7. A sum, not exceeding one thousand dollars, may be set apart by the Council from the net receipts for publications, as a working capital; and when the said net receipts shall exceed that sum, the excess shall be divided, from time to time, among the members of the Society, by remitting either a part or the whole cost of a volume, as may be deemed expedient.
8. All moneys belonging to the Society shall be deposited in the New England Trust Company in Boston, unless some other banking institution shall be designated by a vote of the Council; and said moneys shall be entered in the name of the Society, subject to the order of the Treasurer.
9. It shall be the duty of the President to call the Council together, whenever it may be necessary for the transaction of business, and to preside at its meetings.
10. It shall be the duty of the Vice-Presidents to authorize all bills before their payment, to make an inventory of the property of the Society during the month preceding the annual meeting and to report the same to the Council, and to audit the accounts of the Treasurer.
11. It shall be the duty of the Corresponding Secretary to issue all general notices to the members, and to conduct the general correspondence of the Society.
12. It shall be the duty of the Recording Secretary to keep a complete record of the proceedings both of the Society and of the Council, in a book provided for that purpose.
13. It shall be the duty of the Treasurer to forward to the members bills for the volumes, as they are issued; to superintend the sending of the books; to pay all bills authorized and indorsed by at leaft two Vice-Presidents of the Society; and to keep an accurate account of all moneys received and disbursed.
14. No books shall be forwarded by the Treasurer to any member until the amount of the price fixed for the same shall have been received; and any member neglecting to forward the said amount for one month after his notification, shall forfeit his membership.
OFFICERS OF THE PRINCE SOCIETY.
President.