Excerpt from The Brooklyn Yacht Club: Constitution and by-Laws, Adopted April 23d, 1890 Sec. 2. The said corporation shall have power to make and adopt a constitution and by-laws, rules and regulations for the admission and government of its members as well as for their suspension and expulsion, for the election of officers and defining their duties, and for the safe-keeping, management and disposition of its property and funds. It may also from time to time alter or repeal such constitution and by-laws, rules and regulations and the first seven persons named in the first section of this act shall constitute the trustees and managers of the corporation until others are elected in their places. Sec. 3. The said corporation may purchase and hold or lease any real estate or personal estate, but the value of the real estate so to be held by it shall not exceed fifty thousand dollars. Sec. 4. The said corporation shall also possess the powers and be subject to the restrictions and liabilities contained in the third title of the eighteenth chapter of the first part of the Revised Statutes. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.