BY-LAWS. 13 



3. Election of Honorary and Corresponding Members and 

 Fellows. 



4. Election of officers for the ensuing year. 



5. Annual address of the retiring President. 



Chapter X, 

 Publications. 



1. Annals and Memoirs. The established publications of the 

 Academy shall consist of the Annals and Memoirs. They shall 

 be issued by an Editor appointed by the Council, and shall be 

 under the supervision of the Committee on Publications. One 

 copy of all publications shall be furnished free to each Resident 

 Member and Fellow, and one copy of each volume of Annals 

 to all Honorary and to all Corresponding Members who may 

 signify their desire to receive them. 



2. Publication Fnnd. Contributions may be received for the 

 publication fund, and the income thereof shall be applied to- 

 ward defraying the expenses of the scientific publications of the 

 Academy. 



Chapter XL 

 Greneral Provisions. 



1. Debts. No debt shall be incurred on behalf of the Academy 

 unless authorized by the Council. 



2. Bills. All bills submitted to the Council must be certified 

 as to correctness by the officers incurring them. 



3. Investments. All the permanent funds of the Academy 

 shall be invested in United States, or in New York State securi- 

 ties, or in first mortgages on New York real estate, provided 

 they shall not exceed 65^ of the value of the property. All in- 

 come from Patron's fees, Life membership fees, and initiation 

 fees, shall be added to the permanent fund. 



4. Expidsion, etc. Any member or Fellow may be censured, 

 suspended or expelled, for violation of the constitution or by- 

 laws, or for any other offence deemed sufficient, by a vote of 

 three-fourths of the members and three-fourths of the Fellows 

 present at any business meeting, provided such action shall have 



