1799.] THE EOYAL INSTITUTION. 127 



well as to found the Institution on a more solid basis, one- 

 half of the sums subscribed by the original subscribers and 

 proprietors of the Institution will be permanently vested 

 in the public funds, or in the purchase of freehold property, 

 and the annual produce thereof employed in defraying the 

 expense of keeping up the Institution. 



4/o. Each original subscriber and proprietor of the 

 Institution to be an hereditary governor of the Institution 

 to have a perpetual transferable share in all the property 

 belonging to it to have a voice in the election of the 

 managers of the Institution, as also in the election of the 

 Committee of Visitors to have, moreover, two transferable 

 tickets of perpetual admission into the establishment, and 

 into every part of it, and two transferable tickets of 

 admission to all the public philosophical lectures and 

 experiments. 



5to. Although the shares of proprietors and all the 

 privileges annexed to them are hereditary, and are also 

 transferable by sale or by donation, yet those to whom such 

 shares are conveyed by sale or by donation must, in order to 

 their being rendered capable of holding them, have obtained 

 the approbation and consent of the majority of the managers 

 for the time being. Those who shall become possessed of 

 these shares by inheritance will not stand in need of the 

 consent of the managers to be qualified to hold them, and 

 to enjoy the rights and privileges annexed to them. 



6/0. Proprietors' tickets will admit any persons who shall 

 be the bearers of them. 



7mo. Proprietors will have the privilege of recommend- 

 ing persons for admittance to the philosophical lectures 

 and experiments, and the persons so recommended will 

 be admitted in all cases where there shall be room for their 

 accommodation, provided that the persons so admitted con- 

 form to the rules and regulations which will be established 

 by the managers for the preservation of order and decorum 

 within the walls of the Institution. 



