AMERICAN ACADEMY OF ARTS AND SCIENCES. V 



Academy may direct. He shall keep an account of all receipts and expenditures ; shall submit 

 his accounts to the Auditing Committee ; and shall report the same at the expiration of his 

 term of office. 



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

 ford Fund, and report the same annually. 



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

 Treasurer, on such securities as the Academy shall direct. 



CHAPTER Vn. 



Of the Librarian and Library. 



1. It shall be the duty of the Librarian to take charge of the books, to keep a correct cata- 

 logue 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 Rum- 

 ford 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. Every person who takes a book from the Library shall give a receipt for the same to the 

 Librarian or his assistant. 



4. 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 be- 

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



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

 Annual Meeting. 



