Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-10-20
RULES AND REGULATIONS
OF THE BOARD OF TRADE.

THE BOARD OF TRADE OF THE CITY or BALTIMORE,
ARTICLE 1st-The officers of this g Board of
Trade" shall consist of a President, four Vice Presl
dents, tHenty-tour Directors, a Secretary and
Treasurer who shall in the first instance be chosen
by ballot, and annually thereafter by ballot, at the
annual meeting, for one year. And the Secretary
shall be remuerated for his services by such salary
as may be fixed by the President and Directors an
nual,y.
ARTICLE 2nd.-This Association Shall hold an
nual and special meetings. The annual meeting
shall be held on the first Monday III October Of every
year, and special meetings may be called by order
OF the President one OF the wee Presidents when
occasion may require, OF which the SECRETARY shall
give public notice.
ARrlcrE 3d.-'The BOARD of Directors shall meet
stately, the first Monday OF every month, Tor
the transaction of such business may come before
! them; and at the stated meeting in October shaA
lay before the Associations report OF the proceedings
| OF the past year.
| ARTICLE 'lth-The President, or one Of the Vice
Presidents and eight directors shall be quorum tor
the transaction OF BUSINESS and iii the absence OF the
President, and all the Wee Presidents they shall,
have power TO appoint a President Tor thc time
being.
| ARTICLE 5th-'Thc said officers shall appoint
| standing monthly Committee consisting oi tive mem
bers of the Associations which shall be styled the
! Committee of Arbitration Qwo OF whom shall be
| rejected by the litigants)
ARTICLE 6th.-Ihc duties of the Committee OF
Arbitration shall be to arbitrate and decide all dis
puted accounts and contracts, and all controversies
of a mercantile character, which may be brought be-
fore them by the members; the parties having pre-
viDuSlv signed Penalty Bond, tor such an amount
the committee may require, to abide by the decl
sion Of the same.
| AiTlCLE 7th.-Thc Committee of Arbitration
shall render their awards in writing to the parties IN
controversy, through the Secretary OF the Board,
within one week after their decision shall have been
made.
| ARTICLE Sth.-The fees of the Committee of Ar
bitration shall not be less than $500, than
$500, the amount to be left discretionary with the
committee, and to be paid to the Treasurer for the
| use OF the Board.
ARTICLE 9th.-Any members desiring the services
! OF said committee shall notify the Secretary, III
writing, and state the character OF the case lor IN
| vestigation.
/ Article 1Oth-Whenever a report of case
| which has been Investigated by said committee is to
BE- sent abroad, it shall be signed by the committees
attcsted by the President or one OF the Wee Pres
/ dents.
ARTICLE 11th-No member OF the Association
who cngnisant of any fact facts in case before
the Committee of Arbitration shall refuse to give
testimony before said committee, if notified in writ
ing by the Secretary, OF the time and place, when
a4d where his evidence may be required, upon pain
! OF expulsion from the Association, without salts
/ factory excuse, for such refusal.
ARTICLE l2th.-'Ihe Secretary shall keep ac-
record OF the transactions OF the Board OF l
rectors at their monthly meetings, and of the annual
meetings Of the members, attend the attInSs OF the
| Committee of Arbitration, record their decisions,
give notice to said Committee when their services
required render copy OF their verdlcts to the
parties in the case collect the fees OF arbitraion and
all other monies due the Board, and pay the same
over to the Treasurer read the minutes Of the last
| previous meeting at the monthly meetings OF the
Directors and annual meetings OF the members, and
report the proceedings Of the Committee of Arbitra-
! ton at each meeting OF the Board OF Directors.