Page:United States Statutes at Large Volume 61 Part 3.djvu/380

 61 STAT.] EL SALVADOR-COOPERATIVE EDUCATION-JUNE 9, 1945 twelve-month period of this Agreement, the Foundation deems that the said funds which it has set aside for the payment of salaries and other direct expenses of members of the Field Staff, as provided in Paragraph 4 hereof, will be more than is needed for that purpose, the Foundation, at the end of each such twelve-month period, shall advise the Republic of the additional sum which has become available for Projects and such additional sum shall be paid into the said special bank account or otherwise disposed of by mutual agreement between the Ministro and the Special Representative of the Foundation. At least six months prior to the termination of this Agreement the Founda- tion shall similarly notify the Republic as to what, if any, of such funds will be available for Projects of the said Cooperative Educational Program during the remainder of the program, and the disposition of any such funds so made available shall be determined by mutual agreement between the Ministro and the Special Representative of the Foundation. 8. The Republic shall accept and recognize the Foundation as an Agency of the Government of the United States of America, and accordingly, the Foundation shall be exempt and immune from, among other things, any and all taxes, fees, charges, imposts, and customs duties, whether national, departamental, provincial or municipal, and from all requirements for licenses. The Foundation and its personnel shall also enjoy all the rights and privileges which are enjoyed by departments and officials of the Republic. Such rights and privileges shall include, for example, postal, telegraph, and telephone franks and the right to special rates allowed to the Departments of the Republic by domestic companies of maritime, railroad, and air travel, telegraph, telephone, etc. The personnel of the Foundation who are citizens of the United States of America shall be exempt from all Salvadorean income taxes and social security taxes with respect to income on which they are obliged to pay income or social security taxes to the Govern- ment of the United States of America, and from property taxes on personal property intended for their own use. Said employees shall also be exempt from customs duties on their personal effects and on supplies and equipment imported or exported for their personal use. 9. All materials, equipment, and supplies purchased with funds from the said bank account shall become the property of the Republic immediately upon such purchase but shall be used only for the purposes of the said Cooperative Educational Program. 10. Any right, power, or duty conferred by this Agreement upon either the Ministro or the Special Representative of the Foundation may be delegated by the recipient thereof to representatives, provided that such representatives are satisfactory to both officials. 11. This Agreement may be amended from time to time if deemed advisable by the parties hereto, such amendments to be in writing and signed by representatives of the Republic and the Foundation. 12. The Executive Power of the Republic will take the necessary steps to obtain the legislation, decrees, orders or resolutions necessary to carry out the terms of this Agreement. 13. This Agreement shall be in force for approximately three years 2665 Immunity of Foun- dation from taxes, etc. Rights and privi- leges. Exemption of U. S. personnel from Salva- dorean income taxes, etc. Ownership of equip- ment, etc. Delegationof power, etc. Amendments. Legislation, etc. Duration of agree- ment.

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