VIII. At such Annual General Meeting all the Members of the Council shall retire from office, but shall be eligible for re-election.
IX. The accounts of the receipts and expenditure of the Society shall be audited annually by two Auditors, to be elected at the General Meeting.
X. The Council may elect as honorary Members persons distinguished in the study of Folklore, provided that the total number of such honorary Members shall not exceed twenty.
XL The property of the Society shall be vested in three Trustees.
XII. The first Trustees shall be appointed at a Meeting convened for the purpose.
XIII. The office of Trustee shall be vacated (i.) by resigna- tion in writing addressed to the Secretary, and (ii.) by removal at a Meeting of Members convened for the purpose.
XIV. The Meeting removing a Trustee shall appoint another in his place. Vacancies in the office arising by death or resig- nation shall be filled up by the Council.
XV. The Trustees shall act under the direction of the Council.
XVI. No Trustee shall be responsible for any loss arising to the Society from any cause other than his own wilful act or default.
XVII. No alteration shall be made in these Rules except at a Special General Meeting of the Society, to be convened by the Council or upon the requisition of at least five Members, who shall give fourteen days' notice of the change to be proposed which shall be in writing to the Secretary. The alteration proposed shall be approved by at least three-fourths of the Members present and voting at such Meeting