RECORDS OF MEETINGS OF 1906 287 



of the Academy with the rights and pri\'ileges of other Associate Members except the 

 receipt of its pubUcations. Each allied society shall have the right to delegate one 

 of its members, who is an Active Member of the Academy, to the Council of the 

 Academy, and such delegate shall have all the rights and privileges of other Coun- 

 cilors." 



Article VII. " Article VI " to read " Article VII." The third sentence to read 

 "The term of office of elected Councilors shall be three years, etc.," instead of "The 

 term of office of Councilors shall be three years, etc." 



Article VIII. " Article VII " to read " Article VIII". 



Article IX. " Article VIII " to read " Article IX ". 



Article X. " Article IX " to read "Article X ". 



Article XI. " Article X " to read "Article XI ". 



Amendments to the By-laws. 



Chapter IV, Section 2. A new Section to be inserted as "Section 2," and to 

 read as follows: — 



" Associate Members. Workers in science may be elected to Associate Member- 

 ship, for a period of two years, in the manner prescribed for Active Members. 

 They shall not have the power to vote and shall not be eligible to election as 

 Fellows, but they may receive the publications. At any time subsequent to their 

 election they may assume the full pri\aleges of Active Members by paying the fee 

 of such Members." 



Chapter IV, Section 3. Change number of Section 2 to " 3 ". 



Chapter IV, Section 4. Change number of Section 3 to "4". 



Chapter V, Section 1. To read as follows: 



"The annual dues of Active Members and Fellows shall be $10, payable in ad- 

 vance at the time of the Annual Meeting; but new members elected after May 1 

 shall pay $5 for the remainder of the fiscal year. 



" The annual dues of elected Associate Members shall he $S, payable in advance at 

 the time of the Annual Meeting. 



" Non-resident Members shall be exempt from dues, so long as they shall relin- 

 quish the privileges of Active Membership (Vide Chapter X). " 



Chapter VI, — Title to read " Patrons, Donors and Life Members." 



Section 2. A new Section, to read as follows: 



"Donors. Any person contributing $50 or more annually to the general funds 

 of the Academy shall be termed a Donor, and on election by the Council, shall 

 enjoy aW the privileges of Active Membership." 



Section 3. Original number of Section to be changed to " 3 ". 



Chapter XI, Section 3. To read as follows: 



"Investments. All the permanent funds of the Academy shall be invested in 

 United States, or New York State securities, or in first mortgages on real estate, 

 pro\aded they shall not exceed sixty-five per cent, of the value of the property, or in 

 first mortgage bonds of corporations which have paid dividends continuously on 

 their common stock for a period of not less than five years. AU income from 

 patrons' fees and life membership fees shall be added to the permanent fund." 



The Meeting then adjourned. 



W. M. Wheelee, 

 Recording Secretary. 



