XVI NEW YORK ACADEMY OF SCIENCES 



3. Election of officers for the ensuing year. 



4. Annual address of the retiring President. 



Chapter X. 

 PUBLICATIONS. 



1. Publications. The established publications of the Acad- 

 emy shall be the Annals and the Memoirs. They shall be 

 issued by the Editor under the supervision of the Committee on 

 Publications. 



2. Distribution. One copy of all publications shall be sent 

 to each Patron, Life Member, Active Member, and Fellow, pro- 

 vided, that upon enquiry by the Editor such Members or Fel- 

 lows shall signify their desire to receive them. 



3. Publication Fund. Contributions may be received for the 

 publication fund, and the income thereof shall be applied toward 

 defraying the expenses of the scientific publications of the 

 Academy. 



Chapter XL 



GENERAL PROVISIONS. 



1. Debts. No debts shall be incurred on behalf of the Acad- 

 emy unless authorized by the Council. 



2. Bills. All bills submitted to the Council must be certi- 

 fied 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 real estate, provided they shall not 



'exceed sixty-five per cent, of the value of the property, or in 

 first mortgage bonds of Corporations which have paid dividends 

 continuously on their common stock for a period not less than 

 five years. All income from patron's fees, life membership fees, 

 and donor's fees shall be added to the permanent fund. 



4. Expulsion, etc. Any Member or Fellow may be censured, 

 suspended, or expelled, for violation of the Constitution or By- 

 Laws, or for any offence deemed sufficient, by a vote of three- 

 fourths of the Members and three-fourths of the Fellows present 



