Kansas University Weekly. 21 receive the paper and shall attend to mailing each issue of the paper. He shall also keep such other accounts and records concerning the business of the paper as may from time to time be deemed necessary. He shall, from the moneys received from advertising and subscriptions, pay for the publication of the paper. He may assign the work of his department among his assistants in such a manner as seems best, subject to the control of the executive committee. Sec. 6. At the end of each term the surplus remaining in the hands of the managing editor, after subtracting from the receipts during that term the running expenses of the paper during the same time, shall be divided into two more than as many shares as there are active assistants of the managing editor. The managing editor shall receive two of these shares, his active assistants one apiece. In case any dispute shall arise in regard to the division of the surplus, it shall be decided by the advisory committee. The managing editor shall also be the final and responsible proof-reader of the whole paper, and shall be the source to which the printer shall look for all orders. Sec. 7. The literary editor shall have charge of the literary columns, and shall be responsible for the literary standard thereof. Sec. 8.—The secretary shall keep a record of all meetings of the company,shall issue and sign all certificates of stock in the company, and keep a full record of the same. SEC. 9.—The treasurer shall have charge of all moneys belonging to the company, and shall give a bond for $200, to be approved by the executive committee and filed with the secretary, to guarantee the safe-keeping of such moneys. He shall countersign all subscriptions of stock and keep a full record of the same. But nothing in this section shall be so construed as to take from the managing editor the management of the funds arising directly from the publication of the paper, such as the money received for advertisements and subscriptions. The treasurer shall have charge of the funds received for shares of stock in the company, and shall pay out moneys only upon the order of the executive committee, approved by the advisory committee. SEC. 10. The editor-in-chief, the literary editor, the local editor, and the managing editor shall each be responsible for what appears in the columns directly under his control. SEC. 11. —The editor-in-chief shall hold office from immediately after the University term during which he is elected until the end of the following University term, except that the editor-in-chief elected at the first election held under this constitution shall hold office until the end of the fall term of the University, 1895-6. SEC. 12.—The managing, literary, and local editors, and all assistant editors, shall hold their respective positions until the expiration of the term of office of the editor-in-chief under whom they serve, except as otherwise provided in section 4. But their terms of office as mere members of the editorial board shall be as provided in section 13. SEC. 13. At the first election held under this constitution the eight candidates for members of the editorial board, except as otherwise provided in Article VI, Section 8, receiving the highest number of votes shall be members of such board until the end of the spring term of the University, 1896. The eight receiving the next to the highest votes shall be members of the board until the end of the fall term of the University, 1895-6. Thereafter the eight members of the board to be chosen at each general election of this company, except as otherwise provided in Article VI, Section 8, shall hold office for the full term of two University terms after their election. In this way eight members of the editorial board will at any time be persons who have had a term's previous experience as members of the board. SEC.14. The secretary and the treasurer shall hold office from immediately after the University term in which they are elected until the end of the following University term, except that the secretary and the treasurer chosen at the first election held under this constitution shall hold their respective offices until the end of the fall term of the University, 1895-6.