4 CARNEGIE INSTITUTION OF WASHINGTON. 



with eighty acres of land at Cold Spring Harbor, the buildings 

 erected thereon, and securities yielding an income of $12,000 per 

 annum, was formally accepted by the Trustees, and authoriza- 

 tion was given to proceed with the work of said office. 

 The following resolutions were passed : 



Resolved, That there be established a fund to be called the Pension 

 Fund, to meet accrued and accruing liabiUties of the Institution under 

 the insurance and annuities plan for members of the Institution as 

 contemplated in the resolution passed by the Executive Committee 

 at its meeting of November 19, 1917. 



Resolved, That the sum of $40,000 be and hereby is appropriated 

 from the unappropriated balance available for the year 1917 to the 

 Pension Fund of the Institution and that the budget for 1918 be 

 amended accordingly. 



The meeting adjourned at 12'* IS"" p. m. 



