532 History of Methodism 



two and one-half per cent, on all moneys expended by him ; but 

 this commission is only intended to apply to the income, dividends, 

 and interests accruing upon the capital. He shall make an annual 

 report to this corporation of all its financial interests. The Board 

 of Managers may at any time require of him an exhibit of the 

 finances of the Conference. 



9. The Board of Managers shall meet at the call of the Presi- 

 dent, seven of whom shall constitute a quorum. They shall be 

 authorized to manage and conduct all the financial concerns of the 

 corporation, and to give direction for the receipt, disbursing, and 

 investment of all its funds, to appoint proper agents for the receipt 

 or recovery of any funds or property to which it may become en- 

 titled, and to execute by the President, or any other agent or officer 

 whom they may appoint, any deeds or instruments of writing which 

 may become necessary in the conduct of the business of the corpo- 

 ration. 



10. The Board of Managers shall recommend from year to year 

 such appropriations from the net annual income of the Conference, 

 for charitable purposes, as they shall deem most advisable, in con- 

 formity with the original intention of the various institutions or 

 trusts for which this corporation shall be made the trustee; but 

 such recommendations shall be submitted to the corporation, who 

 shall approve, alter, or reject them; provided, nevertheless, that no 

 appropriation shall be made, either by the recommendation of the 

 board or the action of the Conference, which will diminish its 

 capital. 



11. These By-laws shall not be altered or amended except at the 

 annual meeting of this corporation, and by a vote of two-thirds of 

 the members present. 



The Tract Society of the South Carolina Conference 

 ■was formed in 1854. The Constitution and Eeport of 

 the Board of Managers for 1856 are as follows: 



Constitution. 



Article 1. This society shall be known as "The Tract Society 

 of the South Carolina Conference." 



Art. 2. It shall be auxiliary to the Tract Society of the Meth- 

 odist Episcopal Church, South, whose purposes it shall promote by 

 aiding its funds, and by colportage or otherwise, circulating the 

 publications which receive its sanction. 



