It Authorizes The Municipality Of The Serena To Hire One Or More Businessmen To Produce Up To The Amount Of 180,000 So That It Can Pay Its Staff The Stimulation Allocation That It Owes To It

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE LA SERENA PARA CONTRATAR UNO O MAS EMPRESTITOS QUE PRODUZCAN HASTA LA CANTIDAD DE E° 180.000 CON EL OBJETO DE QUE PUEDA PAGAR A SU PERSONAL LA ASIGNACION DE ESTIMULO QUE LE ADEUDA

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" Article 1. Authorize the Municipality of La Serena to contract directly with the Bank of the State of Chile or other credit or banking institutions one or more borrowings that produce up to the sum of one hundred and eighty thousand escudos (E ° 180,000), not higher than the bank current and with an amortisation that extinguishes the debt within a minimum of five years.