The Library Company of Philadelphia, are desired to meet on Monday the third Day of May next, at nine o’Clock in the Morning, at the Library, to receive and accept the Charter granted to the said Company by the Hon. the Proprietaries. At the same time for the better Regulating the Affairs of the Company, it will be propos’d to them to pass the following Laws, viz. I. A Law directing the Manner of Admitting new Members.

By this Law it is propos’d to be enacted, that no Person shall be admitted a Member, without the Approbation of the Directors, and paying the Value of a Share, of which a Certificate is to be given, and a Record made. II. A Law for prescribing a just Equality among the Members, and to prevent the Inconveniences that may arise by any Person’s holding more than one Share.

By this Law it is propos’d to be enacted, that no Member shall buy a Share of, or sell a Share to another Member; and if, as Executor, or Administrator of another, he come to a Plurality of Shares, he shall not thereby be entitled to more than one Vote, or to the borrowing of more Books, &c. III. A Law for regulating the Elections of Officers, and appointing their Trust and Duty.

This Law is extracted from and agreeable to the former Constitutions of the Company. IV. A Law for ascertaining the Fines for neglecting the yearly Payments.

By this Law it is propos’d to lay a Penalty of Five Shillings for every three Months Default of making the annual Payments. V. A Law for keeping a Record of the Laws and other Transactions of the Company. VI. A Law for preventing any Advantage by Survivorship among the Members of the Library Company.

The Company is also desired to take Notice, that the same Day (as by the former Constitutions is appointed) is the Day for the Choice of Directors and Treasurer for the ensuing Year, and for making the Tenth annual Payment.

By Order of the Directors.