Artikel IX

Section 1. - Decisions reserved to Members
The Governing Body, representing the Members of the Fund, shall have sole authority:
(a) to determine the single currency (by way of common denominator) and the nominal value of the participating certificates;
(b) to determine the terms upon which the Fund will accept contributions or borrow funds and the rights to be granted, including their rights in respect of the Fund's assets, to contributors or lenders to the Fund;
(c) to fix the dates on which calls are to be made upon the unpaid balance of participating certificates subscribed, according to the requirements of the Fund for carrying out its stated aims;
(d) to determine the operating policies of the Fund;
(e) to authorise Governments other than Member Governments of the Council of Europe to join the Fund, to lay down conditions for their admission and to determine the number of participating certificates to be subscribed by such Governments;
(f) to appoint the Governor, revoke his appointment and accept his resignation;
(g) to recommend the international or other legislative measures to be adopted by Members, in order to define such matters as the special arrangements governing assets or property held by the Fund in their territory or in the territory of third States and the obligations of Members arising from special operations of the Fund;
(h) to amend these Articles, without, however, making any change in their stated aims;
(i) to interpret these Articles of Agreement;
(j) to suspend permanently the operations of the Fund and to distribute its assets;
(k) to draw up Rules of Procedure and to designate its Chairman;
(l) to nominate the three auditors who shall constitute the Auditing Board.
Section 2. - Voting
(a) The decisions reserved to Members of the Fund shall be taken by votes cast either orally at meetings or in writing between meetings.
(b) Each Member of the Fund shall have one vote for each participating certificate held by it.