Page:New Zealand Institute Act 1903.pdf/3

110 9. (1.) The first annual meeting of the Board of Governors hereinbefore constituted shall be held at Wellington on some day in the month of January, one thousand nine hundred and four, to be fixed by the Governor, and annual meetings of the Board shall be regularly held thereafter during the month of January in each year, the date and place of such aimual meeting to be fixed at the previous annual meeting.

(2.) The Board of Governors may meet during the year at such other times and places as it deems necessary.

(3.) At each annual meeting the President shall present to the meeting a report of the work of the Institute for the year preceding, and a balance-sheet, duly audited, of all sums received and paid on behalf of the Institute.

10. The Board of Governors may from time to time, as it sees fit, make arrangements for the holding of general meetings of members of the Institute, at times and places to be arranged, for the reading of scientific papers, the delivery of lectures, and for the general promotion of science in the colony by any means that may appear desirable.

11. The Colonial Treasurer shall, without further appropriation than this Act, pay to the Board of Governors the annual sum of five hundred pounds, to be applied in or towards payment of the general current expenses of the Institute.

12. (1.) On the appointment of the first Board of Governors under this Act the Board of Governors constituted under the Act hereby repealed shall cease to exist, and the property then vested in, or belonging to, or under the control of that Board shall be vested in His Majesty for the use and benefit of the public.

(2.) On the recommendation of the President of the Institute the Governor may at any time hereinafter, by Order in Council, declare that any part of such property specified in the Order shall be vested in the Board constituted under this Act.

13. All regulations, together with a copy of the Transactions of the Institute, shall be laid upon the table of both Houses of Parliament within twenty days after the meeting thereof.