It Authorizes The Issuing Of $2,300,000 In Treasury Bills Or Treasury Vouchers, In Order To Acquire From The Municipality Of Valparaiso The Rights That It Retains Over The Potable Water Company Of That Port I The Municipal Properties That Are Destar

Original Language Title: AUTORIZA LA EMISION DE $ 2.300,000 EN BONOS DEL ESTADO O VALES DE TESORERIA, A FIN DE ADQUIRIR DE LA MUNICIPALIDAD DE VALPARAISO LOS DERECHOS QUE ESTA CONSERVA SOBRE LA EMPRESA DE AGUA POTABLE DE ESE PUERTO I LAS PROPIEDADES MUNICIPALES QUE ESTAN DESTINAD

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ARTICLE 1.-Authorize the President of the Republic to acquire from the Municipality of Valparaiso the rights which it retains over the Potable Water Enterprise of that port, by the sum of one million nine hundred and seventy-two hundred and seventy-eight hundred thousand Forty-two pesos eight cents ($1,962,842.08) that is recognized for the Municipality in the balance sheets of the Enterprise.
The President of the Republic also authorizes the President of the Republic to pay to the same Municipality the building which is occupied by the 5.a police station on the hill of the Baron i land and buildings which are intended for public services i se check properly that they have been paid with the funds from the municipal loan which authorizes the lei number 2,267 of February 15, 1910.
The appraisal shall be carried out by an expert appointed by each party in the event of disagreement by a third expert appointed by the ordinary courts. The appraisal shall be judicially approved, and the Court of Alzada may prudently modify the amount of the appraisal set by the experts.