278 TWENTY-FOURTH REPORT. 



choose by ballot a Treasurer and a Clerk, who shall be, ex officio, 

 members of the Board of Trustees, and Trustees as hereinafter pro- 

 vided. At the annual meeting to be held in 1897, not more than 

 twenty-four Trustees shall be chosen, who shall be divided into four 

 classes, to serve one, two, three, and four years, respectively, and 

 thereafter not more than eight Trustees shall be chosen annually for 

 the term of four years. These officers shall hold their respective 

 offices until others are chosen and qualified in their stead. The Direc- 

 tor and Assistant Director, who shall be chosen by the Trustees, shall 

 also be Trustees, ex officio. 



II. Special meetings of the members may be called by the Trustees, 

 to be held in Boston or in Woods Hole at such time and place as may 

 "be designated. 



III. The Clerk shall give notice of meetings of the members by 

 publication in some daily newspaper published in Boston at least 

 fifteen days before such meeting, and in case of a .special meeting 

 the notice shall state the purpose for which it is called. 



IV. Twenty-five members shall constitute a quorum at any meeting. 



V. The Trustees shall have the control and management of tlie 

 affairs of the Corporation ; they shall present a report of its condition 

 at every annual meeting; they shall elect one of their number Presi- 

 dent and may choose such other officers and agents as they may think 

 best; they may fix the compensation and define the duties of all the 

 officers and agents; and may remove them, or any of them, except 

 those chosen by the members, at any time ; they may fill vacancies 

 occurring in any manner in their own number or in any of the offices. 

 They shall from time to time elect members to the Corporation upon 

 such terms and conditions as they may think best. 



VI. Meetings of the Trustees shall be called by the President, or 

 by any two Trustees, and the Secretary shall give notice thereof by 

 written or printed notice sent to each Trustee by mail, postpaid. 

 Seven Trustees shall constitute a quorum for the transaction of busi- 

 ness. The Board of Trustees shall have power to choose an Execu- 

 tive Committee from their own number, and to delegate to such 

 Committee such of their own powers as they may deem expedient. 



VII. The President shall annually appoint two Trustees, who shall 

 constitute a committee on finance, to examine from time to time the 

 books and accounts of the Treasurer, and to audit his accounts at the 

 close of the year. No investments of the funds of the Corporation 

 shall be made by the Treasurer except approved by the finance com- 

 mittee in writing. 



