Jan., 1913. Annual Report of the Director. 



265 



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 of 

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

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

 by one of the Vice-Presidents. But no warrants 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. 



Sec. 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. 



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

 as shall be approved by the Board of Trustees. 



Sec. 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 the Chairman of the Administration 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 

 payment by the Chairman of the Building Committee. All vouchers executed in 

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

 with the endowment funds of the Corporation, shall be verified by the Auditor and 

 approved for payment by the Chairman of the Finance Committee. 



Sec. 5. The Harris Trust and Savings Bank of Chicago shall be Custodian of 

 "The N. W, Harris Public School Extension of Field Museum" fund. The Bank 

 shall make disbursements only upon warrants drawn by the Director and counter- 

 signed by the President. In the absence or inability of the Director, warrants may 

 be signed by the Chairman of the Finance Committee, and in the absence or inability 

 j 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 veri- 

 i fied and approved as hereinafter prescribed. It shall be no part of the duties of the 

 Bank to see that the warrants have been issued in conformity with such vouchers. 



ARTICLE VI. 



THE DIRECTOR. 



Section i. The Board of Trustees shall elect a Director of the Museum, who 

 shall remain in office until his successor shall be elected. He shall have immediate 

 charge and supervision of the Museum, and shall control the operations of the insti- 

 tution, subject to the authority of the Board of Trustees and its Committees. The: 



