Law 18-11-1884

Original Language Title: Ley 18-11-1884

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LEI DE 18 DE NOVEMBRO

SOCIETIES ANONIMAS.†" The miners are exempt from the impor on their profits the directory of all of them must have legal domicile in the country, when they are about intererees located in L.

GREGORIO PACHEO

CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA,

For how much, the national congress has sanctioned the following lei:

THE NATIONAL CONGRESS,

DECRETA:

Art. 1.A ° The mining companies are exempt from the tax on the LA-quidas profits, which according to lei pay the companies only in Janeral, after the subsidiary the additional tax of thirty cents per frame.

Art. 2.A ° They are considered to be an only company, even if they were constituted under another name, those that are by their nature; this is those that lack social signatures, which are managed by a directory, whose actions are transferable without the consent of the society and that they will be with limited liability capital.

Art. 3.A ° The companies that are established on interests located in Bolivia, are obliged to constitute a directory with legal domicile in the AA-s; and those already established, will do so within the year following the promulgation of this I read, without prejudice to the trade unions, that they should be established in the stranjero. No longer, the administrators, sherants or representatives shall be considered as owners of the respective establishments or interests, for all legal purposes.

Art. 4.A ° The mining companies are obliged to publish, only annually, their balance sheets.

Communicate to the executive branch for compliance.

Session room. â€" Sucre, November 8, 1884.

M. Baptista. "TomA ¡ s Villegas.â€" Juan F. Velarde, S. secretary.

DA maso SAñónchez, deputy secretary.

Domingo Paz, deputy secretary.

Therefore, I enact it, so that they are held and complied with, as I read from the public.

Government House, in the capital Suere, at 18 days of the month of November 1884 years.

G. PACHECO. †" H. Gutiérrez.