23 
originate with the Classes to which the subjects belong, and 
be by them submitted to the Academy for approval ; except 
requests from the Government of the United States, which 
shall be acted on by the President, who will in such cases 
report, if necessary, at once to the Government, and to the 
Academy at its next stated meeting. 
Secor. 5. The judgment of the Academy shall be at all 
times at the disposition of the Government, upon any matter 
of Science or Art within the limits of the subjects embraced 
by it. 
Secor. 6. An Annual Report to be presented to Congress, 
shall be prepared by the President, and before its presenta- 
tion submitted by him, first to the Council, and afterwards 
to the Academy at its January meeting. 
Sect. 7. Medals and Prizes may be established, and the 
means of bestowing them accepted, by the Academy, upon 
the recommendation of the Council ; by whom all the neces- 
sary arrangements for their establishment and award shall 
be made. 
ARTICLE VI. 
Of the Property of the Academy. 
Sect. 1. All investments shall be made by the Treas- 
urer in the corporate name of the Academy, in stocks of the 
United States. 
Sect. 2. No contract shall be binding upon the Acade- 
my, which has not been first approved by the Council. 
Sect. 3. The assessments required for the support of the 
Academy, shall be fixed by the Academy on the recommen- 
dation of the Council. 
