STATUTES OF THE AMERICAN ACADEMY OF ARTS AND SCIENCES. 95 



3. The Treasurer shall keep a separate account of the income and appropriation of the Eumford 

 Fund, and report the same annually. 



4. All moneys which there shall not be present occasion to expend shall he invested by the 

 Treasurer, under the direction ot the Finance Committee, on such securities as the Academy shall 

 direct. 



CHAPTER VII. 

 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 publications of the Academy. 



2. The Librarian, in conjunction with the Committee on the Library, shall have authority to 

 expend, as they may deem expedient, such sums as may be appropriated, either from the Eumford 

 or the General Fund of the Academy, for the purchase of books and for defraying other necessary 

 expenses connected with the Library. They shall have authority to propose rules and regulations 

 concerning the circulation, return, 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 Eumford 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 Librarj' 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. And 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 belong to a set, or pay the current price 

 of the volume or set to the Librarian; and thereupon the remainder of the set, if the volume 

 belonged to a set, shall be delivered to the person so paying for the same. 



6. All books shall be returned to the Library for examination, at least one week before the 

 Annual Meeting. 



