has and will comply with the law of the Republic.

Government Palace, in the city of La Paz, at the thirteenth day of June of a thousand nine hundred and thirty years.

DANIEL SALAMANCA.†" D. Canelas.

IS COMPLIANT:

Estenssoro,

Major Finance Officer.