Jan., 192 1. Annual Report of the Director. 



431 



ARTICLE IV. 



OFFICERS. 



Section i. The officers shall be a President, a First Vice-President, a Second 

 Vice-President, a Secretary, an Assistant Secretary and a Treasurer. They shall 

 be chosen by ballot by the Board of Trustees, a majority of those present and voting 

 being necessary to elect. The President, the First Vice-President, and the Second 

 Vice-President shall be chosen from among the members of the Board of Trustees. 

 The meeting for the election of officers shall be held on the third Monday of January 

 of each year, and shall be called the Annual Meeting. 



Section 2. The officers shall hold office for one year, or until their successors 

 are elected and qualified, but any officer may be removed at any regular meeting of 

 the Board of Trustees by a vote of two-thirds of all the members of the Board. 

 Vacancies in any office may be filled by the Board at any meeting. ^ 



Section 3. The officers shall perform such duties as ordinarily appertain to 

 their respective offices, and such as shall be prescribed by the By-Laws, or designated 

 from time to time by the Board of Trustees. 



^ ARTICLE V. 



the treasurer. 



Section i. The Treasurer shall be custodian of the funds of the Corporation 

 except as hereinafter provided. He shall make disbursements only upon warrants 

 drawn by the Director and countersigned by the President. In the absence or 

 inability of the Director, warrants may be signed by the Chairman of the Finance 

 Committee, and m the absence or inability of the President, may be countersigned by 

 one of the Vice-Presidents. But no warrant shall be issued, except in conformity with 

 a regularly prepared voucher, giving the name of the payee and stating the occasion 

 for the expenditure, and verified and approved as hereinafter prescribed. It shall 

 be no part of the duties of the Treasurer to see that the warrants have been issued in 

 conformity with such vouchers. 



Section 2. The securities and muniments of title belonging to the corporation 

 shall be placed in the custody of some Trust Company of Chicago to be designated 

 by the Board of Trustees, which Trust Company shall collect the income and principal 

 of said securities as the same become due, and pay same to the Treasurer, except as 

 hereinafter provided. Said Trust Company shall allow access to and deliver any or 

 all securities or muniments of title to the joint order of the following officers, namely: 

 The President or one of the Vice-Presidents, jointly with the Chairman, or one of the 

 Vice-Chairmen, of the Finance Committee of the Museum. 



Section 3. The Treasurer shall give bond in such amount, and with such 

 sureties as shall be approved by the Board of Trustees. 



Section 4. All vouchers executed for the payment of liabilities incurred in 

 the administration of the Museum, shall be verified by the Auditor, and approved 

 for payment by the Director, and a member of the Executive Committee. All 

 vouchers executed for expenditures for the construction or reconstruction of the 

 Museum building, or buildings, shall be verified by the Auditor and approved for pay- 

 ment by the Chairman of the Building Committee. All vouchers executed in con- 

 nection with the investments of the Corporation, or, in any way having to do with 



