Law No. 4864

Original Language Title: LEY NUM. 4864

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Article 1 The President of the Republic is authorized to issue, in the country, up to twenty million pesos ($20,000,000), in seven percent (7 percent) fiscal bonds of interest, with one percent (1 percent) cumulative annual cumulative amortization, which will be used for the payment of outstanding bonuses of the 1928-1929 outbound year.
In the Budget Act of 1931 et seq., the amounts required to service the service of the issue referred to in the preceding subparagraph shall be consulted.