It Reduces The Period Referred To In Article 13 Of The Regulation; Lei On The Rooms Of Workers For Houses; They Enjoy The Franchises Listed In; Paragraph 3 Of The Same Lei; It Authorizes The President Of The Republic To Grant A Guarantee

Original Language Title: Reduce el plazo que consulta el artículo 13 de la;Lei sobre Habitaciones de Obreros para que las casas;hijiénicas gocen de las franquicias que se enumeran en;el párrafo 3 de la misma lei; autoriza al Presidente de;la República para conceder una garantia

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Single Article.-Insert the following modifications to the lei noi. 1.838, of February 20, 1906:
(a) Commense 25 to five years, the period referred to in Article 13, so that the hygienic rooms are given the franchises listed in paragraph 3. °; i
(b) Replace Article 21, by the following:
ART 21.-The President of the Republic may grant a State guarantee of up to 6 per cent per annum, on a term not exceeding twenty years, on the capital cities covered by the number of companies in the no.
1. of the preceding article, justify having invested in constructing rooms that meet the conditions set out in article 13, provided that those capital does not fall from five hundred thousand pesos ($500,000).
The Superior Council of Rooms has the power to take on account of the State, the administration of the guarantee properties that produce an income of less than 6 percent of the capital invested in its construction.
In this case, the company which owns the property shall only receive 6% of the guarantee referred to in subparagraph 1.