CHAPTER III.

Subscribers.

1. EACH Subscriber of sixty guineas or upwards, at one time, shall be a hereditary Governor.

2. Each Subscriber of thirty guineas, at one time, shall be a Governor for life.

3. Each Subscriber of three guineas, annually, shall be a Governor during the continuance of his subscription.

4. Each Subscriber of ten guineas, at one time, shall be a Member for life.

5. Each Subscriber of one guinea, annually, shall be a Member during the continuance of his subscription.

6. Governors and Members shall have the right of attending all General Meetings, and of voting for the choice of the officers of the Institution.

7. Hereditary Governors shall have the farther privilege of transmitting, to any person whom they may appoint by will, their interest in the Institution.

8. No Subscriber, whose subscription shall be more than one year in arrear, shall have any right to vote at the General Meetings of the Society, until his arrear shall have been paid.

9. All annual subscriptions become payable on the 1st of January, in each year.

10. After the 1st of May, 1808, no person shall be entitled to vote at a General Meet

ing, until he shall have been a Subscriber for six calendar months.

CHAPTER IV.

Management of the Institution.

1. THE sole management of the affairs of the Institution shall be vested in a Patron and President, twelve Vice Presidents, a Treasurer, and a Board of thirty-six Directors, to be chosen from among the Governors of the Institution, five of whom shall be a quorum.

2. Six of the Directors who shall have attended the meetings of the Board the fewest times, shall vacate their seats annually, and their places shall be supplied by a fresh election.

3. The Patron and President, Vice Presidents and Treasurer, are ex officio Directors; but for the more regular and systematic administration of the affairs of the Institution, a Chairman and Deputy Chairman shall be

chosen by the Directors from their own body, one of whom, if present, shall preside at all meetings of the Board.

4. The Directors shall be empowered to hire or purchase a House or Office, and to appoint Officers for conducting the affairs of the Institution; to call General Meetings of the Subscribers; to divide themselves into Committees for the more convenient dispatch of business; to form local Committees for promoting subscriptions, and for other purposes connected with the welfare of the Institution; and generally to frame such By-Laws, not inconsistent with the fundamental rules of the Society, as shall appear to them to be necessary for the due administration of its concerns.

CHAPTER V.

General Meetings.

1. A General Annual Meeting of the Subscribers shall be held on the 25th day of March next, and in every subsequent year on the Wednesday which is the nearest to the 25th of March, that being the day on which the Act for abolishing the Slave Trade received the Royal Assent.

2. At this Annual Meeting the Election of the Officers of the Society shall take place, and the vacancies in the Board of Directors be supplied.

3. At this Meeting a Report shall be made of the proceedings of the Directors during the past year.

4. In case of an equality of Votes, either at a General Meeting or at a Board of