Netv Zealand Institute Act. xi 



5. (1.) Of the members appointed b)' the Governor in 

 Council two shall retire annually on the appointment of their 

 successors ; the first two members to retire shall be decided 

 by lot, and thereafter the two members longest in office with- 



•out reappointment shall retire. 



(2.) Subject to the provisions of the last preceding subsec- 

 tion, the appointed members of the Board shall hold office 

 until the appointment of their successors. 



6. The Board of Governors as above constituted shall be a 

 body corporate, by the name of the " New Zealand Institute," 

 and by that name they shall have perpetual succession and a 

 common seal, and may sue and be sued, and shall have power 

 and authority to take, purchase, and hold lands for the pur- 

 poses hereinafter mentioned. 



7. (1.) The Board of Governors shall have power to appoint 

 a l3t person, to be known as the ''President," to superintend 

 and carry out all necessary work in connection with tlie affairs 

 of the Institute, and to provide him with sitch further assist- 

 ance as may be required. 



(2.) It shall also appoint the President or some other fit 

 person to be editor of the Transactions of the Institute, and 

 may appoint a committee to assist him in the work of editing 

 the same. 



(3.) It shall have power to make regulations under which 

 societies may become incorporated to the Institute, and to 

 declare that any incorporated society shall cease to be in- 

 corporated if such regulations are not complied with, and such 

 regulations on being published in the Gazette shall have the 

 force of law. 



(4.) The Board may receive any grants, bequests, or gifts 

 of books or specimens of any kind whatsoever for the use of 

 the Institute, and dispose of them as it thinks fit. 



(5.) The Board shall have control of the property herein- 

 after vested in it, and of any additions hereafter made 

 thereto, and shall make regulations for the management of the 

 same, for the encouragement of research by the members of 

 the Institute, and in all matters, specified or unspecified, shall 

 have power to act for and on behalf of the Institute. 



8. Any casual vacancy on the Board of Governors, how- 

 soever caused, shall be filled within three months by the 

 society or authority that appointed the member whose place 

 has become vacant, and if not filled within that time the 

 vacancy shall be tilled by the Board of Governors. 



9. (1.) The first annual meeting of the Board of Governors 

 hereinbefore constituted shall be heLi at Wellington on some 

 day in the month of January, one thousand nine bundled and 

 four, to be fixed by the Governor, and annual meetings of 



■ the Board shall be regularly held thereafter during the month 



