1799.] THE ROYAL INSTITUTION. 131 



6fo. The managers are to serve in that office without 

 any pay or emolument or pecuniary advantage whatever ; 

 and by their acceptance of their office they shall be deemed 

 solemnly to pledge themselves to the proprietors of the 

 Institution and to the public for the faithful discharge of 

 their duty as managers, and also for their strict adherence 

 to the fundamental principles of the government of the 

 Institution as established at its formation. 



7mo. The managers are to take care that the property 

 of the Institution, as far as it shall be practicable, be 

 insured against accidents by fire. 



8vo. The managers will cause exact and detailed ac- 

 counts to be kept of all the property belonging to the 

 Institution, as also of all receipts and expenditures. They 

 will also keep regular minutes of all their proceedings, 

 and will take care to preserve the most exact order and 

 the strictest economy in the management of all the affairs 

 and concerns of the Institution. 



9mo. The managers are never, on any pretext, or in any 

 manner whatever, to dispose of any money or property of 

 any kird belonging to the Institution in premiums, as the 

 design or object of the Institution is NOT TO GIVE REWARDS 

 to the authors of ingenious inventions, but to diffuse the 

 knowledge of such improvements as bid fair to be of general 

 use, and to facilitate the general introduction of them ; and 

 to excite and assist the ingenious and the enterprising by 

 the diffusion of science, and by awakening a spirit of in- 

 quiry. 



lOmo. The ordinary meetings of the managers for the 

 despatch of the current business of the Institution will be 

 held weekly namely, on every , at the hour 



of , and extraordinary meetings will be held 



as often as shall be found necessary. 



ll??io. Any three or more of the managers being present 

 at any ordinary or at an extraordinary meeting, the others 

 having been duly summoned, to be a quorum. 



K 2 



