OF ARTS AND SCIENCES. 437 



securities belonging to the Academy, all of which shall be in his official 

 custody. 



He shall keep a faithful account of all receipts and expenditures, 

 submit his accounts annually to the Auditing Committee, and render 

 them at the expiration of his term of office, or whenever required to 

 do so by the Academy or the Council. 



He shall keep separate accounts of the income of the Rum ford F'und, 

 and of all other special Funds, and of the appropriation thereof, and 

 render them annually. 



His accounts shall always be open to the inspection of the Council. 



Article 2. He shall report amiually to the Council at its ^Vlarch 

 meeting on the expected income of the various Funds and from all 

 other sources during the ensuing financial year. He shall also report 

 the names of all Fellows and Resident Associates who may be then 

 delinquent in the payment of their Annual Dues. 



Article 3. He shall give such security for the trust reposed in him 

 as the Academy may require. 



Article 4. With the approval of a majority of the Committee on 

 Finance, he may appoint an Assistant Treasurer to perform his du- 

 ties, for whose acts, as such assistant, he shall be responsible ; or, with 

 like approval and responsibility, he may employ any Trust Company 

 doing business in Boston as his agent for the same purpose, the com- 

 pensation of such Assistant Treasurer or agent to be fixed by the 

 Committee on Finance and paid from the funds of the Academy. 



Article 5. At the Annual Meeting he shall report in print all his 

 official doings for the preceding year, stating the amount and condition 

 of all the property of the Academy entrusted to him, and the character 

 of the investments. 



Article 6. The Financial Year of the Academy shall begin with 

 the first day of April. 



Article 7. No person or committee shall incur any debt or 

 liability in the name of the Academy, unless in accordance with a 

 previous vote and appropriation therefor by the Academy or the 

 Council, or sell or otherwise dispose of any property of the Academy, 



