Page:Charter and By-Laws of the German Society of the City of New-York (1808).djvu/11

 And be it further enacted, That the said corporation, and their successors, shall have full power from time to time to make by-laws and ordinances relative to the management and disposition of the estate and concerns of the said corporation; and the regulation of the persons exercising the offices aforesaid. Provided that such by-laws and regulations be not repugnant to the constitution or the laws of the United States and of this State.

And be it further enacted, That the board of officers shall at least once every year on the last Monday in January, exhibit to the members of this corporation an exact account of the receipts and disbursements of the preceding year.

And be it further enacted, That all persons desirous to become members of this corporation shall be proposed by at least two members, one meeting previous to his or their election, which shall be by ballot, and determined by two thirds of the members present at such election—that then he or they so elected, on paying into the hands of the Treasurer such sum as the corporation by their by-laws shall direct, provided the same shall not exceed the sum of fifteen dollars, shall have his or their names inserted in the general Register, and shall be entitled to all the privileges and benefits arising therefrom.

And to the end that the funds of the said corporation may never be diverted to any other than the charitable purposes for which the institution has been expressly made and created,

Be it further enacted, That the corporation shall, within sixty days after the passing of this act, exhibit to the chancellor of this state a full and particular account of all the estate real and personal then vested in the said corporation, attested by the oath of the Treasurer thereof, that the same is a true and perfect account; and shall also triennially between the first and last days of May, exhibit to the chancellor for the time being a like account,