8G0 STATUTES OF THE AMERICAN ACADEMY 



CHAPTER IV. 



Of the President. 



1. It shall be the duty of the President, and, in his absence, of the 

 senior Vice-President present, or next officer in order as above enumer- 

 ated, to preside at the meetings of the Academy ; to direct the Recording 

 Secretary to call special meetings ; and to execute or to see to the execu- 

 tion of the Statutes of the Academy. Length of continuous membership 

 in the Academy shall determine the seniority of the Vice-Presidents. 



2. The President, or, in his absence, the next officer as above enumer- 

 ated, shall nominate members to serve on the different committees of the 

 Academy which are not chosen by ballot. 



3. Any deed or writing to which the common seal is to be affixed 

 shall be signed and sealed by the President, when thereto authorized 

 by the Academy. 



CHAPTER V. 



Of Standing Committees. 



1. At the Annual Meeting there shall be chosen the following Stand- 

 ing Committees, to serve for the year ensuing, viz. : — 



2. The Committee on Finance to consist of three Fellows to be 

 chosen by ballot, who shall have, through the Treasurer, full control and 

 management of the funds and trusts of the Academy, with the power of 

 investing and of changing the investment of the same at their discretion. 



3. The Rumford Committee, to consist of seven Fellows to be chosen 

 by ballot, who shall consider and report to the Academy on all applica- 

 tions and claims for the Rumford premium. They shall also report to 

 the Council in March of each year on all appropriations of the income of 

 the Rumford Fund needed for the coming year, and shall generally see 

 to the due and proper execution of the trust. All bills incurred on ac- 

 count of the Rumford Fund, within the limits of the appropriation made 

 by the Academy, shall be approved by the Chairman of the Rumford 

 Committee. 



4. The C. M. Warren Committee, to consist of seven Fellows to be 

 chosen by ballot, who shall consider and report to the Council in March 

 of each year on all applications for appropriations from the income of the 

 C. M. Warren Fund for the coming year, and shall generally see to the due 



