Amendment status not verified — confirm the current text below against the official source.
Any other eventual revenue. § 1. Whenever the Pensioners‘ Bank has funds available, it may grant loans to the private persons and to the comunidades, in the former case with guarantee by way of shares of the comunidades and of the gold and silver or mortgage of rustic and urban properties, without prejudice to the amount necessary for the payment of pensions. § 2. The loans to the comunidades shall bear the interest of 2 per cent interest, when they are meant for works of agricultural development and improving of its properties or acquisition of machinery and agricultural tools. In other cases, as well as for private persons, the interest shall not be less than 3 per cent, for loans less than 8.000$ and 2.5 per cent for the loans of higher amount. § 3. The loans of a sum not higher than 8000$, repayable within the period of one year, can be made by a private declaration and renewed for equal periods, if the borrower pays the interest due, punctually. § 4. The loans of amount higher than 8000$ shall be made by public deed, with prior authorization of the Governor-General. § 5. The Government shall regulate what is contained in the preceding paragraph. Art. 161 – The expense of the Pensioners‘ Bank comprises of:–