Amendments To Law No. 9,684, Of 4 October 1950

Original Language Title: MODIFICA LA LEY NUMERO 9,684, DE 4 DE OCTUBRE DE 1950

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" Article 1.-Insert into Law No 9,684, of 4 |! of October 1950, the following modifications:
(a) Replace article 1 with the following:
" Article ... Authorize the Municipality of |! | Copied to contract directly with Banco del |! | State of Chile or other credit institutions or |! |bank, one or more loans up to the sum of twelve |! |million pesos ($12,000,000), to an interest annual no |! |over 10% and with an amortisation extinguishing the |! |debt within the maximum 5 years ".
(b) Article 3 should be substitted by the following:
" Article ... The proceeds of the or loans will be |! |allocated entirely by the Municipality of Copiapó to |! |the following purposes:
(A) Works to improve the
sewerage services
and desagüe of the Matadero
Municipal________________________ $500,000
(B) Acquisition of vehicles
motorized for service
commune of Communa________________ 2,000,000
C) Expansion of the Municipal Market 2,000,000
(D) Construction of a theatre in
areas of municipal ownership
located on the Atacama street of the
pool ___________________________ 4,500,000
E) Improvement and ornate works
in the Plaza de Armas, Park
Municipal and Alameda______________ 1,000,000
F) Reparations in the building
Municipality ________________________________ 2,000,000
(G) Construction of houses for
municipal workers ______________ 1,000,000
(H) Opening of new streets and
expropriations according to the
Citizen' s Regulatory Plane -- 1,500,000
(I) Expansion of the water network
to new populations of
Communa________________________________ 500,000
---------- $15,000,000 == = = = =
If any remaining funds are left in one or more of the above | Municipality may |! |invert them in another or other of the ones mentioned |! and if there is still a surplus, it will be allocated | to new works to be determined by the Corporation in session |! |extraordinary and with the unanimous vote of the two thirds |! |of the practising regimers ".
(c) Deroganse articles 4, 10 and 11.