513 



Voting 



Article 32 



The following provisions shall apply to voting in the Assembly and 

 the Executive Committee: 



(a) each member shall have one vote; 



(b) except as otherwise provided in Article 33, decisions of the 

 Assembly and the Executive Committee shall be by a majority 

 vote of the members ]^rcscnt and voting; 



(c) decisions where a three-fourths or a two-thirds majority is 

 required shall be by a three-fourths or two-thirds majoritj'^ vote, 

 as the case may be, of those present; 



(d) for the purpose of this Article the jihrase "members ])res- 

 ent" means "members present at the meeting at the time of the 

 vote", and the phrase "members jiresent and voting" means 

 "members present and casting an affirmative or negative vote". 

 Members who abstain from voting shall be considered as not 

 voting. 



Article 33 



1. The following decisions of the Assembly shall require a three- 

 fourths majority: 



(a) an increase in accordance with Article 4, ]niragrai)h 6, 

 in the maximum amount of compensation jiayable by the Fund; 



(b) a determination, under Article 5, j^aragraph 4, relating to 

 the replacement of the Instruments referred to in that ])aragraph; 



(c) the allocation to the Executive Committee of the functions 

 specified in Article 18, paragraph 5. 



2. The following decisions of the Assembly shall require a two-thirds 

 majority: 



(a) a decision imder Article 13, ])aragraph 3, not to take or 

 continue action against a contributor; 



(b) the appointment of the Director under Article 18, para^japh 4; 



(c) the establishment of subsidiary bodies, under Article 18, 

 paragraph 9. 



Article 34 



1. The Fund, its assets, income, including contributions, and other 

 property shall enjoy in all Contracting States exemption from all 

 direct taxation. 



2. When the Fund makes substantial i)urchascs of movable or 

 immovable ])roi)erty, or has imi)ortant work carried out which is 

 necessary for the exercise of its ofHcial activities and the cost of which 

 includes indirect taxes or sales taxes, the Governments of Member 

 States shall take, whenever possible, a])i)ro])riate measures for the 

 remission or refund of the amount of such duties and taxes. 



3. No exem])tion shall be accorded in the case of duties, taxes or 

 dues which merely constitute payment for i)ublic utility services. 



4. The Fund shall enjoy exem])tion from all customs duties, taxes 

 and other related taxes on articles imj)orted or ex|)orto(l by it or on its 

 behalf for its official use. Articles thus im])orted shall not be transferred 

 either for consideration or gratis on the territory of the country, into 

 which they have been imported except on conclitions agreed by the 

 government of that country. 



