ORGANIZATION 127 



defraying the expenses of the scientific pubHcations of the 

 Academy. 



Chapter XI. 



GENERAL PROVISIONS. 



1. Debts. No debts shall be incurred on behalf of the Acad- 

 emy unless authorized by the Council. 



2. Bills. All bills submitted to the Council must be certi- 

 fied as to correctness by the officers incurring them. 



3. Investments. All the permanent funds of the Academy 

 shall be invested in United States, or in New York State securi- 

 ties, or in first mortgages on real estate, provided they shall not 

 exceed sixty-five per cent, of the value of the property. All 

 income from patron's fees, life membership fees, and initiation 

 fee shall be added to the permanent fund. 



4. Expulsion, etc. Any Member or Fellow may be censured, 

 suspended or expelled, for violation of the Constitution or By- 

 Laws, or for any offence deemed sufficient, by a vote of three 

 fourths of the Members and three fourths of the Fellows pres- 

 ent at any business meeting, provided such action shall have 

 been recommended by the Council at a previous business meet- 

 ing, and also, that one month's notice of such recommendation 

 and of the offence charged shall have given the Member ac- 

 cused. 



5. CJiangcs in By-Lazvs. No alteration shall be made in 

 these By-Laws unless it should have been submitted publicly in 

 writing at a business meeting, shall have been entered on the 

 Minutes with the names of the Members or Fellows proposing 

 the same, and shall be adopted by two thirds of the Members 

 and Fellows present and voting at a subsequent business meet- 

 ing. 



