Page:British and Foreign State Papers, vol. 144 (1952).djvu/385

Rh 11, 1950, and shall be sent to the National Archives. Certificates of the Registry of Spaniards issued up to that date of closing shall be valid at any time. After April 11, 1950, the procedure established in this Constitution shall be generalised for all foreigners.


 * Within three sessions following the promulgation of this Constitution the law must establish penalties applying to violations of Article 20 of this Constitution.

Until this legislation is in force, every act which violates the right established in that Article and those concordant with it shall be considered as included and penalised in Article 218 of the Code of Social Defence.

1. In the case of laws that are effective with respect to obligations of a civil character, Articles 22 and 23 shall be observed only with respect to those promulgated after this Constitution becomes effective.

2. With respect to the civil obligations that were subject to Decree-Laws 412, 423 and 594 of 1934, as modified by the Law of September 3, 1937, regardless of their present legal or contractual status and whether or not they have the benefit of the moratorium, and also with respect to those subsequent to August 14, 1934, and prior to September 4, 1937, but only when these latter refer to the payment of amounts proceeding or derived from the deferred price of cane plantations, sugar mills or shares of stock representing the ownership of property of either of the two kinds, or it is so deduced from the aggregate of the contracts, pacts or agreements between creditor and debtor, whatever the nature and form of the guarantees, the fulfilment of said obligations shall be governed by the following rules:

(1) Principal which does not exceed $1,000 must be amortized on June 30, 1960.

Principal comprised between $1,000 and $50,000 must be amortized on June 30, 1965, and, if it is greater than $50,000. on the same day of 1970. If the obligation is represented by bonds, certificates, obligations or notes, the principal, for all the purposes of this Transitory Provision, shall be considered to be the total amount of the par values represented by