This organization shall be called the United States Naval Institute.
Its object is the advancement of professional, literary, and scientific knowledge in the Navy.
The Headquarters of the Institute shall be at the United States Naval Academy, Annapolis, Md.
The officers shall be as follows:
A Board of Control.
A Secretary and Treasurer.
A President and Corresponding Secretary for each Branch.
ARTICLE V.—Election of Officers.
Sec. 1. There shall be a meeting of the Institute at Headquarters on the second Friday in October of each year, of which at least two weeks notice shall be given, at which meeting all the foregoing officers, except those of Branches, shall be elected by ballot in open session, and a majority of votes given by presence or proxy shall elect; regular or life members only being eligible for office.