"Article 1-Introducense the following modifications to the law N ° 18.297, organic of the national company of Aeronáutica de Chile: A. replace item 4 °, with the following:"(Artículo 4°.-La Dirección superior de la Empresa corresponderá a un Directorio integrado por seis miembros, que serán: a) the Commander of the air force, who will chair it; ""
b) three official General of the force air, on active duty, designated by the President of the Republic;
((c) a representative of the President of the Republic, and d) Executive Director. "."
(B) replace article 5 °, by the following: "article 5.-the quorum for the meetings of the Board shall be a majority of its members and its agreements shall be adopted with the majority of the directors present. In the event of a tie, it will decide who should preside over the meeting.
In the first constituent session of the directory order shall be given precedence of its members, to the effect of the subrogation of its President.
Will be attending the session the Prosecutor, who shall only be entitled to voice; and a person designated by the directory, as his Secretary.
The agreements are inserted in a book of proceedings that will keep his Secretary, who will become Minister of faith responsible for certifying them. "."
C replace the article 6 °, with the following: "(Artículo 6°.-Corresponderán ael Directorio de la Empresa Nacional de Aeronáutica de Chile, las siguientes atribuciones: a) adoption of the agenda of enterprise development, presented by its Executive Director;"
b) approve projects and investment programs that proposes you its Executive Director;
(c) approve the draft budget of income and expenditure that must be annually presented ENAER;
(d) approve the annual report and balance sheet of the company must be elevated to the Supreme Government, at the latest on 31 May of each year;
(e) provide your agreement to fix the plant of the personnel of the company;
f) authorize the holding of those acts and contracts whose amount is greater than the value determined by the directory itself;
(g) authorizing the acquisition or transfer of real estate and the Constitution of guarantees upon them;
(h) authorize the acquisition or disposal of movable property of a value greater than that determined by the directory itself;
((i) authorize the contracting of credits in national or foreign currency when compromising a value equivalent to or greater than 10% of the fixed assets of the company, and j) in general, to oversee the administration of the institution. "."
D replaced article 7 ° by the following: "Article 7.-the Executive Director will be a General Officer of the air force, serving or retired, appointed by the President of the Republic.".
E. repeal articles 8 ° and 9 °.
F replace, in article 10, in its paragraphs first, third and fourth, the word "President", by the words "Executive Director". Also, to replace, in the letters i), j), k) and m) of its fourth subsection, the term "Council", "Directory" voice.
G insert in article 10, point (d)), after the word "Company", the expression "with agreement of the directory".
H. added in article 10, letter h), then the word "furniture", the expression: "with the agreement of the directory where appropriate".
I.-added in article 10, letter k), before the semicolon (;), the expression; "where appropriate".
J is replaced by article 11, first paragraph, the word "Chairman" for "Board of Directors".