November 21 law
BANCOS.â€ " Issue of tickets from A Bolivian authorized to the bank ArgandoA ±; amount of this issue in the three banks: the fine is raised to the tickets matches.
CONSTITUTIONAL PRESIDENT OF THE REPUBLIC
FOR HOW much, the national congress has sanctioned the following law:
THE NATIONAL CONGRESS,
ArtA-article 1.A ° The bank Francisco ArgandoA ± a in the faculty of issuing to the circulation banknotes of the cut of a According to the proviso of article 9 A of the Law of December 1.A, 1891, granted to the National Banks and PotosA [National Banks].
Article 2.At the same time the amount of issuance of lower court bills for the three banks, at present exercise, will not be greater than fifty percent of its effective capital.
ArtA-ass 3.A ° The bell is raised to five cents, which as a fine, will adhere to each fraction of the ticket, according to the law of October 22, 1892. This penalty will be grating from the 1st of January 1894.
ArtA-ass 4.A ° The article 3.A of the law mentioned in the previous article is repealed.
ArtA-ass 5.A ° The executive will regulate this law, granting banks prudential deadlines for the collection of their surplus emissions.
Communicate to the executive branch for constitutional purposes.
of the National Congress. " La Paz, 18 November 1893.
Severo F. Alonso.
Josá© Vicente Ochoa.
Antonio Modesto VAicós squez, S. Secretary.
Casto Roma ¡ n, D. Secretary.
L. Wheat, D. Secretary.
BY TANTO, I enact it so that it has and will comply with the law of the republic.
Palace of government in La Paz, the twenty-one dA-as of the month of November of one thousand eight hundred and ninety-three.