It Authorizes The Municipality Of Parral To Hire A Company Up To The Sum Of $1,076,000

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE PARRAL PARA CONTRATAR EMPRESTITO HASTA POR LA SUMA DE $ 1.076.000

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Article 1.o Authorize the Municipality of Parral so that, either directly or through the issuance of bonds, it will contract one or more loans that they produce up to the sum of $1,076,000.
If the borrowings are contracted out in bonds, they will gain an interest of no more than 7% per annum, and an accumulative amortization, also annual, not less than 1%.
These bonds may not be placed at a lower price than 85% of their nominal value.
If the loan is placed directly, the Municipality may agree to an interest not exceeding 8% and an accumulative depreciation not less than 2%, both annual.