48 PROCEEDINGS S. I. ASSN. ARTS AND SCIENCES. [V^OL. I 



The routine business of the Association has been carried on contin- 

 uously by the officers, as will be set forth in their annual reports. 



Respectfully submitted for the Board, 



Arthur Hollick, Secretary. 



Report of the Executive Committee. 



The Executive Committee held only one formal meeting-, on March 

 26, igo6, at which the following- items of business, referred to the Com- 

 mittee by the Board of Trustees, were acted upon : 



I. 



Resolved: that the form and amount of the Treasurer's bond be re- 

 ferred to the Executive Committee with power to determine. 

 [Extr. Minutes Board of Trustees, Dec. 5, 1905.] 



Bond No. 230080, of the United States Guarantee Company, 11 1 

 Broadway, New York, N. Y., in the sum of $1,000.00, for one year, 

 from January loth, 1906, to January loth, 1907, was submitted and 

 examined. 



Voted : that the Treasurer's bond in the sum of $1,000.00 (Bond No. 

 230080 of the United States Guarantee Company) , be and the same is 

 hereby approved. 



Voted : that the Treasurer be authorized to pay the amount of the 

 annual premium ($7.50) from the funds of the Association. 



II. 



-Resolved: that the disposition of moneys received from life member- 

 ship fees be referred to the Executive Committee with power to deter- 

 mine. 



[Extr. Minutes Board of Trustees, Jan. 6, 1906.] 



It was determined to open a savings bank account by depositing- 

 $100.00, representing- the two life membership contributions of fifty 

 dollars each, previously received ; and it was Voted: that all future life 

 membership contributions be deposited to the credit of the said ac- 

 count, and that this account, including- all accrued interest thereon, be 

 reserved as a permanent investment fund. 



The routine work of the Committee, such as was necessary to keep 

 the administrative machinery of the Association in motion during- the 

 intervals between the meeting:s of the Board of Trustees, was accom- 

 plished by informal conferences from time to time. 



