It Authorizes The Port Municipality To Hire One Or More Businessmen Who Produce Up To The Amount Of 18,000 In Order To Allocate Them To Various Works Of Local Advancement; For Their Service It Provides An Additional Contribution Of One Two Per Year.

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE PUERTO OCTAY PARA CONTRATAR UNO O MAS EMPRESTITOS QUE PRODUZCAN HASTA LA CANTIDAD DE E° 18.000 CON EL FIN DE DESTINARLOS A DIVERSAS OBRAS DE ADELANTO LOCAL; PARA SU SERVICIO ESTABLECE UNA CONTRIBUCION ADICIONAL DE UN DOS POR

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$20 per month, or Get a Day Pass for only USD$4.99.
" Article 1. Authorize the Municipality of Puerto Octay to contract directly with the Banco del Estado de Chile or other credit institutions, one or more borrowings that produce up to the sum of ten and eight thousand escudos (E ° 18,000), to an interest not more than 12% a year and with an amortization extinguishing the debt within a maximum of five years.