November 8 law
"TRADE BANK" :â€ " Your establishment is authorized.
SEVERE FERNANDEZ ALONSO
REPAsBLICA CONSTITUTIONAL PRESIDENT
For, the National Congress has sanctioned the following law:
THE NATIONAL CONGRESS,
ArtA-culo 1A ° .â€ "You authorize the SeA ± or Emilio Benavides, The Society of the Anónínima of Capitalists that I will organize, the Establishment of a Bank of Issue, Discounts, Dependencies and Prayer, which will be the word "Bank of Commerce".
Article 2A ° .â€ "The Bank may issue banknotes, payable to the bearer and A view in legal sealed currency, in the proportion of 150% of its paid capital. The banknotes will be of the types of one, five, ten, twenty, fifty and one hundred Bolivians.
ArtA-arse 3A ° .â€ "The capital of the Bank is set at five hundred thousand bolivianos that will be constituted in legal currency of the last silver bars Aº
legal domicile of the Bank will be the city of Oruro, with the power to establish branches in La Paz, Cochabamba and Santa Cruz, and the city of Oruro. Legislative authorization, in other commercial centers of the Republic.
ArtA-culo 5A ° .â€ "The Bank of Commerce, is subject to the laws, taxes and privileges that govern the matter and to what is established in advance by the Legislature, without place to any claim.
ArtA-ass 6A ° .â€"The term of the present Twenty years after the promulgation of this law, it may be extended by another Aº other perA-odos according to the laws and statutes of the case.
Communicate to the Executive Branch for the constitutional purposes.
Session Room of the H. National Congress.
Sucre, November 7, 1898.
RAFAEL PEA ' A.
JOSÉ MARA • A LINARES
Manuel O. JofrA©, (hijo.) â€ " S. S.
MeleA Trifân, â€ " D. S.
Bernardo RaÃ ± a Trigo, â€ " D. S.
Therefore,, has enacted it so that it has and will comply with the law of the Republic.
Government House, in Sucre, November 8, 1898.
SEVERE F. ALONSO
J. E. Herrero.