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above mentioned private securities, in the best public securities, or
other safe investments, paying over to the Treasurer of the Uni-
versity the interest of the amount subscribed, in such manner as
shall be prescribed by the Board of Trustees, and his accounts
shall be rendered to the Board of Trustees at their annual session.
The Board of Trustees shall prescribe rules and regulations for the
management, safe-keeping and transmission of the funds in the
hands of the Diocesan Treasurers, and shall fix their compensation.

In case of a vacancy in the office of any Treasurer, either of the
University or of a Diocese, the Board of Trustees shall be author-
ized to provide, by statute, a mode of filling such vacancy until a
regular election.

ARTICLE XVI.

SUBDIVIDED DIOCESES.

In case of the subdivision of any of the existing dioceses con-
nected with this University, each diocese arising out of such sub-
division shall be entitled to the same number of trustees as the
respective dioceses are now entitled to, and be subject to the same
provisions and regulations.

ARTICLE XVII.

AMENDMENTS TO THE CONSTITUTION.

No amendment shall be made to this Constitution, unless it shall
have been passed at two successive annual meetings, by a majority
of the Board of Trustees, provided that majority be a quorum.

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STATUTES
OF
THE UNIVERSITY OF THE SOUTH

----------

I.--CHANCELLOR.

The senior Bishop, by consecration, of the Dioceses uniting for
the foundation of the University shall always fill the office of
Chancellor. He shall not be required to reside at the University

181

II.--VICE-CHANCELLOR.

SECTION 1. The Vice Chancellor shall be elected by the Board
of Trustees. He shall be the resident head of the University. He
shall have control over all its departments, and shall be exclusively
an administrative officer. He shall be furnished with a house, and
be paid a salary of $6,000 per annum, and shall hold his office
during good behavior.

SEC. 2. In the government of the University he shall be
assisted by a Hebdomadal Board, to be composed of such Pro-
fessors as shall hereafter be named.

SEC. 3. He shall have the sole power of granting leave of ab-
sence to Professors. Fellows, other Officers and students of the
University. He shall have power at all times, to visit any hall,
lecture room, office, student's room, or public apartment of the
University.

SEC. 4. He shall advise and remonstrate with any Professor of
the University, whenever it shall come to his knowledge that such
Professor has been negligent of his duties, or has shown a want of
zeal in imparting instruction to his school, or in promoting the in-
terests of the University.

SEC. 5. Should any Professor or other Officer of the University,
be inattentive to the advice or remonstrance of the Vice-Chancel-
lor. the Vice-Chancellor shall, after giving such Professor or Officer
notice of his intention, and furnishing him with a copy of the offi-
cial statement he proposes to make of the case, call the attention
of the Board of Trustees to the conduct of such Professor or Officer.

SEC. 6. The Vice-Chancellor shall have power to license board-
ing houses for the students, and to exercise a full supervision of
them through the Proctors, for the purpose of ascertaining whether
the regulations made for their order and discipline have been com-
plied with.

SEC. 7. The Vice-Chancellor shall cause to be prepared by the
Registrar, monthly reports of the conduct and scholarship of every
student, which he shall transmit to the parents or guardians of
such students.

SEC. 8. It shall be his duty to make a report to the Board of
Trustees at their annual session, on the general condition of the
University during the past year, and to suggest for their consid-
eration such alterations and improvements on any subject as shall
have been approved by the Hebdomadal Board. He shall also
present for the examination of the Board at its annual session, a