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paid gross

repayment.

And be it further enacted, That whenever it shall If Annual Payment upon happen that the Annual Sum to be determined upon Shares reduced, from time to time, by the Committee of Management persons having to be collected from the Proprietors of the said In- sums to have a proportional stitution, for the then ensuing year, shall be less than the sum of Two Pounds Two Shillings; that then and in such case the Proprietor or Proprietors, whose Share or Shares shall not be liable to any Annual Payment for the purposes aforesaid, in consequence of the same having been redeemed under the provision hereinbefore contained for that purpose, shall be entitled to receive from the Funds of the Institution from time to time, as often as the same shall happen, such a proportion of the Dividends upon the Stocks or Funds which shall have been purchased or invested as aforesaid for such Redemption of Annual Payments as aforesaid, as shall be equal to the difference between the Sum of Two Pounds Two Shillings, and the Annual Sum which shall have been so fixed upon in respect of each such Share or Shares for the current year.

And be it further enacted, That this Act shall be Public Act. deemed and taken to be a Public Act, and shall be judicially taken notice of as such by all Judges, Justices, and others.

THE

PLAN AND BYE-LAWS

OF

The London Institution

FOR

THE ADVANCEMENT OF LITERATURE

AND

THE DIFFUSION OF USEFUL KNOWLEDGE.

THE

BYE-LAWS

OF

THE LONDON INSTITUTION.

SECTION I.

OF THE DESIGN OF THE LONDON INSTITUTION.

In addition to the provisions of the Charter, with regard to the Library and Lectures, there shall be a Reading - Room, where the foreign and domestic Journals, and other Periodical works, and the best Pamphlets and new publications, shall be provided for the use of the Proprietors and Subscribers.

SECTION II.

OF THE AUDITORS.

At the Annual Meeting in April, Five Auditors shall be appointed, Three of whom shall form a Quorum. The Report of the Auditors to be printed and ready for delivery to each Proprietor at the House of the Institution, eight days previous to such meeting.

SECTION III.

OF THE GENERAL MEETINGS OF PROPRIETORS.

ART. I. The Annual General Meeting of Proprietors appointed by the Charter, shall be held on the last Thursday in April: the Chair to be taken at Twelve o'clock precisely.

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