1897.1 MINUTES. 3 



may be recognized by the laws of Pennsylvania as proper for the invest- 

 ment of trust funds, and the evidences of such investment shall be made 

 in the name of the Society as Trustee of the Henry M. Phillips Prize 

 Essay Fund. 



Third. The income arising from such investment shall be appropri- 

 ated as follows : 



(a) To making public advertisement of the prize, and the sum or 

 amount in United States gold coin, and the terms on which it shall be 

 awarded. 



(6) To the payment of such prize or prizes as may from time to time 

 be awarded by the Society for the best essay of real merit on the Science 

 and Philosophy of Jurisprudence, and to the preparation of the certificate 

 to be granted to the author of any successful essay. 



Fourth. Competitors for the prize shall affix to their essays some motto 

 or name (not the proper name of the author, however), and when the 

 essay is forwarded to the Society, it shall be accompanied by a sealed 

 envelope containing within the proper name of the author, and, on the 

 outside thereof, the motto or name adopted for the essay. 



Fifth. At a stated meeting of the Society, in pursuance of the adver- 

 tisement, all essays received up to that time shall be referred to a Com- 

 mittee of Judges, to consist of five persons, who shall be selected by the 

 Society from nomination of ten persons made by the Standing Committee 

 on the Henry M. Phillips Prize Essay Fund. 



SixtJi. All essays may be written in English, French, German, Dutch, 

 Italian, Spanish or Latin ; but, if in any language except English, must 

 be accompanied by an English translation of the same. 



Seventh. No treatise or essay shall be entitled to compete for the prize 

 that has been already published or printed, or for which the author has re- 

 ceived already any prize, or profit, or honor, of any nature whatsoever. 

 Eighth. All essays must be clearly and leg ibli/ written, and on one side 

 of the paper only. 



Ninth. The literary property of such essays shall be in their authors 

 subject to the right of the Society to publish the crowned essay in its. 

 Transactions or Proceedings. 



Tenth. A Standing Committee, to consist of five members appointed 

 by the President, and ex, officio the President and the Treasurer of the 

 Society, shall continue in office during the pleasure of the Society, and 

 any vacancies that may occur in said Committee shall be filled by new 

 appointment by the President. 



Eleventh. The said Committee shall have charge of all matters con- 

 nected with the management of this endowment and the investment of 

 the same, and shall make such general rules for publishing the terms 

 upon which said prize shall be competed for, and the amount of the said 

 prize, and if it shall deem it expedient, designate the subjects for com- 

 peting essays. It shall report annually to tlie Society, on the first Fri- 

 day in December, all its transactions, with an account of the investment, 

 of the Prize Fund, and of the income and expenditures thereof. 



