GreatNorthCollective/greatnorth-canada-federal-laws-text huggingface dataset:
Bretton Woods and Related Agreements Act — B-7 (b)
(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.
Bretton Woods and Related Agreements Act — B-7 (c)
(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) authorize 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 cooperate with other international organizations (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.
Bretton Woods and Related Agreements Act — B-7 (i)
(i) admit new members and determine the conditions of their admission;
Bretton Woods and Related Agreements Act — B-7 (ii)
(ii) authorize additional subscriptions and determine the terms and conditions relating thereto;
Bretton Woods and Related Agreements Act — B-7 (iv)
(iv) decide appeals from interpretations of this Agreement given by the Executive Directors;
Bretton Woods and Related Agreements Act — B-7 (v)
(v) make arrangements pursuant to Section 7 of this Article to cooperate with other international organizations (other than informal arrangements of a temporary and administrative character);
Bretton Woods and Related Agreements Act — B-7 (vi)
(vi) decide to suspend permanently the operations of the Association and to distribute its assets;
Bretton Woods and Related Agreements Act — B-7 (vii)
(vii) determine the distribution of the Association’s net income pursuant to Section 12 of this Article; and
Bretton Woods and Related Agreements Act — B-7 (viii)
(viii) approve proposed amendments to this Agreement.
Bretton Woods and Related Agreements Act — B-7 (d)
(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.
Bretton Woods and Related Agreements Act — B-7 (e)
(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.
Bretton Woods and Related Agreements Act — B-7 (f)
(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.
Bretton Woods and Related Agreements Act — B-7 (g)
(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.
Bretton Woods and Related Agreements Act — B-7 (h)
(h) The Board of Governors, and the Executive Directors to the extent authorized, may adopt such rules and regulations as may be necessary or appropriate to conduct the business of the Association.
Bretton Woods and Related Agreements Act — B-7 (i)
(i) Governors and Alternate Governors shall serve as such without compensation from the Association.
Bretton Woods and Related Agreements Act — B-7 (a)
(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.
Bretton Woods and Related Agreements Act — B-7 (b)
(b) Except as otherwise specifically provided, all matters before the Association shall be decided by a majority of the votes cast.
Bretton Woods and Related Agreements Act — B-7 (a)
(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.
Bretton Woods and Related Agreements Act — B-7 (b)
(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 toward 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 toward his election, shall cease to be members of the Association.
Bretton Woods and Related Agreements Act — B-7 (c)
(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 toward 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.
Bretton Woods and Related Agreements Act — B-7 (d)
(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.
Bretton Woods and Related Agreements Act — B-7 (e)
(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.
Bretton Woods and Related Agreements Act — B-7 (f)
(f) The Executive Directors shall meet as often as the business of the Association may require.
Bretton Woods and Related Agreements Act — B-7 (g)
(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.
Bretton Woods and Related Agreements Act — B-7 (a)
(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.
Bretton Woods and Related Agreements Act — B-7 (b)
(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 organization, 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.
Bretton Woods and Related Agreements Act — B-7 (c)
(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.
Bretton Woods and Related Agreements Act — B-7 (d)
(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.
Bretton Woods and Related Agreements Act — B-7 (a)
(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.
Bretton Woods and Related Agreements Act — B-7 (b)
(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 organization on behalf of the other.
Bretton Woods and Related Agreements Act — B-7 (c)
(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.
Bretton Woods and Related Agreements Act — B-7 Section 7
Section 7 Relations with Other International Organizations The Association shall enter into formal arrangements with the United Nations and may enter into such arrangements with other public international organizations having specialized responsibilities in related fields.
Bretton Woods and Related Agreements Act — B-7 Section 8
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.
Bretton Woods and Related Agreements Act — B-7 Section 9
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.
Bretton Woods and Related Agreements Act — B-7 Section 10
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.
Bretton Woods and Related Agreements Act — B-7 (a)
(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.
Bretton Woods and Related Agreements Act — B-7 (b)
(b) The Association may publish such other reports as it deems desirable to carry out its purposes.
Bretton Woods and Related Agreements Act — B-7 (c)
(c) Copies of all reports, statements and publications made under this Section shall be distributed to members.
Bretton Woods and Related Agreements Act — B-7 Section 12
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.
Bretton Woods and Related Agreements Act — B-7 Section 1
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.
Bretton Woods and Related Agreements Act — B-7 (a)
(a) If a member fails to fulfill 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.
Bretton Woods and Related Agreements Act — B-7 (b)
(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.
Bretton Woods and Related Agreements Act — B-7 Section 3
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.
Bretton Woods and Related Agreements Act — B-7 (a)
(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.
Bretton Woods and Related Agreements Act — B-7 (b)
(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.
Bretton Woods and Related Agreements Act — B-7 (i)
(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.
Bretton Woods and Related Agreements Act — B-7 (ii)
(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.
Bretton Woods and Related Agreements Act — B-7 (iii)
(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.
Bretton Woods and Related Agreements Act — B-7 (iv)
(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.
Bretton Woods and Related Agreements Act — B-7 (v)
(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.
Bretton Woods and Related Agreements Act — B-7 (vi)
(vi) All calculations required hereunder shall be made on such basis as shall be reasonably determined by the Association.
Bretton Woods and Related Agreements Act — B-7 (d)
(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.
Bretton Woods and Related Agreements Act — B-7 (a)
(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 realization, 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.
Bretton Woods and Related Agreements Act — B-7 (b)
(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.
Bretton Woods and Related Agreements Act — B-7 (c)
(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.
Bretton Woods and Related Agreements Act — B-7 (d)
(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.
Bretton Woods and Related Agreements Act — B-7 Section 1
Section 1 Purposes of Article To enable the Association to fulfill 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.
Bretton Woods and Related Agreements Act — B-7 Section 2
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.
Bretton Woods and Related Agreements Act — B-7 Section 3
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.
Bretton Woods and Related Agreements Act — B-7 Section 4
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.
Bretton Woods and Related Agreements Act — B-7 Section 5
Section 5 Immunity of Archives The archives of the Association shall be inviolable.
Bretton Woods and Related Agreements Act — B-7 Section 6
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.
Bretton Woods and Related Agreements Act — B-7 Section 7
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.
Bretton Woods and Related Agreements Act — B-7 Section 8
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.