READ FROM 22 NOVEMBER.
NAVIGATION OF THE DESAGUADERO.â€ "Privy granted to the seA ± or Juan L. Thorndike for steam navigation in the Desaguadero river and in Lake PoopA³.
CONSTITUTIONAL PRESIDENT OF THE REPUBLIC.
FOR HOW much: the national congress has sanctioned the following lei:
THE NATIONAL CONGRESS,
ArtA-ass 1.A ° Is granted a lock for the term of ten years to the employer Juan L. Thorndike for steam navigation in the Desaguadero River and in the Lake PoopA³.
Art. 2.A ° The steam-powered navigation company referred to in the preceding article, shall be exempt from the payment of any tax and municipal law during the term of the period, as well as all items or materials it introduces to be directly employed in docks, ports, stations, barracks, rooms for employees in docks, and all objects, to works destined for navigation.
Art. 3.A ° Give the company the necessary land for its docks, ports, stations, warehouses, or rooms for its employees in the logs that it designates. If the land is the State, the concession will be free; being of particular property, the expropriation will be made because of public utility, as I read, the company must pay the fair compensation.
Art. 4.A ° Local authorities will lend to the company, within the terms of the lei, all the facilities and aid inherent in the exercise of its functions, providing for its fair price the elements and arms that it could need for their jobs.
Art. 5.A ° Fifteen days after the notice is notified to the employer or his representative in La Paz, the necessary works will be given in principle to definitively implement the navigation. If in the course of a year the navigation proposed by the company is not carried out, it will be given for the cancelled, leaving without effect all the concessions and privileges that this read agrees.
Communicate to the executive branch.
Session of the national congress in Sucre, 16 November, 1887.
Horacio Rios, senator secretary.
R. Arano Peredo, deputy secretary.
Eloy Cabezas, deputy secretary.
BY TANTO: I enact it so that it has and will comply as I read from the public.
Government House in Sucre, at the twenty-two in November of a thousand Eighty-seven.
The Minister of Finance and Industry.