38 MARINE BIOLOGICAL LABORATORY. 



3. By-law VI I. provides for the appointment annually of two 

 trustees to audit the account of the Treasurer and act as a 

 Finance Committee. The auditing of the Treasurer's accounts 

 has for a number of years been done by certified accountants, 

 and the establishment of the trust funds in the hands of a Trust 

 Company has made it probable that there will be no great 

 amount of investing done by the Treasurer. It would therefore 

 seem that By-law VI I should be amended to read as follows: 



The accounts of the Treasurer shall be audited annually by a 

 certified public accountant. 



4. By-law YIII. Amend the second sentence to read: 



In case of dissolution the property shall be disposed of in such 

 manner and upon such terms as shall be determined by the affirmative 

 vote of two-thirds of the Board of Trustees. 



These changes are incorporated in the By-laws printed with 

 this report (p. 4). They do not affect in any essential way 

 the original intent of the By-laws but they define more exactly 

 existing practises and provide more broadly for the improbable 

 contingency of dissolution. 



1 1. The Board of Trustees. Enlargement of the Executive Com- 

 mittee. At their meeting held August u, 1925, the Executive 

 Committee of the Laboratory was enlarged to include three 

 members ex off. (the Director, Associate Director and the 

 Treasurer) and four members at large to be elected by the Board 

 from among their own number. 



At the meeting of the Board of Trustees held August 1 1, 1925, 

 Professor Henry E. Crampton of Barnard College, Columbia 

 University was elected to fill a vacancy in the Class of 1927 of the 

 Board. Thus there returns to the service of the Laboratory a 

 noted teacher and investigator whose earlier work on its behalf 

 dates from over thirty years ago. 



The following resolution in memory of Lucius L. Xunn former 

 member of the Board of Trustees and benefactor of the Labora- 

 tory was adopted by the Board and by the Corporation at their 

 meetings held August u, 1925: 



