790 STATUTES OP THE AMERICAN ACADEMY 



3. The Treasurer shall keep separate accounts of the income and 

 appropriation of the Rumford Fund and of other special funds, 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 direction of the Finance 

 Committee. 



5. The Treasurer may appoint an Assistant Treasurer to perform 

 his duties, for whose acts as such Assistant, the Treasurer shall be 

 responsible ; or the Treasurer may employ any Trust Company, doing 

 business in Boston, Massachusetts, as agent to perform his duties ; the 

 compensation of such Assistant Treasurer or agent to be paid from the 

 funds of the Academy. 



CHAPTER VIII. 

 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 them, to provide for the delivery of books 

 from the Library, and to appoint such agents for these purposes as he 

 may think necessary. He shall make an annual report on the condition 

 of the Library. 



2. The Librarian, in conjunction with the Committee on the Library, 

 shall have authority to expend such sums as may be appropriated, either 

 from the General, Rumford or other special Funds of the Academy, for 

 the purchase of books, and for defraying other necessary expenses con- 

 nected with the Library. 



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

 Rumford Fund, or other special funds, 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 being had to 

 the necessary wear of the book with good usage. If any book shall 

 be lost or injured, the person to whom it stands charged shall replace 

 it by a new volume or set, if it belongs to a set, or pay tlie current 

 price of the volume or set to the Librarian ; and thereupon the remain- 

 der of the set, if the volume belonged to a set, shall be delivered to the 

 person so paying for the same. 



