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6 MARINE BIOLOGICAL LABORATORY
and shall be organized and operated under the general supervision and authority of
the Trustees.
XI. The consent of every Trustee shall be necessary to dissolution of the Marine
Biological Laboratory. In case of dissolution, the property shall be disposed of in such
manner and upon such terms as shall be determined by the affirmative vote of two-thirds
of the Board of Trustees.
XII. The account of the Treasurer shall be audited annually by a certified public
accountant.
XIII. These bylaws may be altered at any meeting of the Trustees, provided that the
notice of such meeting shall state that an alteration of the bylaws will be acted upon.
RESOLUTIONS ADOPTED AT TRUSTEE MEETING AUGUST 16,
1963—EXECUTIVE COMMITTEE
I. RESOLVED:
(A) The Executive Committee is hereby designated to consist of ten members as
follows: ez officio members who shall be the Chairman of the Board of Trustees,
President, Director and Treasurer; six additional Trustees, two of whom shall be
elected by the Board of Trustees each year, to serve for a three-year term.
(B) The President shall act as Chairman of the Executive Committee and the
Chairman of the Board of Trustees as Vice Chairman. A majority of the members
of the Executive Committee shall constitute a quorum and a majority of those present
at any properly held meeting shall determine its action. It shall meet at such times
and places and upon such notice and appoint such sub-committees as the Committee
shall determine.
(C) The Executive Committee shall have and may exercise all the powers of the
Board during the intervals between meetings of the Board of Trustees except those
powers specifically withheld from time to time by the Board or by Law.
(D) The Executive Committee shall keep appropriate minutes of its meetings, and
its actions shall be reported to the Board of Trustees.
IT. RESOLVED:
The elected members of the Executive Committee shall be constituted as a standing
“¿Committeefor the Nominations of Officers,†responsible for making nominations at
the annual meeting of the Corporation and of the Board of Trustees, for candidates to
fill each office as the respective terms of office expire. (Chairman of the Board, Presi
dent, Director, Treasurer, and Clerk.)
IV. REPORT OF THE DIRECTOR
To: THE TRUSTEES OF THE MARINE BIOLOGICAL LABORATORY
Gentlemen:
I submit herewith the report of the seventy-sixth session of the Marine Bio
logical Laboratory.