ACT 275 OF 1996
Official Gazette No. 42,762 of April 10, 1996
Whereby the Bank of the Republic is authorized to participate in the issuance of international gold coin series or silver commemorative or numismatic purposes.
THE CONGRESS OF COLOMBIA DECREES:
ARTICLE 1o. Authorize the Bank of the Republic to wedge in the country or abroad a gold or silver legal tender, with commemorative or numismatic purposes, for the second Latin American series of coins commemorating the Quincentennial of the Discovery of America.
The Bank of the Republic may put it into circulation and distributed in Colombia or abroad, directly or by contract, for numismatic purposes.
The Board of the Bank of the Republic shall determine the amount of the issue, the face value of the coin, conditions and sales prices, their alloys and other features.
. The costs incurred by the Bank of the Republic for the minting of the coin under the preceding article as well as the income obtained from their sale will be expenses and operating income of the Bank, respectively.
ARTICLE 3. This Act governs from the date of publication.
The President of the honorable Senate, JULIUS CAESAR
The Secretary General of the honorable Senate,
PUMAREJO PEDRO VEGA.
The President of the honorable House of Representatives,
Rodrigo Rivera Salazar.
The Secretary General of the honorable House of Representatives, DIEGO VIVAS
Republic of Colombia - National Government.
Published and execute.
Given in Bogota, DC, on April 8, 1996. Ernesto Samper Pizano
The Minister of Finance and Public Credit, WILLIAM PERRY RUBIO