TWENTIETH ANNUAL REPORT 163 
Src. 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. 1. The fiscal year of the corporation shall be the calendar year com- 
mencing January Ist and ending December 31st. 
Sec. 2. 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 Comptroller's office. 
ARTICLE IX. 
AMENDMENTS, 
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. 
