It Authorizes The Municipality Of The Andes To Hire The Loans That It Says

Original Language Title: AUTORIZA A LA MUNICIPALIDAD DE LOS ANDES PARA CONTRATAR LOS PRESTAMOS QUE SEÑALA

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Article 1.-Authorize the Municipality of Los Andes to contract directly with the Bank of the State, Production Promotion Corporation or other national or international credit institution one or more borrowings, up to the amount of E ° 770,000 (seven hundred seventy thousand shields).
The interest which is agreed cannot in any case be higher than the bank current and the amortization of the debt or debts will be carried out in such a way that debts or debts are extinguessed within a period of not more than 10 years.