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Number 35 of 1960.
INTERNATIONAL DEVELOPMENT ASSOCIATION ACT, 1960.
ARRANGEMENT OF SECTIONS
Section | |
Articles of Agreement of the International Development Association.
Number 35 of 1960.
INTERNATIONAL DEVELOPMENT ASSOCIATION ACT, 1960.
Interpretation.
1.—In this Act—
“the Agreement” means the agreement, for the establishment and operation of an international body to be called the International Development Association, of which the text of the Articles is set out in the Schedule to this Act;
“the Association” means the International Development Association established under the Agreement.
Approval of terms of the Agreement.
2.—The terms of the Agreement are hereby approved.
Financial and other provisions.
3.—(1) The subsequent subsections of this section shall come into operation on the day on which the Agreement is signed on behalf of the Government.
(2) The following payments, as and when they become appropriate to be made on behalf of the Government, shall be made out of the Central Fund or the growing produce thereof:
(a) payments under subsections (a) to (d) of Section 2 of Article II of the Agreement,
(b) payments under Section 1 of Article III of the Agreement,
(c) payments under paragraph (a) of Section 2 of Article IV of the Agreement,
(d) payments under subparagraph (i) of paragraph (c) of Section 4 of Article VII of the Agreement.
(3) The Minister for Finance may create and issue to the Association, in such form as he thinks fit, such non-interest-bearing and non-negotiable notes or other obligations as are provided for in subsection (e) of Section 2 of Article II of the Agreement, and any payments in respect of any such notes or obligations so created and issued shall be made out of the Central Fund or the growing produce thereof.
(4) The Minister for Finance may borrow from any person, and the Bank of Ireland may advance to him, any sum or sums required for payments under this section and, for the purpose of such borrowing, he may create and issue any securities bearing such rate of interest and subject to such conditions as to repayment, redemption or otherwise as he thinks fit.
(5) The principal and interest of any securities issued under subsection (4) of this section and the expenses incurred in connection with their issue shall be charged on the Central Fund or the growing produce thereof.
(6) Any moneys received by the Government from the Association or raised by securities under subsection (4) of this section shall be placed to the credit of the account of the Exchequer and shall form part of the Central Fund and be available in any manner in which that Fund is available.
(7) The Central Bank of Ireland shall act as a depository for the holdings of currency of the State and other assets of the Association and may advance to the Minister for Finance any sum or sums required for payments under this section.
(8) The provisions of Sections 2, 3, 4, 5, 6, 7, 8 and 9 of Article VIII of the Agreement shall have the force of law in the State, subject to the proviso that nothing in the said Section 9 shall be construed—
(i) as entitling the Association to import goods, free of customs duty, without any restriction on their subsequent sale in the country to which they were imported,
(ii) as conferring on the Association any exemption from duties or taxes which form part of the price of goods sold, or
(iii) as conferring on the Association any exemption from duties or taxes which are in fact no more than charges for services rendered.
Short title.
4.—This Act may be cited as the International Development Association Act, 1960.
SCHEDULE.
Articles of Agreement of the International Development Association.
The Governments on whose behalf this Agreement is signed,
Considering
That mutual cooperation for constructive economic purposes, healthy development of the world economy and balanced growth of international trade foster international relationships conducive to the maintenance of peace and world prosperity;
That an acceleration of economic development which will promote higher standards of living and economic and social progress in the less-developed countries is desirable not only in the interests of those countries but also in the interests of the international community as a whole;
That achievement of these objectives would be facilitated by an increase in the international flow of capital, public and private, to assist in the development of the resources of the less-developed countries,
do hereby agree as follows:
Introductory Article.
The International Development Association (hereinafter called “the Association”) is established and shall operate in accordance with the following provisions:
Article I.
Purposes.
The purposes of the Association are to promote economic development, increase productivity and thus raise standards of living in the less-developed areas of the world included within the Association's membership, in particular by providing finance to meet their important developmental requirements on terms which are more flexible and bear less heavily on the balance of payments than those of conventional loans, thereby furthering the developmental objectives of the International Bank for Reconstruction and Development (hereinafter called “the Bank”) and supplementing its activities.
The Association shall be guided in all its decisions by the provisions of this Article.
Article II.
Membership; Initial Subscriptions.
Section 1. Membership.
(a) The original members of the Association shall be those members of the Bank listed in Schedule A hereto which, on or before the date specified in Article XI, Section 2 (c), accept membership in the Association.
(b) Membership shall be open to other members of the Bank at such times and in accordance with such terms as the Association may determine.
Section 2. Initial Subscriptions.
(a) Upon accepting membership, each member shall subscribe funds in the amount assigned to it. Such subscriptions are herein referred to as initial subscriptions.
(b) The initial subscription assigned to each original member shall be in the amount set forth opposite its name in Schedule A, expressed in terms of United States dollars of the weight and fineness in effect on January 1, 1960.
(c) Ten per cent. of the initial subscription of each original member shall be payable in gold or freely convertible currency as follows: fifty per cent. within thirty days after the date on which the Association shall begin operations pursuant to Article XI, Section 4, or on the date on which the original member becomes a member, whichever shall be later; twelve and one-half per cent. one year after the beginning of operations of the Association; and twelve and one-half per cent. each year thereafter at annual intervals until the ten per cent. portion of the initial subscription shall have been paid in full.
(d) The remaining ninety per cent. of the initial subscription of each original member shall be payable in gold or freely convertible currency in the case of members listed in Part I of Schedule A, and in the currency of the subscribing member in the case of members listed in Part II of Schedule A. This ninety per cent. portion of initial subscriptions of original members shall be payable in five equal annual instalments as follows: the first such instalment within thirty days after the date on which the Association shall begin operations pursuant to Article XI, Section 4, or on the date on which the original member becomes a member, whichever shall be later; the second instalment one year after the beginning of operations of the Association, and succeeding instalments each year thereafter at annual intervals until the ninety per cent. portion of the initial subscription shall have been paid in full.
(e) The Association shall accept from any member, in place of any part of the member's currency paid in or payable by the member under the preceding subsection (d) or under Section 2 of Article IV and not needed by the Association in its operations, notes or similar obligations issued by the government of the member or the depository designated by such member, which shall be non-negotiable, non-interest-bearing and payable at their par value on demand to the account of the Association in the designated depository.
(f) For the purposes of this Agreement the Association shall regard as “freely convertible currency”:
(i) currency of a member which the Association determines, after consultation with the International Monetary Fund, is adequately convertible into the currencies of other members for the purposes of the Association's operations; or
(ii) currency of a member which such member agrees, on terms satisfactory to the Association, to exchange for the currencies of other members for the purposes of the Association's operations.
(g) Except as the Association may otherwise agree, each member listed in Part I of Schedule A shall maintain, in respect of its currency paid in by it as freely convertible currency pursuant to subsection (d) of this Section, the same convertibility as existed at the time of payment.
(h) The conditions on which the initial subscriptions of members other than original members may be made, and the amounts and the terms of payment thereof, shall be determined by the Association pursuant to Section 1 (b) of this Article.
Section 3. Limitation on Liability.
No member shall be liable, by reason of its membership, for obligations of the Association.
Article III.
Additions to Resources.
Section 1. Additional Subscriptions.
(a) The Association shall at such time as it deems appropriate in the light of the schedule for completion of payments on initial subscriptions of original members, and at intervals of approximately five years thereafter, review the adequacy of its resources and, if it deems desirable, shall authorise a general increase in subscriptions. Notwithstanding the foregoing, general or individual increases in subscriptions may be authorised at any time, provided that an individual increase shall be considered only at the request of the member involved. Subscriptions pursuant to this Section are herein referred to as additional subscriptions.
(b) Subject to the provisions of paragraph (c) below, when additional subscriptions are authorised, the amounts authorised for subscription and the terms and conditions relating thereto shall be as determined by the Association.
(c) When any additional subscription is authorised, each member shall be given an opportunity to subscribe, under such conditions as shall be reasonably determined by the Association, an amount which will enable it to maintain its relative voting power, but no member shall be obligated to subscribe.
(d) All decisions under this Section shall be made by a two-thirds majority of the total voting power.
Section 2. Supplementary Resources Provided by a Member in the Currency of Another Member.
(a) The Association may enter into arrangements, on such terms and conditions consistent with the provisions of this Agreement as may be agreed upon, to receive from any member, in addition to the amounts payable by such member on account of its initial or any additional subscription, supplementary resources in the currency of another member, provided that the Association shall not enter into any such arrangement unless the Association is satisfied that the member whose currency is involved agrees to the use of such currency as supplementary resources and to the terms and conditions governing such use. The arrangements under which any such resources are received may include provisions regarding the disposition of earnings on the resources and regarding the disposition of the resources in the event that the member providing them ceases to be a member or the Association permanently suspends its operations.
(b) The Association shall deliver to the contributing member a Special Development Certificate setting forth the amount and currency of the resources so contributed and the terms and conditions of the arrangements relating to such resources. A Special Development Certificate shall not carry any voting rights and shall be transferable only to the Association.
(c) Nothing in this Section shall preclude the Association from accepting resources from a member in its own currency on such terms as may be agreed upon.
Article IV.
Currencies.
Section 1. Use of Currencies.
(a) Currency of any member listed in Part II of Schedule A, whether or not freely convertible, received by the Association pursuant to Article II, Section 2 (d), in payment of the ninety per cent. portion payable thereunder in the currency of such member, and currency of such member derived therefrom as principal, interest or other charges, may be used by the Association for administrative expenses incurred by the Association in the territories of such member and, insofar as consistent with sound monetary policies, in payment for goods and services produced in the territories of such member and required for projects financed by the Association and located in such territories; and in addition when and to the extent justified by the economic and financial situation of the member concerned as determined by agreement between the member and the Association, such currency shall be freely convertible or otherwise usable for projects financed by the Association and located outside the territories of the member.
(b) The usability of currencies received by the Association in payment of subscriptions other than initial subscriptions of original members, and currencies derived therefrom as principal, interest or other charges, shall be governed by the terms and conditions on which such subscriptions are authorised.
(c) The usability of currencies received by the Association as supplementary resources other than subscriptions, and currencies derived therefrom as principal, interest or other charges, shall be governed by the terms of the arrangements pursuant to which such currencies are received.
(d) All other currencies received by the Association may be freely used and exchanged by the Association and shall not be subject to any restriction by the member whose currency is used or exchanged; provided that the foregoing shall not preclude the Association from entering into any arrangements with the member in whose territories any project financed by the Association is located restricting the use by the Association of such member's currency received as principal, interest or other charges in connection with such financing.
(e) The Association shall take appropriate steps to ensure that, over reasonable intervals of time, the portions of the subscriptions paid under Article II, Section 2 (d) by members listed in Part I of Schedule A shall be used by the Association on an approximately pro rata basis, provided, however, that such portions of such subscriptions as are paid in gold or in a currency other than that of the subscribing member may be used more rapidly.
Section 2. Maintenance of Value of Currency Holdings.
(a) Whenever the par value of a member's currency is reduced or the foreign exchange value of a member's currency has, in the opinion of the Association, depreciated to a significant extent within that member's territories, the member shall pay to the Association within a reasonable time an additional amount of its own currency sufficient to maintain the value, as of the time of subscription, of the amount of the currency of such member paid in to the Association by the member under Article II, Section 2 (d), and currency furnished under the provisions of the present paragraph, whether or not such currency is held in the form of notes accepted pursuant to Article II, Section 2 (e), provided, however, that the foregoing shall apply only so long as and to the extent that such currency shall not have been initially disbursed or exchanged for the currency of another member.
(b) Whenever the par value of a member's currency is increased, or the foreign exchange value of a member's currency has, in the opinion of the Association, appreciated to a significant extent within that member's territories, the Association shall return to such member within a reasonable time an amount of that member's currency equal to the increase in the value of the amount of such currency to which the provisions of paragraph (a) of this Section are applicable.
(c) The provisions of the preceding paragraphs may be waived by the Association when a uniform proportionate change in the par value of the currencies of all its members is made by the International Monetary Fund.
(d) Amounts furnished under the provisions of paragraph (a) of this Section to maintain the value of any currency shall be convertible and usable to the same extent as such currency.
Article V.
Operations.
Section 1. Use of Resources and Conditions of Financing.
(a) The Association shall provide financing to further development in the less-developed areas of the world included within the Association's membership.
(b) Financing provided by the Association shall be for purposes which in the opinion of the Association are of high developmental priority in the light of the needs of the area or areas concerned and, except in special circumstances, shall be for specific projects.
(c) The Association shall not provide financing if in its opinion such financing is available from private sources on terms which are reasonable for the recipient or could be provided by a loan of the type made by the Bank.
(d) The Association shall not provide financing except upon the recommendation of a competent committee, made after a careful study of the merits of the proposal. Each such committee shall be appointed by the Association and shall include a nominee of the Governor or Governors representing the member or members in whose territories the project under consideration is located and one or more members of the technical staff of the Association. The requirement that the committee include the nominee of a Governor or Governors shall not apply in the case of financing provided to a public international or regional organisation.
(e) The Association shall not provide financing for any project if the member in whose territories the project is located objects to such financing, except that it shall not be necessary for the Association to assure itself that individual members do not object in the case of financing provided to a public international or regional organisation.
(f) The Association shall impose no conditions that the proceeds of its financing shall be spent in the territories of any particular member or members. The foregoing shall not preclude the Association from complying with any restrictions on the use of funds imposed in accordance with the provisions of these Articles, including restrictions attached to supplementary resources pursuant to agreement between the Association and the contributor.
(g) The Association shall make arrangements to ensure that the proceeds of any financing are used only for the purposes for which the financing was provided, with due attention to considerations of economy, efficiency and competitive international trade and without regard to political or other non-economic influences or considerations.
(h) Funds to be provided under any financing operation shall be made available to the recipient only to meet expenses in connection with the project as they are actually incurred.
Section 2. Form and Terms of Financing.
(a) Financing by the Association shall take the form of loans. The Association may, however, provide other financing, either
(i) out of funds subscribed pursuant to Article III, Section 1, and funds derived therefrom as principal, interest or other charges, if the authorisation for such subscriptions expressly provides for such financing; or
(ii) in special circumstances, out of supplementary resources furnished to the Association, and funds derived therefrom as principal, interest or other charges, if the arrangements under which such resources are furnished expressly authorise such financing.
(b) Subject to the foregoing paragraph, the Association may provide financing in such forms and on such terms as it may deem appropriate, having regard to the economic position and prospects of the area or areas concerned and to the nature and requirements of the project.
(c) The Association may provide financing to a member, the government of a territory included within the Association's membership, a political subdivision of any of the foregoing, a public or private entity in the territories of a member or members, or to a public international or regional organisation.
(d) In the case of a loan to an entity other than a member, the Association may, in its discretion, require a suitable governmental or other guarantee or guarantees.
(e) The Association, in special cases, may make foreign exchange available for local expenditures.
Section 3. Modifications of Terms of Financing.
The Association may, when and to the extent it deems appropriate in the light of all relevant circumstances, including the financial and economic situation and prospects of the member concerned, and on such conditions as it may determine, agree to a relaxation or other modification of the terms on which any of its financing shall have been provided.
Section 4. Co-operation with Other International Organisations and Members Providing Development Assistance.
The Association shall co-operate with those public international organisations and members which provide financial and technical assistance to the less-developed areas of the world.
Section 5. Miscellaneous Operations.
In addition to the operations specified elsewhere in this Agreement, the Association may:
(i) borrow funds with the approval of the member in whose currency the loan is denominated;
(ii) guarantee securities in which it has invested in order to facilitate their sale;
(iii) buy and sell securities it has issued or guaranteed or in which it has invested;
(iv) in special cases, guarantee loans from other sources for purposes not inconsistent with the provisions of these Articles;
(v) provide technical assistance and advisory services at the request of a member; and
(vi) exercise such other powers incidental to its operations as shall be necessary or desirable in furtherance of its purposes.
Section 6. Political Activity Prohibited.
The Association and its officers shall not interfere in the political affairs of any member; nor shall they be influenced in their decisions by the political character of the member or members concerned. Only economic considerations shall be relevant to their decisions, and these considerations shall be weighed impartially in order to achieve the purposes stated in this Agreement.
Article VI.
Organisation and Management.
Section 1. Structure of the Association.
The Association shall have a Board of Governors, Executive Directors, a President and such other officers and staff to perform such duties as the Association may determine.
Section 2. Board of Governors.
(a) All the powers of the Association shall be vested in the Board of Governors.
(b) Each Governor and Alternate Governor of the Bank appointed by a member of the Bank which is also a member of the Association shall ex officio be a Governor and Alternate Governor, respectively, of the Association. No Alternate Governor may vote except in the absence of his principal. The Chairman of the Board of Governors of the Bank shall ex officio be Chairman of the Board of Governors of the Association except that if the Chairman of the Board of Governors of the Bank shall represent a state which is not a member of the Association, then the Board of Governors shall select one of the Governors as Chairman of the Board of Governors. Any Governor or Alternate Governor shall cease to hold office if the member by which he was appointed shall cease to be a member of the Association.
(c) The Board of Governors may delegate to the Executive Directors authority to exercise any of its powers, except the power to:
(i) admit new members and determine the conditions of their admission;
(ii) authorise additional subscriptions and determine the terms and conditions relating thereto;
(iii) suspend a member;
(iv) decide appeals from interpretations of this Agreement given by the Executive Directors;
(v) make arrangements pursuant to Section 7 of this Article to co-operate with other international organisations (other than informal arrangements of a temporary and administrative character);
(vi) decide to suspend permanently the operations of the Association and to distribute its assets;
(vii) determine the distribution of the Association's net income pursuant to Section 12 of this Article; and
(viii) approve proposed amendments to this Agreement.
(d) The Board of Governors shall hold an annual meeting and such other meetings as may be provided for by the Board of Governors or called by the Executive Directors.
(e) The annual meeting of the Board of Governors shall be held in conjunction with the annual meeting of the Board of Governors of the Bank.
(f) A quorum for any meeting of the Board of Governors shall be a majority of the Governors, exercising not less than two-thirds of the total voting power.
(g) The Association may by regulation establish a procedure whereby the Executive Directors may obtain a vote of the Governors on a specific question without calling a meeting of the Board of Governors.
(h) The Board of Governors, and the Executive Directors to the extent authorised, may adopt such rules and regulations as may be necessary or appropriate to conduct the business of the Association.
(i) Governors and Alternate Governors shall serve as such without compensation from the Association.
Section 3. Voting.
(a) Each original member shall, in respect of its initial subscription, have 500 votes plus one additional vote for each $5,000 of its initial subscription. Subscriptions other than initial subscriptions of original members shall carry such voting rights as the Board of Governors shall determine pursuant to the provisions of Article II, Section 1 (b) or Article III, Section 1 (b) and (c), as the case may be. Additions to resources other than subscriptions under Article II, Section 1 (b) and additional subscriptions under Article III, Section 1, shall not carry voting rights.
(b) Except as otherwise specifically provided, all matters before the Association shall be decided by a majority of the votes cast.
Section 4. Executive Directors.
(a) The Executive Directors shall be responsible for the conduct of the general operations of the Association, and for this purpose shall exercise all the powers given to them by this Agreement or delegated to them by the Board of Governors.
(b) The Executive Directors of the Association shall be composed ex officio of each Executive Director of the Bank who shall have been (i) appointed by a member of the Bank which is also a member of the Association, or (ii) elected in an election in which the votes of at least one member of the Bank which is also a member of the Association shall have counted towards his election. The Alternate to each such Executive Director of the Bank shall ex officio be an Alternate Director of the Association. Any Director shall cease to hold office if the member by which he was appointed, or if all the members whose votes counted towards his election, shall cease to be members of the Association.
(c) Each Director who is an appointed Executive Director of the Bank shall be entitled to cast the number of votes which the member by which he was appointed is entitled to cast in the Association. Each Director who is an elected Executive Director of the Bank shall be entitled to cast the number of votes which the member or members of the Association whose votes counted towards his election in the Bank are entitled to cast in the Association. All the votes which a Director is entitled to cast shall be cast as a unit.
(d) An Alternate Director shall have full power to act in the absence of the Director who shall have appointed him. When a Director is present, his Alternate may participate in meetings but shall not vote.
(e) A quorum for any meeting of the Executive Directors shall be a majority of the Directors exercising not less than one-half of the total voting power.
(f) The Executive Directors shall meet as often as the business of the Association may require.
(g) The Board of Governors shall adopt regulations under which a member of the Association not entitled to appoint an Executive Director of the Bank may send a representative to attend any meeting of the Executive Directors of the Association when a request made by, or a matter particularly affecting, that member is under consideration.
Section 5. President and Staff.
(a) The President of the Bank shall be ex officio President of the Association. The President shall be Chairman of the Executive Directors of the Association but shall have no vote except a deciding vote in case of an equal division. He may participate in meetings of the Board of Governors but shall not vote at such meetings.
(b) The President shall be chief of the operating staff of the Association. Under the direction of the Executive Directors he shall conduct the ordinary business of the Association and under their general control shall be responsible for the organisation, appointment and dismissal of the officers and staff. To the extent practicable, officers and staff of the Bank shall be appointed to serve concurrently as officers and staff of the Association.
(c) The President, officers and staff of the Association, in the discharge of their offices, owe their duty entirely to the Association and to no other authority. Each member of the Association shall respect the international character of this duty and shall refrain from all attempts to influence any of them in the discharge of their duties.
(d) In appointing officers and staff the President shall, subject to the paramount importance of securing the highest standards of efficiency and of technical competence, pay due regard to the importance of recruiting personnel on as wide a geographical basis as possible.
Section 6. Relationship to the Bank.
(a) The Association shall be an entity separate and distinct from the Bank and the funds of the Association shall be kept separate and apart from those of the Bank. The Association shall not borrow from or lend to the Bank, except that this shall not preclude the Association from investing funds not needed in its financing operations in obligations of the Bank.
(b) The Association may make arrangements with the Bank regarding facilities, personnel and services and arrangements for reimbursement of administrative expenses paid in the first instance by either organisation on behalf of the other.
(c) Nothing in this Agreement shall make the Association liable for the acts or obligations of the Bank, or the Bank liable for the acts or obligations of the Association.
Section 7. Relations with Other International Organisations.
The Association shall enter into formal arrangements with the United Nations and may enter into such arrangements with other public international organisations having specialised responsibilities in related fields.
Section 8. Location of Offices.
The principal office of the Association shall be the principal office of the Bank. The Association may establish other offices in the territories of any member.
Section 9. Depositories.
Each member shall designate its central bank as a depository in which the Association may keep holdings of such member's currency or other assets of the Association, or, if it has no central bank, it shall designate for such purpose such other institution as may be acceptable to the Association. In the absence of any different designation, the depository designated for the Bank shall be the depository for the Association.
Section 10. Channel of Communication.
Each member shall designate an appropriate authority with which the Association may communicate in connection with any matter arising under this Agreement. In the absence of any different designation, the channel of communication designated for the Bank shall be the channel for the Association.
Section 11. Publication of Reports and Provision of Information.
(a) The Association shall publish an annual report containing an audited statement of its accounts and shall circulate to members at appropriate intervals a summary statement of its financial position and of the results of its operations.
(b) The Association may publish such other reports as it deems desirable to carry out its purposes.
(c) Copies of all reports, statements and publications made under this Section shall be distributed to members.
Section 12. Disposition of Net Income.
The Board of Governors shall determine from time to time the disposition of the Association's net income, having due regard to provision for reserves and contingencies.
Article VII.
Withdrawal; Suspension of Membership; Suspension of Operations.
Section 1. Withdrawal by Members.
Any member may withdraw from membership in the Association at any time by transmitting a notice in writing to the Association at its principal office. Withdrawal shall become effective upon the date such notice is received.
Section 2. Suspension of Membership.
(a) If a member fails to fulfil any of its obligations to the Association, the Association may suspend its membership by decision of a majority of the Governors, exercising a majority of the total voting power. The member so suspended shall automatically cease to be a member one year from the date of its suspension unless a decision is taken by the same majority to restore the member to good standing.
(b) While under suspension, a member shall not be entitled to exercise any rights under this Agreement except the right of withdrawal, but shall remain subject to all obligations.
Section 3. Suspension or Cessation of Membership in the Bank.
Any member which is suspended from membership in, or ceases to be a member of, the Bank shall automatically be suspended from membership in, or cease to be a member of, the Association, as the case may be.
Section 4. Rights and Duties of Governments Ceasing to be Members.
(a) When a government ceases to be a member, it shall have no rights under this Agreement except as provided in this Section and in Article X (c), but it shall, except as in this Section otherwise provided, remain liable for all financial obligations undertaken by it to the Association, whether as a member, borrower, guarantor or otherwise.
(b) When a government ceases to be a member, the Association and the government shall proceed to a settlement of accounts. As part of such settlement of accounts, the Association and the government may agree on the amounts to be paid to the government on account of its subscription and on the time and currencies of payment. The term “subscription” when used in relation to any member government shall for the purposes of this Article be deemed to include both the initial subscription and any additional subscription of such member government.
(c) If no such agreement is reached within six months from the date when the government ceased to be a member, or such other time as may be agreed upon by the Association and the government, the following provisions shall apply:
(i) The government shall be relieved of any further liability to the Association on account of its subscription, except that the government shall pay to the Association forthwith amounts due and unpaid on the date when the government ceased to be a member and which in the opinion of the Association are needed by it to meet its commitments as of that date under its financing operations.
(ii) The Association shall return to the government funds paid in by the government on account of its subscription or derived therefrom as principal repayments and held by the Association on the date when the government ceased to be a member, except to the extent that in the opinion of the Association such funds will be needed by it to meet its commitments as of that date under its financing operations.
(iii) The Association shall pay over to the government a pro rata share of all principal repayments received by the Association after the date on which the government ceases to be a member on loans contracted prior thereto, except those made out of supplementary resources provided to the Association under arrangements specifying special liquidation rights. Such share shall be such proportion of the total principal amount of such loans as the total amount paid by the government on account of its subscription and not returned to it pursuant to clause (ii) above shall bear to the total amount paid by all members on account of their subscriptions which shall have been used or in the opinion of the Association will be needed by it to meet its commitments under its financing operations as of the date on which the government ceases to be a member. Such payment by the Association shall be made in instalments when and as such principal repayments are received by the Association, but not more frequently than annually. Such instalments shall be paid in the currencies received by the Association except that the Association may in its discretion make payment in the currency of the government concerned.
(iv) Any amount due to the government on account of its subscription may be withheld so long as that government, or the government of any territory included within its membership, or any political subdivision or any agency of any of the foregoing remains liable, as borrower or guarantor, to the Association, and such amount may, at the option of the Association, be applied against any such liability as it matures.
(v) In no event shall the government receive under this paragraph (c) an amount exceeding, in the aggregate, the lesser of the two following: (a) the amount paid by the government on account of its subscription, or (b) such proportion of the net assets of the Association, as shown on the books of the Association as of the date on which the government ceased to be a member, as the amount of its subscription shall bear to the aggregate amount of the subscriptions of all members.
(vi) All calculations required hereunder shall be made on such basis as shall be reasonably determined by the Association.
(d) In no event shall any amount due to a government under this Section be paid until six months after the date upon which the government ceases to be a member. If within six months of the date upon which any government ceases to be a member the Association suspends operations under Section 5 of this Article, all rights of such government shall be determined by the provisions of such Section 5 and such government shall be considered a member of the Association for purposes of such Section 5, except that it shall have no voting rights.
Section 5. Suspension of Operations and Settlement of Obligations.
(a) The Association may permanently suspend its operations by vote of a majority of the Governors exercising a majority of the total voting power. After such suspension of operations the Association shall forthwith cease all activities, except those incident to the orderly realisation, conservation and preservation of its assets and settlement of its obligations. Until final settlement of such obligations and distribution of such assets, the Association shall remain in existence and all mutual rights and obligations of the Association and its members under this Agreement shall continue unimpaired, except that no member shall be suspended or shall withdraw and that no distribution shall be made to members except as in this Section provided.
(b) No distribution shall be made to members on account of their subscriptions until all liabilities to creditors shall have been discharged or provided for and until the Board of Governors, by vote of a majority of the Governors exercising a majority of the total voting power, shall have decided to make such distribution.
(c) Subject to the foregoing, and to any special arrangements for the disposition of supplementary resources agreed upon in connection with the provision of such resources to the Association, the Association shall distribute its assets to members pro rata in proportion to amounts paid in by them on account of their subscriptions. Any distribution pursuant to the foregoing provision of this paragraph (c) shall be subject, in the case of any member, to prior settlement of all outstanding claims by the Association against such member. Such distribution shall be made at such times, in such currencies, and in cash or other assets as the Association shall deem fair and equitable. Distribution to the several members need not be uniform in respect of the type of assets distributed or of the currencies in which they are expressed.
(d) Any member receiving assets distributed by the Association pursuant to this Section or Section 4 shall enjoy the same rights with respect to such assets as the Association enjoyed prior to their distribution.
Article VIII.
Status, Immunities and Privileges.
Section 1. Purposes of Article.
To enable the Association to fulfil the functions with which it is entrusted, the status, immunities and privileges provided in this Article shall be accorded to the Association in the territories of each member.
Section 2. Status of the Association.
The Association shall possess full juridical personality and, in particular, the capacity:
(i) to contract;
(ii) to acquire and dispose of immovable and movable property;
(iii) to institute legal proceedings.
Section 3. Position of the Association with Regard to Judicial Process.
Actions may be brought against the Association only in a court of competent jurisdiction in the territories of a member in which the Association has an office, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities. No actions shall, however, be brought by members or persons acting for or deriving claims from members. The property and assets of the Association shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Association.
Section 4. Immunity of Assets from Seizure.
Property and assets of the Association, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation or any other form of seizure by executive or legislative action.
Section 5. Immunity of Archives.
The archives of the Association shall be inviolable.
Section 6. Freedom of Assets from Restrictions.
To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Association shall be free from restrictions, regulations, controls and moratoria of any nature.
Section 7. Privilege for Communications.
The official communications of the Association shall be accorded by each member the same treatment that it accords to the official communications of other members.
Section 8. Immunities and Privileges of Officers and Employees.
All Governors, Executive Directors, Alternates, officers and employees of the Association
(i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Association waives this immunity;
(ii) not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by members to the representatives, officials, and employees of comparable rank of other members;
(iii) shall be granted the same treatment in respect of travelling facilities as is accorded by members to representatives, officials and employees of comparable rank of other members.
Section 9. Immunities from Taxation.
(a) The Association, its assets, property, income and its operations and transactions authorised by this Agreement, shall be immune from all taxation and from all customs duties. The Association shall also be immune from liability for the collection or payment of any tax or duty.
(b) No tax shall be levied on or in respect of salaries and emoluments paid by the Association to Executive Directors, Alternates, officials or employees of the Association who are not local citizens, local subjects, or other local nationals.
(c) No taxation of any kind shall be levied on any obligation or security issued by the Association (including any dividend or interest thereon) by whomsoever held
(i) which discriminates against such obligation or security solely because it is issued by the Association; or
(ii) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Association.
(d) No taxation of any kind shall be levied on any obligation or security guaranteed by the Association (including any dividend or interest thereon) by whomsoever held
(i) which discriminates against such obligation or security solely because it is guaranteed by the Association; or
(ii) if the sole jurisdictional basis for such taxation is the location of any office or place of business maintained by the Association.
Section 10. Application of Article.
Each member shall take such action as is necessary in its own territories for the purpose of making effective in terms of its own law the principles set forth in this Article and shall inform the Association of the detailed action which it has taken.
Article IX.
Amendments.
(a) Any proposal to introduce modifications in this Agreement, whether emanating from a member, a Governor or the Executive Directors, shall be communicated to the Chairman of the Board of Governors who shall bring the proposal before the Board. If the proposed amendment is approved by the Board, the Association shall, by circular letter or telegram, ask all members whether they accept the proposed amendment. When three-fifths of the members, having four-fifths of the total voting power, have accepted the proposed amendments, the Association shall certify the fact by formal communication addressed to all members.
(b) Notwithstanding (a) above, acceptance by all members is required in the case of any amendment modifying
(i) the right to withdraw from the Association provided in Article VII, Section 1;
(ii) the right secured by Article III, Section 1 (c);
(iii) the limitation on liability provided in Article II, Section 3.
(c) Amendments shall enter into force for all members three months after the date of the formal communication unless a shorter period is specified in the circular letter or telegram.
Article X.
Interpretation and Arbitration.
(a) Any question of interpretation of the provisions of this Agreement arising between any member and the Association or between any members of the Association shall be submitted to the Executive Directors for their decision. If the question particularly affects any member of the Association not entitled to appoint an Executive Director of the Bank, it shall be entitled to representation in accordance with Article VI, Section 4 (g).
(b) In any case where the Executive Directors have given a decision under (a) above, any member may require that the question be referred to the Board of Governors, whose decision shall be final. Pending the result of the reference to the Board of Governors, the Association may, so far as it deems necessary, act on the basis of the decision of the Executive Directors.
(c) Whenever a disagreement arises between the Association and a country which has ceased to be a member, or between the Association and any member during the permanent suspension of the Association, such disagreement shall be submitted to arbitration by a tribunal of three arbitrators, one appointed by the Association, another by the country involved and an umpire who, unless the parties otherwise agree, shall be appointed by the President of the International Court of Justice or such other authority as may have been prescribed by regulation adopted by the Association. The umpire shall have full power to settle all questions of procedure in any case where the parties are in disagreement with respect thereto.
Article XI.
Final Provisions.
Section 1. Entry into Force.
This Agreement shall enter into force when it has been signed on behalf of governments whose subscriptions comprise not less than sixty-five per cent. of the total subscriptions set forth in Schedule A and when the instruments referred to in Section 2 (a) of this Article have been deposited on their behalf, but in no event shall this Agreement enter into force before September 15, 1960.
Section 2. Signature.
(a) Each government on whose behalf this Agreement is signed shall deposit with the Bank an instrument setting forth that it has accepted this Agreement in accordance with its law and has taken all steps necessary to enable it to carry out all of its obligations under this Agreement.
(b) Each government shall become a member of the Association as from the date of the deposit on its behalf of the instrument referred to in paragraph (a) above except that no government shall become a member before this Agreement enters into force under Section 1 of this Article.
(c) This Agreement shall remain open for signature until the close of business on December 31, 1960, at the principal office of the Bank, on behalf of the governments of the states whose names are set forth in Schedule A, provided that, if this Agreement shall not have entered into force by that date, the Executive Directors of the Bank may extend the period during which this Agreement shall remain open for signature by not more than six months.
(d) After this Agreement shall have entered into force, it shall be open for signature on behalf of the government of any state whose membership shall have been approved pursuant to Article II, Section 1 (b).
Section 3. Territorial Application.
By its signature of this Agreement, each government accepts it both on its own behalf and in respect of all territories for whose international relations such government is responsible except those which are excluded by such government by written notice to the Association.
Section 4. Inauguration of the Association.
(a) As soon as this Agreement enters into force under Section 1 of this Article the President shall call a meeting of the Executive Directors.
(b) The Association shall begin operations on the date when such meeting is held.
(c) Pending the first meeting of the Board of Governors, the Executive Directors may exercise all the powers of the Board of Governors except those reserved to the Board of Governors under this Agreement.
Section 5. Registration.
The Bank is authorised to register this Agreement with the Secretariat of the United Nations in accordance with Article 102 of the Charter of the United Nations and the Regulations thereunder adopted by the General Assembly.
Done at Washington, in a single copy which shall remain deposited in the archives of the International Bank for Reconstruction and Development, which has indicated by its signature below its agreement to act as depository of this Agreement, to register this Agreement with the Secretariat of the United Nations and to notify all governments whose names are set forth in Schedule A of the date when this Agreement shall have entered into force under Article XI, Section 1 hereof.
Schedule A—Initial Subscriptions.
(U.S. $ Millions)*
Part I
Australia | 20·18 | Japan | 33·59 | |
Austria | 5·04 | Luxembourg | 1·01 | |
Belgium | 22·70 | Netherlands | 27·74 | |
Canada | 37·83 | Norway | 6·72 | |
Denmark | 8·74 | Sweden | 10·09 | |
Finland | 3·83 | Union of South Africa | 10·09 | |
France | 52·96 | United Kingdom | 131·14 | |
Germany | 52·96 | United States | 320·29 | |
Italy | 18·16 | ____ | 763·07 |
Part II
Afghanistan | 1·01 | Israel | 1·68 | |
Argentina | 18·83 | Jordan | 0·30 | |
Bolivia | 1·06 | Korea | 1·26 | |
Brazil | 18·83 | Lebanon | 0·45 | |
Burma | 2·02 | Libya | 1·01 | |
Ceylon | 3·03 | Malaya | 2·52 | |
Chile | 3·53 | Mexico | 8·74 | |
China | 3·026 | Morocco | 3·53 | |
Colombia | 3·53 | Nicaragua | 0·30 | |
Costa Rica | 0·20 | Pakistan | 10·09 | |
Cuba | 4·71 | Panama | 0·02 | |
Dominican Republic | 0·40 | Paraguay | 0·30 | |
Ecuador | 0·65 | Peru | 1·77 | |
El Salvador | 0·30 | Philippines | 5·04 | |
Ethiopia | 0·50 | Saudi Arabia | 3·70 | |
Ghana | 2·36 | Spain | 10·09 | |
Greece | 2·52 | Sudan | 1·01 | |
Guatemala | 0·40 | Thailand | 3·03 | |
Haiti | 0·76 | Tunisia | 1·51 | |
Honduras | 0·30 | Turkey | 5·80 | |
Iceland | 0·10 | United Arab Republic | 6·03 | |
India | 40·35 | Uruguay | 1·06 | |
Indonesia | 11·10 | Venezuela | 7·06 | |
Iran | 4·54 | Viet-Nam | 1·51 | |
Iraq | 0·76 | Yugoslavia | 4·04 | |
Ireland | 3·03 | ____ | 236·93 | |
Total | 1,000·00 | |||
*In terms of United States dollars of the weight and fineness in effect on January 1, 1960.
Uimhir 35 de 1960.
AN tACHT UM CHOMHLACHAS FORBARTHA IDIRNÁISIÚNTA, 1960.
[An tiontú oifigiúil.]
Léiriú.
1.—San Acht seo—
ciallaíonn “an Comhaontú” an comhaontú, chun comhlacht idirnáisiúnta dá ngairfear an Comhlachas Forbartha Idirnáisiúnta a bhunú agus a oibriú, a bhfuil téacs a chuid Airteagal leagtha amach sa Sceideal a ghabhann leis an Acht seo;
ciallaíonn “an Comhlachas” an Comhlachas Forbartha Idirnáisiúnta a bunaíodh faoin gComhaontú.
Formheas ar théarmaí an Chomhaontaithe.
2.—Formheastar leis seo téarmaí an Chomhaontaithe.
Forálacha airgeadais agus forálacha eile.
3.—(1) Tiocfaidh na fo-ailt ina dhiaidh seo den alt seo i ngníomh an lá a shíneofar an Comhaontú thar ceann an Rialtais.
(2) Déanfar na híocaíochtaí seo a leanas, amhail mar agus nuair is iomchuí iad a íoc thar ceann an Rialtais, a íoc as an bPríomh-Chiste nó a thoradh fáis:
(a) íocaíochtaí faoi fho-ailt (a) go (d) d'Alt 2 d'Airteagal II den Chomhaontú,
(b) íocaíochtaí faoi Alt 1 d'Airteagal III den Chomhaontú,
(c) íocaíochtaí faoi mhír (a) d'Alt 2 d'Airteagal IV den Chomhaontú,
(d) íocaíochtaí faoi fhomhír (i) de mhír (c) d'Alt 4 d'Airteagal VII den Chomhaontú.
(3) Féadfaidh an tAire Airgeadais nótaí nó oibleagáidí eile, neamh-úsmhar agus doshannta, dá bhforáltear i bhfo-alt (e) d'Alt 2 d'Airteagal II den Chomhaontú a chruthnú agus a eisiúint, i cibé foirm is oiriúnach leis, chun an Chomhlachais, agus déanfar aon íocaíochtaí i leith aon nótaí nó oibleagáidí den sórt sin a chruthnófar agus a eiseofar amhlaidh a íoc as an bPríomh-Chiste nó a thoradh fáis.
(4) Féadfaidh an tAire Airgeadais aon suim nó suimeanna is gá faoi chomhair íocaíochtaí faoin alt seo a thógáil ar iasacht ó dhuine ar bith agus féadfaidh Banc na hÉireann an céanna a airleacan chuige agus, chun an céanna a thógáil ar iasacht, féadfaidh an tAire Airgeadais urrúis ar bith a chruthnú agus a eisiúint agus iad faoi cibé ráta úis agus faoi réir cibé coinníollacha i dtaobh aisíoca, fuascailte nó eile is oiriúnach leis.
(5) Déanfar príomhshuim agus ús aon urrús a eiseofar faoi fho-alt (4) den alt seo, agus na costais faoina rachfar i ndáil lena n-eisiúint, a mhuirearú ar an bPríomh-Chiste nó a thoradh fáis.
(6) Déanfar aon airgead a gheobhaidh an Rialtas ón gComhlachas nó a chruinneofar trí urrúis faoi fho-alt (4) den alt seo a chur chun creidiúna cuntais an Státchiste agus beidh sé ina chuid den Phríomh-Chiste agus beidh sé ar fáil in aon slí ina mbeidh an Príomh-Chiste ar fáil.
(7) Gníomhóidh Banc Ceannais na hÉireann mar thaisclann le haghaidh sealúchas d'airgeadra an Stáit agus sócmhainní eile de chuid an Chomhlachais agus féadfaidh sé aon suim nó suimeanna is gá faoi chomhair íocaíochtaí faoin alt seo a airleacan chun an Aire Airgeadais.
(8) Beidh feidhm dlí sa Stát ag forálacha Ailt 2, 3, 4, 5, 6, 7, 8 agus 9 d'Airteagal VIII den Chomhaontú, ar choinníoll nach ndéanfar aon ní san Alt sin 9 a fhorléiriú mar ní—
(i) a thugann teideal don Chomhlachas earraí a allmhairiú, saor ó dhleacht chustam, gan aon srian lena ndíol ina dhiaidh sin sa tír chun ar allmhairíodh iad,
(ii) a thugann aon díolúine don Chomhlachas ó dhleachtanna nó cánacha is cuid de phraghas na n-earraí a dhíolfar, nó
(iii) a thugann aon díolúine don Chomhlachas ó dhleachtanna nó cánacha nach bhfuil iontu ach táillí i leith seirbhísí a rinneadh.
Gearrtheideal.
4.—Féadfar an tAcht um Chomhlachas Forbartha Idirnáisiúnta, 1960, a ghairm den Acht seo.
AN SCEIDEAL.
Airteagail Chomhaontú an Chomhlachais Forbartha Idirnáisiúnta.
Na Rialtais a bhfuil an Comhaontú seo sínithe thar a gceann,
Á bhreithniú dóibh
Go ndéanann comhar le haghaidh cuspóirí forásacha geilleagracha, forbairt fholláin gheilleagair an domhain agus fás cothromach na trádála idirnáisiúnta caidreamh idirnáisiúnta a chothú a chuideodh le síocháin agus rathúnas ar fud an domhain;
Gur inmhianaithe luathú ar fhorbairt gheilleagrach as a dtiocfaidh caighdeáin mhaireachtála níos airde agus ascnamh geilleagrach agus ascnamh sóisialta sna tíortha is lú forbairt ní hé amháin ar mhaithe leis na tíortha sin féin ach ar mhaithe le muintir an domhain go léir freisin;
Go gcabhródh sé leis na cuspóirí sin a bhaint amach gluaiseacht chaipitil phoiblí agus chaipitil phríobháidigh a mhéadú chun cuidiú le forbairt acmhainn na dtíortha is lú forbairt,
comhaontaíonn siad mar leanas:
Airteagal Réamhráiteach.
Tá an Comhlachas Forbartha Idirnáisiúnta (dá ngairtear “an Comhlachas” anseo feasta) arna bhunú agus oibreoidh sé de réir na bhforálacha seo a leanas:
Airteagal I.
Cuspóirí.
Is iad cuspóirí an Chomhlachais forbairt gheilleagrach a chur ar aghaidh, táirgiúlacht a mhéadú agus, ar an gcuma sin, caighdeáin mhaireachtála a ardú sna limistéir is lú forbairt sa domhan atá i gcomhaltas an Chomhlachais, go háirithe trí airgead a sholáthar faoi chomhair a riachtanas tábhachtacha forbartha ar théarmaí níos so-oibrithe agus níos lú de mhuirear ar an gcomhardaíocht íocaíochtaí ná a ghabhann le gnáthiasachtaí, agus tríd sin cuidiú le cuspóirí forbartha an Bhainc Idirnáisiúnta le haghaidh Athinmhithe agus Forbairte (dá ngairtear “an Banc” anseo feasta) agus a ghníomhaíochtaí a fhorlíonadh.
Is faoi réim fhorálacha an Airteagail seo a dhéanfaidh an Comhlachas gach cinneadh.
Airteagal II.
Comhaltas; Suibscríobh Tosaigh.
Alt I. Comhaltas.
(a) Is iad comhaltaí bunaidh an Chomhlachais na comhaltaí sin den Bhanc atá ar liosta i Sceideal A a ghabhann leis seo agus a ghlacfaidh comhaltas sa Chomhlachas ar nó roimh an dáta a shonraítear in Airteagal XI, Alt 2 (c).
(b) Beidh comhaltas ar fáil do chomhaltaí eile an Bhainc cibé tráthanna agus de réir cibé téarmaí a chinnfidh an Comhlachas.
Alt 2. Suibscríobh Tosaigh.
(a) Nuair a ghlacfaidh comhalta comhaltas, suibscríobhfaidh sé an méid cistí a bheidh sannta dó. Suibscríobh tosaigh a thugtar anseo ar shuibscríobh den sórt sin.
(b) Is é suibscríobh tosaigh a shanntar do gach comhalta bunaidh an méid atá leagtha amach os coinne a ainme i Sceideal A, sainráite i dtéarmaí dollar na Stát Aontaithe den mheáchan agus den ghlaine a bhí i bhfeidhm 1 Eanáir, 1960.
(c) Beidh deich faoin gcéad de shuibscríobh tosaigh gach comhalta bhunaidh iníoctha in ór nó in airgeadra saorinchomhshóite mar leanas: caoga faoin gcéad laistigh de thríocha lá tar éis an dáta a thosóidh an Comhlachas ar oibríochtaí de bhun Airteagal XI, Alt 4, nó ar an dáta a thiocfaidh an comhalta bunaidh chun bheith ina chomhalta, cibé dáta acu is déanaí; dó dhéag go leith faoin gcéad bliain tar éis tosú ar oibríochtaí an Chomhlachais; agus dó dhéag go leith faoin gcéad gach bliain dá éis sin, bliain ó chéile, go dtí go mbeidh an chuid deich faoin gcéad den suibscríobh tosaigh íoctha go hiomlán.
(d) Beidh an nócha faoin gcéad eile de shuibscríobh tosaigh gach comhalta bhunaidh iníoctha in ór nó in airgeadra saorinchomhshóite i gcás comhaltaí atá ar liosta i gCuid I de Sceideal A agus in airgeadra an chomhalta shuibscríofa i gcás comhaltaí atá ar liosta i gCuid II de Sceideal A. Beidh an cion nócha faoin gcéad sin de shuibscríobh tosaigh comhaltaí bunaidh iníoctha ina chúig thráthchuid bhliantúla chomhionanna mar leanas: an chéad tráthchuid den sórt sin laistigh de thríocha lá tar éis an dáta a thosóidh an Comhlachas ar oibríochtaí de bhun Airteagal XI, Alt 4, nó ar an dáta a thiocfaidh an comhalta bunaidh chun bheith ina chomhalta, cibé dáta acu is déanaí; an dara tráthchuid bliain tar éis tosú ar oibríochtaí an Chomhlachais, agus tráthchodanna ina dhiaidh sin gach bliain ina dhiaidh sin, bliain ó chéile, go dtí go mbeidh an cion nócha faoin gcéad den suibscríobh tosaigh íoctha go hiomlán.
(e) Glacfaidh an Comhlachas ó aon chomhalta, in ionad aon chuid d'airgeadra an chomhalta a bheidh íoctha nó iníoctha ag an gcomhalta faoin bhfo-alt (d) roimhe seo nó faoi Alt 2 d'Airteagal IV agus nach mbeidh ag teastáil ón gcomhlachas le haghaidh a oibríochtaí, nótaí nó oibleagáidí dá samhail a d'eisigh rialtas an chomhalta nó an taisclann a bheidh ainmnithe ag an gcomhalta sin, agus a bheidh doshannta, neamh-úsmhar agus iníoctha ar a bpar-luach ar éileamh le cuntas an Chomhlachais sa taisclann ainmnithe.
(f) Chun críocha an Chomhaontaithe seo measfaidh an Comhlachas gur “airgeadra saor-inchomhshóite”:
(i) airgeadra de chuid comhalta a gcinnfidh an Comhlachas, tar éis dul i gcomhairle leis an gCiste Airgeadaíochta Idirnáisiúnta, atá sáthach inchomhshóite in airgeadraí comhaltaí eile chun críocha oibríochtaí an Chomhlachais; nó
(ii) airgeadra de chuid comhalta a gcomhaontóidh an comhalta sin, ar théarmaí a shasóidh an Comhlachas, a mhalairtiú ar airgeadraí comhaltaí eile chun críocha oibríochtaí an Chomhlachais.
(g) Ach amháin mar a gcomhaontóidh an Comhlachas lena mhalairt, cothabhálfaidh gach comhalta atá ar liosta i gCuid I de Sceideal A, maidir le hairgeadra a d'íoc sé mar airgeadra saor-inchomhshóite de bhun fho-alt (d) den Alt seo, an chomhshóiteacht chéanna a bhí ann an tráth a rinneadh an íocaíocht.
(h) Cinnfidh an Comhlachas de bhun Alt 1 (b) den Airteagal seo na coinníollacha ar a bhféadfaidh comhaltaí seachas comhaltaí bunaidh suibscríobh tosaigh, a dhéanamh agus fós méideanna agus téarmaí íoca an chéanna.
Alt 3. Teorainn le Dliteanas.
Ní bheidh aon chomhalta faoi dhliteanas, mar gheall ar a chomhaltas, i leith oibleagaidí de chuid an Chomhlachais.
Airteagal III.
Cur le hAcmhainn.
Alt 1. Suibscríobh Breise.
(a) Déanfaidh an Comhlachas, cibé tráthanna is iomchuí leis i bhfianaise an sceidil chun na híocaíochtaí deiridh a dhéanamh i leith suibscríobh tosaigh comhaltaí bunaidh, agus i gceann gach cúigiú bliain nó mar sin dá éis sin, a bhreithniú an bhfuil dóthain acmhainne aige agus, má mheasann sé gur inmhianaithe sin, údaróidh sé an suibscríobh a mhéadú i gcoitinne. D'ainneoin na méide sin roimhe seo, féadfar, aon tráth, a údarú an suibscríobh a mhéadú i gcoitinne nó i gcás comhalta aonair, ar choinníoll nach mbreithneofar méadú i gcás comhalta aonair ach amháin ar iarratas ón gcomhalta sin. Suibscríobh breise a thugtar anseo ar shuibscríobh de bhun an Ailt seo.
(b) Faoi réir fhorálacha mhír (c) thíos, nuair a údarófar suibscríobh breise, is mar a chinnfidh an Comhlachas a bheidh na suimeanna a údarófar le suibscríobh agus na téarmaí agus na coinníollacha a bhainfidh leis sin.
(c) Nuair a údarófar aon suibscríobh breise, tabharfar deis do gach comhalta suim a shuibscríobh, ar cibé coinníollacha a chinnfidh an Comhlachas le réasún, a chumasóidh dó a chumhacht choibhneasach vótála a chothabháil, ach ní chuirfear d'oibleagáid ar aon chomhalta suibscríobh.
(d) Is trí thromlach dhá thrian den chumhacht iomlán vótála a dhéanfar gach cinneadh faoin Alt seo.
Alt 2. Acmhainn Fhorlíontach a Sholáthróidh Comhalta in Airgeadra Comhalta eile.
(a) Féadfaidh an Comhlachas comhshocraíochtaí a dhéanamh, ar cibé téarmaí agus coinníollacha a bheidh ar comhréir le forálacha an Chomhaontaithe seo agus ar a gcomhaontófar, acmhainn fhorlíontach in airgeadra comhalta eile a ghlacadh ó chomhalta ar bith i dteannta na suimeanna is iníoctha ag an gcomhalta sin i leith a shuibscríobh thosaigh nó aon suibscríobh bhreise, ar choinníoll nach ndéanfaidh an Comhlachas aon chomhshocraíocht den sórt sin mura deimhin leis an gComhlachas go n-aontaíonn an comhalta arb é a airgeadra a bheidh i gceist leis an airgeadra sin a úsáid mar acmhainn bhreise agus leis na téarmaí agus na coinníollacha a bhainfidh leis an úsáid sin. Na comhshocraíochtaí faoina nglacfar aon acmhainn den sórt sin féadfaidh forálacha a bheith iontu maidir le diúscairt an tuillimh ón acmhainn agus maidir le diúscairt na hacmhainne má scoireann an comhalta a sholáthraigh iad de bheith ina chomhalta nó má bhuanfhionraíonn an Comhlachas a oibríochtaí.
(b) Seachadfaidh an Comhlachas don chomhalta a rinne suibscríobh Deimhniú Forbartha Speisialta ag insint méid agus airgeadra na hacmhainne a suibscríobhadh amhlaidh agus téarmaí agus coinníollacha na gcomhshocraíochtaí a bhaineann leis an acmhainn sin. Ní bheidh aon chearta vótála ag gabháil le Deimhniú Forbartha Speisialta agus ní bheidh sé inaistrithe ach chun an Chomhlachais amháin.
(c) Ní stopfaidh aon ní san Alt seo an Comhlachas ó acmhainn a ghlacadh ó chomhalta ina airgeadra féin ar cibé téarmaí ar a gcomhaontófar.
Airteagal IV.
Airgeadraí.
Alt 1. Usáid Airgeadraí.
(a) Aon airgeadra de chuid chomhalta atá ar liosta i gCuid II de Sceideal A, cibé is airgeadra saor-inchomhshóite é nó nach ea, a gheobhaidh an Comhlachas de bhun Airteagal II, Alt 2 (d), mar íocaíocht ar an gcion nócha faoin gcéad is iníoctha faoin gcéanna in airgeadra an chomhalta sin, agus aon airgeadra de chuid an chomhalta sin a gheofar ón gcéanna mar phríomhshuim, ús nó muirir eile, féadfaidh an Comhalachas é a úsáid le haghaidh costais riaracháin faoina rachaidh an Comhlachas i gcríocha an chomhalta sin agus, a mhéid a bheidh sin de réir bheartas diongbh álta airgeadaíochta, ag íoc as earraí agus seirbhísí a cuireadh ar fáil i gcríocha an chomhalta sin agus a bheidh ag teastáil le haghaidh tionscadal a bheidh á n-airgeadasú ag an gComhlachas agus a bheidh sna críocha sin; agus ina theannta sin nuair is cóir agus a mhéid is cóir sin de réir bail gheilleagair agus airgeadais an chomhalta lena mbainfidh mar a chinnfear sin trí chomhaontú idir an comhalta agus an Comhlachas, beidh an t-airgeadra sin saor-inchómhshóite nó inúsáidte thairis sin le haghaidh tionscadal a bheidh á n-airgeadasú ag an gComhlachas agus a bheidh lasmuigh de chríocha an chomhalta.
(b) Beidh inúsáidteacht airgeadraí a gheobhaidh an Comhlachas mar íocaíocht i leith suibscríbh seachas suibscríobh bunaidh ó chomhaltaí bunaidh, agus airgeadraí a gheofar ón gcéanna mar phríomhshuim, ús nó muirir eile, faoi chuimsiú na dtéarmaí agus na gcoinníollacha ar a mbeidh an suibscríobh sin údaraithe.
(c) Beidh inúsáideacht airgeadraí a gheobhaidh an Comhlachan mar acmhainn fhorlíontach seachas suibscríobh, agus airgeadraí a gheofar ón gcéanna mar phríomhshuim, ús nó muirir eile, faoi chuimsiú téarmaí na gcomhshocraíochtaí ar dá mbun a gheofar na hairgeadraí sin.
(d) Féadfaidh an Comhlachas na hairgeadraí eile go léir a gheobhaidh an Comhlachas a úsáid agus a mhalartú go saoráideach agus ní bheidh siad faoi réir srianta ón gcomhalta arb é a airgeadra a úsáidfear nó a mhalartófar; ar choinníoll nach stopfaidh an méid sin roimhe seo an Comhlachas ó aon chomhshocraíochtaí a dhéanamh leis an gcomhalta ar ina chríocha a bheidh aon tionscadal a bheidh á airgeadasú ag an gComhlachas ag cur srian leis an gComhlachas d'úsáid airgeadra de chuid an chomhalta sin a fuarthas mar phríomhshuim, ús nó muirir eile i ndáil leis an airgeadasú sin.
(e) Déanfaidh an Comhlachas bearta iomchuí chun a áirithiú go ndéanfaidh an Comhlachas, thar tréimhsí réasúnacha, na ceana den suibscríobh a bheidh déanta faoi Airteagal II, Alt 2 (d) ag comhaltaí atá ar liosta i gCuid I de Sceideal A a úsáid ar fhoras pro rata, faoi nó thairis, ar choinníoll, ámh, go bhféadfar na ceana sin den suibscríobh sin a íocfar ina ór nó in airgeadra seachas airgeadra an chomhalta a rinne suibscríobh a úsáid níos tapaidh.
Alt 2. Luach Sealúchas Airgeadra a Chothabháil.
(a) Aon uair a bheidh par-luach airgeadra comhalta tar éis laghdú nó a bheidh luach iomlaoide coigríche comhalta tar éis laghdú go suaitheantasach, i dtuairim an Chomhlachais, i gcríocha an chomhalta sin, íocfaidh an comhalta leis an gComhlachas, laistigh de thréimhse réasúnach, suim breise dá airgeadra féin is leor chun an luach ab fhiú, amhail mar bhí nuair a rinneadh an suibscríobh, an tsuim d'airgeadra an chomhalta sin a d'íoc an comhalta sin leis an gComhalachas faoi Airteagal II, Alt 2 (d), agus airgeadra a tugadh faoi fhorálacha na míre seo, cibé acu a bheidh nó nach mbeidh an t-airgeadra sin ar láimh i modh nótaí lenar glacadh de bhun Airteagal II, Alt 2 (e), ar choinníoll nach mbeidh feidhm ag an méid sin roimhe seo ach amháin an fad nach mbeidh agus a mhéid nach mbeidh an t-airgeadra sin íoctha amach nó malartaithe, ar dtús, ar airgeadra comhalta eile.
(b) Aon uair a bheidh par-luach airgeadra comhalta tar éis méadú, nó a bheidh luach iomlaoide coigríche airgeadra comhalta tar éis méadú go suaitheantasach, i dtuairim an Chomhlachais, i gcríocha an chomhalta sin, tabharfaidh an Comhlachas ar ais don chomhalta sin, laistigh de thréimhse réasúnach, suim d'airgeadra an chomhalta sin is comhionann leis an méadú ar luach na suime sin den airgeadra sin ar infheidhmithe forálacha mhír (a) den Alt seo ina leith.
(c) Féadfaidh an Comhlachas forálacha na míreanna sin roimhe seo a tharscaoileadh nuair dhéanfaidh an Ciste Airgeadaíochta Idirnáisiúnta athrú comhionann comhréir ar phar-luach airgeadraí a chomhaltaí go léir.
(d) Aon suimeanna a thabharfar faoi fhorálacha mhír (a) den alt seo chun luach aon airgeadra a chothabháil beidh siad inchomhshóite agus inúsáidte a mhéid chéanna is inchomhshóite agus is inúsáidte an t-airgeadra sin.
Airteagal V.
Oibríochtaí.
Alt 1. Acmhainn a Úsáid agus Coinníollacha Airgeadasaithe.
(a) Soláthróidh an Comhlachas airgeadasú chun forbairt a chur ar aghaidh sna ceantair is lú forbairt den domhan atá i gcomhaltas an Chomhlachais.
(b) An t-airgeadasú a sholáthróidh an Comhlachas is le haghaidh críocha é a bhfuil, i dtuairim an Chomhlachais, tosaíocht mhór forbartha acu i bhfianaise riachtanas an cheantair nó na gceantar a bheidh i gceist agus is le haghaidh tionscadal sonracha é ach amháin in imthoscaí speisialta.
(c) Ní sholáthróidh an Comhlachas airgeadasú más é a thuairim go bhfuil airgeadasú den sórt sin ar fáil ó fhoinsí príobháideacha ar théarmaí atá réasúnach don fháltóir nó go bhféadfaí é a sholáthar trí iasacht den sórt sin ón mBanc.
(d) Ní sholáthróidh an Comhlachas airgeadasú ach amháin ar mholadh ó choiste inniúil, arna dhéanamh tar éis tuillteanais an togra a scrúdú go cúramach. Is é an Comhlachas a cheapfaidh gach coiste den sórt sin agus beidh air ainmní ón Rialtóir nó ó na Rialtóirí a bheidh mar ionadaí don chomhalta nó do na comhaltaí ar ina chríocha nó ina gcríocha a bheidh an tionscadal a bheidh faoi bhreithniú agus comhalta amháin nó níos mó d'fhoireann teicniúil an Chomhlachais. Ní bheidh feidhm i gcás airgeadasú a sholáthrófar d'eagras poiblí idirnáisiúnta nó d'eagras poiblí réigiúin ag an gceanglas go mbeidh ainmní ar an gcoiste ó Rialtóir nó Rialtóirí.
(e) Ní sholáthróidh an Comhlachas airgeadasú le haghaidh aon tionscadail má chuireann an comhalta ar ina chríocha atá an tionscadal i gcoinne airgeadasú den sórt sin, ach amháin nach gá don Chomhlachas a dheimhniú dó féin nach gcuirfidh comhaltaí aonair i gcoinne airgeadasú a sholáthrófar d'eagras poiblí idirnáisiúnta nó d'eagras poiblí réigiúin.
(f) Ní fhorchuirfidh an Comhlachas aon choinníollacha gur i gcríocha aon chomhalta nó comhaltaí áirithe a chaithfear an fáltas ón airgeadasú. Ní stopfaidh an méid sin roimhe seo an Comhlachas ó dhéanamh de réir aon sriantachtaí maidir le húsáid cistí a fhorchuirfear de réir fhorálacha na nAirteagal seo, lena n-áirítear sriantachtaí a chuirfear ag gabháil le hacmhainn fhorlíontach de bhun comhaontú idir an Comhlachas agus an ranníocóir.
(g) Déanfaidh an Comhlachas comhshocraíochtaí chun a chinntiú gur chun na gcríocha sin amháin dar soláthraíodh aon airgeadasú a úsáidfear an fáltas ón airgeadasú, maille le haird chuí ar dhálaí tíobhais, éifeachtúlachta agus trádála iomaíochta idirnáisiúnta agus gan aon aird ar thionchuir ná dálaí polaitíochta ná dálaí eile nach den gheilleagar iad.
(h) Is amháin faoi chomhair costas i ndáil leis an tionscadal de réir mar a rachfar iarbhír faoin gcostas sin a dhéanfar cistí a sholáthrófar faoi aon oibríocht airgeadasaithe a chur ar fáil don fháltóir.
Alt 2. Gné agus Téarmaí Airgeadasaithe.
(a) Is trí iasachtaí a thabhairt a sholáthróidh an Comhlachas airgeadasú. Féadfaidh an Comhlachas airgeadasú eile a sholáthar
(i) as cistí a suibscríobhadh de bhun Airteagal III, Alt 1, agus as cistí a fuarthas ó na cistí sin mar phríomhshuim, ús nó muirir eile, má bhíonn foráil shainráite don airgeadasú sin san údarás don suibscríobh sin; nó
(ii) in imthoscaí speisialta, as acmhainn fhorlíontach a tugadh don Chomhlachas, agus as cistí a fuarthas ón acmhainn sin mar phríomhshuim, ús nó muirir eile, má bhíonn údarás sainráite don airgeadasú sin sna comhshocraíochtaí faoinar tugadh an acmhainn sin.
(b) Faoi réir na míre sin roimhe seo, féadfaidh an Comhlachas airgeadasú a sholáthar faoi cibé gnéithe agus ar cibé téarmaí is iomchuí leis, ag féachaint do staid agus ionchais gheilleagair an cheantair nó na gceantar lena mbainfidh agus do nádúir agus riachtanais an tionscadail.
(c) Féadfaidh an Comhlachas airgeadasú a sholáthar do chomhalta, do rialtas críche i gcomhaltas an Chomhlachais, d'fho-roinn pholaiticiúil d'aon cheann acu sin roimhe seo, d'entitas poiblí nó príobháideach i gcríocha comhalta nó comhaltaí nó d'eagras poiblí idirnáisiúnta nó d'eagras poiblí réigiúin.
(d) I gcás iasacht d'entitas seachas comhalta, féadfaidh an Comhlachas, mar is rogha leis, ráthaíocht oiriúnach nó ráthaíochaít oiriúnacha rialtais nó ráthaíocht oiriúnach nó ráthaíochtaí oiriúnacha eile a éileamh.
(e) Féadfaidh an Comhlachas, i gcásanna speisialta, iomlaoid choigríche a chur ar fáil le haghaidh caiteachas áitiúla.
Alt 3. Téarmaí Airgeadasaithe a Mhodhnú.
Féadfaidh an Comhlachas, nuair agus a mhéid a mheasfaidh sé is iomchuí sin ag féachaint do na himthoscaí iomchuí go léir, lena n-áiritear staid agus ionchais airgeadais agus gheilleagair an chomhalta lena mbainfidh, agus ar cibé téarmaí a chinnfidh sé, comhaontú leis na téarmaí ar a mbeidh aon chuid dá airgeadasú soláthraithe a bhogadh nó a mhodhnú ar slí eile.
Alt 4. Comhar le hEagrais Idirnáisiúnta eile agus le Comhaltaí a Sholáthróidh Cúnamh Forbartha.
Déanfaidh an Comhlachas comhar leis na heagrais phoiblí idirnáisiúnta agus na comhaltaí sin a sholáthraíonn cúnamh airgeadasaithe agus cúnamh teicnice do na ceantair sa domhan is lú forbairt.
Alt 5. Oibríochtaí Ilghnéitheacha.
I dteannta na n-oibríochtaí a shonraítear in áiteanna eile sa Chomhaontú seo, féadfaidh an Comhlachas:
(i) cistí a fháil ar iasacht le ceadú an chomhalta arb ina airgeadra a bheidh an iasacht ainmnithe;
(ii) urrúis ina mbeidh infheistithe aige a ráthú lena ndíol a éascú;
(iii) urrúis a bheidh eisithe nó ráthaithe aige nó ina mbeidh infheistithe aige a cheannach agus a dhíol;
(iv) i gcásanna speisialta, ráthú le hiasachtaí ó fhoinsí eile le haghaidh críocha nach mbeidh ar neamhréir le forálacha na n-Airteagal seo;
(v) cúnamh teicnice agus seirbhísí comhairleacha a sholáthar ar iarratas ó chomhalta; agus
(vi) cibé cumhachtaí eile i ndáil lena oibríochtaí a fheidhmiú is gá nó is inmhianaithe chun a chuspóirí a chur ar aghaidh.
Alt 6. Toirmeasc ar ghníomhacht pholaiticiúil.
Ní chuirfidh an Comhlachas ná a oifigigh isteach ar chúrsaí polaitíochta aon chomhalta; agus, le linn dóibh cinneadh a dhéanamh, ní ghlacfaidh siad aon tionchar ó ghné pholaitíochta an chomhalta nó na gcomhaltaí a bheidh i gceist. Is cúrsaí geilleagair amháin a bheidh mar fhoras le gach cinneadh a dhéanfaidh siad agus breithneofar na cúrsaí sin go neamhchlaon chun na cuspóirí a luaitear sa Chomhaontú seo a bhaint amach.
Airteagal VI.
Eagraíocht agus Bainistí.
Alt 1. Comhdhéanamh an Chomhlachais.
Beidh ag an gComhlachas Bord Rialtóirí, Stiúrthóirí Feidhmiúcháin, Uachtarán agus cibé oifigigh agus foireann eile chun cibé dualgais a dhéanamh a chinnfidh an Comhlachas.
Alt 2. An Bord Rialtóirí.
(a) Beidh cumhachtaí uile an Chomhlachais dílsithe sa Bhord Rialtóirí.
(b) Gach Rialtóir agus gach Rialtóir Malartach den Bhanc a cheap comhalta den Bhanc ar comhalta den Chomhlachas é freisin beidh sé, ex officio, ina Rialtóir nó ina Rialtóir Malartach, faoi seach, den Chomhlachas. Ní fhéadfaidh aon Rialtóir Malartach vótáil ach nuair a bheidh a phríomhaí as láthair. Beidh Cathaoirleach Bhord Rialtóirí an Bhainc ina Chathaoirleach ex officio ar Bhord Rialtóirí an Chomhlachais ach amháin más ionadaí stáit nach comhalta den Chomhaltas Cathaoirleach Bhord Rialtóirí an Bhainc, ansin roghnóidh an Bord Rialtóirí duine de na Rialtóirí chun bheith ina Chathaoirleach ar an mBord Rialtóirí. Scoirfidh aon Rialtóir nó Rialtóir Malartach d'oifig a shealbhú má scoireann an comhalta a cheap é de bheith ina chomhalta den Chomhlachas.
(c) Féadfaidh an Bord Rialtóirí údarás a tharmligean chun na Stiúrthóirí Feidhmiúcháin chun aon chumhacht dá chuid a fheidhmiú, ach amháin an chumhacht chun:
(i) comhaltaí nua a ghlacadh agus coinníollacha a nglactha a chinneadh;
(ii) suibscríobh breise a údarú agus na téarmaí agus na coinníollacha a bhainfidh leis sin a chinneadh;
(iii) comhalta a fhionraí;
(iv) cinneadh a dhéanamh ar achomhairc i gcoinne léirithe a dhéanfaidh na Stiúrthóirí Feidhmiúcháin ar an gComhaontú seo;
(v) comhshocraíochtaí a dhéanamh de bhun Alt 7 den Airteagal seo chun comhoibriú le heagrais idirnáisiúnta eile (seachas comhshocraíochtaí neamhfhoirmiúla sealadacha agus riaracháin);
(vi) cinneadh ar oibríochtaí an Chomhlachais a bhuanfhionraí agus a shócmhainní a imdháil;
(vii) imhdáil ghlan-ioncam an Chomhlachais de bhun Alt 12 den Airteagal seo a chinneadh; agus
(viii) leasuithe a bheidh beartaithe a dhéanamh ar an gComhaontú seo a fhormheas.
(d) Beidh cruinniú bliantúil den Bhord Rialtóirí ann agus cibé cruinnithe eile dá ndéanfaidh an Bord Rialtóirí socrú nó a ghairfidh na Stiúrthóirí Feidhmiúcháin.
(e) Comórfar cruinniú bliantúil an Bhoird Rialtóirí i gcomhréim le cruinniú bliantúil Bhord Rialtóirí an Bhainc.
(f) Is é is córam d'aon cruinniú den Bhord Rialtóirí tromlach na Rialtóirí a bhfuil dhá thrian ar a laghad den chumhacht vótála iomlán acu.
(g) Féadfaidh an Comhlachas, le rialachán, nós imeachta a bhunú trína bhféadfaidh na Stiúrthóirí Feidhmiúcháin vóta na Rialtóirí a fháil ar cheist shonrach gan cruinniú den Bhord Rialtóirí a ghairm.
(h) Féadfaidh an Bord Rialtóirí, agus na Stiúrthóirí Feidhmiúcháin a mhéid a údarófar sin, cibé rialacha agus rialacháin a ghlacadh chucu is gá nó is cuí chun gnó an Chomhlachais a sheoladh.
(i) Fónfaidh na Rialtóirí agus na Rialtóirí Malartacha sa cháil sin gan cúiteamh ón gComhlachas.
Alt 3. Vótáil.
(a) Beidh ag gach comhalta bunaidh, i leith a shuibscríbh thosaigh, 500 vóta móide vóta breise in aghaidh gach $5,000 dá shuibscríobh tosaigh. Beidh ag gabháil le suibscríobh seachas suibscríobh tosaigh a dhéanfaidh comhaltaí bunaidh cibé cearta vótála a chinnfidh an Bord Rialtóirí de bhun fhorálacha Airteagal II, Alt 1 (b) nó Airteagal III, Alt 1 (b) agus (c), de réir mar a bheidh. Ní bheidh aon chearta vótála ag gabháil le, breiseanna a chuirfear le hacmhainn seachas suibscríobh faoi Airteagal II, Alt 1 (b) agus suibscríobh breise faoi Airteagal III Alt 1.
(b) Ach amháin mar a bhforáiltear a mhalairt go sainráiteach déanfar gach ábhar os comhair an Chomhlachais a chinneadh le tromlach na vótaí a chaithfear.
Alt 4. Na Stiúrthóirí Feidhmiúcháin.
(a) Beidh na Stiúrthóirí Feidhmiúcháin freagrach in oibríochtaí ginearálta an Chomhlachais a sheoladh agus chuige sin feidhmeoidh siad na cumhachtaí uile a thugtar dóibh leis an gComhaontú seo nó a thairmligfidh an Bord Rialtóirí chucu.
(b) Is iad seo a bheidh ina Stiúrthóirí Feidhmiúcháin ar an gComhlachas iad seo a leanas, ex officio, gach Stiúrthóir Feidhmiúcháin ar an mBanc a bheidh (i) arna cheapadh ag comhalta den Bhanc ar comhalta den Chomhlachas é freisin nó a bheidh (ii) arna thoghadh i dtoghachán ina ndearnadh vótaí chomhalta amháin ar a laghad den Bhanc ar comhalta den Chomhlachas é freisin a áireamh chun a thofa. Beidh Malartach gach duine acu sin is Stiúrthóir Feidhmiúcháin ar an mBanc ina Stiúrthóir Malartach ex officio ar an gComhlachas. Scoirfidh aon Stiúrthóir d'oifig a shealbhú má scoireann an comhalta a cheap é, nó má scoireann na comhaltaí go léir ar áiríodh a vótaí chun a thofa, de bheith ina gcomhaltaí den Chomhlachas.
(c) Beidh teideal ag gach Stiúrthóir a ceapadh ina Stiúrthóir Feidhmiúcháin ar an mBanc an méid vótaí a chaitheamh a bheidh de theideal ag an gcomhalta a cheap é amhlaidh a chaitheamh sa Chomhlachas. Beidh teideal ag gach Stiúrthóir a toghadh ina Stiúrthóir Feidhmiúcháin ar an mBanc an méid vótaí a chaitheamh a bheidh de theideal ag an gcomhalta nó ag na comhaltaí den Chomhlachas ar áiríodh a vótaí chun a thofa sa Bhanc a chaitheamh sa Chomhlachas. Is mar aonad a chaithfear na vótaí uile a bheidh teideal ag Stiúrthóir a chaitheamh.
(d) Beidh lán-chumhacht ag Stiúrthóir Malartach gníomhú nuair a bheidh an Stiúrthóir a cheap é as láthair. Nuair a bheidh Stiúrthóir i láthair, féadfaidh a Mhalartach páirt a ghlacadh i gcruinnithe ach ní vótálfaidh sé.
(e) Is é is córam d'aon chruinniú de na Stiúrthóirí Feidhmiúcháin tromlach de na Stiúrthóirí a bhfuil leath na cumhachta vótála iomláine ar a laghad acu.
(f) Beidh cruinniú de na Stiúrthóirí Feidhmiúcháin ann a mhinicí is gá le haghaidh gnó an Chomhlachais.
(g) Glacfaidh an Bord Rialtóirí chucu rialacháin faoina bhféadfaidh comhalta den Chomhlachas nach bhfuil teideal aige Stiúrthóir Feidhmiúcháin ar an mBanc a cheapadh ionadaí a chur chun freastal ag aon chruinniú de Stiúrthóirí Feidhmiúcháin an Chomhlachais nuair a bheidh aon iarratas ón gcomhalta sin, nó aon ní a bhainfidh leis go háirithe, á bhreithniú.
Alt 5. An tUachtarán agus an Fhoireann.
(a) Beidh Uachtarán an Bhainc ina Uachtarán ex officio ar an gComhlachas. Beidh an tUachtarán ina Chathaoirleach ar Stiúrthóirí Feidhmiúcháin an Chomhlachais ach ní bheidh aon vóta aige ach amháin vóta réitigh i gcás comhionannais vótála. Féadfaidh sé páirt a ghlacadh i gcruinnithe an Bhoird Rialtóirí, ach ní vótalfaidh sé ag na cruinnithe sin.
(b) Beidh an tUachtarán ina cheann ar fhoireann oibríochta an Chomhlachais. Seolfaidh sé, faoi stiúradh na Stiúrthóirí Feidhmiúcháin, gnáth-ghnó an Chomhlachais agus beidh sé, faoina rialú ginearálta, freagrach in eagrú, ceapadh agus díbhe na n-oifigeach agus na foirne. A mhéid is féidir é, ceapfar oifigigh agus foireann an Bhainc chun fónamh i gcomhthráth mar oifigigh agus foireann don Chomhlachas.
(c) Ag comhlíonadh a n-oifigí d'Uachtarán, d'oifigigh agus d'fhoireann an Chomhlachais, dlífidh an Comhlachas a ndualgais go léir díobh agus ní dhlífidh aon údarás eile aon dualgas díobh. Tabharfaidh gach comhalta den Chomhlachas d'aitheantas gur dualgas idirnáisiúnta an dualgas sin agus ní dhéanfaidh sé aon iarracht ar thionchar a imirt ar aon duine acu i gcomhlíonadh a dhualgas don duine sin.
(d) Nuair a bheidh sé ag ceapadh oifigeach agus foirne, cuirfidh an tUachtarán san áireamh go cuí, faoi réir a ró-thábhachtaí é na caighdeáin is airde éifeachtúlachta agus cumais teicnice a áirithiú, gur ní tábhachtach na daoine a cheapfar a thoghadh as an méid is mó tíortha is féidir.
Alt 6. Caiareamh leis an mBanc.
(a) Is entitas ar leithligh ón mBanc an Comhlachas agus coimeádfar cistí an Chomhlachais ar leithligh ó chistí an Bhainc. Ní dhéanfaidh an Comhlachas aon airgead a thabhairt ar iasacht don Bhanc ná a thógáil ar iasacht ón mBanc, ach amháin nach gcoiscfidh sin an Comhlachas ó chistí nach mbeidh ag teastáil uaidh le haghaidh a oibríochtaí airgeadasaithe a infheistiú in oibleagáidí de chuid an Bhainc.
(b) Féadfaidh an Comhlachas comhshocraíochtaí a dhéanamh leis an mBanc i dtaobh saoráidí, pearsanra, agus seirbhísí agus comhshocraíochtaí i dtaobh aisíoc costais riaracháin a íocadh sa chéad ásc ag ceachtar eagras thar ceann an eagrais eile.
(c) Ní chuirfidh aon ní sa Chomhaontú seo an Comhlachas faoi dhliteanas i leith gníomhartha ná oibleagáidí an Bhainc ná an Banc faoi dhliteanas i leith gníomhartha ná oibleagáidí an Chomhlachais.
Alt 7. Caidreamh le hEagrais Idirnáisiúnta Eile.
Déanfaidh an Comhlachas comhshocraíochtaí foirmiúla leis na Náisiúin Aontaithe agus féadfaidh sé comhshocraíochtaí den sórt sin a dhéanamh le heagrais idirnáisiúnta phoiblí eile a bhfuil sainfhreagarthachtaí saineolacha orthu in earnála coibhneasacha.
Alt 8. Suíomh Oifigí.
Is í príomh-oifig an Bhainc príomh-oifig an Chomhlachais. Féadfaidh an Comhlachas oifigí eile a bhunú i gcríocha aon chomhalta.
Alt 9. Taisclanna.
Ainmneoidh gach comhalta a bhanc ceannais féin mar thaisclann ina bhféadfaidh an Comhlachas sealúchais d'airgeadra an chomhalta sin nó sócmhainní eile de chuid an Chomhlachais a choimeád, nó, mura bhfuil banc ceannais aige, ainmneoidh sé chuige sin cibé foras eile lena nglacfaidh an Comhlachas. Mura ndéantar a mhalairt d'ainmniú, is í an taisclann don Chomhlachas an taisclann a bheidh ainmnithe don Bhanc.
Alt 10. Meán Cumarsáide.
Ainmneoidh gach comhalta údarás iomchuí lena bhféadfaidh an Comhlachas dul i gcumarsáid i dtaobh aon ábhair faoin gComhaontú seo. Mura ndéantar a mhalairt d'ainmniú is é an meán cumarsáide don Chomhlachas an meán cumarsáide a bheidh ainmnithe don Bhanc.
Alt 11. Tuarascálacha a fhoilsiú agus Eolas a Chur ar Fáil.
(a) Foilseoidh an Comhlachas tuarascáil in aghaidh na bliana ina mbeidh ráiteas iniúchta ar a chuntais agus cuirfidh sé timpeall chun na gcomhaltaí, i gceann tréimhsí iomchuí, ráiteas achomair ar a staid airgeadais agus ag taispeáint torthaí a oibríochtaí.
(b) Féadfaidh an Comhlachas cibé tuarascálacha eile a fhoilsiú is inmholta dar leis chun a chuspóirí a chur i gcrích.
(c) Imdháilfear ar na comhaltaí cóipeanna de na tuarascálacha, de na ráitis agus de na foilseacháin uile a dhéanfar faoin Alt seo.
Alt 12. D iúscairt an Ghlan-Ioncaim.
Cinnfidh an Bord Rialtóirí ó am go ham mar a dhéanfar glanioncam an Chomhlachais a dhiúscairt, agus aird chuí acu ar sholáthar le haghaidh cúlchistí agus teagmhas.
Airteagal VII.
Éirí As; Comhaltas a Fhionraí; Oibríochtaí a Fhionraí.
Alt 1. Comhaltaí d'Éirí As.
Féadfaidh aon chomhalta éirí as comhaltas sa Chomhlachas am ar bith trí fhógra i scríbhinn a chur chun an Chomhlachais chun a phríomh-oifige. Tiocfaidh an t-éirí-as in éifeacht an dáta a gheofar an fógra sin.
Alt 2. Comhaltas a Fhionraí.
(a) Má mhainníonn comhalta aon cheann dá oibleagáidí don Chomhlachas a chomhlíonadh, féadfaidh an Comhlachas a chomhaltas a fhionraí trí chinneadh ó thromlach na Rialtóirí a fheidhmeoidh tromlach na cumhachta vótála iomláine. An comhalta a fhionrófar amhlaidh scoirfidh sé, air sin, de bheith ina chomhalta bliain ó dháta a fhionraí mura gcinne an tromlach céanna an comhalta a ligean ar ais faoi réim.
(b) An fad a bheidh comhalta ar fionraí, ní bheidh teideal aige aon chearta faoin gComhaontú seo a fheidhmiú ach amháin an ceart chun éirí as, ach fanfaidh sé faoi réir na n-oibleagáidí uile.
Alt 3. Fionraí Comhaltais, nó Deireadh le Comhaltas, sa Bhanc.
Aon chomhalta a fhionrófar ó bheith, nó a scoirfidh de bheith, ina chomhalta den Bhanc beidh sé, air sin, ar fionraí ó bheith, nó scoirfidh sé de bheith, ina chomhalta den Chomhlachas, de réir mar a bheidh.
Alt 4. Cearta agus Dualgais Rialtas a Scoirfidh de bheith ina gComhaltaí.
(a) Nuair a scoirfidh rialtas de bheith ina chomhalta, ní bheidh aon chearta aige faoin gComhaontú seo ach amháin mar a fhoráiltear san Alt seo agus in Airteagal X (c), ach leanfaidh sé air, ach amháin mar a fhoráiltear a mhalairt san Alt seo, de bheith faoi dhliteanas i leith na n-oibleagáidí airgeadais go léir a ghlac sé air a bheith dlite ag an gComhlachas de, cibé acu mar chomhalta, mar íasachtaí nó mar ráthóir nó ar shlí eile é.
(b) Nuair a scoirfidh rialtas de bheith ina chomhalta, rachaidh an Comhlachas agus an rialtas i mbun cuntais a shocrú. Mar chuid den socrú cuntas sin, féadfaidh an Comhlachas agus an rialtas comhaontú faoi na suimeanna a bheidh le n-íoc leis an rialtas ar scór a shuibscríobh agus faoin am a dhéanfar íocaíocht agus na hairgeadraí ina ndéanfar íocaíocht. Measfar chun críocha an Airteagail seo go bhfolaíonn an téarma “suibscríobh”, nuair a úsáidtear é maidir le haon rialtas is comhalta, an suibscríobh tosaigh agus aon suibscríobh breise ón rialtas sin is comhalta.
(c) Mura ndéanfar aon chomhaontú den sórt sin laistigh de shé mhí ón dáta a scoir an rialtas de bheith ina chomhalta, nó cibé am ar a gcomhaontóidh an Comhlachas agus an rialtas, beidh feidhm ag na forálacha seo a leanas:
(i) Beidh an rialtas saor ó bheith faoi aon dliteanas eile ag an gComhlachas ar scór a shuibscríobh, ach amháin go n-íocfaidh an rialtas, láithreach, leis an gComhlachas suimeanna a bhí dlite agus gan íoc ar an dáta a scoir an rialtas de bheith ina chomhalta agus a mheasfaidh an Comhlachas a bheidh ag teastáil uaidh faoi chomhair a dhliteanas amhail ar an dáta sin faoina oibríochtaí airgeadasaithe.
(ii) Tabharfaidh an Comhlachas ar ais don rialtas cistí a bheidh íoctha leis ag an rialtas ar scór a shuibscríobh nó a fuarthas as na cistí sin mar aisíocaíochtaí príomhshuime agus a bhí i seilbh an Chomhlachais ar an dáta a scoir an rialtas de bheith ina chomhalta, ach amháin a mhéid a mheasfaidh an Comhlachas a bheidh na cistí sin ag teastáil uaidh faoi chomhair a dhliteanas amhail ar an dáta sin faoina oibríochtaí airgeadasaithe.
(iii) Íocfaidh an Comhlachas leis an rialtas scair pro rata de na haisíocaíochtaí príomhshuime go léir a gheobhaidh an Comhlachas tar éis an dáta a scoirfidh an rialtas de bheith ina chomhalta ar iasachtaí a fuarthas roimhe sin, ach amháin iad sin a rinneadh amach as acmhainn fhorlíontach a tugadh don Chomhlachas faoi chomhshocraíochtaí a shonraigh cearta leachtaithe sonraithe. Is é a bheidh sa scair sin an chionúireacht sin de mhéid iomlán príomhshuime na n-iasachtaí sin a bheidh ar comhréir leis an gcoibhneas idir an tsuim iomlán a bheidh íoctha ag an rialtas ar scór a shuibscríobh agus nach mbeidh tugtha ar ais dó de bhun chlásal (ii) thuas agus an tsuim iomlán d'íoc na comhaltaí go léir ar scór a suibscríobh agus a bheidh úsáidte nó a mheasfaidh an Comhlachas a bheidh ag teastáil uaidh faoi chomhair a dhliteanas faoina oibríochtaí airgeadasaithe amhail ar an dáta ar a scoirfidh an rialtas de bheith ina chomhalta. Ina tráthchodanna, nuair a gheobhaidh agus de réir mar a gheobhaidh an Comhlachas na haisíocaíochtaí príomhshuime sin, a dhéanfaidh an Comhlachas íocaíocht den sórt sin ach ní dhéanfaidh sé sin níos minicí ná uair sa bhliain. Is sna hairgeadraí a fuair an Comhlachas a íocfar na tráthchodanna sin ach amháin go bhféadfaidh an Comhlachas, más rogha leis, íocaíocht a dhéanamh in airgeadra an rialtais lena mbainfidh.
(iv) Déanfar aon suim a bheidh dlite don rialtas ar scór a shuibscríobh a choimeád siar an fad a bheidh an rialtas sin, nó rialtas aon chríche laistigh dá chomhaltas, nó aon fho-roinn pholaiticiúil nó aon ghníomhaireacht d'aon cheann acu sin roimhe seo, faoi dhliteanas, mar iasachtaí nó ráthóir, ag an gComhlachas, agus féadfar an tsuim sin a úsáid, más rogha leis an gComhlachas é, i gcoinne aon dliteanais den sórt sin de réir mar a aibeoidh sé.
(v) Ní bhfaighidh an rialtas ar aon chor faoin mír seo (c) suim is mó, san iomlán, ná an tsuim is lú acu seo a leanas: (a) an tsuim a d'íoc an rialtas ar scór a shuibscríobh, nó (b) an chionúireacht sin de ghlanshócmhainní an Chomhlachais, de réir leabhar an Chomhlachais amhail ar an dáta a scoir an rialtas de bheith ina chomhalta, a bheidh ar comhréir leis an gcoibhneas idir méid a shuibscríobh agus comhiomlán na méide a shuibscríobh na comhaltaí go léir.
(vi) Gach ríomh is gá a dhéanamh faoi seo déanfar é ar cibé foras a chinnfidh an Comhlachas le réasún.
(d) Ní dhéanfar in aon chás aon suim a bheidh dlite do rialtas faoin Alt seo a íoc go ceann sé mhí tar éis an dáta a scoirfidh an rialtas de bheith ina chomhalta. Má tharlaíonn laistigh de shé mhí ón dáta a scoirfidh aon rialtas de bheith ina chomhalta go bhfionróidh an Comhlachas oibríochtaí faoi Alt 5 den Airteagal seo, déanfar cearta uile an rialtais sin a chinneadh le forálacha an Ailt sin 5 agus measfar an rialtas sin a bheith fós ina chomhalta den Comhlachas chun críocha an Ailt sin 5, ach amháin nach mbeidh aon chearta vótála aige.
Alt 5. Oibríochtaí a Fhionraí agus Oibleagáidí a Shocrú.
(a) Féadfaidh an Comhlachas a oibríochtaí a bhuan-fhionraí trí vóta tromlach na Rialtóirí a fheidhmeoidh tromlach na cumhachta vótála iomláine. Tar éis oibríochtaí a fhionraí amhlaidh, scoirfidh an Comhlachas, láithreach, de gach gníomhacht ach amháin gníomhachtaí a bhainfidh lena shócmhainní a imchoimeád agus a chaomhnadh agus a réadú go hordúil agus lena oibleágaidí a shocrú. Go dtí go mbeifear críochnaithe le socrú na n-oibleagáidí sin agus le himdháil na sócmhainní sin, leanfaidh an Comhlachas de bheith ann agus leanfaidh comhchearta agus comh-oibleagáidí uile an Chomhlachais agus a chomhaltaí faoin gComhaontú seo gan oirbhearnú, ach amháin nach bhfionrófar aon chomhalta agus nach n-éireoidh aon chomhalta as agus nach ndéanfar aon imdháil chun comhaltaí ach amháin mar a fhoráiltear san Alt seo.
(b) Ní dhéanfar aon imdháil chun comhaltaí ar scór a suibscríobh go dtí go nglanfar a mbeidh dlite do chreidiúnaithe nó go dtí go ndéanfar soláthar ina leith agus go dtí go gcinnfidh an Bord Rialtóirí, trí vóta tromlach na Rialtóirí a fheidhmeoidh tromlach na cumhachta vótála iomláine, an imdháil sin a dhéanamh.
(c) Faoi réir na méide sin roimhe seo, agus aon chomhshocraíochtaí speisialta i dtaobh diúscairt acmhainne forlíontaí ar a gcomhaontófar i ndáil le soláthar na hacmhainne sin don Chomhlachas, imdáilfidh an Comhlachas a acmhainn chun comhaltaí pro rata i gcomhréir leis na suimeanna a bheidh íoctha acu ar scór a suibscríobh. Beidh aon imdháil de bhun na forála sin roimhe seo den mhír seo (c) faoi réir socrú a bheith déanta, i gcás aon chomhalta, ar gach éileamh ón gComhlachas ar an gcomhalta sin. Déanfar an imdháil sin cibé tráthanna, i cibé airgeadraí, agus in airgead nó sócmhainní eile mar a mheasfaidh an Comhlachas a bheith cóir, cothrom. Ní gá an diúscairt chun na gcomhaltaí uile a bheith comhréireach maidir leis an gcineál sócmhainní a imdháilfear ná na hairgeadraí ina dtabharfar iad.
(d) Aon chomhalta a gheobhaidh sócmhainní a imdháilfidh an Comhlachas de bhun an Ailt seo nó Alt 4 beidh na cearta céanna aige maidir leis na sócmhainní sin a bhí ag an gComhlachas sular imdháileadh iad.
Airteagal VIII.
Stádas, Díolúintí agus Pribhléidí.
Alt 1. Cuspóirí an Airteagail.
Ionas go bhféadfaidh an Comhlachas na feidhmeanna atá á gcur de chúram air a chomhlíonadh, déanfar an stádas, na díolúintí agus na pribhléidí atá leagtha amach san Airteagal seo a thabhairt don Chomhlachas i gcríocha gach comhalta.
Alt 2. Stádas an Chomhlachais.
Is duine lán-dlíthiúnach an Comhlachas agus, go háirithe, tá cumas ann:
(i) conradh a dhéanamh;
(ii) maoin dochorraithe agus maoin sochorraithe a fháil agus a dhiúscairt;
(iii) imeachtaí dlíthiúla a thionscnamh.
Alt 3. Seasamh an Chomhlachais Maidir le Próis Bhreithiúnach.
Ní fhéadfar caingne a thionscnamh i gcoinne an Chomhlachais ach amháin i gcúirt dlínse inniúla i gcríocha comhalta ina bhfuil oifig ag an gComhlachas, ina bhfuil gníomhaire ceaptha aige chun glacadh le seirbheáil nó fógra próise, nó ina bhfuil sé tar éis urrúis a eisiúint nó a ráthú. Ní dhéanfaidh comhaltaí ná daoine thar ceann comhaltaí nó a dhíorthóidh éiltithe ó chomhaltaí aon chaingne a thionscnamh. Beidh ag maoin agus socmhainní de chuid an Chomhlachais, cibé áit a mbeidh an céanna agus cibé duine ag a mbeidh an céanna, díolúine ó gach saghas urghabhála, astaithe nó forghníomhaithe sula dtabharfar an breithiúnas deiridh i gcoinne an Chomhlachais.
Alt 4. Díolúine Sócmhainní ó Urghabháil.
Beidh ag maoin agus sócmhainní an Chomhlachais, cibé áit a mbeidh an céanna agus cibé duine ag a mbeidh an céanna, díolúine ó chuardach, foréileamh, coigistiú, díshealbhú nó aon sórt eile urghabhála trí ghníomhú feidhmiúcháin nó gníomhú reachtach.
Alt 5. Díolúine ag Cairtlanna.
Beidh cairtlanna an Chomhlachais dosháraithe.
Alt 6. Sócmhainní a Bheith Saor ó Shriantachtaí.
A mhéid is gá sin chun na hoibríochtaí a dhéanamh dá bhforáiltear sa Chomhaontú seo agus faoi réir fhorálacha an Chomhaontaithe seo, beidh maoin agus sócmhainí uile an Chomhlachais saor ó shriantachtaí, rialacháin, rialuithe agus mortchairde d'aon sórt.
Alt 7. Pribhléidí Cumarsáide.
Gheobhaidh cumarsáidí oifigiúla an Chomhlachais an chóir chéanna ó gach comhalta a thugann sé do chumarsáidí oifigiúla comhaltaí eile.
Alt 8. Díolúintí agus Príbhléidí Oifigeach agus Fostaithe.
Maidir le Rialtóirí, Stiúrthóirí Feidhmiúcháin, Malartaigh, oifigigh agus fostaithe uile an Chomhlachais:
(i) beidh díolúine acu ó phróis dlíthiúil i leith gníomhartha a dhéanfaidh siad ina gcáil oifigiúil ach amháin nuair a tharscaoilfidh an Comhlachas an díolúine sin;
(ii) muran náisiúnaigh áitiúla iad, tabharfar dóibh na díolúintí céanna ó shriantachtaí inimirce, ceanglais chlárúcháin d'eachtrannaigh agus oibleagáidí seirbhíse náisiúnta, maraon leis na saoráidí céanna i leith sriantachtaí iomlaoide, a thugann na comhaltaí d'ionadaithe, d'oifigigh agus d'fhostaithe comhchéime de chuid na gcomhaltaí eile;
(iii) tabharfar an chóir chéanna dóibh i leith saoráidí taistil a thugann comhaltaí d'ionadaithe, d'oifigigh agus d'fhostaithe comhchéime de chuid na gcomhaltaí eile.
Alt 9. Díolúine ó Cháin.
(a) Beidh an Comhlachas, a shócmhainní, a mhaoin, a ioncam agus a oibríochtaí agus a idirbhearta mar a údaraítear leis an gComhaontú seo saor ó gach cáin agus ó gach dleacht chustam. Beidh an Comhlachas saor freisin ó gach dliteanas maidir le bailiú nó íoc aon chánach nó dleachta.
(b) Ní dhéanfar aon cháin a thobhach ar thuarastail agus sochar, ná i leith tuarastal agus sochair, a íocfaidh an Comhlachas le Stiúrthóirí Féidhmiúcháin, Malartaigh, oifigigh nó fostaithe eile de chuid an Chomhlachais nach saoránaigh áitiúla, géillsinigh áitiúla, ná náisiúnaigh áitiúla eile.
(c) Ní thoibheofar cáin d'aon saghas ar aon oibleagáid ná urrús a eiseoidh an Comhlachas (lena n-áirítear aon díbhinn nó ús air sin) cibé duine a shealbhóidh an céanna
(i) más cáin í a dhéanann idirdhealú i gcoinne na hoibleagáide nó an urrúis sin ar an aon-ábhar gurb é an Comhlachas a d'eisigh an céanna; nó
(ii) más é an t-aon-bhonn dlínsiúil atá leis an gcáin sin an áit nó an t-airgeadra ina mbeidh sí arna heisiúint nó ina mbeidh sí le híoc nó ina n-íocfar í, nó suíomh aon oifige nó áite gnó atá á cothabháil ag an gComhlachas.
(d) Ní thoibheofar aon cháin ar aon oibleagáid ná urrús a bheidh ráthaithe ag an gComhlachas (lena n-áirítear aon díbhinn nó ús ar an gcéanna) cibé duine a shealbhóidh an céanna
(i) más cáin í a dhéanann idirdhealú i gcoinne na hoibleagáide nó an urrúis sin ar an aon-ábhar gurb é an Comhlachas a ráthaigh an céanna; nó
(ii) más é an t-aon-bhonn dlínsiúil atá leis an gcáin sin suíomh aon oifige nó áite gnó atá á cothabháil ag an gComhlachas.
Alt 10. An tAirteagal a Chur i bhFeidhm.
Déanfaidh gach comhalta cibé beart is gá ina chríocha féin chun éifeacht i dtéarmaí a dhlí féin a thabhairt do na prionsabail atá leagtha amach san Airteagal seo agus tabharfaidh sé mionchuntas don Chomhlachas ar an mbeart a rinne sé.
Airteagal IX.
Leasuithe.
(a) Aon mholadh chun modhnuithe a dhéanamh ar an gComhaontú seo, cibé acu ó chomhalta, ó Rialtóir nó ó na Stiúrthóirí Feidhmiúcháin é, tabharfar do Chathaoirleach an Bhoird Rialtóirí é agus cuirfidh seisean an moladh os comhair an Bhoird. Má fhormheasann an Bord an leasú a mholfar fiafróidh an Comhlachas, trí imlitir nó teileagram, de na comhaltaí uile cé acu a ghlacann siad nó nach nglacann siad leis an leasú molta. Nuair a bheidh glactha leis an leasú molta ag trí chúigiú cuid de na comhaltaí, agus ceithre chúigiú na cumhachta vótála iomláine acu, deimhneoidh an Comhlachas an méid sin trí scríbhinn fhoirmiúil a bheidh dírithe chun na gcomhaltaí uile.
(b) D'ainneoin (a) thuas, ní mór go nglacfaidh na comhaltaí uile le haon leasú a mhodhnóidh
(i) an ceart chun éirí as an gComhlachas a fhoráiltear in Airteagal VII, Alt 1;
(ii) an ceart a urraítear le hAirteagal III, Alt 1 (c);
(iii) an teorainn le dliteanas a fhoráiltear in Airteagal II, Alt 3.
(c) Tiocfaidh leasuithe i bhfeidhm i leith gach comhalta trí mhí tar éis dáta na scríbhinne foirmiúla mura sonraítear tréimhse níos giorra san imlitir nó sa teileagram.
Airteagal X.
Léiriú agus Eadráin.
(a) Aon cheist faoi léiriú fhorálacha an Chomhaontaithe seo a éireoidh idir aon chomhalta agus an Comhlachas, nó idir aon chomhaltaí den Chomhlachas cuirfear faoi bhráid na Stiúrthóirí Feidhmiúcháin í lena cinneadh. Má bhaineann an cheist go sonrach le haon chomhalta den Chomhlachas nach bhfuil teideal aige Stiúrthóir Feidhmiúcháin den Bhanc a cheapadh beidh teideal aige chun ionadaíochta de réir Airteagal VI, Alt 4 (g).
(b) In aon chás ina mbeidh na Stiúrthóirí Feidhmiúcháin tar éis cinneadh a dhéanamh faoi (a) thuas, féadfaidh aon chomhalta a chur faoi deara go ndéanfar an cheist a tharchur chun an Bhoird Rialtóirí agus is cinneadh críochnaitheach cinneadh an Bhoird Rialtóirí. Féadfaidh an Comhlachas gníomhú a mhéid is dóigh leis is gá ar chinneadh na Stiúrthóirí Feidhmiúcháin nó go mbeidh toradh ar an tarchur chun an Bhoird Rialtóirí.
(c) Aon uair a éireoidh aighneas idir an Comhlachas agus tír a bheidh tar éis scor de bheith ina chomhalta nó idir an Comhlachas agus aon chomhalta le linn don Chomhlachas a bheith ar buanfhionraí, cuirfear an t-aighneas sin faoi eadráin bhínse ar a mbeidh triúr eadránaithe arb é an Comhlachas a cheapfaidh duine díobh, arb í an tír lena mbainfidh a cheapfaidh duine díobh agus moltóir a cheapfar, mura gcomhaontóidh na páirtithe ina thaobh, ag Uachtarán na Cúirte Ceartais Idirnáisiúnta nó ag cibé údarás eile a bheidh ordaithe le rialachán ar ghlac an Comhlachas leis. Beidh lán-chumhacht ag an moltóir gach ceist faoi nós imeachta a shocrú in aon chás nach réiteoidh na páirtithe ina leith.
Airteagal XI.
Forálacha Deiridh.
Alt 1. Teacht i bhfeidhm.
Tiocfaidh an Comhaontú seo i bhfeidhm nuair a bheidh sé sínithe thar ceann na rialtas nach lú a suibscríobh ná seasca a cúig faoin gcéad den suibscríobh iomlán atá leagtha amach i Sceideal A agus nuair a bheidh na hionstraimí dá dtagraítear in Alt 2 (a) den Airteagal seo taiscthe thar a gceann, ach in aon chás ní thiocfaidh an Comhaontú seo i bhfeidhm roimh an 15 Meán Fómhair, 1960.
Alt 2. Síniú.
(a) Gach rialtas a síneofar an Comhaontú seo thar a cheann, taiscfidh sé leis an mBanc ionstraim á rá go bhfuil glactha aige leis an gComhaontú seo de réir a dhlí féin agus go bhfuil gach beart déanta aige is gá chun a chur ar a chumas a oibleagáidí uile faoin gComhaontú seo a chomhlíonadh.
(b) Beidh gach rialtas ina chomhalta den Chomhlachas amhail ón dáta a thaiscfear thar a cheann an ionstraim dá dtagraítear i mír (a) thuas, ach ní bheidh aon rialtas ina chomhalta sula dtiocfaidh an Comhaontú seo i bhfeidhm faoi Alt 1 den Airteagal seo.
(c) Fanfaidh an Comhaontú seo ar oscailt, chun a shínithe, go dtí deireadh gnó an 31 Nollaig, 1960, i bpríomh-oifig an Bhainc thar ceann rialtas na stát a bhfuil a n-ainmneacha leagtha amach i Sceideal A, ar choinníoll go bhféadfaidh na Stiúrthóirí Feidhmiúcháin, mura mbeidh an Comhaontú seo tagtha i bhfeidhm um an dáta sin, an tréimhse a bheidh an Comhaontú seo ar oscailt chun a shínithe a shíneadh sé mhí ar a fhad.
(d) Tar éis an Comhaontú seo a theacht i bhfeidhm, beidh sé ar oscailt chun a shínithe thar ceann rialtais aon stáit a bhformheasfar a chomhaltas de bhun Airteagail II, Alt 1 (b).
Alt 3. Feidhm i leith Críocha.
Trína shíniú a chur leis an gComhaontú seo, glacann gach rialtas leis thar a cheann féin agus thar ceann na gcríocha uile a bhfuil an rialtas sin freagrach ina chaidreamh idirnáisiúnta ach amháin iad siúd a dhúnfaidh an rialtas sin amach trí fhógra scríofa chun an Chomhlachais.
Alt 4. Tionscnamh an Chomhlachais.
(a) A luaithe a thiocfaidh an Comhaontú seo i bhfeidhm faoi Alt 1 den Airteagal seo, gairfidh an tUachtarán cruinniú de na Stiúrthóirí Feidhmiúcháin.
(b) Tosóidh an Comhlachas ar oibríochtaí ar an dáta a chomórfar an cruinniú sin.
(c) Go dtí go mbeidh an chéad chruinniú den Bhord Rialtóirí ann, féadfaidh na Stiúrthóirí Feidhmiúcháin cumhachtaí uile an Bhoird Rialtóirí a fheidhmiú ach amháin na cumhachtaí a fhorcoimeádtar don Bhord Rialtóirí faoin gComhaontú seo.
Alt 5. Clárú.
Údaraítear don Bhanc an Comhaontú seo a chlárú le Rúnaíocht na Náisiún Aontaithe de réir Airteagal 102 de Chairt na Náisiún Aontaithe agus na Rialachán fúithi lenar ghlac an Comhthionól Ginearálta.
Arna dhéanamh i Washington in aon chóip amháin a fhanfaidh i dtaisce i gcairtlanna an Bhainc Idirnáisiúnta le haghaidh Athinmhithe agus Forbartha, a chuireann in iúl trína shíniú anseo thíos go gcomhaontaíonn sé gníomhú mar thaisclann don Chomhaontú seo, an Comhaontú seo a chlárú le Rúnaíocht na Náisiún Aontaithe agus an dáta a thiocfaidh an Comhaontú seo i bhfeidhm, faoi Airteagal IX, Alt 1 de seo, a chur in iúl do na rialtais uile a bhfuil a n-ainmneacha leagtha amach i Sceideal A.
Sceideal A.—Suibscríobh Tosaigh.
Cuid I.
An Astráil | .. | 20·18 | An tSeapáin | .. | 33·59 | |||
An Ostair | .. | 5·04 | Lucsambúrg | .. | 1·01 | |||
An Bheilg | .. | 22·70 | An Isiltír | .. | .. | 27·74 | ||
Ceanada | .. | .. | 37·83 | An Ioruaidh | .. | 6·72 | ||
An Danmhairg | .. | 8·74 | An tSualainn | .. | 10·09 | |||
An Fhionnlainn | .. | 3·83 | Aontas na hAfraice | |||||
Theas | .. | .. | 10·09 | |||||
An Fhrainc | .. | 52·96 | An Ríocht Aontaithe | 131·14 | ||||
An Ghearmáin | .. | 52·96 | Na Stáit Aontaithe | 320·29 | ||||
An Iodáil | .. | 18·16 | 763·07 | |||||
Cuid II.
An Afganastáin | .. | 1·01 | Iosrael | .. | .. | 1·68 | ||
An Airgintín | .. | 18·83 | An Iordáin | .. | 0·30 | |||
An Bholaive | .. | 1·06 | An Chóire | .. | .. | 1·26 | ||
An Bhraisil | .. | 18·83 | An Liobáin | .. | 0·45 | |||
Burma | .. | .. | 2·02 | Libia | .. | .. | 1·01 | |
An tSiolón | .. | 3·03 | An Mhalae | .. | .. | 2·52 | ||
An tSile | .. | 3·53 | Meicsiceo | .. | .. | 8·74 | ||
An tSín | .. | .. | 30·26 | Maracó | .. | .. | 3·53 | |
An Cholóimbe | .. | 3·53 | Neicearagua | .. | 0·30 | |||
Costa Rica | .. | 0·20 | An Phacastáin | .. | 10·09 | |||
Cúba | .. | .. | 4·71 | Panama | .. | .. | 0·02 | |
An Phoblacht | ||||||||
Doiminiceach | .. | 0·40 | Paragua | .. | .. | 0·30 | ||
An tEacuadór | .. | 0·65 | Peiriú | .. | .. | 1·77 | ||
El Salvadór | .. | 0·30 | Na Filipíneacha | .. | 5·04 | |||
An Eatóip | .. | 0·50 | Aráib Sáidí | .. | 3·70 | |||
Ghana | .. | .. | 2·36 | An Spáinn | .. | 10·09 | ||
An Ghréig | .. | 2·52 | An tSúdáin | .. | .. | 1·01 | ||
Guatamála | .. | 0·40 | Tailann | .. | .. | 3·03 | ||
Haití | .. | .. | 0·76 | An Tuinisia | .. | 1·51 | ||
Hondúras | .. | 0·30 | An Tuirc | .. | .. | 5·80 | ||
An Íoslainn | .. | 0·10 | An Phoblacht Aráibeach | |||||
Aontaithe | .. | 6·03 | ||||||
An India | .. | 40·35 | Uragua | .. | .. | 1·06 | ||
Indonesia | .. | 11·10 | Veiniséala | .. | .. | 7·06 | ||
An Iaráin | .. | 4·54 | Viet-Nam | .. | .. | 1·51 | ||
An Iráic | .. | .. | 0·76 | An Iúgslaiv | .. | 4·04 | ||
Éire | .. | .. | 3·03 | |||||
236·93 | ||||||||
An tIomlán | ... | ... | 1,000·00 | |||||
*I dtéarmaí dollar na Stát Aontaithe den mheáchan agus den ghlaine a bhí i bhfeidhm 1 Eanáir, 1960.