388 STATUTES OF THE 



and all bequests or donations made to the Academy, and by 

 order of the President or presiding officer shall pay such sums 

 as the Academy may direct. He shall keep an account of 

 all receipts and expenditures; shall submit his accounts to 

 the Auditing Committee ; and shall report the same at the 

 expiration of his term of office. 



3. The Treasurer shall keep a separate account of the 

 income and appropriation of the Rumford Fund, and report 

 the same annually. 



4. All moneys which there shall not be present occasion to 

 expend shall be invested by the Treasurer, under the direc- 

 tion of the Finance Committee, on such securities as the 

 Academy shall direct. 



CHAPTER VH. 



OF THE LIBRARIAN AND LIBRARY. 



1. It shall be the duty of the Librarian to take charge of 

 the books, to keep a correct catalogue of the same, and to 

 provide for the delivery of books from the Library. He shall 

 also have the custody of the })ublications of the Academy. 



2. The Librarian, in conjunction with the Committee on 

 the Library, shall have authority to expend, as the}"" may deem 

 expedient, such sums as may be appropriated, either from the 

 Rumford or the General Fund of the Academy, for the pur- 

 cliase of books and for defra3ung other necessary expenses 

 connected with the Library. They shall have authority to 

 propose rules and regulations concerning the circulation, re- 

 turn, and safe-keeping of books; and to appoint such agents 

 for these purposes as they may think necessary. 



3. To all books in the Library procured from the income of 

 the Rumford Fund, the Librarian shall cause a stamp or label 

 to be affixed, expressing the fact that they were so procured. 



4. Every person who takes a book from the Library shall 

 give a receipt for the same to the Librarian or his assistant. 



5. Every book shall be returned in good order, regard 



