4 MARINE BIOLOGICAL LABORATORY. 



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



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

 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. 



VIII. The consent of every Trustee shall be necessary to dissolution 

 of the Marine Biological Laboratory. In case of dissolution, the 

 property shall be given to the Boston Society of Natural History, or 

 some similar public institution, on such terms as may then be agreed 

 upon. 



IX. These By-Laws may be altered at any meeting of the Trustees, 

 provided that the notice of such meeting shall state that an alteration 

 of the By-Laws will be acted upon. 



X. Any member in good standing may vote at any meeting, either 

 in person or by proxy duly executed. 



