On November 30, 1538, Sucre was founded under the name ''Ciudad de la Plata de la Nueva Toledo'' (City of Silver of New Toledo) by Pedro Anzures, Marqués de Campo Redondo. In 1559, the Spanish King Philip II established the ''Audiencia de Charcas'' in La Plata with authority over an area which covers what is now Paraguay, southeastern Peru, Northern Chile and Argentina, and much of Bolivia. The ''Audiencia de Charcas'' was a subdivision of the Viceroyalty of Peru until 1776, when it was transferred to the newly created Viceroyalty of the Río de la Plata. In 1601 the Recoleta Monastery was founded by the Franciscans and in 1609 an archbishopric was founded in the city. In 1624 St Francis Xavier University of Chuquisaca was founded.