It Authorises The Municipality Of Buin To Recruit One Or More Businessmen To Produce Up To The Sum Of 80,000, With The Aim Of Allocating Them To Various Works Of Local Advancement; For Its Service It Will, For The Period Of Ten Years, Allocate The Product

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE BUIN PARA CONTRATAR UNO O MAS EMPRESTITOS QUE PRODUZCAN HASTA LA SUMA DE E° 80.000, CON EL FIN DE DESTINARLOS A DIVERSAS OBRAS DE ADELANTO LOCAL; PARA SU SERVICIO DESTINARA POR EL PLAZO DE DIEZ AÑOS EL PRODUCTO DE LAS CONTRI

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" Article 1. Authorize the Municipality of Buin to contract one or more loans, directly with the Bank of the State of Chile or other credit institutions, which produce up to the sum of eighty thousand escudos, to the common bank interest and to the bank a write-off that would extinguish the debt in a period of up to ten years.
Invoices the Bank of the State of Chile and other credit or banking institutions to take the loans, authorized by this law, to the effect that the provisions of their respective organic laws or regulations shall not be governed by the provisions of their respective laws.