072 [October 



if not instructed, at their discretion, for the benefit of the 

 trust fund. 



That the Trustees shall elect from their number a Chair- 

 man and a Treasurer, and shall meet upon the call of the 

 Chairman, and a majority of the Avhole shall be competent to 

 act; and minutes shall be kept, subject to the inspection of 

 the President or Board of Officers of the Society. They shall 

 render an account of the condition of the trust whenever re- 

 quired by the Society, and submit a statement at the first 

 meeting in December of each year. 



That the investments shall be made in the name of all the 

 Trustees in trust for the building fund of the Society. And 

 that no one of the Trustees shall ever use any part of the 

 trust fund in his own account. That the Trustees shall not 

 be required to give security or be liable for loss, except by 

 malfeasance ; nor be allowed compensation for services. 



They also provide that whenever vacancies occur and the 

 number be reduced to two, the Society shall, at its first stated 

 meeting in January, appoint Trustees to fill the vacancies and 

 restore the original number ; and in case of inability of any 

 Trustee to perform his duties or a disagreement among them, 

 the Society shall decide between them, and may accept resig- 

 nations and appoint others in their places. 



And that all moneys received for the construction of a fire- 

 proof building shall be paid over to the Treasurer. 



And that the Trustees shall be Dr. George B. Wood, Eli 

 K. Price, Frederick Fraley, Dr. Isaac Hays, and Benjamin 

 V. Marsh. 



The declaration and covenant of Trustees was submitted 

 and adopted. 



On motion, it was ordered that the moneys received for the 

 mortgage held by the Society on coal lands in Northumber- 

 land County be appropriated to the fund for the erection of a 

 fireproof building for the Society. 



And the Society was adjourned. 



