FIFTEENTH ANNUAL REPORT 151 



Sec. 8. Any member who shall fail to pay his annual dues within three 

 months after the same shall have become due, and after notice of thirty days, by 

 mail, shall cease to be a member of the Society; subject, however, to reinstatement 

 by the Board of Managers or Executive Committee for good cause shown. 



Sec. 9. Any person elected to membership who shall fail to qualify within 

 three months after notice of his election shall be considered to have declined his 

 election; but such term may be extended by the Board of Managers or Executive 

 Committee. 



ARTICLE VIII. 



FINANCES. 



Sec. L The fiscal year of the corporation shall be the calendar year com- 

 mencing January 1st and ending December 3Lst. 



Sec. 3. Neither the Society nor any of its Managers or Officers shall con- 

 tract any debt which, with existing debts, shall exceed in amount the funds then 

 in the Treasury, except to meet expenditures for which the City is liable, and for 

 which the Society will be reimbursed by warrants from the Comptrollex''s office. 



ARTICLE IX. 



AMEKDMEXTS. 



Sec. 1. Amendments to these By-Laws may be proposed, in writing, at any 

 meeting of the Board of Managers, and adopted by unanimous consent of the 

 Managers present, or if such proposed amendment shall fail to receive unanimous 

 consent, the Secretary shall, with the notices of the next meeting, send a copy 

 of it to each Manager and state that it will be brought up for action at such 

 meeting, when it may be passed by a majority vote. 



