I.--That before any measures are taken for carrying the plan into execution, a petition be presented to his Majesty, praying that he would be graciously pleased to grant a charter to the Institution. II.--That an outline of the plan be laid before the Right Honourable Mr. Pitt and his Grace the Duke of Portland. III.--That for these purposes it is expedient to elect the Committee of Managers. IV.--That the following proprietors (_who have agreed to serve in case they shall he elected_) be now elected as the _first managers_ of the Institution: _For three years._ The Earl Spencer. Count Rumford. Richard Clark, Esq. _For two years._ The Earl of Egremont. Rt. Hon. Sir Joseph Banks. Rich. Joseph Sulivan, Esq. _For one year._ The Earl of Morton. The Rt. Hon. Thomas Pelham. Thomas Bernard, Esq. V.--That the said managers be desired to solicit a charter for the Institution, upon principles conformable to the Proposals which have been printed and distributed, and (as soon as the charter is obtained) to publish the plan for the benefit of the public, in such manner as they shall deem most expedient; and also to take preparatory measures for opening the Institution. That these resolutions be inserted in the public papers. JOS. BANKS, Chairman. Sir Joseph Banks having quitted the chair, Resolved,--That the thanks of the meeting be given to him for his conduct in the chair. After this meeting of the proprietors a meeting of the managers was held, and the following resolutions taken: At the first meeting of the Managers of the Institution, held at the house of the Right Honourable Sir Joseph Banks, in Soho Square, Saturday, March 9, 1799, On a motion made by Count Rumford-- I.--Resolved, That Sir Joseph Banks be requested to take the chair, and that he do continue to preside at all future meetings of the managers, until a charter shall have been obtained from his Majesty for the Institution. II.--Resolved, That all acts and deeds of the managers, in carrying on the business of the Institution, be transacted and done in the name of the managers of the Institution. III.--Resolved, That at each meeting of the managers one of the managers present be elected by a majority of those present to act as secretary to the managers at that meeting. IV.--Resolved, That the minutes of the proceedings of each meeting of the managers for the despatch of the business of the Institution, as well as all orders, resolutions, and other acts and deeds of the managers, be signed by the person who acts as president, and also by the person who acts as secretary at the meeting at which such business is transacted.