SECOND ANNUAL REPORT. 139 
it shall, on demand of the Commissioners of the Sinking Fund, surrender to 
the City of New York the land allotted to it as a site for said Garden, and all 
improvements made thereon. The said Society shall not mortgage its build- 
ings or animals, or any of its property within said Garden, which is directly 
or indirectly maintained by the City of New York. 
Third. The said Zoological Society shall have the power to establish 
an endowment fund from the donations and bequests, which fund shall be 
used solely, unless otherwise specified by the donors thereof, for the general 
uses and purposes of said Society. The funds of said Society, other than 
the sums contributed to said endowment fund, shall be expended upon 
buildings and other enclosures for animals, for the collections of animals, 
and for the general purposes of the Society. Among the funds thus to be 
expended shall be the subscriptions of members, life members and patrons, 
and all cash donations to said Society, other than those made for the pur- 
poses of the endowment fund, and all moneys derived from the sale of 
animals; and the net proceeds of the privileges that may be developed in 
said Garden, such as refreshments, boating, riding animals, the sale of 
photographs, etc., shall be used for, and expended in the increase of the 
collections; and payments from the funds of such Society, including the 
endowment fund, shall be made directly from the treasury of the Society. 
Fourth. ‘The library, pictures, maps, office furniture, and other mov- 
able property purchased and owned by the Society shall remain the property 
of the Society, and excepting living animals, may be removable at will, and 
every piece of such property shall bear a distinguishing mark. But no 
buildings, aviaries or cages may be sold or removed by said Society without 
the written consent of the Board of Parks. All property paid for from the 
maintenance fund, hereinafter referred to, shall belong to the City. 
Fifth. So long as the said Society is entrusted with the control and 
management of the said Zoological Garden, and the city provides for the 
proper maintenance and care of the animals and collections therein, the 
said Society shall not remove any of its animals or collections for exhibition 
elsewhere without the consent of the Board of Parks, but if the City shall 
ever cease to provide for the proper maintenance and care of the said 
animals and collections, the said Zoological Society shall have the right, 
upon giving three months’ notice in writing to the Board of Parks, to 
remove the said animals and collections owned by it. The said Society 
shall have the right to improve its collections by the exchange of animals, 
and also by the sale of animals not needed for exhibition ; but all moneys 
derived from such sale or exchange of animals shall be used only for the 
purpose of increasing said collections. 
Sixth. The City of New York shall annually provide the necessary 
funds for the maintenance and care of the Zoological Garden, its buildings, 
inclosures and other improvements made from time to time therein, and 
the animals and collections of said Society; but the appropriation for the 
for the first year is not to exceed Sixty thousand dollars ($60,000). It shall 
be the duty of the City to provide from such sums or appropriations, as may 
be applicable thereto, the cost of the necessary improvement of the ground 
