Asian Development Bank Act Amendmentsof 1968: Hearing Before the Subcommittee on International FInance of ... , 90-2 on H.R. 13217 ... , Frebruary 17, 1968

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121. lappuse - Section 5 (ii) of this Article, payment may be made at the option of the member either in gold, in United States dollars or in the currency required to discharge the obligations of the Bank for the purpose for which the call is made...
121. lappuse - Governors so decides by a vote of two-thirds of the total number of Governors, representing not less than two-thirds of the total voting power of the members.
127. lappuse - Bank shall be a party shall be deemed to arise under the laws of the United States, and the district courts of the United States shall have original jurisdiction of any such action.
138. lappuse - Fund, including any dividend or interest thereon, by whomsoever held (i) which discriminates against such obligation or security solely because of its origin; 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 Fund.
138. lappuse - The property and assets of the United Nations, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation and any other form of interference, whether by executive, administrative, judicial or legislative action.
136. lappuse - 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.
138. lappuse - Section 6. Freedom of assets from restrictions To the extent necessary to carry out the...
138. lappuse - Actions may be brought against the Bank only in a court of competent jurisdiction in the territories of a member in which the Bank has an office, has appointed an agent for the purpose of accepting service or notice of process, or has issued or guaranteed securities.
135. lappuse - Governors, by an absolute majority of the total number of governors representing not less than a majority of the total voting power of the member countries, shall elect a President of the Bank who, while holding office, shall not be a governor or an executive director or alternate for either.
134. lappuse - Governors deems it advisable and in a manner agreed upon by a twothirds majority of the total number of governors representing not less than three-fourths of the total voting power of the member countries.

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