IT AMENDS ARTICLE 1 °, REPLACES 3 °, AMENDS PARAGRAPH 1 AND ADDS FINAL INCITES TO ARTICLE 4 ° OF LAW 12.478 OF 17 AUGUST 1957, WHICH AUTHORISED THE MUNICIPALITY OF TILTIL, TO CONTRACT ONE OR MORE LOANS TO THE AMOUNT OF $12,000,000, IN ORDER TO INVEST THEM IN VARIOUS WORKS OF LOCAL ADVANCE. As soon as the National Congress has given its approval to the following Bill: "Article 1" Amend Law 12.478, 17 August 1957, in the following terms: a) Replace in Article 1 the sentence " up to the amount of twelve million "up to forty thousand escudos", and the phrase "at an interest not exceeding 10% per year" for "the banking current interest." (b) the words "or up to the investment of the total of the funds in the form set out in Article 3" shall be added to the end of Article 4 (1). Article 3 ° Substitute Article 3 ° of the law |! | 12.478, for which it follows: " Article 3 ° The product of the or the loans to which |! |referred to in Article 1 ° shall be destined by the |! | Municipality of Tiltil to execute the following works: (a) Transport for the construction or improvement of the Drinking Water Service in the communa__E ° 7,000 b) Building a building for municipal offices and dependences_________________ 11,500 c) Building a building for Teatro __________________________________ 7,000 d) Urbanization of the municipal property called "La Isla" _______________________ 3,000 e) Creation of a square in Tiltil____________ 1,500 f) Improvement of the field of aviation in Tiltil_____________________________________ 4,000 g) Payment of expropriations or direct purchase of the "pregod" referred to in article 9 ° __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ ° __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ __ Municipality will have to hand over the sum of two thousand annual escudos to the Tiltil Fire Department for the term of five years. The Tiltil Fire Department will invest the funds it receives under the provisions of the previous paragraph, in the acquisition of materials, vehicles, land and construction of a local for its operation. Documented account of investments, must be submitted to the Comptroller General of the Republic. " And because I have had to approve and sanction it; therefore, promulgate and take effect as the law of the Republic. Santiago, two of February thousand nine hundred and sixty-one.-JORGE ALESSANDRI RODRIGUEZ.-Sotero del Rio.