Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-11-24
RULES AND REGULATIONS
OF THE BOARD OF TRADE.

THE BOARD OF TRADE OF THE CITY OF BALTIMORE,
ARTICLE 1st.-The officers OF this g Board of
Trade" shall consist of President, four Vice Presi-
DENTS twenty-four Directors, a Secretary and a
Treasurer who shall in the first instance be chosen
by ballot, and annually thereafter by ballot, at the
annual meeting, for year. And the Secretary
shall be remuncated for his services by such salary
as may be fixed by the President and Directors an
nualiy.
ARTICLE 2nd.-This Association shall hold an
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 one of the Vice Presidents when
occasion may require, of which the Secretary shall
give public notice.
ARmcLE 3d-The Board of Directors shall meet
stately. ON the first Monday of every month, for
the transaction of such business may come before
them; aud at the stated meeting in October, shall
lay before the Associations report OF the proceedings
of the past year.
ARrirLE Ith.-The President, or one of the Vice
Presidents and eight directors shall be quorum for
the transaction OF business and i'll the absence OF the
President, and all the Vice Presidents, they shall
have power to appoint a President for the time
being.
Article jth.-The said officers shall appoint
standing monthly Committee consisting OF five mem
bers OF the Associations 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 arbitratc and decide all dis
putcd 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
the committee may require, to abide by the deci-
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,
within week after their decision shall have been
made.
Article Sth.-The fees of the Committee of Ar
bitraton shall not be less than $780, nor more than
$500, the amount to be left discretionary with the
committee and to be paid to the Treasurer for the
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 case Tor in
vestlgatlon.
Article 10th.-Whencver report of case
which has been investigated by said committee is to
be sent abroad, it shall be signed by the committee,
attcstcd by the President OF the Vice Presi-
dents.
ARTICLE 11th.-No member of the Association
who is cugnisant 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 Associations without salts
| factory excuse for such refusal.
ARTICLE l2th-The Secretary shall keep ac-
curate record of the transactions OF the Board of D
at their monthly meetings, and of the annual
meetings OF the members, attend the sittngs OF the
Committee of Arbitration, record their decisions,
give notice to said Committee when their services
required, render copy of their verdirts to the
parties in the case, collect the fees of arbtration 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 Arbtra-
ton at each meeting of the Board of Directors.
ARTICLE 13th.-The Treasurer shall receive from
the Secretary all monies belonging to the Board,
shall disburse the when approved Of by the
President, or one of the Vice Presidents, and shall
report the receipts, expenditures SC, each month
" meeting of the Board, and annual meeting of the
Association.
Article l4th.-Thc funds of the Association
shall always be subject to the control of the Beard
of Directors bat they shall have no power author
ity to enter into any contract binding ON the mem
bers of the Association, beyond the funds in the hands
Of the Treasurer
ARTICLE 15th.-Any individuals, or firms, (resi-
dents Of Batimore0 may become members of this
association, on 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 neg lcct refusal to pay said
contribution for one year. shall be considered as a
withdrawal from the Association, and the name Of
the party shall be striker from the same
ARTICLE 16th--'rhc Board OF Directors shall
have power to make such bylaws they may deem
necessary; to fill any vacancy occurring among the
officers; and to alter amend these Rules and Rcgi-
laions, provided majority Of threetourths of all
the members of the is obtained in favor of said
alteration, at an 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.
ticc.