By-Laws

I. PRESIDING OFFICER. At all business meetings of the Institute the President, or, in his absence, the First Vice-President, or, in the absence of both of them, any other Vice-President or Director, chosen by the meeting, shall preside. At all other meetings of the Institute the President, or, in his absence, one of the Vice-Presidents, shall preside. If none of these be present the meeting shall elect a Chairman. II. ORDER OF BUSINESS. At each business meeting of the Institute the order of business shall be as - follows : 1. Reading of minutes-of preceding meeting. 2. Report of the President. 3. Report of the Treasurer. 4. Report of the. Secretary. 5. Election of Directors. 6. Reports of Standing Committees. 7. Reports of Special Committees. 8. Special Orders. 9. Miscellaneous business. This order of business may be changed at any meeting, by a vote of a majority of the Members and Associates present. At all sessions of the Institute, other than business meetings, the order of pro¬ceedings and the time of adjournment shall rest in the discretion of the presiding officer. III. SECRETARY OF THE INSTITUTE. The Secretary shall keep a record of the proceedings of all meetings of the Institute. He shall be custodian of the corporate seal, of the minute books, and of all legal documents belonging to the Institute. He shall have charge, on behalf of the Institute, of all correspondence except such as pertains directly to the office of the Treasurer. He shall notify all Officers and Directors and all members of committees of their election and appointment; shall issue notices of all meetings of the Board, and of the annual and other business meetings of the Institute; and shall; in calling, special meetings of the Directors, specify the objects of such meetings. He shall act as clerk at all the meetings of the Board of Directors and at all meetings of the Institute. The Secretary shall be custodian of all technical or scientific papers submitted to the Institute for its consideration, shall have general charge and supervision of the editing and proof-reading of all material published by the Institute, and of the distribution thereof, and be ex officer Chairman of the Committee on Publications. On the first day of May following the year in which each volume of Transac-