BY-LAWS. 433 



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 a dissolu- 

 tion 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. 



