It Authorizes The Municipality Of Jumbel To Hire One Or More Of Us To Produce Up To The Sum Of 50,000. For The Purpose Of Allocating Them To Various Works Of Local Advancement; For Their Service, The Additional Contribution Set Out In The Article Is Exten

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE YUMBEL PARA CONTRATAR UNO O MAS PRESTAMOS QUE PRODUZCAN HASTA LA SUMA DE E° 50.000. CON EL FIN DE DESTINARLOS A DIVERSAS OBRAS DE ADELANTO LOCAL; PARA SU SERVICIO PRORROGA LA CONTRIBUCION ADICIONAL ESTABLECIDA EN EL ARTICULO

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" Article 1. Authorize the Municipality of Yumbel to contract directly with the Bank of the State of Chile or any other credit institution, one or more loans that produce up to the sum of fifty thousand escudos (E 50,000).) bank interest in the current banking interest and with an amortization extinguishing the debt within a maximum of five years. Invoices the Bank of the State of Chile and other credit institutions to take the loan or loans referred to in the preceding subparagraph, to the effect that the restrictive provisions of their respective organic laws or regulations shall not be governed by the provisions of the provisions of the preceding subparagraph.