_1mo._ These subscribers, who will _never be called upon for any further contributions_ after the sum subscribed (fifty guineas) shall have been once paid, will be effectually secured against all future legal claims and demands upon them on account of any debts the managers of the Institution may contract, as a charter for the Institution will be applied for and obtained, for the express purpose of providing for that security, before any other step shall be taken for carrying this plan into execution, and before any part of the money subscribed will be demanded. _2do._ Proprietors will not be deemed liable to serve, either as managers or as visitors, against their consent; and none will be considered as candidates for either of those offices, or will be entered on the lists as candidates, or be proposed as such, except it be those who shall have previously signified their willingness to serve in one of those offices in case of their being elected. _3tio._ For the still greater security of the proprietors, as well as to found the Institution on a more solid basis, one-half of the sums subscribed by the original subscribers and proprietors of the Institution will be permanently vested in the public funds, or in the purchase of freehold property, and the annual produce thereof employed in defraying the expense of keeping up the Institution. _4to._ Each original subscriber and proprietor of the Institution to be an hereditary governor of the Institution--to have a perpetual _transferable_ share in all the property belonging to it--to have a voice in the election of the managers of the Institution, as also in the election of the Committee of Visitors--to have, moreover, two _transferable_ tickets of perpetual admission into the establishment, and into every part of it, and two _transferable_ tickets of admission to all the public philosophical lectures and experiments. _5to._ Although the shares of proprietors and all the privileges annexed to them are hereditary, and are also _transferable_ by sale or by donation, yet those to whom such shares are conveyed by sale or by donation must, in order to their being rendered capable of holding them, have obtained the approbation and consent of the majority of the managers for the time being. Those who shall become possessed of these shares by inheritance will not stand in need of the consent of the managers to be qualified to hold them, and to enjoy the rights and privileges annexed to them. _6to._ Proprietors’ tickets will admit any persons who shall be the bearers of them.