Calendar: 1886-1887 Page 34

30 king's college London act 1882 Report and Statement of Accounts to he made to Annual Court 24 The Council shall lay before the Annual Court report of their proceedings during the preceding year and of the state of the College and the accounts up to the preceding First of January And the accounts shall be examined and signed by at least two of the Auditors unless they disapprove of the same giving their reasons in writing for so doing and they shall have full power to inquire into the accounts and examine all books necessary for that purpose at all reasonable times and all officers of the College shall give them such in- formation as they may properly require for that purpose and the Auditors shall be responsible for the accuracy of the accounts so far as they could reasonably have ascertained the same Minutes of Governors and Council 25 Minutes of the proceedings of every Meeting of the Governors and of the Council and of every Annual Court shall be kept and entered and signed by the Chairman of each of such bodies when correct and shall be accepted as evidence of such proceedings unless they shall be shown to be incorrect Validity of things done and Votes given 26 All things done and votes given by any persons ostensibly filling any office in the College shall be valid notwithstanding any irregulaiity or invalidity in his appoint- ment or election to the office in which such acts have been done unless such vote shall be disallowed by the majority of the meeting present on account of bona-fide dispute as to the validity of his appointment or election Members divested of personal interest -Privileges of donors of First Class 27 All claims to any pecuniary profit of the proprietors of shares in the College shall be and are hereby extinguished and no dividend shall be considered to accrue on any shares or donations and the shares now in the possession of the College