170 Proposed Alterations in the Bides. [Aiiairsr, 



Ettle 36 A to be cancelled. 

 Rule 38. Projjosed Hides. 



I. Of tJw Funds of tlie Society now invested in Govt. Securities^ 

 Us. 1,20,000 shall he considered as a Permanent Reserve Fund for the 

 'benefit of the Society and it shall not he comj^etent to the Oouneil, or to any 

 of the Society's Oncers, or to any Committee of the Society to sell or other- 

 ivise alienate the said fimd or any portion of it without first recommending 

 the sale or alienation in question to the Society and talcing the votes of the 

 general hody of JSIemhers, as provided in Bides 82 and 33, and further such, 

 sale or alienation shall only he lawful if carried hy a majority of not less 

 than three fourths of the onenihers who have voted. And should any portion 

 of the Permanent Fund he sold or alienated hy authority of the onemhers of 

 the Society the remainder shall he preserved under this ride in the same 

 manner as if the sum were intact. Bid this rule shall not apply to the 

 temporary investments in Govt. Securities mentioned in the following 

 rule. 



II. Tlie remaining Funds of the Society shall he lodged in the Bank 

 of Bengal in the name of the Society. Any suoplus not reqidred for imme- 

 diate expenditii/i''e shall he invested from time to time hy the Treasurer in 

 the name of the Society as a Temporary Vested Fund ; hut no Government 

 or other Securities forming part of this Fund shall he sold or otherivise 

 disposed of hy the Treasurer or any Officer or Committee of the Society 

 except hy special order of the Council. 



Ill Whenever the Temporary Vested Fund shall exceed the sum of 

 Bs. 10,000 it shall he lauful to the Council, if they consider it desirahle, to 

 transfer such excess to the Permanent Beserve Fund, and the provisions of 

 Bide I shall apply to these additions exactly as if they had formed part of 

 the original sum. 



IV. All sums received from Memhers as Admission or Compounding 

 fees shall he regularly invested hy the Treasurer as soon as possihle after 

 the receipt thereof and only the interest accfuing thereform shall he consi- 

 dered available for the general expenditwi^e of the Society. Such investments 

 shall form, and be treated as, part of the Permanent Beserve Fund under 

 Bule I. 



V. All Securities and monies the property of the Society shall he 

 lodged for safe custody in the Banh of Bengal. 



VI. Cheques drawn on the Banh for sums in excess of Bs. 500, 

 shall he signed hy the Treasurer and counter-signed hy a Member of 

 Council. 



