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AMEND THE LAW No 6,720 ON BORROWING FROM THE MUNICIPALITY OF OSORNO

Original Language Title: MODIFICA LA LEY N.o 6,720, SOBRE EMPRESTITO A LA MUNICIPALIDAD DE OSORNO

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Law No. 6.847 AMEND THE LAW N. or 6.720, ON BORROWING TO THE MUNICIPALITY OF OSORNO For the National Congress has given its approval to the following, Bill: " Article 1. With the product of the municipal loan authorized by law No 6.720, of October 15, 1940, to build a market in the city of Osorno, it will also be possible to acquire the predium where the municipal market will be lifted. Article 2.o Authorize the President of the Republic to invest up to the sum of five hundred and sixty thousand pesos in the acquisition of the properties adjacent to the Lyceum of Men of Osorno. A higher value than that of its tax value plus 10% may not be paid for these properties. The expense that this authorization demands will be attributed to the higher performance of the law N. or 6,322, of January 6, 1939. Article 3. This law will begin to apply from its publication in the Official Journal. " And because I have had to approve and sanction it, therefore, promulgate and take effect as the law of the Republic. Santiago, at twenty-four February of a thousand nine hundred and forty-one.-PEDRO AGUIRRE CERDA.-Marcial Mora M.