698 STATUTES OF THE AMERICAN ACADEMY 



3. The Treasurer shall keep separate accounts of the income and 

 appropriation of the Rumford Fund and of other special funds, and 

 report the same annually. 



4. All moneys which there shall not be present occasion to expend 

 shall be invested by the Treasurer, under the direction of the Finance 

 Committee. 



CHAPTER VIII. 

 Of the Librarian and Library. 



1. It shall be the duty of the Librarian to take charge of the books, 

 to keep a correct catalogue of them, to provide for the delivery of books 

 from the Library, and to appoint such agents for these purposes as he 

 may think necessary. He shall make an annual report on the condition 

 of the Library. 



2. The Librarian, in conjunction with the Committee on the Library, 

 shall have authority to expend such sums as may be appropriated, either 

 from the General, Rumford or other special Funds of the Academy, for 

 the purchase of books, and for defraying other necessary expenses con- 

 nected with the Library. 



3. To all books in the Library procured from the income of the 

 Rumford Fund, or other special funds, the Librarian shall cause a stamp 

 or label to be affixed, expressing the fact that they were so procured. 



4. Every person who takes a book from the Library shall give a 

 receipt for the same to the Librarian or his assistant. 



5. Every book shall be returned in good order, regard being had to 

 the necessary wear of the book with good usage. If any book shall 

 be lost or injured, the person to whom it stands charged shall replace 

 it by a new volume or set, if it belongs to a set, or pay the current 

 price of the volume or set to the Librarian ; and thereupon the remain- 

 der of the set, if the volume belonged to a set, shall be delivered to the 

 person so paying for the same. 



6. All books shall be returned to the Library for examination at 

 least one week before the Annual Meeting. 



7. The Librarian shall have custody of the Publications of the 

 Academy and shall distribute copies among the Associate Fellows and 

 Foreign Honorary Members, at their request. With the advice and con- 

 sent of the President, he may effect exchanges with other associations. 



