The Government of the Republic of China shall appoint one of the Chinese Directors as President of the Board of Directors, who shall alto be the Director-General.
The Government of the Union of Soviet Socialist Republics shall appoint one of the Russian Direc tors as Vice-President of the Board Directors, who shall also be the Assistant Director-General.
Seven persons shall constitute a quorum, and all decisions of the Board of Directors shall have the consent of not less than six persons before they can be carried out.
The Director-General and Assistant Director-General shall jointly manage the affairs of the Board of Directors and they shall both sign all the documents of the Board.
In the absence of cither the Director-General or the Assistant Director-General,—thoir respective Governments may appoint another Director to officiate as the Director-
General or the Assistant Director General (in the case of the Director-General, by one of the Chinese Directors, and in that of the Assistant Director-General, by one of the Russian Directors), 'Article IL—The Railway shall establish a Board of Auditors to be composed of five persons, namely, two' Chinese Auditors, who shall be appointed by the Government of the Republic of China and three Russian auditors who shall be appointed by the Government of the Union of Soviet Socialist Republics.
The Chairman of the Board of Auditors shall be elected from among the Chinese Auditors.
Text read from the printed page and cleaned; old type leaves the occasional error.