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607

  1. It is not permitted to contract debts and financial obligations unless it is established with certainty that inter est on the debt can be paid from regular income, and that the principal can be liquidated within a reasonable period of time
  2. When asking permission to contract debts or obligations, all other debts and obligations with which the contracting party is burdened to that date must be declared, without exception; otherwise the permission obtained is invalid.
  3. Contracts concerning incurring debts or obligations must be submitted for examination by the economic council.
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