ARTICLE XVII.-Amendments. Proposals for amendments to these By-Laws shall be presented in writing, signed by two members in good standing, at any stated meeting of the Institute. By a majority vote of the members present at this meeting they may be considered, amended, referred, postponed, rejected, or ordered to be voted upon at the date of the next stated meeting, until which time they shall be posted at the Institute. The final vote upon amendments shall be by ballot, and if two-thirds of the votes cast are in favor of any proposed amendment, it shall be declared adopted; except that amendments to Article II, relating to capital stock, must (subsequently) be ratified by a majority of the stock represented at a meeting specially called for this purpose. BY-LAWS OF THE BOARD OF MANAGERS (As Amended June 8, 1910.) SECTION 1. Officers.-The President of the Institute, or, in his absence, the Vice-President, in order of seniority of election, or in the absence of both, a member elected pro tempore, shall preside at all meetings of the Board. Records of its proceedings shall be kept by the Actuary. SEC. 2. Meetings.-The Board shall hold a meeting for the purpose of organizing, electing a Secretary, and a Committee on Science and the Arts; and appointing an Actuary, Standing Committees, etc., on the fourth Wednesday in January, and regular meetings on the second Wednesday of each month, at 3.30 o'clock P.M. SEC. 3. Special meetings may be called by the President at his discretion, and shall be called on written request of five members of the Board. In case of his absence or refusal to act, such special meeting shall be called by the Actuary. SEC. 4. Actuary.-An Actuary shall be appointed by the Board at their first meeting after the annual election. He shall keep a correct record of their proceedings; keep a roll of the members, and note their attendance thereon; give notice of all meetings of the Board, and of Committees, delivered at least two days prior to the day of meeting; act as Secretary of the following Standing Committees of the Board: on Election and Resignation of Members; on Stocks and Finance; on Exhibitions; on Endowment. He shall notify all committees of the Board of their appointment. He shall collect and receive all moneys due to the Institute, and hand them over to the Treasurer; shall act as agent of the JOURNAL of the Institute, and shall transact such other business of the Institute as the Board shall direct. In all matters he shall be subject to the direction and control of the Board, and he shall receive such yearly compensation as they may determine. SEC. 5. Secretary.-The Secretary of the Institute shall be ex officio a member of and act as secretary of the following Standing Committees of the Board: on Instruction; on Publications; on Sectional Arrangements; Executive. SEC. 6. Resignations.—All resignations by members of the Board, after acceptance thereof, shall be reported to the Institute at its next stated meeting. Members who have not attended six regular meetings prior to the stated meeting of the Institute in December, shall be reported thereat as having resigned, unless it be unanimously voted by the Board, at its stated meeting in December, that such member has been absent for sufficient reason. SEC. 7. Standing Committees.-The following Standing Committees, consisting of five members each, shall be appointed by the President and approved by the Board: I. On Instruction. 2. On Election and Resignation of Members. 3. On Stocks and Finance. 4. On Publications. 5. On Exhibitions. 6. On Sectional Arrangements. 7. On Endowment. 8. Executive. It shall be the duty of the Executive Committee to make to the Board such recommendation as it may deem advisable, but in the absence of specific delegation of authority, it shall have no power to act on behalf of the Board. It shall be the duty of all the committees to keep regular minutes of their proceedings, and report monthly to the Board, and to report through the Committee on Stocks and Finance to the stated meeting of the Board in September, an estimate of moneys they require for the service of the ensuing year. SEC. 8. Professorships.-The Board may, at its discretion, establish such Professorships as may seem advisable, and on such subjects as it may designate, to serve until the next succeeding first meeting after the annual meeting. SEC. 9. Order of Business.-The order at the stated meetings shall be as follows: 1. Calling the roll. 2. Reading the minutes and acting thereon. 3. Report from Treasurer, and action on bills. 4. Report from Standing Committees, and action thereon (a) On Instruction. (b) On Election and Resignation of Members. (c) On Stocks and Finance. (d) On Publications. (e) On Exhibitions. (f) On Sectional Arrangements. (g) On Endowment. (h) Executive. 5. Reports from Special Committees and action thereon. 6. Deferred Business. 7. New Business. SEC. 10. Amendments.-These By-Laws may be altered at any stated meeting of the Board, provided the alteration be approved by two-thirds of the members present. AWARDS BY THE INSTITUTE The following awards are made by The Franklin Institute: The Franklin Medal. The Elliott Cresson Medal. The Howard N. Potts Medal. The Edward Longstreth Medal. The Boyden Premium. The making or recommending of these awards is, by resolution of the Institute, entrusted to its Committee on Science and the Arts, a Committee consisting of sixty members of the Institute. This Committee recommends to the Institute the award of the Franklin Medal to distinguished scientists or technologists; and investigates, upon application, and reports on any worthy invention, discovery of process, recommending the award, according to merit, of the Elliot Cresson Medal, the Howard N. Potts Medal, the Edward Longstreth Medal, or the Certificate of Merit. The Franklin Medal (Gold Medal and Diploma).-This medal is awarded annually from the Franklin Medal Fund, founded January 1, 1914, by Samuel Insull, Esq., to those workers in physical science or technology, without regard to country, whose efforts, in the opinion of the Institute, acting through its Committee on Science and the Arts, have done most to advance a knowledge of physical science or its applications. The Elliott Cresson Medal (Gold Medal and Diploma).-This medal is awarded for discovery or original research, adding to the sum of human knowledge, irrespective of commercial value; leading and practical utilizations of discovery; and invention, methods or products embodying substantial elements of leadership in their respective classes, or unusual skill or perfection in workmanship. The Howard N. Potts Medal (Gold Medal and Diploma).—This medal is awarded for distinguished work in science or the arts; important development of previous basic discoveries; inventions or products of superior excellence or utilizing important principles; and for papers of especial merit that have been presented to the Institute and published in its JOURNAL. The Edward Longstreth Medal (Silver Medal and Diploma).—This medal, with a money premium when the accumulated interest of the fund permits, is awarded for meritorious work in science or the arts. In the event of an accumulation of the fund for medals beyond the sum of one hundred dollars, it is competent for the Committee on Science and the Arts to offer from such surplus a money premium for some special work on any mechanical or scientific subject that is considered of sufficient importance. The Certificate of Merit.-A Certificate of Merit is awarded to persons adjudged worthy thereof for their inventions, discoveries or productions. The Boyden Premium (Premium of $1000).-To any resident of North America who shall determine by experiment whether all rays of light and other physical rays are or are not transmitted with the same velocity. HISTORY OF THE MEDALS. The Franklin Medal.-Samuel Insull, Esq., of Chicago, Illinois, writing under date of December 23, 1913, to the Board of Managers, stated tha he had been informed it would be a source of gratification to them if the Institute, had available, in addition to such medals already in its gifts, a medal to be known as The Franklin Medal, and to be awarded from time to time in recognition of the total contributions of individuals to science or to the applications of physical science to industry, rather than in recognition of any single invention or discovery, however important. He agreed to provide for the founding of this medal under the following general conditions: 1. That an amount not exceeding one thousand dollars should be furnished by him for procuring appropriate designs and dies for the medal and diploma. 2. That the medal should possess distinct artistic merit, and have on one side a medallion of Benjamin Franklin done from the Thomas Sully portrait in the possession of the Institute. 3. That the medal should be of gold and have an intrinsic value of about seventy-five dollars. 4. That the sum of five thousand dollars should be provided by him to be held in trust in perpetuity to be a foundation for this medal, and to be known as The Franklin Medal Fund (Founded January 1, 1914, by Samuel Insull, Esq.). 5. That the interest of this fund should be used from time to time in awarding The Franklin Medal to those workers in physical science or technology, without regard to country, whose efforts have, in the judgment of the Institute, done most to advance a knowledge of physical science or its applications. 6. That any excess of income from this fund, beyond such average annual sum as might be deemed necessary by the Institute for the number of medals it is considered best to award, might be used for premiums to accompany the medals. Mr. Insul said he understood that the Institute would be glad to award, on the average, two Franklin Medals a year. Though this would leave little surplus, he inserted the sixth condition to prevent an undesirable accumula tion of the fund. 'At the Stated Meeting of the Board of Managers, February 11, 1914, the above offer was accepted, and its acceptance was confirmed to Mr. Insull in the following resolutions: Resolved, That the Board of Managers of The Franklin "Resolved further, that it is the sense of the Board of "Resolved further, that the thanks of the Board of Managers of the Institute be, and are hereby, extended to Mr. Insull for his generous and greatly appreciated action. "Resolved further, that an engrossed copy of these resolutions be forwarded to Mr. Insull." On March 24, 1914, Mr. Insull forwarded his check for six thousand dollars, and the following deed was duly executed and delivered: KNOW ALL MEN BY THESE PRESENTS, That THE FRANKLIN INSTITUTE OF THE STATE OF PENNSYLVANIA FOR THE PROMOTION OF THE MECHANIC ARTS, hereinafter named The Franklin Institute, for and in consideration of the sum of Six Thousand ($6,000) Dollars to it in hand paid by Samuel Insull, Esq., the receipt whereof is hereby acknowledged, does hereby certify and declare that it holds and will use said sum of money for the following uses, intents and purposes, and upon the following perpetual trusts, that is to say: 1. To expend One Thousand ($1,000) Dollars, or so much thereof as may be necessary, for the purpose of paying for the design of a medal, and the necessary dies and diploma plates for the purposes hereinafter set forth. 2. To invest and keep invested the balance of said sum, and from the income derived from such investments from time to time to strike off and award medals from said design to workers in physical science or technology, without regard to country, whose efforts, in the opinion of the Board of Managers of said The Franklin Institute, have done most to advance our knowledge of physical science or its application. Should the income derived from this fund be more than necessary for the purposes aforesaid, the said The Franklin Institute may, in its discretion, award so much of the surplus, as its Board of Managers deems wise, as premiums to accompany said medals. 3. The fund thus set apart shall be known as "The Franklin Medal Fund" (Founded January 1, 1914, by Samuel Insull, Esq.). |