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22 U.S.C. § 286n — Increase in authorized capital stock of Bank and increase in resources of Fund for Special Operations; United States share; authorization of appropriations
Federal law — U.S. Code and appendices · legal_authorities
**(a)** The United States Governor of the Bank is hereby authorized to vote in favor of two resolutions proposed by the Governors at a special meeting in July 1975, and now pending before the Board of Governors of the Bank, which provide for (1) an increase in the authorized capital stock of the Bank and additional subscriptions of members thereto and (2) an increase in the resources of the Fund for Special Operations and contributions thereto. Upon adoption of such resolutions, the United States Governor is authorized to agree on behalf of the United States (1) to subscribe to ninety-nine thousand four hundred and seventy-four shares of $10,000 par value of the increase in the authorized capital stock of the Bank of which eighty-nine thousand five hundred and twenty-six shall be callable shares and nine thousand nine hundred and forty-eight shall be paid in and (2) to contribute to the Fund for Special Operations $600,000,000, in accordance with and subject to the terms and conditions of such resolutions.
**(b)** There are hereby authorized to be appropriated, without fiscal year limitation, the amounts necessary for payment by the Secretary of the Treasury of (1) $1,199,997,873 for the United States subscription to the capital stock of the Bank and (2) $600,000,000 for the United States share of the increase in the resources of the Fund for Special Operations: Provided, however, That not more than $15,677,000 may be made available to the Fund for Special Operations for the fiscal year 1982.
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Source file: Laws/federal/codes/united-states-code/title-22/section-286n-increase-in-authorized-capital-stock-of-bank-and-increase-in-resources-o--51b46497ff.md
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Source location: Title 22, Chapter 7, § 286n; chapter-007-international-bureaus-congresses-etc.md
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**(a)** The United States Governor of the Bank is hereby authorized to vote in favor of two resolutions proposed by the Governors at a special meeting in July 1975, and now pending before the Board of Governors of the Bank, which provide for (1) an increase in the authorized capital stock of the Bank and additional subscriptions of members thereto and (2) an increase in the resources of the Fund for Special Operations and contributions thereto. Upon adoption of such resolutions, the United States Governor is authorized to agree on behalf of the United States (1) to subscribe to ninety-nine thousand four hundred and seventy-four shares of $10,000 par value of the increase in the authorized capital stock of the Bank of which eighty-nine thousand five hundred and twenty-six shall be callable shares and nine thousand nine hundred and forty-eight shall be paid in and (2) to contribute to the Fund for Special Operations $600,000,000, in accordance with and subject to the terms and conditions of such resolutions.
**(b)** There are hereby authorized to be appropriated, without fiscal year limitation, the amounts necessary for payment by the Secretary of the Treasury of (1) $1,199,997,873 for the United States subscription to the capital stock of the Bank and (2) $600,000,000 for the United States share of the increase in the resources of the Fund for Special Operations: Provided, however, That not more than $15,677,000 may be made available to the Fund for Special Operations for the fiscal year 1982.
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Federal law — U.S. Code and appendices · legal_authorities
The President is hereby authorized (a) to accept the amendment to the articles of agreement of the International Monetary Fund (hereinafter referred to as the “Fund”), attached to the April 1968 report by the Executive Directors to the Board of Governors of the Fund, for the purpose of (i) establishing a facility based on Special Drawing Rights in the Fund and (ii) giving effect to certain modifications in the present rules and practices of the Fund, and (b) to participate in the special drawing account established by the amendment.
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Federal law — U.S. Code and appendices · legal_authorities
The President is hereby authorized to accept membership for the United States in the International Monetary Fund (hereinafter referred to as the “Fund”), and in the International Bank for Reconstruction and Development (hereinafter referred to as the “Bank”), provided for by the Articles of Agreement of the Fund and the Articles of Agreement of the Bank as set forth in the Final Act of the United Nations Monetary and Financial Conference dated July 22, 1944, and deposited in the archives of the Department of State.
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Federal law — U.S. Code and appendices · legal_authorities
Page 185
TITLE 22—FOREIGN RELATIONS AND INTERCOURSE
§ 286n
non-discrimination, a country whose economy has been
disrupted by war, or (c) either government imposes
quantitative restrictions having equivalent effect to
any exchange restrictions which that government is
authorized to impose in conformity with Article VII of
the Articles of Agreement of the International Mone-
tary Fund. The provisions of this section shall become
effective as soon as practicable but not later than De-
cember 31, 1946.
10. Accumulated sterling balances:
(i) The Government of the United Kingdom intends to
make agreements with the countries concerned, vary-
ing according to the circumstances of each case, for an
early settlement covering the sterling balances accu-
mulated by sterling area and other countries prior to
such settlement (together with any future receipts
arising out of military expenditure by the Government
of the United Kingdom to the extent to which they are
treated on the same basis by agreement with the coun-
tries concerned). The settlements with the sterling
area countries will be on the basis of dividing these ac-
cumulated balances into three categories (a) balances
to be released at once and convertible into any cur-
rency for current transactions, (b) balances to be simi-
larly released by installments over a period of years be-
ginning in 1951, and (c) balances to be adjusted as a con-
tribution to the settlement of war and postwar indebt-
edness and in recognition of the benefits which the
countries concerned might be expected to gain from
such a settlement. The Government of the United King-
dom will make every endeavor to secure the early com-
pletion of these arrangements.
(ii) In consideration of the fact that an important
purpose of the pres
Source: Supplied 2024 U.S. Code historical extraction · 22 U.S.C. § 286n
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