Tax Letters Mortgage. - Its Establishment; Way To Collect It.

Original Language Title: IMPUESTO SOBRE LAS LETRAS HIPOTECARIAS.—SU ESTABLECIMIENTO; MANERA DE COBRARLO.

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October 26 law

Tax on mortgage.†"Your establishment; way to charge it.

ANICETO ARCE,

CONSTITUTIONAL PRESIDENT OF THE REPUBLIC

For the National congress has sanctioned the following law:

THE NATIONAL CONGRESS,

DECCRETA:

ArtA-ass 1.A ° to € "A 4% tax is voted on, on the annual income that mortgage bills produce.

Art. 2.A ° †"The mortgage banks upon paying the interest to the holders, will retain the value of this tax by giving it to the national bank to the supreme government.

Art. 3.A to € "The executive officer shall regulate this law, so that the tax shall be made effective from 1 January 1891.

Art. 4.A ° †"The laws contrary to the present, are repealed.

Communicate to the executive branch for its promulgation.

Chamber of sessions of the national congress, in La Paz, A twenty-five October of a thousand eight hundred and ninety.

SERAPIO RA%YES ORTIZ.†"DANIEL G. QUIROGA.€" ROBERTO TA©LLEZ €" S. Secretario.†"Roman Pazâ€" D. Secretario.†"José MarA-a Linà ¡ â€" D. Secretary.

Therefore: I enact it so that it has and will comply with the law of the republic.

Palace of the supreme government in La Paz, the twenty-six days of the month of October of a thousand eight hundred and ninety years.

MAPLE ANICETO.

Emeterio Cano.

Finance Minister A© industry.