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(1)
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The agreement
to establish the corporation may be amended on the recommendation of one or
more of the members to be submitted to the General Manager and approved by
one third of its members or at the proposal of the Board of Directors. The
General Manager shall notify all the member states of the said proposal.
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(2)
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The General
Body shall consider the proposed amendment at its first ordinary meeting held
after the submission of the proposed amendment.
An
extraordinary meeting may be called to consider such proposal in accordance
with Article 10 of this agreement, provided that the proposed amendment has
been circulated among the members ninety days before the date of such
meeting.
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(3)
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The General
Body shall approve the amendment by a majority of two thirds of its members.
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(4)
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The
amendment shall be enforced after a third of the member states have handed
the documents ratifying the amendment, provided that their proportion of
shareholding in the capital of the corporation is not below 60%.
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