41 
Revised Report of the Committee 
Appointed To Consider the Establishment of a Research 
Endowment Fund. 
To THE MEMBERS OF THE INDIANA ACADEMY OF SCIENCE: 
At the Bloomington meeting of the Academy, December, 1917, the report 
of the committee appointed to consider the advisability of establishing a 
research fund, was referred back to the committee for further revision, 
final action being postponed in order to give both the committee and the 
membership of the Academy ample time to consider the important project. 
Copies of the original report were sent to all members early in 1918. As a 
result of suggestions which have been received from many sources, the com- 
mittee respectfully submits the following revised report. 
R. W. McBRIDE, 
J.S. WRIGHT, 
H. L. BRUNER, Chairman, 
COMMITTEE. 
A PLAN FOR THE ESTABLISHMENT AND ADMINISTRATION OF A 
FUND FOR THE PROMOTION OF RESEARCH 
Financial Management of the Fund. 
Trustees—Election—A ppointment— 
The Academy shall organize a board of three trustees for the custody and 
financial management of a research endowment fund. 
The treasurer of the Academy shall be ex officio a member of this board, 
and the other two members shall be nominated by the executive committee 
and elected by vote of the Academy membership. 
The first board shall be constituted as follows: The treasurer of the 
Academy and one member elected for a term of three (3) years, and one 
member elected for a term of four (4) years. 
Thereafter the trustees, other than the treasurer of the Academy, shall 
be elected for terms of four years. Vacancies in office caused by death or 
resignation shall be filled by appointment by the president of the Academy, 
but the appointment shall be merely to fill the unexpired term. 
Bonds— 
The trustees shall be required to furnish bonds in accordance with the 
amount of the funds intrusted to their keeping, the amount of bonds re- 
quired to be subject to revision annually or with every accession to the fund 
of an amount of one thousand dollars ($1,000.00) or more. 
The fees for bonding the trustees shall be paid out of the current funds of 
the Academy, likewise all other expenses of administering the research 
endowment fund, until it shall reach an amount yielding twenty-five hun- 
