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and a Vice-President, and shall elect annually a Treasurer and a Secretary.

Sec. 3. The President shall preside at the meetings of the Society and of the Board of Managers, or may delegate this duty. The President and the Secretary shall sign all written contracts and obligations of the Society.

Sec. 4. In the absence of the President his duties shall devolve on the Vice-President.

Sec. 5. The Treasurer shall have charge of the funds of the Society, under the direction of the Board of Managers, and shall make collections and disbursements and render an annual report, and his accounts shall be audited by a committee of the Society, not members of the Board, annually and at such other times as the Board may direct.

Sec. 6. The Secretary shall record the proceedings of the Society and of the Board of Managers, conduct correspondence, and make an annual report.

Sec. 7. The Board of Managers shall fill vacancies arising in the Board.

Sec. 8. All officers shall serve until their successors are chosen.

Section 1. The Board of Managers shall select annually from its own number an Executive Committee.

Sec. 2. There shall be standing committees on Publications, Communications, Admissions, Research, and Finance, whose chairmen shall be members of the Board of Managers. These committees shall be appointed immediately after the annual election of the President, to serve until their successors are designated.

Sec. 3. The committees of the Society and of the Board of Managers shall be appointed by the President except when otherwise provided. The President shall be a member ex officio of every committee.

Section 1. The fiscal year of the Society shall begin on the first day of January.

Sec. 2. The annual dues of members shall be two dollars, payable in January.

Sec. 3. Fellows shall pay an initiation fee of ten dollars on notice of election

Sec. 4. Members or fellows may commute annual dues and acquire life membership by the payment at one time of fifty dollars.

Sec. 5. Members or fellows whose dues remain unpaid on March 1 shall be notified by the Treasurer that unless the dues are paid within one month they will be in arrears and not entitled to vote at the annual meeting, to receive the publications of the Society, or to purchase lecture tickets on members' terms. Members or fellows one year in arrears shall, after formal notification, be regarded as having withdrawn from the Society.

Sec. 6. The funds of the Society may be invested and loans may be negotiated in the interests of the Society, and any other financial business germane to the purposes of the Society may be transacted, by the Board of Managers.

Section 1. Regular meetings of the Society shall be held on alternate Fridays from November until May.

Sec. 2. Special meetings may be ordered by the Board of Managers or called by the President.

Sec. 3. The annual meeting shall be held in the District of Columbia on the second Friday in January.

Sec. 4. Twenty members or fellows shall constitute a quorum.

Sec. 5. Regular meetings of the Board of Managers shall be held on the same days as the regular meetings of the Society; special meetings may be held at the call of the President or on notice signed by five members of the Board: Provided, That for any of its own meetings the Board may substitute meetings of the Executive Committee.

Sec. 6. Lectures and lecture courses may be provided by the Board of Managers. Free admission to such lectures shall not be a prerogative of membership, but tickets shall be sold to members and fellows on more favorable terms than to non-members: Provided, That each life member who acquired life membership prior to the year 1901 shall be entitled to two admissions to each lecture and course.

The Society shall publish a journal or periodical under the title, The National Geographic Magazine, which shall be sent to all members and fellows of the Society not in arrears, and may be placed on sale.

These By-Laws may be amended by a two-third vote of the members present at any regular meeting, provided the proposed amendments are reported by the Board of Managers, and provided that notice thereof has been sent to all members of the Society not less than ten nor more than sixty days before the meeting. The publication of proposed amendments in The National Geographic Magazine shall be deemed a notice within the meaning of this article.