Banks Mortgage. - Authorising Mr Miguel Elguera To Establish A Mortgage Industry In La Paz.

Original Language Title: BANCOS HIPOTECARIOS.—SE AUTORIZA AL SEÑOR MIGUEL ELGUERA PARA ESTABLECER UN BANCO INDUSTRIAL HIPOTECARIO EN LA PAZ.

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.

LEI OF 4 NOVEMBER

BANCOS HIPOTECARIOS.€You authorize the SeA ± or Miguel Elguera to establish a Mortgage Industrial Bank in La Paz.

ANICETO ARCE

CONSTITUTIONAL PRESIDENT REPAsBLICA

FOR HOW much, the national congress has sanctioned the following lei:

THE NATIONAL CONGRESS,

DECCRETA:

ArtA-ass 1.A ° †"The seat is authorised to be set up by Miguel Elguera The company is also entitled to "Mortgage Industrial Bank", the purpose of which is to we are on mortgages of real estate, already in money, already in obligations to the bearer or mortgage letters that will earn interest and that will be depreciable by periodic draws.

Art. 2.A ° †"This society will be able to raise its capital of responsibility up to four million Bolivians.

Art. 3.A to € "The executive shall give due regard to the operations of the" Mortgage Industrial Bank " by means of a special delegate, and shall dictate to its establishment the necessary regulations, and shall examine and assess its statutes.

Art. 4.A ° †"The domicile of the" Banco Industrial Mortgage ", will be the city of La Paz, with the power to establish branches in the other departments of the republic.

Art. 5.A ° to € "The" Banco Industrial Mortgage " is subject to the same bases and conditions as the current Mortgage Credit of Bolivia and the Mortgage Bank Guarantee of Securities, in what they have of external for their administration and not

. 6.A ° †"The authorization conferred by this lei is not extensive to the point of exempting the" Mortgage Industrial Bank " from being held to the single bank of banks to be dictated.

Art. 7.A ° †"For this lei to have effect, the entrepreneur will deposit in any of the banks of this city the five per thousand on the nominal capital of the society in order to safeguard the obligations that it contracts for this concession.

Art. 8.A ° to € "It is fixed in a year, counted from the approval of this concession, the period in which the Mortgage Industrial Bank must begin its operations.

Art. 9.A ° to € "The capital of the Banco Industrial Mortgage in a million Bolivians is fixed.

Art. 10.A ° †"The issue of cementules shall be made in accordance with the provisions governing the Mortgage Credit of Bolivia, with the exception of the following modifications:

1. The commission for administrative expenses shall not exceed the means by

2. The dividend of the service will be payable for expired semesters and anticipated nA³.

3. No penalty will be imposed on the lender when he wants to cancel his loan before the respective semesters are due.

4. The criminal interest rate will not be greater than the average monthly percentage: the cancellation will be made in cash, with the currency of the paA-s or in terms of the same company.

5. The rate of interest, will be the eight percent annual amount of the annual amount.

Communal-to the executive branch.

National Congress session room " La Paz, 31 de October 1889.

Serapio RA©yes Ortiz.†"Jenaro Sanjináls.â€" Emeterio Cano†" S. Secretario.†"Casto Român â€" D. Secretario.†"Marco D. Paradeâ€" D. Secretary.

BY TANT: I enact it so that it has and complies with how I read from the public.

Palace of government in the city of La Paz, 4 November, one thousand eight hundred and eighty-nine years.

MAPLE ANICETO.

The minister of finance and industry. Isaac Tamayo.

LEI OF 4 NOVEMBER

ORGANIZATION JUDICIAL.€ "The appointment of procurators is done by the courts: office hours of the judicial offices: aaward of the lawyers who do not return the

ANICETO ARCE

CONSTITUTIONAL PRESIDENT OF THE REPUBLIC

BECAUSE of how much the national congress has sanctioned the following i read:

THE NATIONAL CONGRESS

DECRETA:

ArtA-ass 1.A ° †"The appointment of procurators will be made by the courts, before which They must exercise their position. He of the procurators of the party courts will be fed by the district courts.

Art. 2. ° †"In order for the courts to issue an appointment in favour of a prosecutor, they must be brought before her or before the respective party judge and fill all the requirements prescribed by Articles 308 and 309 of the organization.

Art. 3.A ° †"The vowels of the courts and the judges will attend the office every day not holidays from the twelve and will remain for four hours, not being able to retire before the four in the afternoon.

Art. 4.A ° †"Deputy officials will attend their offices half an hour later than the majistrates and judges.

Art. 5.A ° †"The award decreed against a prosecutor who does not return the file, will be understood with the lawyer, who having signed in the book of knowledge of the procurator retains the process.

promulgation and fulfillment.

Session of the national congress in La Paz, on October 29, 1889.

J. M. del Carpio.†"Jenaro Sanjináss.â€" Emeterio Cano†"S. Secretario.â€" Casto Romà ¡ nâ€" D. Secretario.†"Marco D. Paráldeâ€" D. Secretary.

BY TANTO: I enact it so that ge has and meets as I read from the public.

Palace of government in La Paz, four November from one thousand eight hundred and eighty nine years.

MAPLE ANICETO.

The Minister of Justice and Public Instruction.

Melquiades Loaiza.