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



433 



ARTICLE VIII. 



COMMITTEES. 



Section i. There shall be five Committees, as follows: Finance, Building, 

 Auditing, Pension and Executive. 



Section 2. The Finance Committee shall consist of five members, the Auditing 

 and Pension Committees shall each consist of three members, and the Building 

 Committee shall consist of five members. All members of these four Committees shall 

 be elected by ballot by the Board at the Annual Meeting, and shall hold office for 

 one year, and until their successors are elected and qualified. In electing the members 

 of these Committees, the Board shall designate the Chairman and Vice-Chairman by 

 the order in which the members are named in the respective Committee; the first 

 member named shall be Chairman, the second named the Vice-Chairman, and the 

 third named. Second Vice-Chairman, succession to the Chairmanship being in this 

 order in the event of the absence or disability of the Chairman. 



Section 3. The Executive Committee shall consist of the President of the 

 Board, the Chairman of the Finance Committee, the Chairman of the Building 

 Committee, the Chairman of the Auditing Committee, the Chairman of the Pension 

 Committee, and three other members of the Board to be elected by ballot at the 

 Annual Meeting. 



Section 4. Four members shall constitute a quorum of the Executive Com- 

 mittee, and in all standing Committees two members shall constitute a quorum. 

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

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

 the Chairman thereof, or his successor, as herein provided, may stunmon any mem- 

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



Section 5. The Finance Committee shall have supervision of investing the 

 endowment 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 reinvest 

 funds, subject to the approval of the Board. 



Section 6. The Building Committee shall have supervision of the construction, 

 reconstruction, and extension of any and all buildings used for Museum purposes. 



Section 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 administra- 

 tion 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 expendi- 

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

 adoption of the Budget by the Board, the expenditures as stated are authorized. 



Section 8. The Auditing Committee shall have supervision over all accounting 

 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 individual 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. 



Section 9. 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. 



