CELEX: 11957E/PRO/BEI/05
Language: en
Date: 1957-03-25 00:00:00
Title: TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 5

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11957E/PRO/BEI/05

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 5  

++++Article 5 (***)  1 . The subscribed capital shall be paid in by Member States to the extent of 12.85714286 % of the amounts laid down in Article 4 ( 1 ) . (****)  2 . In the event of an increase in the subscribed capital , the Board of Governors , acting unanimously , shall fix the percentage to be paid up and the arrangements for payment .  3 . The Board of Directors may require payment of the balance of the subscribed capital , to such extent as may be required for the Bank to meet its obligations towards those who have made loans to it .  Each Member State shall make this payment in proportion to its share of the subscribed capital in the currencies required by the Bank to meet these obligations .  (***) Text as amended by Article 3 of Protocol No 1 annexed to the Act of Accession .  (****) Paragraph 1 as amended by the Decision of the Board of Governors of 19 June 1978 ( Official Journal of the European Communities , No L 199 , 24 July 1978 ) .