43 



(o) Kxccid wlicii tlic cniHlitidus nl" iii(li\ i.hi;il hniiicsls (ir <,'irts s|iccify 

 to the foiitrary. the iiimu.il prdcccds of I he fund sluill he rciiiv cslcd iiiid 

 lii'C'ome a part of the principal fund until tlic i)i-incipal is sullicicnt t<i yield 

 an annuity of (wo Imndrcd dollars (.$liO().()(h . 



(f ) In sojicitin;.'- or accent in- shifts an effort slmuld he made to have the 

 liroceeds avaiiahie for use at the discretion of the rc-eai-cli conuniltee. e\- 

 ceptint; those cases in which the donor wishes to favor special scientilic 

 int(M-ests and will coidrihule funds ade(|uate to support researclios in this 

 line. 



(j,'l It is recomniended that doum-s nf small heijuesls f(M- sjiecia! pnr- 

 ixtses should he persuaded, if possible, to j,dve the Academy wide latitude 

 in the use of tlie amuiities. ponnittinsi tlieni to accmnulate. where neces- 

 sary, until the total income shall he sullicient t.i ac<-omplisli substantial 

 residts. 



(In Tlie establishment of \)v\y.v funds is to be disconi'ajied as incom- 

 l>atible with the main object of Ibis fund, wliich is to aid men of i)roper 

 traininfr to do research worU. by ;4ivini;- it suppoi-t while in progress, espe- 

 cially where ade(piate resources would be unobtainable otherwise. 



Si'ioilipc .\(]»iiiiislr(iti(i)i. 



The .\cademy. throuizh its executive committee, shall organize a Uesearcli 

 Committee composed of live Fclhnrs. represeidin.^ dilTerent departments 

 of science, to administer the proceeds of this fund. 



The first committee is to l»e nominated by the Executive Committee and 

 elected l»y the members of the Academy — one for one (1) year, one for two 

 (2) years, one for three (3) years, one for four (4) years, and one for five 

 (.")) years. Their successors are to be elected by the Academy members 

 for terms of four years eacli. and two FcUoirn sliall be nominated hy the 

 executive committee as candidates for each vacancy caused by the expira- 

 tion of terms of office. Vacancies by resignation or death .shall be filled by 

 aiiiioiiitment by the jii-esident for tlie unexpired term, and if possiltle the 

 one apiKiiided shall represent the s.-ime department of science as the retir- 

 ing meiidier (U- a depaiiment not jilready represeided on the connnittee. 



1 Hit us - 



'I'his cnmndltee shall receive ami inxcstigate ai)i.lications for assistance 

 in reasearch work and present its recommendation in writing to the ex- 

 ecutive committee for contii'mation. 



Investigations in i)ure science sliall have lu'cference in making awards. 

 I'reference is likewise recommended for members of tlie Academy engaged 

 upon valuable work for which other ade(|uate resources are not available. 



No awards shall be construed as liinding on the Academy lieyond the 

 fiscal year for which they are made, nor for funds unearned by the endow- 

 ment at the time at which the award is made. Nothing in this provision, 

 liowever, is to be construed to prevent tlie Academy from continuing appro- 



