

EXTRACT FROM THE LAWS. 



THE HENRY M. THlLLlPs l-Kl/E ESSAY FUND. 



Miss Emily Piiillips, of Philadelphia, a sister of Hon. Henry M. Phillips, deceased, 

 presented to the American Philosophical Society, held at Philadelphia for Promoting 

 Useful Knowledge, on October 5, 1888, the sum of five thousand dollars for the estab- 

 lishment and endowment of a Prize Fund, in memory of her deceased brother, who 

 was an honored member of the Society. The Society, at a stated meeting, held Octo- 

 ber 5, 1888, accepted the gift and agreed to make suitable rules and regulations to 

 carry out the wishes of the donor, and to discharge the duties confided to it. In fur- 

 therance whereof, the following rules and regulations were adopted by the Society at 

 a stated meeting held on the seventh day of December, A.D. 1888. 



Tv'r.s/. The Prize Endowment Fund shall be called the " Henry M. Phillips' Prize 

 Essay Fund." 



Second, The money constituting the Endowment Fund, viz., five thousand dollars, 

 shall be invested by the Society in such securities as may be recognized by the laws of 

 Pennsylvania, as proper for the investment of trust funds, and the evidences of such 

 investment shall be made in the name of the Society as Trustee of the Henry M. 

 Phillips' Prize Essay Fund. 



Third. The income arising from such investment shall be appropriated as follows : 

 [a) To making public advertisement of the prize and the sum or amount in 

 United States gold coin, and the terms on which it shall be awarded. 



{b) To the payment of such prize or prizes as may from dme to time be awarded 

 by the Society for the best essay of real merit on the Science and Philosophy of Juris- 

 prudence, and to the preparation of the certificate to be granted to the author of any 

 successful essay. 



