OF ARTS AND SCIENCES. 483 



President or presiding officer shall pay such sums as the Academy 

 may direct. He shall keep an account of all receipts and expendi- 

 tures ; 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 Rumfbrd 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 VII. 



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 the 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 authority to expend, as they may deem expedient, such sums 

 as maybe appropriated, either from the Rumford 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 au- 

 thority 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. 



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. And 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 there- 

 upon the remainder 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. 



