Eastern Bank Of Bolivia. - Is Authorized To Establish It To Don Demetrio Soruco.

Original Language Title: BANCO ORIENTAL DE BOLIVIA.—SE AUTORIZA PARA ESTABLECERLO A DON DEMETRIO SORUCO.

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LEI OF 7 DECEMBER

EASTERN BANK OF BOLIVA.â € "Is authorized to set it to don Demetrio Soruco.

ANICETO ARCE

CONSTITUTIONAL PRESIDENT OF THE REPASBLICA.

As soon as the national congress has sanctioned the following I read.

THE NATIONAL CONGRESS

DECCRETA:

ArtA-ass 1.A ° †"The creation of an issue bank, depending on the price, is authorized. discounts constituted by a company that would promote the petitioner Don Demetrio Soruco.

ArtA-culo 2.A ° †"This bank will be under the name" Banco Oriental de Bolivia ".

ArtA-culo 3.A ° †"The" Banco Oriental de Bolivia " will be able to issue notes payable to the bearer in sight, in sealed currency in the proportion of one hundred and fifty percent, on the paid capital.

The banknotes will be of the types one, five, ten, twenty, fifty and one hundred Bolivians.

ArtA-cull 4.A ° †"The capital of the" Banco Oriental de Bolivia " is fixed in the amount of five hundred thousand bolivianos, 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 legislative authorization.

ArtA-arse 5.A ° †"The executive will be able to exercise the responsibility through a delegate on the issue of banknotes and economic movement of the offices of the" Banco Oriental de Bolivia ".

6.A to € "The" Banco Oriental de Bolivia "will have its legal address in the city of Santa Cruz, with the power to establish branches in other parts of the republic.

ArtA-culo 7.A ° â€"The " Banco Oriental de Bolivia "is subject to the taxes and laws that govern the" Banco Nacional de Bolivia " in what it has from outside in its organization and does not mean a lack of pride, as long as the law of banks is dictated, to which it will be submitted when it is

ArtA-ass 8.A ° †"The" Banco Oriental de Bolivia " will start working within of the twenty-four-month term: past it, this authorization will be cancelled, if it is not established.

Communicate to the executive branch for constitutional purposes.

Session.†" Sucre, December 4, 1888.

J. M. DEL CARPIO.†" A. Moreno.†"Severo F. Alonsoâ€" S. Secretario.†"Manuel Othon Jofré (son) â€" D. Secretario.†"Adolfo Silesâ€" D. Secretary.

Therefore: I enact it so that it has and will comply as I read from the public.

Palace of government. †" Sucre, to seven of December of one thousand eight hundred and eighty eight years.

ANICETO ARCE.†"H. Gutierrez.