Government

As much Law 3,229/84 how much the Dec. 9.581/86 were absolutely unconstitutional, inasmuch as they wounded the perfect legal act and the acquired right, therefore the contracts were in full validity, and the carriers of the headings only waited its expiration for rescue, with the promise incomes. Ademais, disrespected art. 36, of the Law of 15 of November of 1827, that it established the imprescriptibility of the headings of the public debt. The uniformizao of 1902 In 1902 the headings emitted in the values of two hundred, four hundred, five hundred, six hundred and eight hundred a thousand kings, you rescued with interests of 5% to the year, had been uniformizados in headings of a story of kings. The Dec.

n 4,330, of 28 of January of 1902, that it authorizeed the emission of these headings, did not establish the amount nor the stated period for expiration of the news, establishing, only, the percentage of interests in 5% to the year. This Decree did not establish the obligatoriness of the exchange. We know, today, that six hundred and fifty a thousand new headings had been emitted approximately. It is standed out that uniformizao was only applied to the internal debt. The purpose of the Dec. 4.330/02 were of uniformizar the headings in a story of kings.

However, instead of making only this, the Government emitted new government bonds, in the values of two hundred and five hundred a thousand kings, under the justification not to have that to pay fractions of a story of kings. This exchange did not cause great damage to the carriers of the headings since of the reorganization of 1884 and 1886 the 1902, did not have great depreciation of the currency and a story of kings slightly remained steady in relation to the gold. The external reorganization of 1943 In 23 of November of 1943 n 6019 was edited the Decree, that it fixed norms for payment of the external loans, taken in pounds and dollar for the governments of the Union, the States and the Cities, for the Institute of the Coffee of the State of So Paulo and for the Bank of the State of So Paulo.