X CHARTER OF THE BRITISH ASSOCIATION. 



of Our Privy Council, of which approval the certificate of 

 the Clerk of Our Privy Council shall be sufficient evidence. 



1 1 . The income and property of the Association whence- 

 soever derived shall be applied solely towards the promotion 

 of the objects of the Association hereinbefore expressed or 

 undertaken in addition thereto, and no portion of the said 

 income and property shall be paid or transferred by way of 

 dividend, bonus or otherwise howsoever by way of profit 

 to the members of the Association or any of them, except in 

 the case of and as a salaried Officer of the Association, and 

 provided that nothing in this Article shall prevent the 

 exercise of the powers granted to the Association under 

 Article 4 (iv) of this Our Charter. And the debts and 

 liabilities of the Association shall at all times be discharged 

 by the Association, provided that the liability of the 

 members thereof shall not at any time exceed the amount 

 of the annual subscription and other sums (if any) due 

 from the said members. 



12. The Association shall have power through its 

 General Treasurer to invest all moneys and funds of the 

 Association which are not immediately required to be 

 expended for the purposes thereof and which the Council 

 think proper to be invested in such investments as may be 

 authorised by the law for the time being in force for the 

 investment of trust funds, or to deposit the same with any 

 bank, and to grant, continue and pay such salaries, wages, 

 pensions, gratuities, superannuation, retiring allowances or 

 other sums in recognition of services (whether rendered 

 before or after the granting of this Our Charter) as may 

 from time to time be sanctioned by the Council. 



13. And We do hereby further declare that if and when 

 the Association shall cease to be an Association for the 

 purposes aforesaid and the affairs thereof shall have been 

 completely wound up and its debts and obligations fully 

 discharged this Our Charter shall be absolutely void, but 

 that if on the winding up or dissolution of the Association 

 there shall remain, after the satisfaction of all its debts. 



