LEI OF 24 OCTOBER
BANCO PACEA ' O. â€ " Your establishment is authorized.
CONSTITUTIONAL PRESIDENT OF THE REPAsBLICA,
For the national congress has sanctioned the following lei:
IN NATIONAL CONGRESS,
Art. 1.A ° â€ " The creation of a bank of deposits, issuance and discounts, constituted by a company, with the name" Banco PaceÃ ± o ", is authorized.
Art. 2.A ° The "Banco PaceÃ ± o" may issue banknotes in proportion to 150 per 100 on its capital paying capital in metal or gold and silver bars, which shall be duly checked by the government.
The types of banknotes shall be: 5, 10, 20, 50 and 100 Bolivians.
Art. 3.A ° The capital of the bank is fixed in the sum of half a million bolivianos, on which the issue will be regulated, not being able to increase without the lejislative approval.
Art. 4.A ° The executive will exercise, through a delegate, on the issue of banknotes and economic movement of the offices of the? Bank PaceÂ ± € •.
Art. 5.A ° The bank authorized by this LeA-will have its registered office in the city of La Paz, with the power to establish branches in the other capitals of the department.
Art. 6.A ° He? Bank PaceÃ ± â€ • is subject to tax and to the laws that rijen to? National bank of Boliviaâ€ •, in what you have of external in your organization and do not mean to you, as long as the reading is dictated only by banks.
Communicate to the executive branch for its fulfillment.
Session Room in Sucre, October 16, 1884.
Juan F. Velarde, senator secretary.
Domingo Paz, deputy secretary.
Damaso Sanchez, deputy secretary.
Therefore, I enact it so that it has and will comply as I read. of the Republic.
Government House in Sucre, 24 October 1884.
GREGORIO PACHECO, H. Gutierrez.