EL DIRECTOR
Articulo V
scope of authority.
1. El Director tendri amplios
y plenos poderes para dirigir las
actividades del Instituto, bajo la
vigilancia de la Junta Directiva
del mismo; y sera responsable del
cumplimiento de todas las 6rdenes
y resoluciones de dicha Junta.
Legalfunctions.
2. El Director tendra la repre-
sentaci6n legal del Instituto bajo
la vigilancia de la Junta Directiva
del mismo; y podra legalizar con el
sello del Instituto todos los con-
tratos, traspasos y otros instru-
mentos que requieran ese trimite y
que en su opini6n sean necesarios
y convenientes para el funciona-
miento del Instituto. Ademas es-
tara facultado para tomar cual-
quiera otra medida necesaria para
dar fuerza legal a tales instrumen-
tos, de conformidad con los re-
quisitos o disposiciones de la ley.
El Director podra otorgar poderes
a otras personas para todos aque-
llos actos que no pueda realizar 1e
personalmente.
THE DIRECTOR
Article V
1. The Director under the super-
vision of the Board of Directors
shall have ample and full powers
to direct the activities of the In-
stitute; and he shall be responsible
for carrying out all orders and
resolutions of said Board.
2. The Director under the super-
vision of the Board of Directors
shall be the legal representative of
the Institute; and he may legalize,
with the seal of the Institute, all
contracts, conveyances and other
instruments which require such
legalization and which in his opin-
ion are necessary and advanta-
geous to the operation of the In-
stitute. In addition, he shall be
authorized to take any other step
necessary to validate such instru-
ments as may be required or per-
mitted by law. The Director may
grant powers to others for all
those acts which he cannot per-
form personally.
3. The Director, under the
supervision of the Board of Direc-
tors of the Institute, shall have
the power to appoint, remove, and
determine the compensation of
employees.
4. The Director shall prepare
the budget of the Institute for
each fiscal year, and submit it to
the Board of Directors at least
two months before the annual
meeting at which it will be con-
sidered for approval.
5. The Director shall submit an
annual report to the Board of
Directors of the Institute two
months before the annual meeting,
setting forth the work of the In-
Jurisdiction over
personnel.
Submittal of bud-
get.
Snbmittal of annual
report, etc.
3. El Director, sujeto a la super-
vigilancia de la Junta Directiva
del Instituto, tendrA facultad para
nombrar y remover empleados y
fijar su remuneraci6n.
4. El Director preparara el pre-
supuesto del Instituto para cada
afo fiscal y lo sometera a la Junta
Directiva con no menos de dos
meses de anticipaci6n a la reuni6n
anual, en la cual se considerara su
aprobaci6n.
5. El Director presentara un in-
forme anual a la Junta Directiva
del Instituto, dos meses antes de
celebrarse la reuni6n anual, en el
que dara cuenta de las labores del
TREATIES
[58 STAT.
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