Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-11-03
RULES AND REGULATIONS
OF THE BOARD OF TRADE.

THE BOARD OF TRADE OF THE CITY OF. BALTIMORE.
ARTICLE lst.-The officers of this g Board of
Trade shall consist of a President four Vice Presi
dents, twenty-tour Directors, Secretary and a
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 remunerated for.hs services by such salary
may be fixed by the President and Directors
nually.
ARTICLE 2nd.-This Association shall hold an
nual and special meetings. The annual meeting
shall be held the first Monday in October of every
year, and special meetings may be called by order
OF the President of the Vice Presidents when
occasion may require, of which the Secretary shall
give public notice.
ARTICLE 3d.-The Board of Directors shall meet
stately, the first Monday of every month, for
the transaction of such business may before
them; and at the stated meeting in October, shall
lay before the Associations report OF the proceedings
of the past year.
ARTICLE 4th.-Thc President, or one Of the Vice
Presidents and eight directors shall be quorum for
the transaction Of BUSINESS and in the absence of the
President and all the Wee Presidents, they shall
have power to appoint President Tor the time
being.
ARrICLE jth.-The said officers shall appoint a
standing monthly Committee consisting OF five mem
bers of the Association, which shall be styled the
Committee of Arbitration (two of whom Shall be
rejected by the liti%ants.)
ARTICLE 6th.-1he duties Of the Committee Of
Arbitration shall be to arSitate and decide all dis
puted accounts aud contracts, and all controversies
OF mercantile character, which may be brought be-
fore them by the members; the parties having pre-
viously signed Penalty Bond, for such an amount
the committee may require, to abide by the dccl-
sion of the same.
ARTICLE 7th.--Thc Committee of Arbitration
shall render their awards in writing to the parties in
controversy, through the Secretary OF the Board,
within week after their decision shall have been
made.
ARTICLE Sth-The fees of the Committee of Ar
bitraion shall not be less than $500, more than
$500, the 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, in
writing, and state the character Of the for i'll
! vcstigation.
Article 1Oth.-Whcneyer a report of a case
which has been investigated by said committee is to
be sent abroad it shall be signed by the committee,
atested by the President or one OF the Vice Presi-
| dents.
ARTICLE 11th-No member of the Association
who is cognisant of any fact facts in 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
and where his evidence may be required, upon pain
of expulsion from the Association, without salts
factory excuse, for such refusal.
| ARTICLE 12th.-lhe Secretary shall keep an ac-
curate record of the Transactions of the Board Of Di-
rectors at their monthly meetings and of the annual
meetings of the members attend 'the sttings of the
| Committee of ArDitration record their decisions,
give notice to said Committee when their services
required render copy Of their verdicts to the
parties in the case collect the fees of arbitraion and
all other monies due the Board, and pay the same
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 rbltra-
ton at each meeting Of the Board Of Directors.
ARTICLE l3th.-l'hc Treasurer shall receive from
the Secretary all monies belonging to the Board,
| shall dsburSe tie same when approved Of by the
President, or on, of the Vice Prsidcnts and shall
report the receipts, expenditures, &c. at each month
y meeting Of the Board and annual meeting OF the
| Association.
Article 14th,-The funds of the Association
shall always be subject to the control of the Beard
of Directors, but they shall have power author
iy to enter into any contract binding on the mem
beers OF the Associations beyond the funds in the hands
Of the Treasurer.
ARTICLE I5th.-Any individuals, or firms, ucs-
! dents of Baltimore,) may become members Of this
association, the payment of three dollars per
| mum, payable in advance, which shall become due
on the first Monday in October, said firms to have
but vote, and any neglect refusal to pay said
contribution for one year, shall be considered as
Withdrawal from the Association, and the name of
the party shall be striker from the same.
Article lGth.-'rhc Board of Directors shall
have power to make such bylaws as they may deem
neccssary to ill any vacancy occurring among the
officers and to alter amend these Rules and Rcgu-
latlons, provided ma Drtv of three-tOurths of all
the members OF the is obtained in favor Of said
alterations at extra meeting to be called for the
purpose, by order of the President, of which the
Secretary shall give each member Of the Board no
tice.