PROCEEDINGS. 339 



tsivy pro tern. Duly executed bonds of the Treasurer, Director 

 of the Museum, and Librarian, were received, examined 

 and approved, in accordance with the provisions of Section 

 3 of the Constitution. 



Very early in the year your Trustees definitely decided to 

 improve the lot on Market street, near Fourth, by the 

 erection of a building suitable for the accommodation of the 

 Academy, as well as making provision for renting stores 

 and rooms, whereby an income may be relied upon. 



In view of the importance of this work, the entire Board 

 of Trustees was appointed to serve upon the Prudential or 

 Building Committee, the details of various branches of the 

 work being attended to by sub-committees. Arrangements 

 were promptly made with the trustees of the Lick Estate 

 for a loan to cover the cost of the improvements, in the sum 

 of $200,000, the money to be drawn in various sums from 

 time to time, as the work progressed. Trustee Holladay 

 was appointed Attorney of the Board, and was authorized 

 to associate with himself the firm of Mastick, Belcher & 

 Mastick, should he desire to do so. 



In April circulars were issued to various architects, invit- 

 ing them to submit plans for two buildings on the 

 Market - street lot, one fronting on Market street, to be 

 rented for general commercial purposes, and a sepa- 

 rate building in the rear, designed for the exclusive 

 use and accommodation of the Academy, and to be thor- 

 oughly fire-proof. Several plans were submitted, and after 

 due consideration at several meetings, in some of which the 

 members of the Council joined, a contract was made with 

 Messrs. Percy & Hamilton, covering the construction of the 

 building upon plans made up of modifications of those 

 presented, agreed upon by Trustees and Council in joint 

 meeting. 



Much consideration has been given to the matter of mak- 

 ing an arrangement with the Society of California Pioneers 



2D SER. Vol. I. (23) 



