BY-LAWS 97 



BY-LAWS 



Chapteb I 



OF MEMBERSHIP 



1. No person shall be accepted as a Fellow unless he pay his initiation fee, 

 and the dues for the year, within three months after notification of his election. 

 The initiation fee shall be ten (10) dollars and the annual dues ten (10) dol- 

 lars, the latter payable on or before the annual meeting in advance; but a 

 single prepayment of one hundred find fifty (150) dollars shall be accepted as 

 commutation for life. A Fellow in good standing, however, who has paid 

 annual dues for not less than fifteen (15) years may commute further dues 

 and become a Life Fellow by making a single payment of one hundred (100) 

 dollars. 



2. The sums paid in commutation of dues shall be covered into the Publica- 

 tion Fund. 



3. An arrearage in payment of annual dues shall deprive a Fellow of the 

 privilege of taking part in the management of the Society and of receiving the 

 publications of the Society. An arrearage continuing over two (2) years shall 

 be construed as notification of withdrawal. 



4. Any person eligible under Article III of the Constitution may be elected 

 Patron upon the payment of one thousand (1,000) dollars to the Publication 

 Fund of the Society. 



Chapter II 



OF OFFICIALS 



1. The President shall countersign, if he approves, all duly authorized ac- 

 counts and orders drawn on the Treasurer for the disbursement of money. 



2. The Secretary, until otherwise ordered by the Society, shall perform the 

 duties of Editor, Librarian, and Custodian of the property of the Society. 



3. The Society may elect an Assistant Secretary. 



4. The Treasurer shall give bonds, with two good sureties approved by the 

 Council, in the sum of five thousand dollars, for the faithful and honest per- 

 formance of his duties and the safe-keeping of the funds of the Society. He 

 may deposit the funds in bank at his discretion, but shall not invest them 

 without authority of the Council. His accounts shall be balanced as on the 

 thirtieth day of November of each year. 



5. In the selection of Councilors the various sections of North America shall 

 be represented as far as practicable. 



6. The minutes of the proceedings of the Council shall be subject to call by 

 the Society. 



7. The Council may transact its business by correspondence during the inter- 

 vals between its stated meetings ; but affirmative action by a majority of the 

 Council shall be necessary in order to make action by correspondence valid. 



VII — Bull, Geol. Soc. Am., Vol. 25, 1913 



