Page:Transactions NZ Institute Volume 3.djvu/16



1. No Society shall be incorporated with the Institute under the provisions of "The New Zealand Institute Act 1867," unless such Society shall consist of not less than twenty-five Members, subscribing in the aggregate a sum of not less than fifty pounds sterling annually, for the promotion of art, science, or such other branch of knowledge for which it is associated, to be from time to time certified to the satisfaction of the Board of Governors of the Institute by the Chairman for the time being of the Society.

2. Any Society incorporated as aforesaid shall cease to be incorporated with the Institute in case the number of the Members of the said Society shall at any time become less than twenty-five, or the amount of money annually subscribed by such Members shall at any time be less than £50.

3. The bye-laws of every Society to be incorporated as aforesaid shall provide for the expenditure of not less than one-third of its annual revenue