658 STATUTES OF THE AMERICAN ACADEMY 



CHAPTER VII. 



Of the Teeasueee. 



1. The Treasurer shall give such security for the trust reposed 

 in him as the Academy shall require. 



2. He shall receive officially all moneys due or payable, and 

 all bequests or donations made to the Academy, and by order of 

 the President or presiding officer shall pay such sums as the 

 Academy may direct. He shall keep an account of all receipts 

 and expenditures; shall submit his accounts to the Auditing 

 Committee ; and shall report the same at the expiration of his 

 term of office. 



3. The Treasurer shall keep a separate account of the income 

 and appropriation of the Eumford Fund, 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, on such securities as the Academy shall 

 direct. 



CHAPTER VIII. 



Of THE LiBEAEIAN AND LiBKAEY, 



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

 books, to keep a correct catalogue of same, and to provide for 

 the delivery of books from the Library. He shall also have the 

 custody of the publications of the Academy. 



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

 Library, shall have aiithority to expend, as they may deem ex- 

 pedient, such sums as may be appropriated, either from the Rum- 

 ford or the General Fund of the Academy, for the purchase of 

 books, and for defraying other necessary expenses connected with 

 the Library. They shall have authority to propose rules and 

 regulations concerning the circulation, return, and safe-keeping of 

 books ; and to appoint such agents for these purposes as they 

 may think necessary. 



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

 the Rumford Fund, the Librarian shall cause a stamp or label to 

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



