XVI CARNEGIE INSTITUTION OF WASHINGTON. 



2. The fiscal year of the Institution shall commence on the first day of 

 November in each year. 



3. The Executive Committee, at least one month prior to the annual meet- 

 ing in each year, shall cause the accounts of the Institution to be audited by 

 a skilled accountant, to be appointed by the Board of Trustees, and shall 

 submit to the annual meeting of the Board a full statement of the finances 

 and work of the Institution and a detailed estimate of the expenditures for 

 the succeeding year. 



4. The Board of Trustees, at the annual meeting in each year, shall make 

 general appropriations for the ensuing fiscal year; but nothing contained 

 herein shall prevent the Board of Trustees from making special appropria- 

 tions at any meeting. 



5. The securities of the Institution and evidences of property shall be 

 deposited in such safe deposit or other corporation and under such safe- 

 guards as the Trustees and Executive Committee shall designate; and the 

 moneys of the Institution shall be deposited in such banks or depositories as 

 may from time to time be designated by the Executive Committee, 



Article VII. 



AMENDMENT OF BY-LAWS. 



I. These by-laws may be amended at any annual or special meeting of the 

 Board of Trustees by a two-thirds vote of the members present, provided 

 written notice of the proposed amendment shall have been served personally 

 upon, or mailed to the usual address of, each member of the Board twenty 

 days prior to the meeting. 



