LEI OF 7 DECEMBER
BANCO COLQUECHACA. a€ " Don Mariano Lora is authorized to establish it.
CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.
As soon as the national congress has sanctioned the following I read.
THE NATIONAL CONGRESS
ArtA-cull 1.A ° â€ "Don Mariano Lora is authorised to set up an issuing bank, depending on the We have to offer discounts and discounts, which will be used under the name "Colquechaca Bank".
ArtA-arse 2.A ° â€ "The" Colquechaca Bank " may issue notes payable to the bearer, on view in sealed currency, in the proportion of one hundred and fifty percent of its paid capital.
The types of banknotes will be one, Five, ten, twenty, fifty and one hundred Bolivians.
ArtA-cull 3.A ° â€ "The capital of the" Colquechaca Bank " is fixed in the sum of five hundred thousand Bolivians, which will be constituted in a metallic coin, or silver or gold bars, which will be duly checked by the government.
That capital cannot be increased without any legislative authorization.
Article 4.A to € "The executive shall exercise vigilance, through a delegate, on the issue of banknotes and economic movement of the offices of the" Colquechaca Bank ".
ArtA-culo 5.A ° â€" "Banco Colquechaca" will have its legal domicile in Sucre, with the power to establish branches in other parts of the republic.
6.A to € "The" Colquechaca Bank "is subject to the taxes and laws that govern the" National Bank of Bolivia " in what it has from outside in its organization and does not mean a lack of pride, after the speech is given. banks, to which it will be held when it is enacted.
Article 7.A to € "The" Colquechaca Bank " will start operating within two years, under the penalty of the cancellation of this authorization, otherwise.
Communicate to the executive branch for constitutional purposes.
Session room, in Sucre, at 4 days of the month of December 1888.
J. M. OF THE CARPIO. â€ " A. Moreno.â€ "Severo F. Alonzoâ€" S. Secretary. â€ "Adolfo Silesâ€" Deputy Secretario.â€ "Manuel Othon JofrÃ© (son) â€" Deputy Secretary.
Therefore, I enact it so that it is held and fulfilled as I read from the republic.
Palace of government. â€ " Sucre, December 7, 1888.
MAPLE ANICETO. â€ "The Minister of Finance and Industry" H. Gutierrez.