HAITI-FINANCES--SEPT. 13, 1941 duty to represent the holders of the bonds of 1922 and 1923 and to coordinate and direct the func- tions and activities of the two Vice Presidents, who shall be elected by the Board of Directors of the Bank, and who may be members of the Board. One of the Vice Presidents shall be charged with supervising and carrying out the commercial operations of the Bank, and the other shall be charged with supervising and car- rying out the fiscal functions of the Bank, under the immediate direction of the President who shall be responsible for such work. Any voting member of the Board of Directors of the Bank who is unable to attend a meeting of the Board may give a proxy to any other member of the Board of Directors. The Board of Directors shall exercise with respect to the fiscal functions of the Bank the powers hereinafter set forth. The fiscal functions of the Bank shall be undertaken by a Fiscal Depart- ment to be operated in accord- ance with the regulations issued by the Board of Directors pursu- ant to such powers. The Board of Directors shal continue to exercise with respecl to all other functions of the Banl the powers set forth in the chartel and by-laws of the Bank. ARTICLE IV The Board of Directors of th National Bank of the Republic o laiti shall be charged with th responsibility for: (a) the formulation of the Hai tian budget in the manner de scribed in Article V of this agree que; ses fonctions consisteront A representer les porteurs des titres 1922 et 1923, a coordonner et A diriger les fonctions et les activit6s des deux Vice-Presidents qui se- ront 6lus par le Conseil d'Adminis- tration de la Banque et qui pour- ront etre des membres du Conseil. L'un de ces Vice Presidents sera charge de superviser et d'executer les operations commerciales de la Banque; l'autre sera charge de superviser et d'exercer les fonc- tions fiscales de la Banque, le tout sous la direction immediate du President qui sera responsable de la bonne marche de ces Services. Tout membre votant du Con- seil d'Administration de la Banque, empech6 d'assister a une reunion du Conseil, peut donner procura- tion a un autre membre du Con- seil pour le representer. Le Conseil d'Administration ex- ercera, en ce qui concerne les fonctions fiscales de la Banque, les pouvoirs mentionnes ci-apres. Les fonctions fiscales de la Banque - seront exercees par un D6parte- ment Fiscal qui remplira ses attri- I butions conform6ment aux regle- -m e nts 6mis par le Conseil d'Ad- ministration, en vertu des pouvoirs ci-apres prevus. I En ce qui concerne les autres t fonctions de la Banque, le Conseil k d'Administration exercera les pou- r voirs pr6vus dans l'Acte Consti- tutif et les Statuts de la Banque. ARTICLE IV e Le Conseil d'Administration de f la Banque Nationale de la Repu- e blique d'Haiti sera investi des res- ponsabilites suivantes: (a) Elaborer le budget de la - Republique d'Haiti, de la maniere - prescrite a 'Article V du present 55 STAT.] 1351 Voting by proxy. Responsibilities of Board of Directors.
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