It Authorizes The Linares Municipality To Contract Directly With The Bank Of The State Of Chile Or With Other Credit Institutions That Produce Up To The Sum Of $12,000,000

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE LINARES PARA CONTRATAR DIRECTAMENTE CON EL BANCO DEL ESTADO DE CHILE O CON OTRAS INSTITUCIONES DE CREDITO EMPRESTITOS QUE PRODUZCAN HASTA LA SUMA DE $ 12.000.000

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Article 1.o Authorize the Municipality of Linares to contract directly with the Bank of the State of Chile or other credit institutions, borrowings that produce up to 12 million pesos ($12,000,000), to an interest not higher than 10% a year. Each loan must be repaid within the maximum period of five years.