ARTICLE V

Maintenance and resources of the Institute

1.- The patrimony and the resources of the Inter-American Indian Institute for its maintenance shall consist of the annual quotas paid by the member countries;as well as of funds and contributions of any kind that the Institute may receive from American persons or institutions and of funds derived from its publications.

2.- The annual budget of the Institute is fixed at $ 30,600 (U. S. Currency).This budget is divided into 102 units of 300 dollars each.The annual quota of each contributor is determined by assigning to each a certain number of units, according to the total population, as indicated in the attached table, but to no country having and Indian populations of less than 50,000 shall there be assigned more than one unit.On the other hand, to the countries having the largest Indian population, namely, Bolivia, Ecuador, Guatemala, Mexico and Peru, there shall be assigned additonal units equivalent to fifty per cent of those allotted to them on the basis of their total population, as indicated in the attached scheduce.When the seat of the Institute is to be in one of these five countries, the country chosen shall be assigned a surcharge of only twenty-five per cent of the units.

a) To apply the table of quotas, the most recent official data in possession of the Inter-American Indian Institute as of July first of every year shall be taken.

b) The Governing Board of the Inter-American IndianInstitute shall change the number of units to correspond to changes in the censusfigures.The Governing Board shall also, when it deems it necessary, change the amonunt of each of the 102 equal units into which the budget is divided to correspond to any change in the total amount of the budget of the Institute.The Governing Board is also authorized to modify the distribution of units among the participating nations.

c) The quota of each country shall be communicated before the 1st ofAugust of each year to the member Governments, and should be paid by them before the1stof July of the following year.The quota of each country corresponding to the first year shall be paid within the six months following the date of ratification of this Convention.

ARTICLE VI

Administration

The Administration of the Institute shall be entrusted to a Governing Board, an Executive Committee and a Director, in accordance with the terms set out in the following articles.

ARTICLE VII

Governing Board

1. The Governing Board shall exercise supreme control over the Inter-American indian Institute.The Governing Board shall be composed of one representative-preferably and expert-, and bya substitute from each of the member nations.

2. When any five nations shall have ratified this Convention and shall have appointed representatives on the Governing Board, the Minister of Foreign Affairs of the Government of Mexico shall call the first meeting of said body, which shall thereupon proceed to elect its own Chairman and the Director of the Institute.

3.- One year after the Governing Board has thus been organized, it shall hold a Special Meeting for the purpose of electing the permanent Executive Committee, in the manner set forth in paragraph 2, Article VIII.The members of the Executive Comitte during the aforesaid one year period as well as those of the permanent Executive Committee shall be ex officio members of the Governing Board.The Director of the Institute shall serve as Secretary of the Governing Board.

4.- Votes in the Governing Board and Executive Committee shall be by countries.Each country shall have a single vote.

5.- Delegates representing a simple majority of the member States shall constitute a quorum at meeting of the Governing Board.

6. The Governing Board shall hold ordinary general meetings every two years and such extra-ordinary general meetings as may be convened by the Executive Committe, with the consent of the simple majority of the member States.

7. The Governing Board shall have the following functions and duties, in addition to those mentioned above:

a) Appoint the Director of the Institute in accordance with the conditions set forth in paragraph 1 of article IX.

b) it shall study and approve the plan for organization and operation of the Institute submitted to it by the Excutive Committee.

c) It shall approve its own by-laws andregulations and those for the Committee and the Institute.

d) It shall submit to the consideration of the member Govermments, throught diplomatic channels, any modifications it may be desired to introduce in the functions of the Institute.

e) It shall determine the general financial basis of the Institute and audit its accounts, directly or through its representative or representatives.

f) It shall promote the assembly of International Conferences of experts for the study of technical problems of common interst to member States; to this end it may request of the respective Governments that they appoint experpts to represent it at said Conferences which shall meet at such places and dates as the Governing Board may determine.