Liberty advocate. [volume] (Liberty, Miss.) 1835-1866, 1838-10-25


after. The notes, when compared with
the record and cancelled, may be destroyed
in the presence Of at least nine members
Of the Board.
RULE XIV.
No Director, without special authority,
shall be permitted to inspect the cash &C
count of any person with this Bank; and
no Directors is permitted to divulge any
of the confidential measures OF the Bank:
Provided, They are not in opposition to
the charter; and, as the interest Of the
Bank requires the free and unreserved in
terchange of opinion of the Directors,
more particularly in the operation Of dis
count, no member is permitted to reveal
the opinion or vote on any matters. relative
thereto.
or the rules and regulations Of the Board
Of Directors IL the transaction Of their
ordinary business.
RULE XVI.
On each application for discount every
Director present shall be held TO give his
opinion for or against the same. No dis
count shall be made on personal security,
without two responsible names partner
ship shall be considered as one name
only; and no discount shall be made when
one-(ourth Of the Directors present shall
object thereto. All notes and bills dis.
counted shall be entered in book called
the "Credit Book" in such manner as 10
show to the Board al one view, on each dis
count day, the amount which any person
has obtained from the Bank as discounter.
or which he is indebted thereto as payer or
or endorser.
RULE XVII.
The Exchange Committee shall be COM
posed the President and two members, TO
be elected quarterly by ballot. Two mem
bers shall form quorum. II shall be the
duty OF this committee TO meet every day.
They shall have power TO determine the
description Of exchange that shall be pur-
chased, and TO regulate the rates at which
it shall be taken. They shall also be iudg.
es ofthe securities 10 be required, and no
bill shall be purchased when one member
shall object tot on the score Of security.
A book containing 10 detailed statement of
the operations Of the committee shall be
kept, and the summary entered in the min
ute book.
RULE XVIII.
The proceedings ofthe Board ofDrec-
tors, when conducting business, as a de-
liberate body, shall be governed by the
following rules: -. .... ... ...
!. When tho President takes the chair,
the members shall take their seats.
z. The minutes Of the preceding meet.
ings shall be read before the board pro.
coed TO any other business. No debate
shall be admitted or question taken at such
reading, except as to errors and inaccura.
cles; the state ofthe Bank shall then be
read and the discount settled. -saI.
3. The President shall be the Judge of
order, and his decisions shall be immedi.
ately submitted TO, unless two members
require an appeal TO the Board. lie shall
name all committees, unless herein other.
wise provided, or unless the Board should
otherwise determine. .... ......
4. Every member presenting a paper
10 The chair shall first state its general
purport, and every member who shall
make motion to offer resolution, or
speak on any subject under discussion,
shall rise and address the President. .....
5. No debate shall be entered into on
any motion previous TO its having been Sc.
;onded, and until it shall have been sta.
ed from the chair; and all motions shall,
t requested by the President or BY two
members, be reduced to writing, and no
member shall speak more than twice on
my one question, without leave of the
Board. ry.#.... .,....... .,....
3. While resolution is under discus
'iCn, no motion shall be made except to
amend, divide, commit, or postpone it, but
shall be in order, at The close of any
speech, on the call of three members, to
AXE the previous question which shall DO
will the Board act at this time on the sub
ectf" and II It be decided in tho affirma.
i've, the debate may be continued. A mo-
ion to adjourn shall always be in order,
ut 1t shall be decided without debate.
7. A member may call for the division
I a question or resolution, when the sense
vii admit Of ii, but no amendment which
ends to destroy the general sense of the
lause ola resolution shall be admitted.
Q. lfbusiness Of different kinds should
G called for at the same time by different
lembers, the president shall Judge aad
i've preference accordingly. {
%. The yeas and nays shall be taken
\ any question, il called for by one mem.
er previous 10 the decision of such cues. I
on, but no motion for reconsideration G
nall be permitted, unless made and Sc I
'ndcd by members who were in the ma. /,
rlty on the original question. r