Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-10-13
BOARD OF TRADE.


Several OF the merchants and business men oil BAL
timore have recently attempted-and we hope their
attempt will bo ,t+snded With srccoss 10 es,,sci
tate d Doafd oil uaue (wmch Tor several years mas
been defunct,) the preminaries of which have been
So far settled that Rules and REGULATIONS have been
,,., IN
u "'''o" '"' ioi''Ni"S - '0P9
by resolution passed at the meeting held on
rday OF last week at the Exchange, the following
Rules and regulations were ordered to be PuolSheu
Tor general information:
Believing IN the necessity OF an ASSOCIATION OF
citizens to give tone and energy to their efforts III
securing the advantages which the position OF the
city offers to Commerce and Manufactures; and that
TINS end may be accomplished by the establishment
OF BOARD Of TRADE, the duty Of whose Executive
shall be to consider all subjects OF internal improve
m nj, agitated In the community, which may be
brought under their notice by members OF the same,
and take such ettectua measures IN relation thereto
as the Importance OF the subject snail call Tor, TO
settle and adjust all matters relating to the trade OF
the city, to establish ITS customs and ordinances,
and to MAINTAIN UNITY OF action Tor Punnc good;
we hereunto subscribe to the following Rules ana
Regulations Tor the government OF an ASSOCIATION 10
be called
THE BOARD OF TRADE or THE CITY OF BALTIMORE.
ARTICLE lst.-The officers of this Board of
Trade shall consist of President four Vice Pres-
dents, twentv-four Directors 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 remrmerated for his services BY such salary
as may be fixed by the President and Directors
nua w.
ARTICLE 2nd-This Association shall hold
nual and special meetings. The annual meeting
shall be held on the first Monday in October of every
year. and special meetings may be called by order
of the President or one of the Vice Presidents when
occasion NAV require, of which the Secretary shall
give public notice
ARTICLE 3d-The Board of Directors shall meet
stately, on the first Monday OF every month, for
the transaction Of such business may before
them; and at the stated meeting in October, shall
Law before the Association report Of the proceedings
of the past year.
ARTICLE 4th.-The President, 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 Vice Presidents, they shall
have power to appoint President for the time
being.
ARTICLE 5th.-Thc said officers shall appoint
standing monthly Committee consisting Of five mem
beers of the Association, which shall be styled the
Committee of Arbitration (two OF whom shall be
rejected by the litigants)
ARTICLE 6th.-rhe duties of the Committee of
Arbitration shall be to arbitrate and decide all dis
puted accounts and 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
as the committee may require, to ablle by the decl
sion Of the same.
ARTICLE 7th.-The Committee of Arbitration
shall render their awards in writing to the parties IN
controversy, through the Secretary Of the Board,
made
ARTICLE Sth-The fees of the Committee of Ar
btraion shall not be less than $500 nor more than