Jan., 1918. Annual Report of the Director. 



215 



the Chairman of the Administration Committee, the Chairman of the Auditing Com- 

 mittee, the Chairman of the Pension Committee, and two other members of the 

 Board to be elected by ballot at the Annual Meeting. 



Sec. 4. Four members shall constitute a quorum of the Executive Committee; 

 three members shall constitute a quorum of the Administration Committee, and in 

 all other standing Committees, two members shall constitute a quorum. In the 

 event that, owing to the absence or inability of members, a quorum of the regularly 

 elected members cannot be present at any meeting of any Committee, then the 

 Chairman thereof, or his successor, as herein provided, may simimon any member of 

 the Board of Trustees to act in place of the absentee. 



Sec. 5. The Finance Committee shall have supervision of investing the endow- 

 ment and other permanent funds of the Corporation, and the care of such real 

 estate as may become its property. It shall have authority to invest, sell, and re- 

 invest funds, subject to the approval of the Board. 



Sec. 6. The Building Committee shall have supervision of the construc- 

 tion, reconstruction, and extension of any and all buildings used for Museum 

 purposes. 



Sec. 7. The Executive Committee shall be called together from time to time 

 as the Chairman may consider necessary, or as he may be requested to do by three 

 members of the Committee, to act upon such matters affecting the administration 

 of the Museum as cannot await consideration at the Regular Monthly Meetings 

 of the Board of Trustees. It shall, before the beginning of each fiscal year, prepare 

 and submit to the Board an itemized Budget, setting forth the probable receipts from 

 all sources for the ensuing year, and make recommendations as to the expenditures 

 which should be made for routine maintenance and fixed charges. Upon the adoption 

 of the Budget by the Board, the respective Committees shall be considered as 

 authorized to make the expenditures detailed therein. No increase in the expendi- 

 tures under any items of the Budget shall be made, except by authority of the Board 

 of Trustees, but the Executive Committee shall have authority, in cases of emer- 

 gency, to expend a further total sum not exceeding two thousand dollars in any one 

 month. 



Sec. 8. The Administration Committee shall have general supervision of the 

 affairs of the Museum. The Committee shall hold one meeting each month with 

 the Director at the Museum within a week preceding each Monthly Meeting of the 

 Board of Trustees. 



Sec. 9. The Auditing Committee shall have supervision over all ac- 

 counting and bookkeeping, and full control of the financial records. It shall 

 cause the same, once each year, or oftener, to be examined by an expert indi- 

 vidual or firm, and shall transmit the report of such expert individual or firm 

 to the Board at the next ensuing regular meeting after such examination shall 

 have taken place. 



Sec. 10. The Pension Committee shall determine by such means and processes 

 as shall be established by the Board of Trustees to whom and in what amount the 

 Pension Fund shall be distributed. These determinations or findings shall be subject 

 to the approval of the Board of Trustees. 



Sec. II. The Chairman of each Committee shall report the acts and proceed- 

 ings thereof at the next ensuing regular meeting of the Board. 



Sec. 12. The President shall be ex-officio a member of all Committees and 

 Chairman of the Executive Committee. Vacancies occurring in any Committee may 

 be filled by ballot at any regular meeting of the Board. 



