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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 105 : increase in subscription of Israel to capital stock of bank (English)

On January 31, 1957 the International Bank for Reconstruction and Development (IBRD) Board of Governors adopted resolution number one hundred and five. It was resolved that the subscription price per share shall be $100,000 in terms of United States dollars of the weight and fineness in effect on July 1, 1944; Israel's subscription shall be received by the Bank on or before April 24, 1957, provided, however, that if extraordinary circumstances are deemed by the Executive Directors to warrant an extension of this date, the Executive Directors may extend it; and before such subscription shall be accepted by the Bank, (i) Israel shall have taken all action which may be necessary to authorize such subscription and shall have furnished to the Bank such information thereon as the Bank may request, and (ii) Israel shall have paid to the Bank, on account of the subscription price of such additional shares, two percent in gold or United States dollars and eighteen percent in currency of Israel.

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International Bank for Reconstruction and Development (IBRD) Board of Governors resolution ; no. 105 : increase in subscription of Israel to capital stock of bank (English). IBRD Board of Governors Resolution ; no. 105 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/997191468285340891/International-Bank-for-Reconstruction-and-Development-IBRD-Board-of-Governors-resolution-no-105-increase-in-subscription-of-Israel-to-capital-stock-of-bank

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