Page:United States Statutes at Large Volume 60 Part 2.djvu/370

 1458 INTERNATIONAL AGREEMENTS OTHER THAN TREATIES [60 STAT. shall, however, be brought by members or persons acting for or deriv- ing claims from members. The property and assets of the Bank shall, wheresoever located and by whomsoever held, be immune from all forms of seizure, attachment or execution before the delivery of final judgment against the Bank. Section 4. Immunity of assets from seizure Property and assets of the Bank, wherever located and by whomso- ever held, shall be immune from search, requisition, confiscation, ex- propriation or any other form of seizure by executive or legislative action. Section 5. Immunity of archives The archives of the Bank shall be inviolable. Section 6. Freedom of assets from restrictions To the extent necessary to carry out the operations provided for in this Agreement and subject to the provisions of this Agreement, all property and assets of the Bank shall be free from restrictions, regu- lations, controls and moratoria of any nature. Section 7. Privilege for comimmications The official communications of the Bank shall be accorded by each member the same treatment that it accords to the official communica- tions of other members. Section 8. Imzunities and privileges of officers and employees All governors, executive directors, alternates, officers and employees of the Bank (i) shall be immune from legal process with respect to acts per- formed by them in their official capacity except when the Bank waives this immunity; (ii) not being local nationals, shall be accorded the same immunities from immigration restrictions, alien registration requirements and national service obligations and the same facilities as regards exchange restrictions as are accorded by members to the repre- sentatives, officials, and employees of comparable rank of other members; (iii) shall be granted the same treatment in respect of travelling facil- ities as is accorded by members to representatives, officials and employees of comparable rank of other members. Section 9. Immunities from taxation (a) The Bank, its assets, property, income and its operations and transactions authorized by this Agreement, shall be immune from all taxation and from all customs duties. The Bank shall also be im- mune from liability for the collection or payment of any tax or duty. (b) No tax shall be levied on or in respect of salaries and emolu- ments paid by the Bank to executive directors, alternates, officials or employees of the Bank who are not local citizens, local subjects, or other local nationals.

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